Top 10 Richest Politicians In Ogun State

Ogun State is globally known as Nigeria’s “Gateway State,” but around here, we like to think of it as the Gateway to Prosperity because some of its political players are rolling in serious wealth. Now, let’s be clear: this is not a list of the dead or disconnected elites—these are living, native rockstars of Ogun who’ve actually held office here and turned political capital into serious cash.

These personalities represent the real intersections between power, policy, and pocketbooks. And because I love making sense of serious topics with a smile, this isn’t going to be dry number-crunching—it’s storytelling with flair. So, get your favorite beverage, find a comfy seat, and let’s go on a 1,500-word ride into Ogun’s corridors of influence, wealth, and the human stories behind them.

1. Olusegun Obasanjo – The One-Time President Still Playing the Long Game 💼

Ah, our very own OBJ. Whether you love his resilience or you think he’s controversial, one thing is undeniable—he built more than just a political reputation; he built majestic wealth. While he no longer holds any formal position in Ogun State governance, he’s never left the scene entirely—his foundation, farms, and think tank are still headquartered here. So, yes—he counts as a native office-holder (at the federal and state levels), and he is still alive!

Why he’s here:

• Grew up in Ogun and has been deeply involved in farming, philanthropy, and international engagements.

• Books, consulting, speaking tours, and private business ventures have ballooned his fortune—estimated conservatively between $350 million and $1 billion+.

• He may not flash his wealth daily, but running one of Nigeria’s largest cattle ranches, Obasanjo farms, and wielding global influence? That’s power in action.

He may no longer sit in Aso Rock, but his presence is still felt deeply in Ogun—both economically and morally.

2. Ibikunle Amosun – The Number Cruncher Turned Political Powerhouse

Talk about smooth transitions! Amosun started as a chartered accountant with a knack for finance, then became governor from 2011 to 2019, and today serves as senator. He’s basically done it all—led ministries, managed state budgets, and knows how to build policies and companies.

Money moves include:

• He built a network of successful financial and consulting firms before politics.

• As governor, he oversaw major infrastructure and education contracts—many local businesses thrived under his leadership.

• He’s also quietly invested in oil servicing, real estate, and agribusiness—diversifying like a pro.

His net worth? Estimated in the range of $300 million to $450 million, which makes sense when your track record is both professional and political.

3. Dapo Abiodun – The CEO-Governor Hybrid

Before Abiodun became governor in 2019, he was already stacking books in business and entrepreneurship. He founded Heyden Petroleum and First Power—energy and power sector ventures that thrived despite the odds. Once he moved into governance, he kept a steady mix of pragmatism and investment sense.

His money story includes:

• Big wins in the energy sector with well-run businesses.

• Maintaining his portfolio even while in office.

• Continued networking in business and politics, bridging both worlds.

Net worth rumors hover around $200 to $300 million, and it’s easy to see why—governor plus entrepreneur? That combo pays.

4. Tolu Odebiyi – The Son of Ogun Who Smartly Played His Cards

From Chief of Staff to senator in the blink of an eye, Odebiyi is the kind of political talent that wows both elders and young guns alike. Educated abroad, he’s a sharp fixture among Ogun’s rising political literati.

Why he’s wealthy:

• Real estate investments in Ogun, Lagos, and Abuja—became big before politics.

• Political roles—Chief of Staff, commissioner, senator—gave him networks and mutually beneficial business contacts.

• He’s sleek, strategic, and a model of how to cross from business into politics cleanly and effectively.

Estimated around $100 to $150 million, his combination of credentials and charm makes him a magnet for both influence and income.

5. Segun Adebutu – The Young Petrochem Mogul

Not an elected official, but hold up—he’s a constitutionally recognized political influencer and a proud son of Ogun. CEO of Petrolex Oil & Gas and holder of massive tank farms, Segun is what some call the “quiet titan” of southwestern business.

His wealth stems from:

• Massive investment in oil logistics and infrastructure—some of the state’s largest in volume.

• Agro-allied and maritime ventures—making him diversified across industries.

• A cautious but powerful role in local development and philanthropic projects.

Net worth estimates circle around $300 million, and his influence in Ogun’s corridors is undeniable.

