Ondo State, located in southwestern Nigeria, has been home to several influential politicians who have significantly impacted both the state's development and Nigeria's political landscape. These individuals have amassed wealth through various means, including public service, business ventures, and strategic investments. This article delves into the top 10 richest politicians in Ondo State as of 2025, highlighting their estimated net worths, political journeys, and sources of wealth.
1. Jimoh Ibrahim – Estimated Net Worth: $1.1 Billion
Jimoh Ibrahim is a prominent Nigerian lawyer, politician, businessman, and philanthropist from Igbotako in Okitipupa, Ondo State. He currently serves as the senator representing Ondo South Senatorial District since 2023. Ibrahim is the chairman and CEO of Global Fleet Group, a diversified conglomerate with interests in various sectors, including oil and gas distribution, hospitality, aviation, banking, real estate, insurance, publishing, and investments. His extensive business portfolio has significantly contributed to his estimated net worth of $1.1 billion.
2. Olusegun Mimiko – Estimated Net Worth: $500 Million
Olusegun Mimiko served as the Governor of Ondo State from 2009 to 2017, becoming the first two-term governor in the state's history. Before his governorship, he held various political positions, including Minister of Housing and Urban Development. Mimiko's wealth is attributed to his long-standing political career and investments in real estate and healthcare sectors. His estimated net worth stands at $500 million .
3. Tayo Alasoadura – Estimated Net Worth: $50 Million
Tayo Alasoadura is a seasoned politician and chartered accountant from Iju, Akure North, Ondo State. He has served as the Minister of State for Niger Delta Affairs and was a former Senator representing Ondo Central Senatorial District. Alasoadura's wealth stems from his extensive career in public service and his accounting firm, which he established after qualifying as a chartered accountant in 1974 .
4. Olubunmi Tunji-Ojo – Estimated Net Worth: $40 Million
Olubunmi Tunji-Ojo is a Nigerian engineer, entrepreneur, philanthropist, and politician who currently serves as the Minister of Interior. He previously represented Akoko North East/Akoko North West Federal Constituency in the House of Representatives from 2019 to 2023. Tunji-Ojo's wealth is derived from his political career and business ventures in engineering and technology.
5. Omoyele Sowore – Estimated Net Worth: $20 Million
Omoyele Sowore is a human rights activist, pro-democracy campaigner, and former presidential candidate from Ondo State. He is the founder of Sahara Reporters, an online news platform known for its investigative journalism. Sowore's wealth is primarily attributed to his media enterprise and speaking engagements.
6. Adeyemi Olayemi – Estimated Net Worth: $15 Million
Adeyemi Olayemi is a member and Chief Whip of the Ondo State House of Assembly, representing Owo Constituency 2 since 2019. He is also the founder of The West African Union University and Pecox Global Limited. Olayemi's wealth comes from his political career and educational and business ventures.
7. Mayowa Akinfolarin – Estimated Net Worth: $12 Million
Mayowa Akinfolarin served as a member of the House of Representatives, representing Ileoluji-Okeigbo/Odigbo Federal Constituency from 2015 to 2023. He was also the Deputy Speaker of the Ondo State House of Assembly from 2003 to 2010. Akinfolarin's wealth is attributed to his extensive political career and business interests.
8. Olajide Ipinsagba – Estimated Net Worth: $10 Million
Olajide Ipinsagba is the current Senator representing Ondo North Senatorial District since 2023. He has a background in business and public administration, holding master's degrees in both fields. Ipinsagba's wealth is derived from his political career and business ventures.
9. Lucky Aiyedatiwa – Estimated Net Worth: $8 Million
Lucky Aiyedatiwa is the current Governor of Ondo State, having assumed office in December 2023 following the death of Governor Rotimi Akeredolu. Before becoming governor, he served as the Deputy Governor. Aiyedatiwa's wealth is attributed to his political career and previous business endeavors .
10. Tajudeen Adefisoye – Estimated Net Worth: $5 Million
Tajudeen Adefisoye, also known as "Small Alhaji," is a former member of the House of Representatives, representing Idanre/Ifedore Federal Constituency. He is the founder of the Small Alhaji Youth Foundation (SAYDEF), an NGO focused on youth development. Adefisoye's wealth comes from his political career and business ventures .
Summary Table: Top 10 Richest Politicians in Ondo State (2025)
| Rank | Name | Estimated Net Worth | Notable Positions Held | Primary Sources of Wealth |
|---|---|---|---|---|
| 1 | Jimoh Ibrahim | $1.1 Billion | Senator, Businessman | Global Fleet Group, Politics |
| 2 | Olusegun Mimiko | $500 Million | Former Governor | Politics, Real Estate, Healthcare |
| 3 | Tayo Alasoadura | $50 Million | Former Minister, Senator | Politics, Accounting Firm |
| 4 | Olubunmi Tunji-Ojo | $40 Million | Minister of Interior, Former House Member | Politics, Engineering, Business |
| 5 | Omoyele Sowore | $20 Million | Activist, Media Entrepreneur | Sahara Reporters, Speaking |
| 6 | Adeyemi Olayemi | $15 Million | State House of Assembly Chief Whip | Politics, Education, Business |
| 7 | Mayowa Akinfolarin | $12 Million | Former House of Representatives Member | Politics, Business |
| 8 | Olajide Ipinsagba | $10 Million | Senator | Politics, Business |
| 9 | Lucky Aiyedatiwa | $8 Million | Governor, Former Deputy Governor | Politics, Business |
| 10 | Tajudeen Adefisoye | $5 Million | Former House of Representatives Member | Politics, NGO, Business |
Conclusion
The political landscape of Ondo State is shaped by individuals who have not only held significant public offices but have also built substantial wealth through various avenues. Their contributions to the state's development and Nigeria's political sphere are noteworthy. As of 2025, these politicians continue to influence both the economic and political dynamics of Ondo State.
