Are you searching for the list of billionaires from each Yoruba state in Nigeria in 2025? You’re not alone. Millions of Nigerians want to know the wealthiest sons and daughters of Yoruba land, how they made their money, and where they hail from.
This article provides a state-by-state breakdown of the richest Yoruba billionaires in Nigeria, covering:
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Their estimated net worth
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Primary industry or source of wealth
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Town and state of origin
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Notable achievements and companies
Whether you’re from Lagos, Ogun, Oyo, Osun, Ondo, or Ekiti — this guide highlights successful Yoruba individuals who have built massive wealth across Nigeria and beyond.
Billionaires from Lagos State
Lagos, Nigeria’s commercial capital, is not just home to wealth — it has also produced some of Nigeria’s most iconic billionaires.
Top Billionaires from Lagos:
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Femi Otedola
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Net Worth: $1.2 billion+
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Industry: Energy, Finance
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Town: Epe, Lagos State
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Former Forte Oil boss, now investing heavily in power and finance, including Geregu Power.
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Mike Adenuga (Though born in Ibadan, his business roots run deep in Lagos)
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Net Worth: $6.2 billion
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Industry: Telecom (Glo), Oil (Conoil)
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Headquarters: Victoria Island, Lagos
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Second richest man in Nigeria.
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Tayo Ayeni
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Net Worth: $400 million
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Industry: Auto, Real Estate
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Origin: Lagos Island
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CEO of Skymit Motors and luxury real estate developer.
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Billionaires from Ogun State
Ogun, the industrial capital of Nigeria, has produced business moguls in finance, politics, and education.
Top Billionaires from Ogun:
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Otunba Subomi Balogun (Late)
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Legacy Net Worth: $1 billion+
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Industry: Banking
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Town: Ijebu-Ode
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Founder of First City Monument Bank (FCMB).
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Oba Otudeko
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Net Worth: $500 million – $700 million
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Industry: Conglomerate (Honeywell Group)
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Town: Ota
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Major investor in food, real estate, and energy.
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Dr. Yemi Dipeolu
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Net Worth: $200 million+
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Industry: Construction, Engineering
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Town: Abeokuta
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Founder of a leading engineering firm in Nigeria.
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Billionaires from Oyo State
Oyo State, with Ibadan as a center of academia and commerce, is home to influential billionaires in tech, agriculture, and politics.
Top Billionaires from Oyo:
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Dele Fajemirokun
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Net Worth: $600 million
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Industry: Insurance, Telecom
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Town: Ibadan
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Chairman of AIICO Insurance and early investor in telecom and maritime sectors.
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Kola Daisi (via family fortune)
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Net Worth: $300 million+
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Industry: Fashion Retail, Real Estate
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Town: Ibadan
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Runs luxury fashion and investment business, son of a wealthy Ibadan politician.
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Chief Adebayo Adelabu
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Net Worth: $150 million+
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Industry: Finance
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Town: Ibadan
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Former Deputy Governor of CBN and Minister of Power.
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Billionaires from Osun State
Osun State has produced wealthy businessmen in mining, religion, construction, and education.
Top Billionaires from Osun:
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Dr. Deji Adeleke
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Net Worth: $1.1 billion+
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Industry: Real Estate, Education
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Town: Ede
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Founder of Adeleke University and father of music star Davido.
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Dr. Rahmon Adedoyin
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Net Worth: $200 million+
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Industry: Education, Hospitality
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Town: Ile-Ife
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Founder of Oduduwa University and The Polytechnic, Ile-Ife.
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Oba Gabriel Akinruntan (Olugbo of Ugbo Kingdom)
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Net Worth: $300 million
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Industry: Oil (Obat Petroleum)
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Town: Though based in Ondo, he has deep Yoruba royal roots linked to Osun.
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Billionaires from Ondo State
Ondo is rich in oil and education and has produced billionaires in petroleum, real estate, and public service.
Top Billionaires from Ondo:
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Jimoh Ibrahim
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Net Worth: $1 billion
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Industry: Oil, Media, Insurance
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Town: Igbotako
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Owner of NICON, Global Fleet, and former newspaper mogul.
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Dr. Tunde Ayeni
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Net Worth: $800 million+
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Industry: Power, Telecom, Banking
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Town: Owo
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Former chairman of Skye Bank and investor in telecoms and energy.
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Ifedayo Akintunde (Young Investor)
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Net Worth: $150 million
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Industry: Real Estate and Fintech
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Town: Akure
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Fast-rising name among Ondo's new generation billionaires.
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Billionaires from Ekiti State
Though smaller in landmass, Ekiti has produced billionaires in law, tech, education, and international business.
Top Billionaires from Ekiti:
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Afe Babalola (SAN)
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Net Worth: $700 million
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Industry: Law, Education
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Town: Ado-Ekiti
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Founder of Afe Babalola University (ABUAD), one of Nigeria’s best private universities.
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Segun Oni (Former Governor)
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Net Worth: $200 million+
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Industry: Politics, Business
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Town: Ifaki-Ekiti
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Combines political experience with private business interests.
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Kayode Fayemi
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Net Worth: $300 million
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Industry: Politics, Consultancy
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Town: Isan-Ekiti
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Former Minister and Governor with global policy consulting links.
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Summary Table: Yoruba State Billionaire Breakdown (2025)
| State | Top Billionaires | Estimated Net Worth (₦) | Industries |
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| Lagos | Femi Otedola, Mike Adenuga, Tayo Ayeni | ₦600bn+ | Oil, Finance, Telecom, Real Estate |
| Ogun | Subomi Balogun, Oba Otudeko | ₦400bn+ | Banking, Conglomerates |
| Oyo | Dele Fajemirokun, Kola Daisi | ₦350bn+ | Insurance, Commerce |
| Osun | Deji Adeleke, Rahmon Adedoyin | ₦400bn+ | Education, Real Estate |
| Ondo | Jimoh Ibrahim, Tunde Ayeni | ₦500bn+ | Oil, Banking, Media |
| Ekiti | Afe Babalola, Segun Oni | ₦300bn+ | Law, Education, Consulting |
FAQs – Yoruba Billionaires in Nigeria (2025)
Who is the richest Yoruba billionaire in 2025?
Mike Adenuga, although born in Ibadan, with deep roots in Yoruba land, is Nigeria’s second richest man with an estimated net worth of $6.2 billion.
Which Yoruba state has the highest number of billionaires?
Lagos has the highest concentration, followed by Ogun and Ondo due to industry and oil wealth.
Are there Yoruba female billionaires?
Yes, Folorunsho Alakija (Lagos) is a well-known billionaire in oil and fashion, though she focuses on philanthropy in recent years.
How do most Yoruba billionaires make their money?
Oil, finance, real estate, education, telecom, and manufacturing are top wealth sources.
Do these billionaires invest in Yoruba land?
Yes, many have universities, real estate, and factories across Yoruba states.
Final Thoughts: List of Billionaires from Each Yoruba State in Nigeria (2025)
The list of billionaires from each Yoruba state in Nigeria in 2025 reveals the strength of enterprise, education, and investment culture in the region. From Lagos to Ekiti, these individuals built wealth through bold moves in oil, banking, telecom, law, and education.
Their stories show that Yoruba land is not just rich in culture — it’s rich in opportunity.
If you’re dreaming of joining this list someday, take inspiration from these names and their journeys.