Wouldn’t it be nice to know the richest Yoruba men in Nigeria this 2022? 

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Nigeria is filled with various ethnic groups, and each ethnic group contains men and women of wealth and class. The Yoruba ethnic group is one of the largest groups in Nigeria. One of the coolest things you need to know about this ethnic group is that it has a number of wealthy and successful men.

These men can be regarded as the ‘bigwigs’ of Yoruba land, and most of them made their wealth from engaging in multiple business ventures. Here are the richest Yoruba men in 2022:

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Mike Adenuga has over time mentioned the rank of the richest Yoruba man. He is the CEO and founder of Globacom, Nigeria’s second-biggest telecommunications network. Globacom also has a presence in Benin, Ivory Coast and Ghana. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). He made his fortune in the oil business and telecommunications. 

Mike Adenuga Net worth: Mike Adenuga has a mouth-watering net worth of $7.9 billion

Mike Adenuga Cars: His garage is adorned with exotic cars like

  • Bentley Continental GT, 
  • Rolls Royce
  • Mercedes Benz AMG G63
  • Armored Bentley Mulsanne


An indigene of Ondo State, Jimoh Ibrahim is a true Yoruba man. His hard work and diligence over the years have paid off as he has the money and impact to show for it. Jimoh Ibrahim is the CEO of Global Fleet Group. He is also the director at the prestigious Nicon group which has a number of subsidiaries. They include Nicon Academy, Nicon Airways, Nicon Energy, Nicon Hotels, Nicon Insurance, Nicon Investment, Nicon PFA, Nicon properties, Nicon Trustee, Nicon United Kingdom, and Nicon Sao Tome.

JIMOH IBRAHIM NET WORTH: His net worth is valued at $1 billion


  • Rolls Royce
  • Range Rover


The average Nigerian is familiar with the popular name Femi Otedola. The name has been widely used in various hip hop songs and movies alike due to his immense wealth. Born on the 4th of November 1962 in Ibadan, Femi Otedola is a well-known CEO, entrepreneur and philanthropist. He is the father of a famous Nigerian disc Jockey; DJ Cuppy. He made his wealth from various business engagements, particularly from oil and gas. He is the former chairman of Forte Oil. Femi Otedola is also the founder of Zenon Petroleum and Gas Ltd.

Femi Otedola Net worth: He has a whopping net worth of $5.9 billion

Femi Otedola Cars: His expensive car list includes

  • A Mercedes-Benz AMG G63
  • A Mercedes Benz G-Wagon
  • A Mercedes SLR McLaren
  • A Rolls-Royce Phantom
  • BMW 6 series



Here comes another rich man the Yoruba tribe is happy to have. Born in Lagos on 12th April 1960, Tunde Folawiyo obtained his Bachelor’s degree from the London Business School of Economics. Tunde Falawiyo is the managing director of Yinka Falawiyo group, a business which he took over from his late father in 2008. The Yinka Folawiyo Group is a conglomerate that has interests in agriculture, real estate, energy, shipping, and engineering. He is a versatile businessman and a veteran investor. Tunde Folawiyo also has stakes in MTN Nigeria and Access Bank. A lawyer by profession, he has a law firm that operates within Nigeria.

TUNDE FOLAWIYO Net worth: Tunde Folawiyo’s net worth is estimated at $650 million.



Raised into a royal family, Oba Otudeko was born on 18 August 1943 in Ibadan, Oyo State, Nigeria. By profession, Oba Otudeko is a Chartered Banker, Chartered Accountant, and also Chartered Corporate Secretary. His multiple business endeavours and skillset has made him wealthy, such that he is one of the richest Yoruba men this 2022. He is the chairman and founder of Honeywell Group, one of the best-selling producers of Fast Moving Consumer Goods (FMCG). Honeywell products have practically become a household name with customers in every state in Nigeria. He is also the chairman of FBN Holdings LLC. Oba Otudeko also has various positions within the Nigerian Stock Exchange and Fan Milk.

OBA OTUDEKO Net worth: He has a mind-blowing net worth estimated at $645 million NGN

OBA OTUDEKO Cars: His luxurious car list includes:

  • Mercedes Benz S-class
  • Lexus LX 570
  • Toyota Highlander


samuel adedoyin
samuel adedoyin

Born on December 4, 1935, in Agbamu, Kwara State, Nigeria, Chief Samuel Adedoyin is on our list of richest Yoruba men in Nigeria. An entrepreneur and businessman at the core, Samuel Adedoyin is the founder of the Doyin Group of Companies. The company deals with the exportation of products like seeds, ginger, cashew nuts etc. Chief Samuel Adedoyin has earned the praise and respect of many due to his many philanthropic activities.

SAMUEL ADEDOYIN Net worth: Chief Samuel Adedoyin’s net worth is estimated at $540 million.

SAMUEL ADEDOYIN Cars: Chief Samuel Adedoyin has an expensive fleet of cars, although he rarely flaunts them around. Considering his wealth, he can afford cars like:

  • Lexus LX 570
  • Range Rover
  • Mercedes Benz G-Wagon



Also on our list of the richest Yoruba men in 2022 is Dele Fajemirokun- a Yoruba man born on April 16, 1950, in Ondo State, Nigeria. He is the chairman of one of the biggest Insurance companies in Nigeria called Alico Insurance. He is also the Chief Executive Officer and Chairman of Henry Stephens Group or XHS Nig. Ltd. 

DELE FAJEMIROKUN Net worth: His net worth is estimated at $500 million.

DELE FAJEMIROKUN Cars:  With a massive net worth of $509 million, Dele Fajemirokun can very well afford any car brand that catches his fancy. His garage can include exotic cars like:

  • Range Rover
  • Mercedes Benz E-class
  • Mazda CX-5


Nigeria is indeed blessed with wealthy men and women. Every tribe and ethnic group can boast of millionaires and billionaires rising from amongst them, including the Yorubas.

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