Top Richest Men in Oyo State ([year])

Previously we wrote on the list of richest men in Akwa-Ibom, today, we be focusing on the list of the richest men in Oyo State.

Have you ever wondered who is the richest man in Oyo State? Oyo State is blessed with a lot of illustrious sons and daughters from different walks of life. There are a lot of Oyo citizens who have been able to gather wealth as well as dignify themselves in their line of business and place of work. Before we delve into the top list of richest men in Oyo State, here is a little history about the state.

About Oyo State

Oyo State is one of the largest states in Nigeria with its capital city, Ibadan as the largest city in Nigeria. The state which is located in Southwest Geopolitical zones is dominated by the Yorubas.

Also, Oyo State is bounded in the east by Osun State, the Republic of Benin and Ogun State in the southwest, and Kwara state in the north. The state which houses the premier University in Nigeria (University of Ibadan) is known for its Agricultural and farming strength.

Oyo State is blessed with good climates which enhances the farming of different produce including Cocoa, tomato, Cassava, and so many other farm produce.

Not only that, the state has produced numerous illustrious and influential sons and daughters making waves in different sectors. That being said, find below the list of the top richest men in Oyo State.

Top Richest Men in Oyo State

Coming up with the list of the top richest Oyo men is quite difficult as there are a lot of rich men and women in Oyo. Taking into consideration of their power, positions, and wealth including businesses, houses, and money, we have been able to come up with the below list of the richest men in Oyo State.

1. Governor Seyi Makinde

Oluseyi Makinde Abiodun who is formally referred to as Governor Seyi Makinde (GSM) is currently the richest man in Oyo State. Being the current governor of the highly endowed state, he is known to have gathered enough wealth through businesses before serving in public positions.

He accumulated a lot of his wealth from rendering financial services. Kola Daisi spent a lot of years with the First City Monument Bank (FCMB) before switching to the Nigerian stock exchange. He was able to influence and improve the Nigerian stock market. Also, Chief Kola runs Kola Daisi University, one of the best private universities in Nigeria.

At the age of 29 years old, he was reported to have established his business empire, Making Engineering & Technical Services (METS). GSM who holds a bachelor’s degree from the University of Lagos in Electrical Engineering is a rich business magnate politician and philanthropist. Not only that, he is outspoken and currently one of the youngest and richest governors in Nigeria.

2. Jonah Otunla

The 2nd on our list of the top Richest Men in Oyo State is Jonah Otunla, a renowned and retired accountant. Jonah Otunla is one of the Oyo State’s illustrious sons who has served Nigeria through their profession.

He was the Accountant General of the Federal Republic of Nigeria before he retired. Thus, he has managed different government accounts with success. Although Jonah Otunla has been linked to many corruptions during his active days, that doesn’t negate the fact that he is one of the richest men in Oyo State.

3. Rasheed Ladoja

Here is another illustrious son of Oyo State who accumulated his wealth from businesses and politics. Like Governor Seyi Makinde, Rasheed Ladoja is a former governor of the state with his line of business spanning different industries. This is including manufacturing, transportation, banking, shipping, agriculture, and so on.

Apart from that, Rasheed Ladoja is an important figure and a very powerful politician in the state. Thus, making him one of the richest men in Oyo State. See the list of the richest politicians in Nigeria

4. Kola Daisi


The list of the richest men in Oyo State won’t be completed without mentioning the rich billionaire popularly known as Chief Kola Daisi.

Unlike many other Oyo-rich men on our list, Kola Daisi was a medical doctor before he changed his career to become a financial advisor and expert.

5. Oba Lamidi Adeyemi

Alaafin of Oyo

Oba Lamidi Adeyemi who is popularly known as Alaafin of Oyo is surprisingly one of the richest men in Oyo State. He is one of the most influential and respected Yoruba monarchs in Nigeria.

The monarch was a civil servant in the 60s before his enthronement. He worked with a lot of multinational companies long before he retired. See the list of richest Monarchs in Africa

6. Teslim Folarin

Another top rich man in Oyo State on our list is Teslim Folarin. He is a renowned politician and prince who hail from a royal family in Ibadan. Although he spent most of his formative years outside Nigeria, he later returned to join politics.

Teslim Folarin is currently a serving senator from Oyo State in the House of Assembly. Therefore, he is one of the richest men in Oyo State with a great deal of influence and wealth. See the list of richest men in Imo State.

7. Monsurat Sunmonu


The last on our list of the top richest people in Oyo State is a woman. Monsurat Sunmonu is referred to as the richest woman in Oyo State owing to his wealth, power, and influence. Like Teslim Folarin, Monsurat lived and worked in the UK before coming back to Nigeria to begin her political career.

Since the beginning of her career, she has served in many public positions. She was a Senator in the house of the Assembly before she move to be a senator in the Senate where she is currently serving.

The Richest Men in Oyo State

A lot of the rich men in Oyo State have more than one source of income. Most of them are into politics while managing their line of business. Although few are professionals and they are into businesses solely without venturing into politics.

What other Oyo rich man do you think we miss on our list? Share your opinion with us via the comment section. If you find this helpful, kindly share it with your friends and family.