Top 5 Richest Men in Ondo State (2024)

Who is The Richest Man in Ondo State?

This post will focus on the richest men in Ondo state, a Yoruba state in Nigeria. This is a review of top billionaires from Ondo state, Nigeria.

Richest men in Ondo state

Ondo state is one of the Christian dominated Yoruba states in Nigeria even though other religions such as Islam and ATR can be found in the state.

The state is boardered by Edo, Osun and Ogun State and has some of the wealthiest Yoruba people.

Ondo state is also known for its agricultural prowess. It is also an oil Producing state.

It is the only Yoruba state that belongs to Niger Delta states which is term used to regard all oil producing states in Nigeria.

Despite Ondo state being an oil Producing state, the richest people in Ondo state are not all oil and gas investors.

Richest people in Ondo state cut across diverse professions and careers.

In this post, we will be discussing the top 10 richest men in Ondo state and how much these billionaires are worth.

The essence of this post is just to motivate the youths and young minds to be committed and hardworking in their various fields of endeavours.

List of Richest People in Ondo State & Net Worth

The richest men in Ondo state are rated by their assets, investment and overall net worth.

These are some parameters that was put into consideration before coming up with this credible list of richest men in Ondo state.

Having conducted impeccable research, these are the richest men in Ondo state.

Jimoh Ibrahim

Jimoh Ibrahim is ranked the richest man in Ondo state.

The Ondo born politician and businessman is known for his wealth and businesses.

He is the Chief Executive of Global Fleet Group, a business conglomerate with presence in many west African countries.

The Ondo billionaire is a lawyer by profession but a business magnet in practice.

He is the richest man in Ondo state as well as one of the richest Yoruba men.

He has made attempts to becoming governor of Ondo state by contesting in the state gubernatorial elections in 2003. The young man is richly blessed.

Michael Ade Ojo

Michael Ade Ojo, an Ondo state native business magnet is rated one of the Richest Men in the state.

The Ondo state billionaire and philanthropist is the founder of Elizade University, a top private university in Nigeria.

He is also one of the biggest car merchants in Nigeria with his Elizade Motors company. He is one of the few accredited partners of Toyota in Nigeria.

The billionaire is a graduate of business administration from University of Nigeria, Nsukka. He is very rich man from Ondo state.

Taiwo Olayinka Afolabi

Also among the richest men in Ondo state is another business mogul, Taiwo Afolabi.

He is the founder and CEO of SIFAX group, a business conglomerate with activities in Aviation, maritime, haulage, financial services, hospitality as well as oil and gas.

He is a graduate of law from university of Lagos. He is married with kids. One of his sons is a music artist in Nigeria know by his stage name, L.A.X

Fredrick Obateru Akinruntan

Fredrick Obateru Akinruntan is one of the richest men in Ondo stste. He is one of the few billionaires who hails from Ondo stste.

He is a traditional ruler of Ugbo kingdom. He is the richest Oba in Ondo state as well as the richest Oba in Yoruba land.

He is as well the founder and CEO of Obat oil, a leading oil and gas companies in Nigeria downstream sector.

He is estimated to worth over $300 million by Forbes magazine. So, it is no surprise that he makes it to the list of Ondo state richest men.

TB Joshua

TB Joshua, a top Christian clergy based in Lagos state who hails from Ondo state is in the league of richest people in Ondo state.

He is the founder and general overseer of Synagogue of All Nations. He is also the owner of Emmanuel TV, a Christian television. In 2011,Forbes rated his net worth at $10 – 11 million.

Rotimi Akeredolu

The current governor of Ondo State, Rotimi Akeredolu is one of the Ondo state billionaires.

The senior advocate of Nigeria is a top performing lawyer prior to his joining politics.

He also made the list of Billionaires from Ondo state. He is among the richest men in the state.

Ondo State Richest Men

We welcome your opinions and suggestions to make this article better. With our comment section, you can air your views on the people in this list of richest men in Ondo state.

You can as well suggest those who you think deserve a place in the list of top richest men in Ondo state.


The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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