Top 10 Richest Men in Oyo State and their Net Worth

The capital of Oyo State is Ibadan, which is not only the capital but also the largest city in the state. Ibadan is one of the largest cities in Nigeria and is known for its vibrant culture, history, and commerce. It has a diverse population consisting of various ethnic groups, with the Yoruba being the predominant ethnic group. Other ethnic groups include the Ibadan, Ogbomoso, Oke-Ogun, and Ibarapa.

Agriculture is a significant economic activity in Oyo State, with crops such as cocoa, cassava, yam, maize, and rice being cultivated. The state also has a thriving livestock industry. Besides agriculture, commerce and trade are also important to the economy of the state, with markets like Bodija Market in Ibadan being major hubs of economic activity.

This article delves into the lives and achievements of the top 10 richest men who have made remarkable strides in the economic landscape of Oyo State.

1.Adebayo Jimoh: Leading the Way in Real Estate

Adebayo Jimoh, a prominent figure in Oyo State’s business community, has carved a niche for himself in the real estate sector. With extensive investments in commercial and residential properties across Ibadan, his net worth is estimated to be in the millions.

2. Bola Adesola: Banking on Success

Bola Adesola, a native of Oyo State, has made waves in the banking sector. As a seasoned banker with a stellar career, she has amassed significant wealth through her leadership roles in top financial institutions. Her contributions to the banking industry have earned her a place among the wealthiest individuals in the state.

3. Femi Otedola: A Titan in Oil and Gas

While not originally from Oyo State, Femi Otedola’s influence extends to various parts of Nigeria, including Oyo. With investments in the oil and gas sector, his conglomerate has made substantial contributions to the state’s economy, earning him a spot among its wealthiest residents.

4. Tayo Ayeni: Making Strides in Media and Entertainment

Tayo Ayeni, a media mogul and entrepreneur, has left an indelible mark on Oyo State’s entertainment industry. With ownership of media outlets and investments in entertainment ventures, his net worth reflects his success in this dynamic sector.

5. Akin Alabi: From Entrepreneurship to Politics

Akin Alabi’s journey from entrepreneurship to politics has been nothing short of remarkable. With a background in business and notable investments in various sectors, including hospitality and sports betting, he has emerged as one of the wealthiest individuals in Oyo State.

6. Folorunso Alakija: Empowering Women and Impacting Lives

Folorunso Alakija, although not a native of Oyo State, has made significant contributions to its economy and society. As one of Africa’s most successful female entrepreneurs, her investments in various industries have undoubtedly influenced the economic landscape of the state.

7. Kolawole Aluko: Pioneering Investments in Agriculture

Kolawole Aluko’s passion for agriculture has led to groundbreaking investments in agribusiness within Oyo State. With a focus on modern farming techniques and agro-allied industries, his net worth reflects the success of his agricultural ventures.

8. Abiola Ajimobi: A Businessman Turned Politician

Abiola Ajimobi, a former governor of Oyo State, made significant strides in both business and politics. While his wealth is not solely derived from his political career, his investments and contributions to the state’s development have cemented his place among its wealthiest individuals.

9. Olufemi Awoyemi: Revolutionizing the Financial Sector

Olufemi Awoyemi’s innovations in the financial sector have earned him recognition as one of Oyo State’s most influential entrepreneurs. With a focus on fintech and investment banking, his net worth reflects the success of his ventures in this competitive industry.

10. Tunde Folawiyo: Diversified Investments for Economic Growth

Tunde Folawiyo’s diversified investment portfolio spans various sectors, including energy, shipping, and real estate. His strategic investments have not only contributed to Oyo State’s economic growth but have also positioned him as one of its wealthiest individuals.


While the specific net worth of individuals in Oyo State may vary, these ten individuals represent a fraction of the state’s economic elite. Through their entrepreneurial acumen, business ventures, and contributions to various sectors, they have played pivotal roles in shaping the economic landscape of Oyo State and Nigeria as a whole.

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