Osun State, located in the southwestern region of Nigeria, is not only rich in culture and heritage but also in political figures who have amassed substantial wealth through public service, private business ventures, and strategic investments. From former governors to influential senators, these political elites have wielded not only power but also financial influence across various sectors of society.
This article explores the top 10 richest politicians in Osun State as of 2025, diving into their net worth, political history, and the enterprises that contribute to their impressive wealth. Whether they gained riches through successful businesses, high-ranking government positions, or inherited affluence, these individuals have left an indelible mark on both the state and national political landscapes.
1. Ademola Adeleke – $100 Million
Governor Ademola Adeleke tops the list as the richest politician in Osun State. Known widely for his lively personality and affectionately called “the dancing senator,” Adeleke's wealth extends far beyond politics. A member of the wealthy Adeleke family, he succeeded in the political sphere following a successful private life in the U.S. where he engaged in business before returning to Nigeria.
Adeleke’s fortune is largely tied to his family's successful business ventures, including Pacific Holdings and Adeleke University. As the uncle of Afrobeats superstar Davido and brother to billionaire businessman Adedeji Adeleke, his wealth is a combination of inheritance, political gains, and family influence.
2. Gboyega Oyetola – $50 Million
Oyetola served as the Governor of Osun State from 2018 to 2022 under the All Progressives Congress (APC). Prior to entering politics, he built a formidable career in the insurance sector. He was the founder of Silvertrust Insurance Brokers Limited and held top-level managerial positions in several companies.
A graduate of the University of Lagos, Oyetola is also known for his strategic investments in real estate and stocks, which supplement his political earnings. His careful management of both public and private affairs has contributed immensely to his high financial standing.
3. Adedeji Adeleke – $45 Million
Although not an active politician, Adedeji Adeleke’s political involvement through his family connections and influence places him prominently on this list. As the father of Davido and elder brother of Governor Ademola Adeleke, he has played significant roles in local and national politics.
Adedeji is the founder of Adeleke University and chairman of Pacific Holdings, a conglomerate with interests in energy, logistics, and education. His net worth reflects his success in the business world and the strategic political affiliations maintained over the years.
4. Najeem Salaam – $30 Million
Dr. Najeem Salaam is a former Speaker of the Osun State House of Assembly and a respected academic and politician. Known for his legislative acumen, Salaam has also invested in various educational ventures, and his wealth stems from public service and personal investments.
He holds a Ph.D. in Political Science and is highly regarded as a voice for progress in Osun politics. Salaam’s academic background and business involvements, particularly in publishing and consultancy, add significantly to his income.
5. Olubiyi Fadeyi – $25 Million
Senator Olubiyi Fadeyi represents Osun Central and has risen rapidly through the political ranks. His philanthropic activities under the Ajagunla Foundation have made him beloved among constituents, and his political weight continues to grow.
Fadeyi’s net worth is a product of political earnings, private consultancy, and real estate holdings. His contributions to community development also show his understanding of strategic philanthropy.
6. Akinyode Abidemi Oyewusi – $20 Million
Currently serving as the Deputy Speaker of the Osun State House of Assembly, Akinyode Abidemi Oyewusi is also a successful entrepreneur. He is the founder of Raregeode Company Limited and Acumen Forte Limited, which specialize in construction and civil engineering.
Oyewusi's dual engagement in politics and business has made him one of the wealthiest young politicians in the state. His strategic investments in infrastructure and public-private partnerships highlight his business acumen.
7. Sunday Fajinmi – $15 Million
Sunday Fajinmi, a seasoned politician, has represented Osun West in the Senate. With decades of political experience, Fajinmi is known for his entrepreneurial ventures in real estate and hospitality.
A notable philanthropist and stakeholder in various companies, Fajinmi's financial portfolio is diverse and stable. His fortune stems from his ability to translate political influence into business opportunities.
8. Rauf Aregbesola – $12 Million
Rauf Aregbesola served as Governor of Osun State for two terms and later became Nigeria’s Minister of Interior. A staunch progressive, Aregbesola is known for his radical reforms and infrastructure projects in Osun during his tenure.
His wealth primarily comes from years of public service, consultancy roles, and speaking engagements. He also maintains business interests in the education and transportation sectors.
9. Iyiola Omisore – $10 Million
Engineer Iyiola Omisore has served as Deputy Governor and Senator in Osun State. He’s known for his robust background in engineering, holding a degree in Electrical Engineering and being a fellow of the Nigerian Society of Engineers.
Omisore has run several engineering consultancy firms and has also invested in politics for decades. His wealth is derived from both his technical and political careers, making him a well-rounded figure in Osun politics.
10. Fatai Akinbade – $8 Million
Fatai Akinbade, a grassroots politician and former Secretary to the Osun State Government, has consistently played a pivotal role in the state’s governance. His political career spans over 20 years, and he is well-respected for his administrative competence.
Akinbade’s investments in agriculture and local business development have contributed to his modest but stable fortune. He remains active in political circles, often acting as a kingmaker in local elections.
Summary Table: Richest Politicians in Osun State (2025)
| Rank | Name | Estimated Net Worth | Notable Positions Held | Major Sources of Wealth |
|---|---|---|---|---|
| 1 | Ademola Adeleke | $100 million | Governor of Osun State | Politics, Family Business, Education |
| 2 | Gboyega Oyetola | $50 million | Former Governor of Osun State | Insurance, Politics, Investments |
| 3 | Adedeji Adeleke | $45 million | Business Mogul, Chancellor of Adeleke University | Business, Education |
| 4 | Najeem Salaam | $30 million | Former Speaker, Osun State House of Assembly | Politics, Education, Investments |
| 5 | Olubiyi Fadeyi | $25 million | Senator, Osun Central | Politics, Philanthropy |
| 6 | Akinyode Abidemi Oyewusi | $20 million | Deputy Speaker, Osun State House of Assembly | Politics, Construction, Private Sector |
| 7 | Sunday Fajinmi | $15 million | Former Senator, Osun West | Politics, Real Estate |
| 8 | Rauf Aregbesola | $12 million | Former Governor, Minister of Interior | Politics, Public Administration |
| 9 | Iyiola Omisore | $10 million | Former Deputy Governor, Senator | Politics, Engineering, Consultancy |
| 10 | Fatai Akinbade | $8 million | Former Secretary to the State Government | Politics, Agriculture, Business |
Conclusion
Osun State is home to some of Nigeria’s most financially and politically influential figures. The top 10 richest politicians profiled in this article represent a fusion of political experience, entrepreneurial spirit, and legacy wealth. From governors and senators to business magnates with political ties, these individuals have built their fortunes through a combination of public service, private enterprise, and strategic affiliations.
Understanding their wealth offers insights into the intersections of politics and economics in Nigeria. While their riches are impressive, the true impact of these politicians lies in how they influence governance, policy, and development in Osun State and beyond.
