Top 10 Richest People in Ogun State & Net Worth (2024)

Ogun state is one of the richest in Nigeria, and it is home to a large number of wealthy people. The majority of the state’s top wealthy men are billionaires, and Forbes ranks them among Nigeria’s wealthiest persons. Ogun is the second-most industrialized state in Nigeria, with a population of almost 3 million people. The state’s close proximity to Lagos, the country’s commercial center, plays a significant role in this.

Ogun also features a number of industrial sectors that have generated significant revenue for the state and the country in recent years. The state of Ogun is also endowed with a plethora of natural and human resources. The top ten richest men in Ogun state are given here, along with their current net worth.


The following is a list of the richest men in Ogun state. These are the people who have the most state-owned assets and investments.


Mike Adenuga is unquestionably the wealthiest man in Ogun State and Nigeria. He is frequently listed among Forbes’ billionaires.

Mike is a businessman that controls Globacom, Nigeria’s largest indigenous telecommunications company, as well as Conoil, one of the country’s leading downstream oil and gas enterprises. He has a varied investment portfolio.

The Nigerian business magnate is originally from Ogun State, having been born in Oyo State and currently residing in Lagos. The billionaire studied business administration at Pace University, which is located in New York, USA. He is Africa’s third-richest person, with a net worth of $6.1 billion.


Olusegun Obasanjo is a former Nigerian president and politician. The former president is well-known in the state and around the country. He is one of the most influential people in the country’s southwest. He was also Nigeria’s former military ruler.

Olusegun Obasanjo is a full-time farmer who owns Otta Farm in Abeokuta, Ogun state’s capital. He has a variety of different investments through which he generates revenue. Obasanjo is one of Ogun State’s wealthiest men, with a net worth of $350 million.


Olusegun Adebutu is a multibillionaire with a fortune in excess of $900 million. He has a degree in Economics from the University of Ibadan. He is a business magnate, entrepreneur, and commercial magnate with interests in entertainment, shipping, agriculture, oil and gas, transportation, and real estate. He is establishing the second-largest petroleum refinery in Sub-Saharan Africa with Petrolex oil and gas, his oil and gas company.

Adebutu is currently one of Ogun State’s wealthiest persons. He has a number of high-end autos, residences, land, and other investments in Nigeria and beyond.


Michael Olasubomi Balogun is a Nigerian businessman who ranks first on our list of Ogun state’s wealthiest men. He has a $700 million net worth. He is one of the richest people in the state.

Balogun was born in Ijebu Ode to Muslim parents, but he converted to Christianity. He is a lawyer who attended the Landon School of Economics. Oba Balogun is regarded as one of Ogun’s most prominent traditional leaders.

Olasubomi Balogun’s garage is said to include a Rolls-Royce collection. He has a fortune in the millions of dollars.


Afolabi Adeola is a millionaire from Ogun State in Nigeria. He is among the top ten richest Yoruba men. He is a businessman and investor who helped establish Guaranty Trust Bank, one of Nigeria’s largest commercial banks. He now has other business interests after leaving the bank.

Afolabi serves as the chairman of several corporations, including UTC, ARM, Lotus Capital, Eterna Oil, and Credit Registry Services. He is the chairman of the company he founded, One Main Cable Company Limited. This group has strived to lift Nigerians out of poverty through its activities and efforts.


Oba Otudeko is a well-known and wealthy Ogun state businessman who lives in Ijebu. Oba Otudeko is the founder and CEO of Honeywell Group. Prior to entering the corporate world, he served on the board of directors of the Nigerian Central Bank. Otudeko is one of Ogun State’s many business magnates. Oba Otudeko has a net worth of $500 million dollars, making him one of the state’s wealthiest men.


Ibikunle Amosun is a well-known politician and former governor of Ogun State.  He served as the state’s former chief executive under the APC and is now a senator representing the Ogun Central senatorial constituency. Ibikunle Amosun is a certified public accountant and Ogun State legislator from Owu, Abeokuta. According to Forbes, the legislator is one of the state’s wealthiest politicians.


Sulaiman Adegunwa’s business record has earned him a seat among the top 50 Nigerian billionaires, according to Forbes. The founder of Eassy Holding Limited is one of Ijebu’s wealthiest people. He was a director at Sterling Bank previously. Alhaji Dr. Sulaiman Adebola Adegunwa, a former photographer, is now a significant participant in Nigeria’s photographic industry. Apart from that, he is a generous philanthropist who leads a modest life. Adegunwa’s net worth is estimated to be $400 million.


The governor of Ogun state, Dapo Abiodun, is also one of the wealthiest people in the state. He is also one of the country’s wealthiest governors. Dapo is a businessman, a former legislator, and the current governor of the state of Nigeria. He was the managing director of Heyden Petroleum before becoming governor of Ogun. He is also the CEO and founder of First Power Limited.


Ogun state is one of the industrial hubs in Nigeria. The state is bordered by Lagos, Nigeria’s industrial and commercial metropolis. Ogun state is endowed with both natural and human resources. Many people from Ogun have achieved greatness in their fields of work and have built a fortune from their professions and careers. This article focused on the top ten among them.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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