Top 10 Richest Politicians In Rivers State

Let’s face it—when it comes to wealth and power in Nigeria, Rivers State is not sitting on the bench. With oil flowing like palm wine and politics heating up like Port Harcourt afternoon sun, the state has produced some seriously rich politicians. And I’m not talking about those who just wear agbada for photo ops—I mean real power players. These men have climbed the political ladder, used their offices wisely (read: strategically), and built empires that rival those of corporate CEOs.

Now, before we begin, let me clear the air: No ghosts on this list, no “used to be’s” who didn’t hold political office in Rivers, and definitely no politicians borrowed from other states. We’re sticking to living, native, office-holding politicians from Rivers State. If you don’t see your favorite name here, check your state of origin and ask them how come they never held an office back home.

Let’s dive into the high table of Rivers State politics and wealth.

1. Nyesom Wike – The Bulldozer of Power and Properties

• Net Worth: Estimated at over $500 million

• Past Roles: Executive Chairman of Obio-Akpor LGA, Chief of Staff, Minister of State for Education, Governor of Rivers State (2015–2023), Minister of FCT (2023–Present)

Wike doesn’t need an introduction. This man entered Rivers politics like someone who knew the Wi-Fi password already. From his LGA days to being governor for eight solid years, and now controlling the Federal Capital Territory, Wike has built wealth that mirrors his influence. Rumor has it, if you throw a stone in any major city in Nigeria, you might hit a building linked to him. Real estate, construction contracts, political clout—you name it, he’s in it.

2. Rotimi Amaechi – The Transport Tycoon in Politics

• Net Worth: Around $300 million

• Past Roles: Speaker of the Rivers State House of Assembly, Governor (2007–2015), Minister of Transportation (2015–2022)

If politics had a frequent flier reward system, Amaechi would be platinum level. He ran the state, moved on to run national transport, and somewhere in between, found time to make a lot of money. From massive railway projects to strategic investments in logistics and infrastructure, Amaechi knows how to convert a budget into a business plan.

3. Dumo Lulu-Briggs – The Business Brain with Political Muscles

• Net Worth: Estimated over $400 million

• Political Involvement: Governorship aspirant, influential party member, former National Assembly contender

Dumo may not have won the governorship, but let’s just say he didn’t leave empty-handed. As the heir to the O.B. Lulu-Briggs empire, he took oil money and multiplied it. But he didn’t stop there—he's an astute businessman and political player. With oil servicing firms, marine logistics, and power sector interests, this man doesn’t just campaign—he cashes out.

4. Felix Obuah – The Man Behind Waste, Wealth, and Wardrobe Goals

• Net Worth: Estimated at $200–250 million

• Past Roles: PDP Chairman in Rivers State, Sole Administrator of RIWAMA

If you’ve lived in Port Harcourt for more than five minutes, you’ve heard of Felix Obuah. Known as "Go Round", he combines flamboyant fashion with heavyweight business deals. His property empire is no joke. Hotels, event centers, waste management contracts—Obuah has turned “PDP chairman” into a proper business portfolio.

5. Dakuku Peterside – The Maritime Money Maker

• Net Worth: Estimated $50–100 million

• Past Roles: DG of NIMASA, House of Reps Member (Andoni/Opobo–Nkoro)

This guy knows how to make waves—literally. During his time at NIMASA, he sailed into serious wealth through Nigeria’s maritime sector. Shipping, marine logistics, port operations—you name it, he’s navigated it. Add political visibility to the mix, and you have a man who understands both the sea and the senate.

6. Ibibia Walter – Commissioner with Contracts

• Net Worth: Estimated at $50 million

• Past Roles: Commissioner for Water Resources and Transport, PDP Secretary, former LGA Chairman

A geologist by profession, Ibibia decided to dig up his own kind of treasure. As Commissioner for Water Resources and later Transport, he positioned himself at the crossroads of contracts and policy. He’s got hands in logistics companies, water infrastructure, and engineering firms. Think of him as the silent investor behind big public projects.

7. Olaka Nwogu – The Senator Who Became a Hotelier

• Net Worth: $30–60 million

• Past Roles: Member, House of Reps (1999–2011), Senator (2015), former LGA Chairman (Eleme)

You might walk into Landmark Hotel in D-Line PH and not realize you're literally standing on legislative legacy. Olaka used his time in the National Assembly wisely—investing in hospitality, construction, and political consultancy. His businesses now serve politicians he once served with.

8. Anthony Emmanuel Nted – The Oil Union General

• Net Worth: Estimated at $30 million

• Political/Union Role: Ex-President of Maritime Workers Union, political influencer in the state

Some politicians chase power, Anthony Nted commanded it from within. His leadership in the powerful Maritime Workers Union earned him both wealth and respect. With connections in marine contracting and influence across the oil and gas corridors, Nted is a kingmaker in steel-toed boots.

9. Magnus Abe – Calm Face, Calculated Moves

• Net Worth: $25–40 million

• Past Roles: Senator (Rivers South-East), Commissioner for Information and Energy, Reps Member

Abe may not shout, but his wallet surely does. While others chase press coverage, Abe quietly builds influence and investments. He’s got stakes in consultancy, real estate, and oil-related businesses. The guy’s political tactics are like chess—and he knows how to checkmate both opposition and poverty.

10. Ogbonna Nwuke – The Publisher with Political Proof

• Net Worth: $20–30 million

• Past Roles: Commissioner of Information, Member House of Reps (Etche/Omuma)

You know that phrase “information is power”? Ogbonna made it into a paycheck. As a journalist-turned-politician, he used his media house—Port Harcourt Telegraph—to boost his political relevance. Over the years, his earnings have come from media strategy contracts, PR, and small-scale publishing royalties.

📊 Quick Summary Table

🏁 Final Thoughts

If there's one thing Rivers State does well, it's producing powerful politicians who know how to turn public service into personal success. But don’t get it twisted—these guys didn’t just stumble into wealth. They played the game, learned the rules, and capitalized on every opportunity.

So, next time you see one of these names on the ballot or in the news, remember—they’re not just politicians. They’re business strategists, media moguls, union generals, and behind-the-scenes bosses. And they all have one thing in common: they know how to make money work for them.

Stay tuned—next up might just be the richest first ladies of Rivers State… You never know!