Top 10 Richest Real Estate Billionaires In Nigeria 2023 — Net Worth & Cars They Own

In Nigeria, there are many avenues for pursuing wealth, and real estate is one of them. It’s one of the top ways to earn money in Nigeria. While many players are in the field, others started before everyone else and have built large net worths through their investments in the real estate business in Nigeria and internationally.

This article lists the top 10 richest real estate bosses in Nigeria, their net worth, and the cars they own.

1. Sir Clement Oluwatumininu Okeowo – $800 million

Real name	Sir Clement Oluwatumininu Okeowo
Date of birth	1965
Country of Origin	Federal Republic of Nigeria
Source of Wealth	Real Estate and Businesses
Net worth	$800,000,000

Born in 1965 in Ijebu-ode into the family of (late) Victor Taiwo, Olu Okeowo can be regarded as the King of Luxury as his lifestyle is befitting of that title, even though he tries to keep it on a low. He is a lover of beautiful luxurious things ranging from fabrics, cars, constrictions, and the list goes on and on. A look into his garage will give you the conviction you seek.

Nigerian Real Estate Mogul, Chief Olu Okeowo Owns 17 Luxury Cars & A Multi-Million Dollar House

His home in Lagos is called “Palacia de Okeowo Mansion.” It is decorated with a white edifice, built in a three-floor Victorian style, and is modelled after a French palace. The construction of the house reportedly took 11 months the house sits on five acres of land, and it cost $12 million to complete.

He owns 10 Rolls Royces, 2 Bentleys, 1 Escalade SUV, 2 G Wagons, 1 Land Cruiser and 1 Range Rover SUV. The house contains a chapel, jet ski water body, helipad and more.

2. Oba Adetola Emmanuel King – $80 Million

Oba Adetola Emmanuel King is the CEO of Adron Homes & Properties Ltd. The company focuses on providing Nigerians with affordable and high-quality housing. The CEO graduated from YabaTech and later acquired a Master’s in Housing Development & Management at the University of Ibadan. 

He started his career in 1996 by joining WEMABOD Estates Limited, Cocoa House, Ibadan, and later moved forward to Boameges Estate Limited’s property manager in 2002. He worked at a few other companies before he went forward to start his own company.

Much is not known about the cars Oba Adetola Emmanuel King owns. However, with his net worth, he can afford the following:

• 2022 Toyota Land Cruiser
• 2020 Toyota Hilux
• 2021 Range Rover Evoque 
• 2020 Mercedes AMG 63

3. Mr. Jide Balogun – $55 Million

Mr. Jide Balogun is the CEO of Primrose Development Company Ltd. The company is an A-list real estate development company in Nigeria that’s been in the business for over 30 years. He is the second son of Otunba Subomi Balogun, the founder of FCMB.

He holds an MBA from Durham University, UK, and is a member of the Nigerian Bar Association. He was formerly the Managing Partner of Balogun & Balogun law firm and has worked in Corporate Finance and Investment Banking in one of the leading Investment banks before taking charge at Primrose Development Company Ltd. He is married to Uche nee Odogwu, the daughter of Ide Asaba billionaire, Chief Sonny Odogwu.

Mr Jide Balogun keeps records of his cars private, but with his net worth, he can afford cars like:

• 2018 Toyota RAV4
• Mercedes-Benz AMG 63
• 2022 Lexus LX600

4. Prince Adetunji Ogunwusi – $40 Million

Prince Adetunji Ogunwisi is Primewarerview Ltd.’s CEO, a Primewater Holdings Limited subsidiary. The real estate company was founded in 2005 and focused on developing residential and commercial properties in high-rise areas in Lagos and other parts of Nigeria.

There are no public records of cars Prince Adetunji owns, but with his net worth of $40 million, he can afford cars like:

• 2022 Lexus LX470
• 2021 Toyota Land Cruiser
• 2019 Toyota Hilux
• Mercedes Benz S-Class

5. Udo Maryanne Okonjo ($40 Million)

Udo Maryanne Okonjo is the CEO of Fine & Country West Africa, a luxury real estate company that offers real estate investments to its clients.  She is a real estate mogul, a business leader, and a lawyer. She graduated from the Prestigious University of Nigeria, Nsukka, where she emerged as the best graduating student. She attended Lagos Business School, Oxford University, and Cambridge Judge University, University of Cambridge.

