When you hear Ondo State, what comes to your mind? For many people, it’s “the Sunshine State,” the home of cocoa, palm oil, and some of the brightest minds in Nigeria. But let’s keep it real—Ondo State is also the home of some serious billionaires and multi-millionaires who are doing wonders in business, politics, and even entertainment.

Today, I’m giving you the freshest and most accurate list of the top 10 richest people from Ondo State. And no, we are not adding people from Delta or Osun like you see on some blogs (stop that fake life abeg). This is pure Ondo blood! We’ll talk about their industries, how they made their money, and their estimated net worth in 2025. Grab your favorite drink because this gist is hot!

Quick Summary Table

1. Jimoh Ibrahim – ₦200 Billion+

Let’s start with the big boss himself—Jimoh Ibrahim. This man is the definition of “rich and connected.” Born into Ondo royalty, Jimoh is not just a businessman; he’s a serial investor. He owns businesses in oil and gas, real estate, insurance, media, and even banking.

He’s the owner of Global Fleet Group and has stakes in companies that many Nigerians rely on every day. This man understands money moves like no other. If you’re wondering where his billions come from—oil, real estate, banking, and politics have all blessed him.

Why is he number one?
Because his portfolio is deep, diversified, and still growing.

2. Chief Michael Ade-Ojo – ₦150 Billion+

If you love Toyota cars in Nigeria, thank this man. Chief Ade-Ojo is the founder of Elizade Motors, the largest Toyota distributor in Nigeria. From selling spare parts as a young man to becoming the king of automobiles in the country, his story is pure inspiration.

Aside from Toyota, he owns Elizade University and several investments in hospitality and real estate. Baba has created jobs for thousands of Nigerians and remains one of the wealthiest men in the entire Southwest.

3. King Sunny Ade (KSA) – ₦15 Billion+

Yes o! Our own legendary juju music maestro, King Sunny Ade, is not just a music icon—he’s a serious businessman. With decades in the entertainment industry, endorsements, music royalties, and investments in hospitality and real estate, KSA is sitting pretty with billions in the bank.

He’s proof that talent pays when you package it well. Aside from his music empire, he also runs businesses in oil and property. Baba still performs at high-profile events and is a true cultural ambassador of Ondo State.

4. Dr. Olusegun Mimiko – ₦10 Billion+

If you lived in Nigeria between 2009 and 2017, you definitely heard of Dr. Olusegun Mimiko, the former governor of Ondo State. But politics is just one side of his wealth story. Dr. Mimiko is a medical doctor turned politician and real estate investor.

His time in government opened big doors, and today, he’s involved in businesses across health, property, and consultancy. He may not flaunt his wealth like others, but make no mistake—he is very, very comfortable.

5. Chief Olusola Oke – ₦8 Billion+

Chief Olusola Oke is a big name in Ondo politics and law. He’s a Senior Advocate of Nigeria (SAN), a businessman, and a politician who has contested for governorship multiple times. Aside from law practice, Oke has invested heavily in real estate and oil servicing companies.

His influence in both politics and business has brought him massive wealth and connections, making him one of the top big boys of Ondo State.

6. Engr. Joseph Oyeyani Makoju – ₦7 Billion+

Late but worth mentioning because his wealth and legacy are huge. Engr. Makoju was a top executive in Dangote Group and served as CEO of several big corporations like West African Portland Cement. His influence in the manufacturing sector made him an authority in corporate Nigeria.

Even after his passing, his investments and properties remain a strong legacy for his family.

7. Chief Olusola Adekanola – ₦6 Billion+

If you know the story of Nigeria’s printing and publishing industry, you’ll know this name. Chief Adekanola made his money through industrial ventures, publishing, and real estate investments. Though not in the public eye like some politicians, his wealth is steady and old money strong.

8. Akin Akinboro – ₦5 Billion+

Tech bros, gather here! Akin Akinboro is one of Ondo’s finest minds in technology and corporate leadership. As a former CEO of Cellulant Nigeria, he drove fintech solutions across Africa. Now he’s involved in startups, consulting, and digital transformation projects. Billionaire in the making? He’s already there.

9. Dr. Tayo Oyedeji – ₦3 Billion+

Tayo is a media and corporate big shot with influence in global business spaces. He has held executive positions in media companies and corporate consultancy firms that deal with multimillion-dollar projects. His innovative ideas have placed him among the modern-day Ondo rich list.

10. Wole Akindele – ₦2 Billion+

Wole is a rising star in real estate and hospitality. From luxury apartments to hotels, he’s creating spaces that redefine lifestyle in Ondo and beyond. His approach to property development and investments in short-let apartments have pushed his net worth into billions.

Final Thoughts

Ondo State is not just about cocoa farms and sunshine—it’s a land of wealth, innovation, and big money moves. From oil barons to tech innovators, Ondo indigenes are killing it across sectors.

Now tell me, who do you think will join this list in the next five years? Maybe you? Drop your thoughts in the comments because I’m curious to know your take!