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Bola Ahmed Tinubu's net worth and source of wealth

Why is Bola Ahmed Tinubu the richest politician in Nigeria? This article details Bola Ahmed Tinubu's net worth and source of wealth.

Tinubu, the richest politician in Nigeria

In Nigerian politics, Bola Ahmed Tinubu, AKA Jagaban, is feared by his foes and well-liked by his fans; this is probably due to his achievement and stance on politics.

Bola Tinubu, a Nigerian statesman, was born on the 29th day of March 1952. Following his journey in politics and the business world, Tinubu's net worth has increased sporadically, such that he is Nigeria's richest politician.

One of Tinubu's many achievements is being a major force that ended the PDP's 16-year dominance. Bola Ahmed Tinubu is a figure that cannot be overlooked in Nigeria's politics in the contemporary era. That is why the man has made a name for himself and eventually earned attention to highlight Tinubu's net worth and source of wealth.

Tinubu's net worth

After graduating from Chicago State University, Tinubu worked in the United States. Then, upon his return to Nigeria, he worked for ExxonMobil, which increased his wealth.

In addition to his political career, Tinubu has always been a successful businessman. The politician is involved with a wide variety of international firms, such as Oando and others, which will be discussed in detail soon.

While Tinubu's net worth is said to be largely due to his business's success, it is also important to note that part of Tinubu's net worth might have come from his involvement in politics, having served as governor of Lagos for two terms and is now running for president as the APC presidential candidate in 2023 with an estimated net worth of about $8.4 billion.

Before serving as the governor of Lagos State and coming out of office, Tinubu had always been tagged as extraordinarily wealthy. Still, nobody seems to be aware of how he acquired his wealth.

Tinubu undoubtedly owns companies in various industries, including agriculture, hospitality, media, oil and gas, and real estate.

Even though he denied rumours that he was the owner of a good list of companies, he has acknowledged ownership of some of them and is also reputed to invest his money in blue-chip company stocks.

Bola Ahmed Tinubu's houses

It is alleged that Tinubu has multiple mansions in Lagos State, Abuja, and other nations, including the United States of America and the United Kingdom. But perhaps most notable is his Ikoyi mansion, estimated to be worth N650 million.

Bola Ahmed Tinubu's cars and private jet

Tinubu enjoys luxury in the same way that every other politician does. In addition to his lavish mansions, Tinubu owns a fleet of luxury vehicles and a private jet.

You are probably very curious about the total number and value of his automobile collection; here's the list of some of the cars that Tinubu allegedly owns and their worth.

  • Mercedes G-wagon worth N600 million
  • Toyota Prado SUV worth N50 million.
  • Lexus worth N13 - N25 million
  • BMW worth N10 - N11 million. 
  • Ford worth N10 - N14 million 
  • Porsche worth N50 - N60 Million

Tinubu also owns and maintains a private jet worth about $60 million.

Bola Ahmed Tinubu's political career

Bola Ahmed Tinubu started politics in 1992 as a successful Lagos West senatorial candidate, running under the Social Democratic Party's banner. After Sani Abacha dissolved the Senate in 1993, Tinubu joined the National Democratic Coalition movement and started advocating for the restoration of democracy.

Despite being compelled into exile in 1994, Tinubu returned after Abacha's death in 1998, which marked the beginning of the transition to civilian rule.

With a significant victory, Tinubu of the Alliance for Democracy defeated Dapo Sarumi of the People's Democratic Party and Nosirudeen Kekere-Ekun of the All People's Party in the first post-transition election for governor of Lagos State.

His two terms were characterized by his attempts to modernize the city of Lagos and his conflicts with the PDP-controlled federal government. He narrowly defeated PDP candidate Funsho Williams for re-election to a second term.

After leaving office in 2007, Tinubu continued to be one of Nigeria's most powerful politicians because his allies frequently held high positions in the southwest and because he was instrumental in the formation of the All Progressives Congress in 2013.

Tinubu's career has long been controversial because of media reports of corruption and doubts about the accuracy of his personal history.

Tinubu is the current presidential candidate for the All Progressive Congress for the 2023 general election in Nigeria.