Top 10 Richest Politicians In Ondo State

Hello friends! When Ondo State comes up in conversation, most minds wander to lush cocoa farms, coastal breezes, or maybe the names of beloved actors and musicians. But behind that laid-back, sun-drenched charm lies a cadre of native politicians who quietly built serious bank accounts—through governance, investments, and a sprinkle of Nigerian hustle.

This isn’t about showy convoys or Instagram bragging. These are men who held real office in Ondo, didn’t wear their ambition on their sleeves, but still walked away with fortunes bigger than old money. They made strategic decisions—invested in land, infrastructure, education—while serving communities and writing their legacies.

Gather your cup of zobo or kushari, settle in a comfortable corner, and let’s take a ride through the lives (and wealth) of the Top 10 Richest Ondo-born Politicians, all alive and still shaping the state’s future.

1. Dr. Jimoh Ibrahim, SAN – The Billionaire Senator (Ondo South)

Estimated Net Worth: $600 million–$1.1 billion
Offices Held: Senator (2023–), previous gubernatorial aspirant

Where to begin with Jimoh Ibrahim? This Harvard graduate’s portfolio is lengthier than the local highway—Global Fleet oil & gas, aviation, media, insurance, daguerreotype estates—you name it. Once you start listing his side hustles, you lose count: airlines, hotels, power supplies, digital platforms, even telecom. And yes, he put all that into motion while running for office, becoming Senator in 2023.

Ibrahim is a living example of “investing before politics pays.” By the time he declared interest in public office, his wealth was already his armor—and it continues to grow. He's evidence that in Nigeria, fortune favors not just the bold, but the prepared.

2. Rotimi Akeredolu, SAN – The No-Nonsense Lawyer Turned Governor

Estimated Net Worth: $400–500 million
Offices Held: Governor of Ondo State (2017–2021)

Ask any Ondo native what Akeredolu stands for, and expect an enthusiastic response. He’s that senior lawyer who fought cases, built an empire in real estate, and then stepped into the State House in deep agbada. Between his campus activism in law school and sharp real estate acquisitions, his political career was the icing on a very rich cake.

He was never the type to flash his mansion or collection of cars—yet those assets quietly stacked up in the background. His type: influence without the hype.

3. Chief Tayo Alasoadura – The Financial Bulldog in Politics

Estimated Net Worth: ~$300 million
Offices Held: Finance Commissioner, Ondo (1999–2003); Minister of State, Niger Delta; Senator (Ondo North, 2015–2019)

Tayo’s story is a textbook of longevity and smarts. Chartered accountant first—a straight track laid before entering politics. As Finance Commissioner, he saw state budgets up close. Later, he wore ministerial shoes and took a Senate seat. All this while wisely investing in property and infrastructure development.

Some people wait two decades to build their lives. Tayo went from accountant to CBN board rooms, to ministerial slots—that's discipline and foresight in motion.

4. Prince Abayomi Akinruntan – The Young Assembly Icon with Oily Roots

Estimated Net Worth: Mid to high hundreds of millions
Offices Held: Deputy Speaker, Ondo State House of Assembly (current)

Still early in his career, Prince Abayomi leverages his family’s oil industry legacy (Obat Group) while shaping policy from the Assembly floor. What sets him apart is that he combined family capital with personal ambition—investing in hospitality, fabrics, and education—while still a legislator.

He’s an example of the next generation: young, disruptive, but strategic—and stocked with both wealth and influence already.

5. Chief Olusola Oke – The Veteran Politico-Developer

Estimated Net Worth: Around $300–500 million
Offices Held: Senator (2007–2011); multiple-time gubernatorial candidate

Oke’s always been a political presence—he’s run for governor, served in the Senate, and continued to shape Ondo’s destiny. Through that, he invested in real estate, boutique hotels, and institutional projects. It’s hard to miss the infrastructure that carries his name across Ondo.

