In this post, Platinum Times Nigeria highlights the top real estate billionaires in Nigeria presently.
The real estate business in Nigeria has experienced significant boom and development in recent years owing to the growing population and urban migration which have created a high demand for housing and commercial properties.
This in turn has led to increased investment in the real estate sector by both average and influential Nigerians.
Despite the fact that there are many realtors in the business who are striving to make a name for themselves, some have already built empires and a strong niche for themselves in the real estate business both at local and international level.
Below is a list of Nigerians who have established themselves in the real estates business in Nigeria so far.
1. Sir Clement Oluwatumininu Okeowo ($800 million)
Oluwatumininu Okeowo stands as a prominent figure in the Nigeria’s real estate industry with a net wealth of $800,000.
He is the Chief Executive Officer of Gibraltar Construction Nigeria Limited, a leading construction firm in Nigeria.
He was born to the famous Yoruba family of billionaire business mogul, late Chief Victor Taiwo of Ijebu-Ode in 1965.
He owns lots of luxury cars and expensive apartments to his name.
2. Olawale Ayilara ($350 million)
Olawale Ayilara is a prominent figure in the Nigerian real estate industry and a successful entrepreneur who sits as the CEO of LandWey Investment Limited, a leading real estate development company in Nigeria.
He stands out not just for his business prowess but for his remarkable net worth of $350 million which he has acquired over the years.
He is at the forefront of transforming urban landscapes into thriving community hubs.
3. Oba Adetola Emmanuel King ($80 Million)
Oba Adetola Emmanuel King is the CEO of Adron Homes & Properties Ltd., he is committed to providing Nigerians with affordable, high-quality housing.
He is a graduate from YabaTech and holds a Master’s degree in Housing Development & Management from the University of Ibadan.
He first worked with WEMABOD Estates Limited at Cocoa House in Ibadan before establishing his own firm through which he has accumulated a net wealth of $80 million for himself.
4. Jide Balogun ($55 Million)
Jide Balogun is the CEO of Primrose Development Company Ltd., a premier real estate development company in Nigeria with over 30 years of experience.
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.
Prior to his involvement in real Estates, he served as the Managing Partner Balogun & Balogun Chambers where he gathered experience in Corporate Finance and Investment Banking.
He is happily married to Uche, née Odogwu, the daughter of billionaire Chief Sonny Odogwu of Ide Asaba.
He boasts of a substantial net worth of $55 million earned from his investments in real estates.
5. Prince Adetunji Ogunwusi ($40 Million)
Prince Adetunji Ogunwisi is another established realtor who is the CEO of Primewaterview Ltd., a subsidiary of Primewater Holdings Limited.
The company which was established in in 2005 specializes in developing residential and commercial properties across Lagos and other parts of Nigeria.
He has so far acquired a net worth of $40 million over the years.
6. Udo Maryanne Okonjo ($40 Million)
Udo Maryanne Okonjo is a multifaceted Nigerian who serves as the CEO of Fine & Country West Africa, a luxury real estate company renowned for offering premium real estate investments to its clients.
She is a distinguished real estate mogul, business leader, and lawyer who has acquired a net wealth of $40 million through her career.
She is a graduate of the renowned University of Nigeria, Nsukka and also an alumnus of the Lagos Business School, Oxford University, and Cambridge Judge Business School, University of Cambridge.
7.Oludare Bello ($25 Million)
Oludare is the Chief Executive Officer of Citec International Estate Limited is and the principal partner of Bello & Co., an Abuja-based organisation that performs estate surveys and valuations.
In addition, he is an advocate and solicitor at the Nigerian Supreme Court, as well as a fellow of the Nigerian Institution of Estate Surveyors & Valuers.
He has established himself in the real estates business with a net wealth of $25 million.
8.Adebola Sheidu ($15 Million)
Adebola Sheidu is the Chief Executive Officer of Brains & Hammers Limited, a company renowned for developing innovative buildings of world-class standards.
He is a law graduate and an experienced entrepreneur with over ten years of construction experience in Nigeria.
He has served on the boards of different real estate companies and has a net wealth of over $15 million.
9. Paul Onwuanibe ($10 Million)
Paul Onwunaibe is the founder and CEO of Landmark Africa, founded in 1997.
He holds a Bachelor’s degree in Architecture and a Master’s degree in Construction Project Management and Environmental Design and Property Development from South Bank University London and Imperial College London, respectively.
Further enhancing his business acumen, he earned an MBA from the prestigious London Business School.
Landmark Africa has provided market research, advisory services, serviced offices, and real estate development to over 5,000 organizations since it was founded.
His net wealth is pegged at $10 million earned through his involvement in real estate.
10. Bamidele Onalaja ($10 Million)
RevolutionPlus Property is a prominent real estate company in Nigeria, with Bamidele Onalaja serving as its Chief Executive Officer.
He bagged a Bachelor’s Master’s in Economics and a Master’s degree in Business Administration from the Lagos State University.
He was a manager for a number of real estate firms before he establishe RevolutionPlus Property Development Company Limited.
So far, Bamidele has a huge net wealth of about $10 million.