Are you eager to find out who the top 10 Richest Yoruba Men in Nigeria 2023 are? Be rest assured to find them below.
In case you don’t know much about the Yoruba’s, let me quickly tell you about the Yoruba people in Nigeria.
Nigeria as a country consists of multiethnic groups and the Yoruba’s are proudly one of them. Among over 250 ethnic groups in Nigeria, the Yoruba’s are the second most populous ethnic group after the Hausas while the Igbos are the third.
The Yoruba’s are widely found in the western part of Nigeria and generally, the Yoruba’s homeland was said to be in the western part of Africa.
Just like the Igbos, Yoruba people love business but not as much as the Igbos. A beautiful thing about the Yoruba’s is that, they are very friendly and caring. You won’t even be Surprised that most of the 10 richest Yoruba men in Nigeria are philanthropists.
Yoruba people are notable for their hard works and which has made it possible for the top 10 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.
Related: Top 10 Richest People in 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.
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)
On this list of top 10 richest Yoruba men in Nigeria 2023, Afolabi Adeola is the 10th richest Yoruba man in Nigeria and he has an estimated net worth of $83 Million.
He is a Nigerian investor and a Nigerian Businessman.
Afolabi Adeola is the Co-founder and the managing director of a very popular Bank in Nigeria called Guaranty Trust Bank (GTB). Also, he is the founder of FATE Foundation which he sits as its chairman.
Afolabi Adeola, the 67-year-old was born on January 10, 1954 in Nigeria.
He has quite some achievements like being the first chairman of National pension Commission, Director of UTC Plc and many other achievements.
9. Chief Michael Ade Ojo – ($200+ Million)
One of the richest Yoruba men in Nigeria is Chief Michael Ade Ojo with a net worth ranging from $200 Million.
You would notice Chief Michael Ade Ojo’s net worth isn’t precise unlike the others; well, that is simply because Michael Ade Ojo has kept his net worth on a strong low-key and making it a bit equivocal to ascertain his actual net worth; but based on deep research, his net worth ranges from $200 Million.
Chief Michael Ade Ojo is a business man and the CEO of Elizade Motors limited. It doesn’t stop there, he is also the owner of Elizade University found in Ondo State, Nigeria.
8. Oba Obateru Akinrutan – ($300 Million)
Although Oba Obateru Akinrutan is a King, but he is still a Yoruba man and much polite to say; a Yoruba king, which is why he is in this list of top 10 richest Yoruba men in Nigeria.
He is the 8th richest Yoruba man in Nigeria with an estimated net worth of $300 Million.
Oba Obateru Akinrutan is the king of Ugbo, Ondo State. Not limited to that alone, he is also a business man in Nigeria and he founded Obat Petroleum, one of the outstanding private oil trading companies in Nigeria.
Oba Obateru Akinrutan was born in Ugbo Kingdom, Ondo State, Nigeria in 1950.
Also see: The 10 richest men in South Africa
7. Dele Fajemirokun – ($500 Million)
Dele Fajimirokun made it to the list of the top 10 richest Yoruba men in Nigeria which he takes on the 7th position with an estimated net worth of $500 Million.
He is a popular business man in Nigeria and he is the chairman of an Insurance Company in Nigeria called Alico Insurance. 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)
The 6th richest Yoruba man in Nigeria is Samuel Adedoyin with a net worth that has been estimated to be about $540 Million.
Chief Samuel Adedoyin, an industrialist and Entrepreneur is the founder of Doyin Group of Companies. The Doyin Group deals with exportation of products like seeds, ginger, cashew nuts and many more.
Samuel Adedoyin was born on December 4, 1935 in Agbamu, Kwara State, Nigeria.
Chief Samuel Adedoyin also known as Prince Samuel Adedoyin has committed himself in to a lot of activities philanthropically as he makes several donations every year. Smauel Adeodoyin attended Saint Paul Primary School, Agbamu, Kwara State, Nigeria.
5. Oba Otundeko – ($650 Million)
Oba Otundeko is a popular business magnate in Nigeria. He is the 5th richest Yoruba man in this list of top 10 richest Yoruba men in Nigeria 2023.
Have you ever heard of Honeywell noodles before? Such production emerged from his company as he is the founder and the chairman of Honeywell Group.
Oba Otundeko is a Bachelor of Arts & Sciences as he graduated from Leeds college of Commerce and Olabisi Onabanjo University for his doctorate degree.
He also founded Oba Otundeko foundation and was the former chairman of FBN Holdings.
He was born on 18th of August, 1943 in Ibadan, Oyo State, Nigeria.
4. Tunde Folawiyo – ($650 Million)
One of the richest Yoruba men in Nigeria is Tunde Folawiyo.
He is a popular business man in Nigeria and appears as the 4th richest Yoruba man in Nigeria. His net worth has been estimated to be $650 Million.
Tunde Folawiyo, the Nigerian business man is the managing director of Yinka Folawiyo Group, which specializes in shipping, agriculture, real estate, energy and some other business aspects.
He was born on April 12, 1960 in Lagos State, Nigeria. His father, (Late) Wahab Iyanda Folawiyo was also a popular business man and in fact one of the richest Yoruba men in Nigeria during his time alive.
Tunde Folawiyo studied at London School of Economics and Political Science and University College of London.
3. Jimoh Ibrahim – ($1.1 Billion)
Jimoh Ibrahim is the 3rd richest Yoruba man in Nigeria 2023 with an estimated net worth of $1.1 Billion.
He is politician, business man and a lawyer in Nigeria. Jimoh Ibrahim is also regarded as a philanthropist as he donates a lot to make Nigeria a better place for the less privileged.
He was born on February 24, 1967 in Ondo State, Nigeria.
Jimoh Ibrahim is the chairman and the Chief Executive Officer of Global Fleet Group. He is also the owner of NICON investment Ltd. Not only that, Jimoh Ibrahim once the chairman of the Corporate Affairs Commission.
He attended four different Universities & schools for his education degrees namely; Obafemi Awolowo University, Harvard Law School, University of Cambridge and Oxford University.
2. Femi Otedola – ($1.85 Billion)
The 2nd richest Yoruba man in Nigeria is Femi Otedola, who has a net worth of $1.85 Billion.
Femi Otedola is an investor and a business man who founded Zenon Petroleum and Gas Ltd, a fuel or petroleum marketing and distribution company in Nigeria.
He was the former owner and chairman of Forte Oil Plc before he sold the company to focus another business plan.
Femi Otedola was born on November 4, 1962 in Ibadan, Oyo State, Nigeria. In case you don’t know, Femi Otedola is the father of the popular Nigerian female Disc Jockey called DJ Cuppy.
He attended Olivet Baptist High School, Oyo and he graduated from Obafemi Awolowo University, Nigeria. Nana Otedola is the wife of Femi Otedola.
1. Mike Adenuga – ($7.2 Billion)
Mike Adenuga also known as Chief Michael Adeniyi Adenuga Jr is the richest Yoruba man in Nigeria with a leading net worth of $7.2 Billion.
He is a popular business man and an investor in Nigeria. Mike Adenuga is the founder of the second-largest telecommunication operator in Nigeria called “Gblobacom”. Globacom is the largest indigenous telecommunication operator in Nigeria.
His company, Globacom limited operates in Nigeria, Ghana, Benin Republic and some other countries.
Chief Mike Adenuga is the second richest man in Nigeria and he also has his fortune built in Oil and gas production as he is the chairman of Conoil.
Mike Adenuga was the born in Ibadan, Oyo State, Nigeria on April 29, 1953.
Also See: Top 10 Richest States in Nigeria
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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