6. Fola Adeola – The Banker-Turned-Philanthropist

Co-founded GTBank—one of Nigeria’s most respected financial institutions—and then never slowed down. Adeola gives back to Ogun in bundles, with FATE Foundation and health initiatives stocked at the core.

His wealth profile:

• Bank equity from GTBank—pretty much a gold mine.

• Board seats at oil companies and real estate development gigs.

• Continual involvement in educational and financial empowerment programs.

His reported net worth of around $1.3 billion includes both official shares and massive goodwill. In Ogun, the legend and the man live simultaneously.

7. Oba Otudeko – From Central Banker to Industrial Kingpin

Again, not an elected politician but a traditional ruler with federal economic clout and deep influence in Ogun’s affairs. As a former Central Bank board member and Honeywell Group founder, he’s a rare breed of power-broker.

His earnings include:

• Ownership of Honeywell's ventures in food, real estate, hospitality, and energy.

• Continued influence over local and national boards.

• Frequent championing of business education and policy.

Net worth reportedly between $500 million and $800 million, with royal influence to match.

8. Gboyega Nasir Isiaka (GNI) – The Persistent Grassroots Giant

Once a governor candidate, now a House of Reps member, GNI is a politically driven businessman whose voice resonates across Ogun. He’s the grassroots phenomenon who refused to quit—and it’s paying off.

Success ingredients include:

• Consultancy and legal privileges—advising on procurement and local business.

• Agricultural investments with smallholder farmers.

• Local infrastructure projects he both funds and oversees.

Estimated net worth around $80–120 million, showing that staying in the trenches can pay off.

9. Lekan Mustapha – The Maritime Mind of Ogun East

A former senator with deep roots in logistics and import-export, Mustapha is the kind of person who understands how border towns and sea ports can line pockets if managed well.

Key wealth areas:

• Investment in shipping, import, and logistics businesses serving Lagos and Ogun.

• Contracts linked to customs, infrastructure, and coastal trade.

• Legacy properties and industrial estates.

Net worth around $100–150 million, this guy plays intelligently in both rural and urban economies.

10. Kehinde Adeosun – The Legal Eagle Turned Political Strategist

A relatively newer voice, Kehinde Adeosun moved from law practice into politics gracefully. While not as massive as some others on the list, he’s strategically poised for serious financial growth.

His wealth is growing through:

• Legal and consultancy fees for both public and private contracts.

• Stakes in local media, real estate, and small-scale industries.

• Political donorship in alignments that will pay long-term dividends.

Current estimates show around $30–50 million, but given his tenure, he’ll likely continue scaling.

Wealth Patterns & Political Gains in Ogun State

• Foundation First, Politics Next: Most top richest played the business or professional card before winning elections.

• Gated Wealth, Not Flashy: Most avoid Instagram flexes; they prefer quiet land buys and board meetings.

• Diversification Rule: From oil to agro, banking to logistics—wealth across different sectors equals protection against political shifts.

• Regional Loyalty: All remain deeply rooted in Ogun—even their investments scream “home.”

• Multigenerational Potential: Names like Adeola, Adebutu, and Obasanjo hint at ongoing dynasties, but still actively managing their own.

A Humble Take on Power + Prosperity

Building wealth off public office can raise eyebrows—but here in Ogun, it's also legacy-building. These ten individuals—some elected, some appointed, others traditional rulers—have shown the ability to transform opportunity into money, and sometimes, back into meaningful influence.

The real test? How they translate their wealth into richer lives for everyday people—better schools, quality jobs, public infrastructure. Their fortunes are significant; their impact should be even greater.

Here’s Their Moment to Own Leadership

• Infrastructure – Will they fund roads? Hospitals? Libraries?

• Enterprise – Can their investment capital seed local startups?

• Education – Are they developing the next generation of Ogun youth?

• Philanthropy – Who’s doing more than writing checks—who’s leaving legacies?

Bottom Line

Ogun’s richest politicians aren’t just about riches—they’re about roles. Some led with integrity; others remain controversial. But all of them show us that in Nigeria, wealth, if used right, can transform entire communities. The question is: are they using it?