There are zero public records of the cars Udo Maryanne owns. However, with her net worth, she can afford the following:

• 2022 Range Rover velar
• 2022 Toyota Land Cruiser 70th Anniversary
• 2021 Rolls-Royce Phantom

6. Femi Adewole ($35 Million)

Femi Adewole is the CEO of Family Home Funds. The real estate boss has been in the business for over 25 years. He is a graduate of Harvard Kennedy School and Warwick Business School. He was formerly the Managing Director of Shelter Afrique before he moved to Family Home Funds. His company is currently leading the Nigerian Federal Government Social Housing Program to reduce the impact of Covid-19 in Nigeria by providing over 300,000 houses and jobs.

There is no public information about the cars Femi Adewole owns, but with his net worth, he can afford cars like:

• 2021 Toyota Hilux 4 x 4
• 2020 Toyota Highlander
• 2019 Rolls-Royce Cullinan

7. Paul Onwuanibe ($10 Million)

Paul Onwunaibe is the founder and CEO of Landmark Africa, which he founded in 1997. He started his career after graduating with a BSC in Architecture. He later obtained a Master’s in Construction Project Management and Environmental Design and Property Development from South Bank University London and Imperial College London. He later went ahead to obtain an MBA from the London Business School.

Since the inception of his company, Landmark Africa, it has provided market research, advisory services, serviced offices, and real estate development to over 5,000 organizations.

Here are some of the cars Paul Onwunaibe can afford with his net worth:

• 2022 Toyota Land Cruiser 70th Anniversary
• 2021 Rolls-Royce Cullinan
• 2018 Toyota Hilux 4 x 4

8. Adebola Sheidu  ($15 Million)

Adebola Sheidu is the CEO of Brains & Hammers Limited, which focuses on developing innovative buildings of world-class standards. He is a law graduate and a seasoned entrepreneur with over ten years of construction experience in Nigeria. He said his company had built over 4,000 homes, and 95% were sold-off plans. He has also served on the board of many real estate companies.

With his net worth, Adebola Sheidu can afford cars like:

• 2019 Toyota Land Cruiser 
• 2018 Rolls-Royce Phantom
• 2020 Toyota Hilux 

9. Oludare Bello ($25 Million)

Oludare Bello is the CEO of Citec International Estate Limited. He is the Principal Partner of Bello & Co., an Estate Surveyors and Valuers firm in Abuja. He is also a Fellow of the Nigerian Institution of Estate Surveyors & Valuers and a Solicitor and Advocate of the Supreme Court of Nigeria.

There are no public records of the cars Oludare Bello owns, but here are cars he can afford with his net worth:

• 2022 Toyota RAV4 Hybrid
• 2018 Toyota Hilux 4 x 4
• 2020 Mercedes CLA 

10. Bamidele Onalaja ($10 Million)

Bamidele Onalaja is the CEO of RevolutionPlus Property, a leading Real Estate Company in Nigeria. He obtained his first degree in Economics and MBA in Marketing from Lagos State University. He worked as a manager of various real estate companies before moving on to start and focus on RevolutionPlus Property Development Company Limited.

There are no public records of Bamidele Onalaja’s cars, but with his net worth, he can afford:

• 2020 Range Rover Evoque
• 2019 Rolls-Royce Phantom
• 2021 Toyota Tundra 4 x 4
• 2020 Toyota Sequoia

• Why Most Car Dealer In Lagos Are Into Real Estate Too
• Wizkid Net Worth, House, Cars, and Biography
• Does Wizkid Have A Private Jet? Cost of Wizkid Private Jet
• Prices of Toyota Hilux in Nigeria – Durability, and Ruggedness
• Is The Toyota Hilux Worth Buying? Know The Truth Toyota Hilux in Nigeria

Conclusion

These are the top 10 Real Estate bosses in Nigeria. These real estate bosses have acquired their wealth mainly through the development of properties in Nigeria.