Top 10 Richest Man in Yoruba land and Their Net Worth
Do you want to know who the top ten richest Yoruba men in Nigeria are in 2022? You can be sure to find them down below.
Let me quickly tell you about the Yoruba people in Nigeria in case you don’t know much about them.
Nigeria is a multiethnic country, and the Yorubas are proud to be one of them. The Yorubas are the second most populous ethnic group in Nigeria, after the Hausas, with the Igbos coming in third.
Yorubas are widely found in the western part of Nigeria, and the Yorubas’ homeland was said to be in western Africa.
Yorubas, like Igbos, enjoy business, though not as much as Igbos. The Yoruba people are wonderful because they are friendly and caring. You won’t be surprised to learn that the majority of Nigeria’s richest Yoruba men are philanthropists.
Yoruba people are known for their hard work, which has allowed the top ten richest Yoruba men in Nigeria to be the topic of the day.
How about we start with knowing the richest Yoruba man in Nigeria before moving to the complete list of the top 10 richest Yoruba men in Nigeria, as you would come across below.
List of Top 10 Richest Yoruba Men in Nigeria
The Top 10 Richest Yoruba Men in Nigeria are detailed in descending order below, including their net worth.
10. Afolabi Adeola – ($83 Million)
Afolabi Adeola is the 10th richest Yoruba man in Nigeria, with an estimated net worth of $83 million, according to this list of the top 10 richest Yoruba men in Nigeria 2022.
He is a Nigerian investor and entrepreneur.
Afolabi Adeola is the co-founder and managing director of Guaranty Trust Bank, a well-known Nigerian bank (GTB). He is also the founder and chairman of the FATE Foundation.
Afolabi Adeola, 67, was born in Nigeria on January 10, 1954.
He has a long list of accomplishments, including being the first Chairman of the National Pension Commission, Director of UTC Plc, and many others.
9. Chief Michael Ade Ojo – ($200+ Million)
Chief Michael Ade Ojo, one of Nigeria’s richest Yoruba men, has a net worth of $200 million.
Chief Michael Ade Ojo’s net worth isn’t as precise as the others; this is because Michael Ade Ojo has kept his net worth on the low-key, making it difficult to ascertain his actual net worth; however, based on extensive research, his net worth ranges from $200 Million.
Elizade Motors Limited’s CEO, Chief Michael Ade Ojo, is a businessman. He is also the owner of Elizade University, which is located in Ondo State, Nigeria.
8. Oba Obateru Akinrutan – ($300 Million)
Oba Obateru Akinrutan is a King, but he is still a Yoruba man and, to be more polite, a Yoruba king, which is why he is included in this list of the top ten richest Yoruba men in Nigeria.
With a net worth of $300 million, he is Nigeria’s eighth richest Yoruba man.
The king of Ugbo, Ondo State, is Oba Obateru Akinrutan. He is also a businessman in Nigeria, having founded Obat Petroleum, one of the best private oil trading companies in the country.
Oba Obateru Akinrutan was born in 1950 in Ugbo Kingdom, Ondo State, Nigeria.
7. Dele Fajemirokun – ($500 Million)
Dele Fajimirokun is ranked 7th on the list of the top ten richest Yoruba Origin in Nigeria, with an estimated net worth of $500 million.
He is a well-known businessman in Nigeria and the chairman of Alico Insurance, a Nigerian insurance company. Also, he is the Chief Executive Officer and chairman of Henry Stephens Group or XHS Nig. Ltd.
Oladele Fajemirokun was born on April 16, 1950 in Ondo State, Nigeria.
Dele Fajemirokun attended Gboluji Grammar School, Ondo State, Nigeria and graduated from Obafemi Awolowo University, Nigeria for his B.Sc. degree in Business Economics.
6. Samuel Adedoyin – ($540 Million)
Samuel Adedoyin, the sixth richest Yoruba man in Nigeria, has an estimated net worth of $540 million.
The Doyin Group of Companies was founded by Chief Samuel Adedoyin, an industrialist and entrepreneur. The Doyin Group exports products such as seeds, ginger, cashew nuts, and many others.
Samuel Adedoyin was born in Agbamu, Kwara State, Nigeria on December 4, 1935.
Chief Samuel Adedoyin, also known as Prince Samuel Adedoyin, has committed himself to a variety of charitable activities and makes numerous donations each year. Smauel Adeodoyin was educated at Saint Paul Primary School in Agbamu, Kwara State, Nigeria.
