Insight

• Ezeche Valentine
• 5 Min Read

Top 10 Richest Men In Ondo State 2025: Net Worth & Wealth Rankings

Ondo State is one of Nigeria’s most economically active regions, rich in oil, agriculture, and industrial potential. From oil magnates to real estate tycoons and tech investors, the state is home to high-net-worth individuals who are making national and international impact.

So, who are the wealthiest people in Ondo State right now? Many people ask, “Who are the top 10 richest men in Ondo State in 2025?” and “What are their net worths and how did they make their money?”

This article presents the Top 10 richest men in Ondo State in 2025, their estimated net worths in U.S. dollars, business background, and what sectors they dominate.

1. Chief Akintoye Akinlade – $480 Million USD

Industry: Oil & Gas, Real Estate, Agriculture
City: Akure

Chief Akintoye Akinlade tops the list as the richest man in Ondo State in 2025. He is the founder of Akintoye Group, a diversified conglomerate with holdings in oil servicing, construction, logistics, and agribusiness. His major earnings come from downstream oil operations and massive real estate projects across Lagos, Akure, and Abuja. His net worth is estimated at $480 million USD.

2. Dr. Adebayo Fasehun – $220 Million USD

Industry: Healthcare, Pharmaceuticals, Private Hospitals
City: Ondo Town

Dr. Adebayo Fasehun built his wealth through one of Nigeria’s largest privately owned hospital chains and pharmaceutical manufacturing firms. Known for combining business with humanitarian outreach, his assets include medical facilities in Abuja, Lagos, and Ghana. His current net worth sits at $220 million USD.

3. Engr. Segun Alade – $180 Million USD

Industry: Construction, Civil Engineering, Oil Infrastructure
City: Akure

Engr. Alade is the CEO of Alade Engineering Group, a firm that has executed multimillion-dollar road, bridge, and oil pipeline projects across Nigeria. His company is one of the top contractors with state and federal governments. His net worth is estimated at $180 million USD.

4. Prince Jide Ogunleye – $150 Million USD

Industry: Real Estate, Banking, Private Equity
City: Owo

Prince Ogunleye is a private investor and serial entrepreneur with heavy stakes in real estate, banking, and venture capital. He is known for his Lagos Island developments and investment in fintech startups. He holds equity in a Tier-2 bank and is worth an estimated $150 million USD.

5. Hon. Tunde Akintemi – $130 Million USD

Industry: Politics, Agriculture, Energy
City: Akure South

A politician turned businessman, Hon. Akintemi made early investments in solar energy and mechanized farming. His political influence helped him secure contracts and public-private partnerships across Ondo and Ekiti states. His diversified assets are now worth $130 million USD.

6. Barr. Damilola Fadeyi – $110 Million USD

Industry: Law, Media, Real Estate
City: Akure

Barrister Fadeyi is one of the richest lawyers in Ondo State and the founder of a large media & law conglomerate. His earnings come from corporate law, property development, and investment in digital media platforms. His net worth is estimated at $110 million USD.

7. Pastor Joseph Adetula – $95 Million USD

Industry: Religion, Publishing, Real Estate
City: Akoko

Pastor Adetula leads a large evangelical church with branches across Nigeria, the UK, and the U.S. Apart from ministry, he has investments in publishing, land development, and private schools. His influence spans both spiritual and financial spheres, with a net worth of $95 million USD.

8. Mr. Tayo Owolabi – $87 Million USD

Industry: ICT, Telecom, E-commerce
City: Ondo West

A tech-savvy entrepreneur, Mr. Owolabi built his fortune through early investments in Nigeria’s telecom space and founding a digital service company. He has stakes in mobile infrastructure, e-commerce, and logistics technology startups. His net worth is now $87 million USD.

9. Chief Remi Adesina – $72 Million USD

Industry: Timber, Export, Agriculture
City: Okitipupa

Chief Remi Adesina controls a large portion of Ondo’s timber export and palm oil trade. His agricultural holdings stretch across Ondo South, and he exports to Asia and Europe. Despite keeping a low profile, he ranks among the richest with $72 million USD in estimated wealth.

10. Engr. Seyi Adefarati – $64 Million USD

Industry: Power, Manufacturing, Engineering Services
City: Akure North

Engr. Adefarati runs a power equipment and manufacturing firm that services rural electrification projects across Nigeria. His factories produce transformers, solar panels, and electrical components. With both federal and international contracts, his estimated net worth is $64 million USD.

Summary Table: Top 10 Richest Men in Ondo State 2025

Frequently Asked Questions (FAQs)

1. Who is the richest man in Ondo State in 2025?
Chief Akintoye Akinlade, with an estimated net worth of $480 million USD.

2. What are the major industries in Ondo State?
Oil and gas, agriculture, real estate, construction, ICT, and power generation.

3. How do most Ondo billionaires make their money?
Through real estate development, oil servicing, agribusiness, telecom, and public-private partnerships.

4. Are there tech entrepreneurs among Ondo’s richest men?
Yes. Mr. Tayo Owolabi is a tech and telecom investor worth $87 million.

5. Is there any politician among the top 10 richest men?
Yes. Hon. Tunde Akintemi has leveraged political and business interests to grow his net worth to $130 million USD.

Conclusion

The Top 10 richest men in Ondo State in 2025 reflect the state’s economic diversity—ranging from oil and agriculture to law, technology, and infrastructure. Leading the list is Chief Akintoye Akinlade with an impressive $480 million USD fortune. These men represent not only financial power but also influence, impact, and regional leadership. As Ondo continues to develop, their net worths are expected to grow, along with the state’s contribution to Nigeria’s economy.