When someone says “Ogun State,” most of us picture industrious workshops, leafy towns like Abeokuta, or even how folks from Lagos move there to build because “land no too expensive.” But here's the real tea: beyond the bush paths, markets, and weekend hangouts, Ogun State is home to some of Nigeria’s wealthiest, most influential figures—from tycoons to ex-presidents, bankers to governors, and entertainers making serious money. Let me take you on a journey through the top 10 richest people repping Ogun State. Ready?

1. Mike Adenuga Jr. – Nigeria’s Telecom & Oil Titan

Let’s start with the no-brainer: Mike Adenuga—the founder of Globacom, Nigeria’s second-largest telecom network, and Conoil, a heavyweight in oil and gas. His wealth is legendary, often estimated around $7 billion.

From building telecom towers across the nation to owning oil blocks and even real estate stakes, Adenuga is Ogun’s best-kept banking headline. Whether Nigerians are making calls or filling fuel tanks, there’s a good chance he’s smiling at the bank.

2. Fola Adeola – Banking Legend & GTBank Co-Founder

Next up, the gentleman who helped birth GTBank, Fola Adeola. Born with Ogun roots in Abeokuta, this banker-turned-philanthropist sits confidently among Nigeria’s financial elite—his net worth estimated at $1.3 billion .

Beyond banking, he leads corporate boards and sponsors youth empowerment through FATE Foundation. OG Ogunites, I see you—this one’s making waves beyond Ijebu soil.

3. Kensington “Baba Ijebu” Adebutu – Lottery Mogul Extraordinaire

When Attorney-General calls home, you know who — Kensington Adebutu, aka “Baba Ijebu.” His Premier Lotto commands massive influence, and his investments stretch to agriculture, real estate, and philanthropy. He’s worth around $900 million, rounding out the top three moguls from Ogun.

Classic example of humble beginnings turned legacy empire.

4. Otunba Subomi Balogun – Banking & Traditional Elite

Founder of FCMB, Oba Subomi Balogun is another banking powerhouse from Ijebu Ode. His net worth is estimated at a cool $1.5 billion.

This man seamlessly balances traditional royal titles with urban finance.

5. Olusegun Obasanjo – Statesman-Turned-Agripreneur

A name that needs no introduction—General Olusegun Obasanjo, ex–President of Nigeria, and Ogun stalwart. His wealth, valued around $1 billion, is deeply rooted in agriculture (think massive farms), education (Bells University), and institutional investments like his presidential library.

From military barracks to farmland, his journey is as legendary as Nigeria’s modern politics.

6. Dapo Abiodun – Governor & Corporate Mind

From managing Heyden Petroleum to leading Ogun State as governor, Dapo Abiodun is a blend of boardroom experience and political savvy. His net worth is pegged at about $310 million.

He’s one of Ogun’s youngest big money names—smooth, effective, and wired for policy.

7. Segun Adebutu – Oil, Gas & Petrolex Visionary

The son of “Baba Ijebu,” Segun Adebutu stands firmly on his own. CEO of Petrolex, building the second-largest oil refinery in sub-Saharan Africa, with interests spanning mining, real estate, and music production. His net worth hovers around $300 million.

Legacy meets tech-forward entrepreneurship—check!

8. Tajudeen Afolabi Adeola (T.A.) – GTBank Co-Founder & Investment Maestro

Another GTBank legend, T.A. Adeola, founded several big institutions like Eterna Oil, ARM, UTC, and more. His net worth is estimated at $550 million to $900 million.

Banking royalty meets multi-sector expansion—Ogun birth, national wealth.

9. Oba Otudeko – Industry & Textile Kingpin

Oba Otudeko, Founder of the Honeywell Group, is a titan in food, manufacturing, hospitality, and real estate. His estimated net worth? Around $500 million (with estimates ranging from $500M to $650M).

This Ijebu-Igbo legend is your go-to guy for everything from spaghetti to skyscrapers.

10. Ibikunle Amosun – Accountant, Governor, Wealth Builder

Former Ogun Governor and current senator, Ibikunle Amosun, comes with accounting chops and entrepreneurial moves. His estimated wealth sits at $442 million.

Political muscle with financial discipline—smart man’s playbook from Abeokuta.

At-a-glance Table: Ogun’s Wealth Titans

Final Gist – What Sets Ogun’s Rich Apart?

1. Banking is a major theme – From Adeola to Balogun, financial institutions built fortunes.

2. Politics as a wealth lever – Obasanjo, Amosun, Abiodun leveraged public service into private wealth.

3. Legacy families plus innovation – Adebutus expanded fast with oil, tech, and philanthropy.

4. Diversification wins – From telecoms to farming, building to consultancy, Ogun’s money elite aren’t one-trick ponies.