Have you ever wondered who the richest men in Osun State are? What industries have helped them build their wealth? If you're curious about the powerful individuals shaping the economy of this southwestern state, this post is exactly what you need.
Osun State, located in the heart of Nigeria's southwest, is known for its historical cities like Ile-Ife and Osogbo. While the state is often praised for its culture, art, and education, it is also home to highly influential businessmen, political leaders, and entrepreneurs who have built massive wealth across various sectors like construction, agriculture, education, politics, hospitality, and oil.
In this article, we will take a detailed look at the top 10 richest men in Osun State in 2025, their estimated net worth, and the paths they followed to achieve financial success. If you've been asking questions like: Who is the richest man in Osun State?, What sectors do wealthy men in Osun invest in?, How do Osun billionaires make money?, and What is the major source of wealth in Osun State? then this guide is for you.
Why Study the Richest Men in Osun State?
The richest men in Osun State in 2025 reflect the state’s evolving economy, entrepreneurial spirit, and the importance of strategic investments. Their stories provide real-life examples of how influence, innovation, and dedication can lead to massive financial growth.
Here’s why this ranking matters:
It highlights the business pillars of Osun’s economy.
It shows how legacy, governance, and entrepreneurship can shape wealth.
It helps young people learn from local success stories.
It gives insight into how to grow wealth through diversification and vision.
1. Dr. Deji Adeleke – Billionaire Businessman and Industrialist ($1.2 Billion)
Dr. Deji Adeleke, the elder brother of Governor Ademola Adeleke and father of superstar musician Davido, is the richest man in Osun State in 2025. With an estimated net worth of $1.2 billion, he has interests in education, real estate, oil, and manufacturing.
How He Built His Wealth:
Founder of Adeleke University
Investments in energy, real estate, and education
Business Empire:
Education (Adeleke University)
Real Estate across Nigeria
Oil and Gas investments
2. Senator Ademola Adeleke – Politician and Businessman ($780 Million)
The current Governor of Osun State, Senator Ademola Adeleke, has long-standing business and political influence. Though known for his political career, he has major business holdings passed down through the Adeleke family.
How He Built His Wealth:
Long-standing family business
Investments in real estate and logistics
Business Empire:
Real Estate holdings
Construction
Government-backed projects
3. Dr. Adebisi Akande – Statesman and Investor ($400 Million)
Dr. Adebisi Akande, a former governor of Osun State, is not just a respected politician but also a quiet businessman. His wealth stems from years of investments in agriculture, education, and property.
How He Built His Wealth:
Leveraged political influence for long-term investments
Focus on agriculture and rural development
Business Empire:
Farming and agro-processing
Educational institutions
Land and property assets
4. Senator Iyiola Omisore – Engineer, Politician, and Consultant ($350 Million)
A former Deputy Governor and political heavyweight, Iyiola Omisore is also a successful engineer and businessman. He owns firms in engineering consultancy, oil, and civil works.
How He Built His Wealth:
Founded engineering firms after public service
Strong portfolio in oil and construction
Business Empire:
Civil engineering contracts
Oil and Gas logistics
Property development
5. Prince Olagunsoye Oyinlola – Former Governor and Investor ($310 Million)
Another former governor of Osun State, Prince Oyinlola has deep investments in real estate and agriculture. His political experience opened doors for long-term contracts and state-backed ventures.
How He Built His Wealth:
Political leverage into agricultural and estate investments
Consultancy and public service contracts
Business Empire:
Farming and food production
Estate development
Hospitality industry
6. Dr. Folorunsho Alakija (Ties to Osun State) – Oil Magnate and Philanthropist ($1.5 Billion Globally)
Though her roots extend beyond Osun State, Dr. Alakija’s strong family and business ties in the region cannot be overlooked. With businesses in oil and fashion, she remains a top wealth figure with direct investments in Osun.
How She Built Her Wealth:
Co-founder of Famfa Oil
Diversification into printing and real estate
Business Empire:
Oil blocks and exploration
Printing and manufacturing
Charity and property development
7. Tunde Badmus – Businessman and Construction Tycoon ($250 Million)
Tunde Badmus is a quiet but powerful businessman in Osogbo, best known for his massive poultry businesses and investments in construction and urban infrastructure.
How He Built His Wealth:
Built one of the largest poultry farms in Nigeria
Invested in roads and buildings across Osun
Business Empire:
Tuns Farms (poultry)
Building and road construction
Export of agricultural goods
8. Dotun Babayemi – Legal Expert and Business Strategist ($200 Million)
A prominent legal mind in Osun politics, Dotun Babayemi is also an investor in schools, real estate, and consulting firms. His business activities continue to expand across the state.
How He Built His Wealth:
Legal career funded business ventures
Focused on educational and legal consulting
Business Empire:
Schools and training centers
Business consulting firms
Real estate
9. Ayo Fayemi – Real Estate Developer and Oil Trader ($190 Million)
A relatively quiet entrepreneur, Fayemi’s wealth stems from the importation of oil products and real estate development in Osun and Lagos. He is also a major shareholder in construction businesses.
How He Built His Wealth:
Investments in downstream oil distribution
Real estate and rental properties
Business Empire:
Oil product sales
Property development
Commercial leasing
10. Adewale Laoye – Hospitality and Entertainment Magnate ($170 Million)
Known as the “Drummer of the Gods,” Laoye has transitioned from cultural ambassador to hospitality investor. His boutique hotels and cultural resorts are among the best in Osun.
How He Built His Wealth:
Monetized Yoruba culture and tourism
Established hotels and art centers
Business Empire:
Cultural tourism
Hospitality and hotels
Music and arts exports
Conclusion
The richest men in Osun State in 2025 show that legacy, business sense, political strategy, and diversification are key to financial success in Nigeria's southwest. With investments across education, oil, agriculture, construction, and politics, these individuals continue to build lasting wealth.
If you're looking to understand how wealth is built in Osun, their stories provide valuable lessons and motivation.
Frequently Asked Questions (FAQs)
1. Who is the richest man in Osun State 2025?
Dr. Deji Adeleke tops the list with an estimated net worth of $1.2 billion.
2. What industries dominate Osun State's wealth?
Education, oil, real estate, agriculture, and politics are the top sectors.
3. Are there billionaires from Osun State?
Yes, including Dr. Deji Adeleke and Folorunsho Alakija (with strong ties to the state).
4. How do politicians in Osun build wealth?
By investing in land, agriculture, hospitality, and government contracts.
5. What businesses thrive in Osun?
Farming, education, tourism, hospitality, construction, and oil.