5. Oba Otundeko – ($650 Million)
Oba Otundeko is a well-known businessman in Nigeria. He is the fifth richest Yoruba man in Nigeria 2022, according to this list of the top ten richest Yoruba men.
Have you ever come across Honeywell noodles? As the founder and chairman of Honeywell Group, he is responsible for such output.
Oba Otundeko holds a Bachelor of Arts and Sciences degree from Leeds College of Commerce and a doctorate degree from Olabisi Onabanjo University.
He was also the founder of the Oba Otundeko Foundation and the former chairman of FBN Holdings.
He was born in Ibadan, Oyo State, Nigeria on August 18, 1943.
4. TUNDE FOLAWIYO – Net Worth $650 million
Tunde Folawiyo is one of Nigeria’s wealthiest Yoruba men.
He is a well-known businessman in Nigeria and the fifth richest Yoruba man in the country. His net worth is thought to be $650 million.
Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, which specializes in shipping, agriculture, real estate, energy, and other business aspects.
He was born in Lagos State, Nigeria, on April 12, 1960. His father, (Late) Wahab Iyanda Folawiyo, was a well-known businessman and one of the wealthiest Yoruba men in Nigeria during his lifetime.
Tunde Folawiyo attended the London School of Economics and Political Science as well as the University College London.
3. JIMOH IBRAHIM – Net Worth- $1 billion
With an estimated net worth of $1.1 billion, Jimoh Ibrahim is the third richest Yoruba man in Nigeria in 2022.
In Nigeria, he is a politician, businessman, and lawyer. Jimoh Ibrahim is also regarded as a philanthropist because he contributes significantly to making Nigeria a better place for the less fortunate.
On February 24, 1967, he was born in Ondo State, Nigeria.
Global Fleet Group’s Chairman and Chief Executive Officer is Jimoh Ibrahim. He is also the founder and owner of NICON Investment Ltd. Furthermore, Jimoh Ibrahim was previously the chairman of the Corporate Affairs Commission.
He received his education degrees from four different universities and schools: Obafemi Awolowo University, Harvard Law School, the University of Cambridge, and Oxford University.
2. FEMI OTEDOLA – Net Worth- $1.9 billion.
Femi Otedola, Nigeria’s second richest Yoruba man, is worth $1.85 billion.
Femi Otedola is a businessman and investor who founded Zenon Petroleum and Gas Ltd, a fuel marketing and distribution company in Nigeria.
He was the former owner and chairman of Forte Oil Plc before selling it to focus on another business venture.
Femi Otedola was born in Ibadan, Oyo State, Nigeria on November 4, 1962. In case you didn’t know, Femi Otedola is the father of DJ Cuppy, a popular Nigerian female disc jockey.
He graduated from Obafemi Awolowo University in Nigeria after attending Olivet Baptist High School in Oyo. Nana Otedola is the wife of Femi Otedola.
1. MIKE ADENUGA – Net Worth- $7.2 billion.
Mike Adenuga, also known as Chief Michael Adeniyi Adenuga Jr, is Nigeria’s richest Yoruba man, with a net worth of $7.2 billion.
He is a well-known businessman and investor in Nigeria. Mike Adenuga is the founder of Gblobacom, Nigeria’s second-largest telecommunications operator. Globacom is Nigeria’s largest indigenous telecommunications operator.
Globacom Limited, his company, operates in Nigeria, Ghana, Benin Republic, and other countries.
Chief Mike Adenuga is Nigeria’s second richest man, and he built his fortune in oil and gas production as the chairman of Conoil.
Mike Adenuga was born on April 29, 1953 in Ibadan, Oyo State, Nigeria.
Who is the Richest Yoruba Man in Nigeria?
Mike Adenuga is the richest Yoruba man in Nigeria with an outstanding net worth of $7.2 Billion.
He is the CEO of Globacom, a very popular telecommunication company in Nigeria widely known as Glo.
Mike Adenuga attended Ibadan Grammar School for his secondary school education and North Western Oklahoma University where he studied Business Administration.
He also furthered his education at Pace University, New York in pursue for his Master’s degree and graduated as Master of Business Administration.
SUMMARY- Top 10 Richest Yoruba Men in Nigeria
There above you have the list of the top 10 richest Yoruba men in Nigeria.
All these rich Yoruba men are entrepreneurs and another spectacular thing about these richest Yoruba men in Nigeria is that they are all known for their hard works; simply put, hard work pays.
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