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Top 9 Richest Men in Ogun State & Net Worth

on a quest for the Top 9 Richest Men in Ogun State & Net Worth?

Ogun State, located in southwestern Nigeria, has emerged as a hub of economic growth and prosperity. The state, which derives its name from the Ogun River, has a population of over six million people and encompasses diverse ethnic groups, including the Yoruba, Egba, and Awori. The state boasts a vibrant business environment, attracting successful entrepreneurs and visionary leaders.

Richest Men In Ogun State & Net Worth

This article explores the richest men in Ogun State, highlighting their remarkable achievements and providing insights into their net worth, which solidifies their prominent positions in the region’s business landscape.

Richest Men In Ogun State

  • Mike Adenuga
  • Olusegun Obasanjo
  • Olusegun Adebutsu Kesington
  • Michael Olasubomi Balogun
  • Tajudeen Afolabi Adeola
  • Oba Otudeko
  • Ibikunle Amosun
  • Sulaiman Adebola Adegunwa
  • Dapo Abiodun

1.Mike Adenuga


Mike Adenuga, a prominent Nigerian business magnate and philanthropist, has carved a significant niche for himself in various industries. He is the founder of Globacom, a leading telecommunications company in Nigeria, and Conoil, an indigenous oil exploration and production firm. Mike Adenuga’s estimated net worth of $11.5 billion reflects his exceptional entrepreneurial prowess and places him among the wealthiest individuals not only in Ogun State but in Nigeria as a whole.

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2. Olusegun Obasanjo


Olusegun Obasanjo, the former President of Nigeria, has transitioned from politics to becoming a successful businessman. His entrepreneurial ventures include investments in agriculture and consulting. Olusegun Obasanjo’s approximate net worth of $1.8 billion showcases his continued influence and wealth accumulation, solidifying his place among the richest men in Ogun State.

3. Olusegun Adebutsu Kesington


Olusegun Adebutsu Kesington is a prominent figure in Ogun State’s business landscape. With diverse business interests, including real estate and hospitality, he has played a crucial role in the state’s economic development. Olusegun Adebutsu Kesington’s net worth of $1.3 billion exemplifies his financial success and his significant contributions to the region.

4. Michael Olasubomi Balogun


Michael Olasubomi Balogun is a renowned banker and entrepreneur, known for his contributions to the Nigerian banking sector. He is the founder of First City Monument Bank (FCMB), one of the country’s leading financial institutions. With an estimated net worth of $1 billion, Michael Olasubomi Balogun stands among the wealthiest individuals in Ogun State, reflecting his successful career and entrepreneurial ventures.

5. Tajudeen Afolabi Adeola


Tajudeen Afolabi Adeola has made significant strides in the Nigerian business landscape, particularly in banking and finance. His entrepreneurial pursuits have left an indelible mark on Ogun State’s economy. With an approximate net worth of $900 million, Tajudeen Afolabi Adeola solidifies his status as one of the richest men in the state, showcasing his financial success and influence.

6. Oba Otudeko


Oba Otudeko, a respected business mogul and philanthropist, has made notable contributions to various sectors, including telecommunications and manufacturing. His entrepreneurial acumen has propelled him to great heights, resulting in an estimated net worth of $650 million. Oba Otudeko’s wealth underscores his influence and success as one of the wealthiest individuals in Ogun State.

7. Ibikunle Amosun


Ibikunle Amosun, known for his political career as a former governor of Ogun State, has also made significant strides in the business and entrepreneurship spheres. His involvement in the construction and infrastructure sectors has contributed to the state’s economic development. With an approximate net worth of $500 million, Ibikunle Amosun solidifies his stature as one of the richest men in Ogun State, underscoring his financial success and influence.

8. Sulaiman Adebola Adegunwa


Sulaiman Adebola Adegunwa is an esteemed entrepreneur who has played a crucial role in Ogun State’s economic growth. His ventures in the manufacturing and agricultural sectors have been instrumental in creating job opportunities and contributing to the region’s prosperity. With a net worth of approximately $400 million, Sulaiman Adebola Adegunwa’s wealth underscores his success and recognition as one of the wealthiest individuals in Ogun State.

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9. Dapo Abiodun


Dapo Abiodun, a prominent businessman and politician, has made significant contributions to Ogun State’s economic landscape. Known for his ventures in oil and gas and real estate, Dapo Abiodun has demonstrated remarkable entrepreneurial skills and a commitment to development. With an estimated net worth of $350 million, he solidifies his position among the wealthiest individuals in the state.


The wealth of these exceptional individuals demonstrates the dynamism and entrepreneurial spirit that thrives in Ogun State. Each of these wealthy men has made significant contributions to the state’s economy, job creation, and overall development. Their success stories inspire aspiring entrepreneurs and highlight the immense opportunities available in Ogun State.

Moreover, the wealth accumulated by Olusegun Adebutsu Kesington, Michael Olasubomi Balogun, Tajudeen Afolabi Adeola, Oba Otudeko, Ibikunle Amosun, Sulaiman Adebola Adegunwa, and Dapo Abiodun highlights their significant contributions to Ogun State’s economic growth and prosperity. Their success serves as an inspiration for the younger generation and underscores the potential for wealth creation and entrepreneurial success within the state.

As these wealthy individuals continue to thrive and expand their businesses, they also contribute to the philanthropic landscape of Ogun State, supporting various initiatives that uplift communities and promote sustainable development.

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Faith Oluwa

Faith is a content and creative writer with a passion for storytelling and a natural flair for compelling content who is bursting with talent and ready to make her mark in the world of writing. She has all the skills necessary to succeed in this competitive field.View Author posts