He didn’t just make money; he made it visible—and made sure it added value to his home state.

6. Patrick Ayo Akinyelure – The Banker Who Went to Abuja

Estimated Net Worth: Mid-seven figures (~$10–30 million)
Offices Held: Senator (2015–2019, 2023–)

Before holding the Senate seat, he was busy building a microfinancing empire. He then blended that financial acumen with governance, making smart investments in real estate and local business. He’s the economist at the lectern, speaking both number and nuance.

He’s not the richest, but he’s a modern thinker with wealth grounded in expertise, not inheritance.

7. Olajide Ipinsagba Emmanuel – The Technocrat Shaping Infrastructure

Estimated Net Worth: Growing (mid-high seven figures)
Offices Held: Senator (2023–), former adviser on industrialization to the state

Ipinsagba came with papers, plans, and pipes. A surveyor-turned-policy guru, he advised and invested in critical infrastructure—housing estates, public utilities, pipelines. Now as Senator, he’s consolidating influence with land and contracts.

His wealth may not grab headlines, but that’s the point: growth without glow—quiet, consistent.

8. Hon. Abiola Makinde – The Empowerment King from Koko Area

Estimated Net Worth: Mid-seven figures
Offices Held: Member, House of Representatives (Ondo East/West, 2019–2023)

Makinde is proof that political wealth isn’t restricted to Abuja or Ondo Town. He’s grassroots all the way—funding skills programs, agricultural startups, and local industries, especially bamboo and cashew. And as his community grows, so does his investment portfolio.

It’s patience and passion in action—and with each empowerment, his wealth quietly ripens.

9. Uzomah Victor (popularly called Vicky Uzomah) – The Young Wildcard

Estimated Net Worth: Low-seven figures rising
Offices Held: House of Assembly member (current candidate)

Uzomah is newer on the scene, but already making waves. A tech-savvy entrepreneur and philanthropist, he’s building from scratch—with land deals, digital platforms, and local approvals along the way. When politicians work smart and local, they can grow big—and fast.

He’s not on the billion-naira list yet—but give it a couple terms, and he might be.

10. Bode Ayorinde – The University Builder with Legislative Credentials

Estimated Net Worth: ~$180 million
Offices Held: House of Representatives, Founder of Achievers University, past Commissioner for Housing

Ayorinde took over from being commissioner to founding a university. His moves scream “legacy entrepreneur.” Real estate plus human capital—an education tycoon with a law and political background.

He built schools, he built communities—and he built balance sheets while serving.

Honorable Mentions: Rising, Returning, or Reshaping

• Hon. Dennis Idahosa – Former House member focusing on agritech.

• Hon. Oluwole Oshopey – Tech entrepreneur now in local politics.

• Hon. Folorunsho Olabode – Financial committee head with banking roots.

What Sets These Men Apart

1. Born in Ondo, Worked for Ondo – They held real office in state, not just as federal appointees.

2. Silence Over Showmanship – Building quietly, letting assets speak.

3. Diversify or Die – Real estate, education, land, finance, all wrapped into portfolios.

4. Learned Before Earning – Many have backgrounds in law, finance, surveys, or tech.

5. Legacy Over Lambo – Building something that outlives them—and helps their communities.

Final Thoughts: Building Wealth the Ondo Way

So, what did we learn from Ondo’s richest politicians?

That politics isn’t the paycheck—it’s the platform. Each man took public office not just to serve, but to build—investing in property, community projects, education, energy. And they didn’t showboat—many of their investments don’t come with flashy convoys, that’s for sure.

Would you swap your nine-to-five for public office? Maybe. But take each man here’s blueprint: start with skill, follow with strategy, serve with consistency—and wealth might just chase you.

Over To You!

Who do you think will climb this ladder next? Is there someone we missed—maybe a future Governor or Assembly member quietly stacking assets? Drop their name in the comments. Let’s keep tracking the wealth builders of Ondo State!