Asiwaju Bola Ahmed Tinubu Net worth (in naira 2024)

Bola Ahmed Tinubu, the 16th president of Nigeria, is a prominent figure in Nigerian politics and has left a mark on the country’s political landscape and economic policies. From his early days in public service to his instrumental role in shaping the governance of Lagos State, Tinubu’s career is a testament to his vision and leadership. This blog post explores aspects of Tinubu’s political journey, his net worth, and his life. 

Who is Bola Ahmed Tinubu

Bola Ahmed Tinubu, born on March 29, 1952, is a Nigerian politician and former governor of Lagos State. He is a key figure in Nigerian politics and a member of the All Progressives Congress (APC). Tinubu played a crucial role in the formation of the APC, a political party that emerged in 2013 as a merger of several opposition parties.

Tinubu was born in Lagos into the merchant family of Abibatu Mogaji, the Ìyál’ọ́jà of Lagos. He is generally accepted in reliable sources to have been born in 1952. According to Wikipedia, this year of birth is sometimes disputed by political opponents, who argue that he is much older. Some reliable sources note that his age has not been verified.

He is married to Senator Oluremi Tinubu. They have four children: Jide Tinubu (who sadly died at the age of 37), Oluwaseyi Tinubu his first son, who is 38 years old, Abibat Tinubu, and Folashade Tinubu (also known as Iyaloja General) is 46 years old.

Educational Background

Tinubu attended St. John’s Primary School, Aroloya, Lagos before proceeding to Children Home School in Ibadan. He completed undergraduate studies in the United States, first at Richard J. Daley College in Chicago and then at Chicago State University. He graduated in 1979 with a Bachelor of Science degree in Accounting.

Career journey

Before entering politics, Tinubu had a successful career in business, gaining experience in financial management and administration. Tinubu had a successful business career. He worked for American companies, including Arthur Andersen, Deloitte, Haskins & Sells, and GTE Services Corporation, where he gained valuable experience in financial management and administration.

Bola Tinubu’s interest in politics began in the late 1970s. Tinubu’s politics was marked by his involvement in student activism. His passion for social justice and political change laid the foundation for a remarkable career in public service. Tinubu’s early political experiences set the stage for his future roles in government and policymaking.His leadership as a one-time Senator and Governor of Lagos State is often credited with contributing to the economic growth and development of the state. 

He is widely recognized for his role in the formation of the APC in 2013, which brought together several opposition parties to create a stronger political force. He has been influential in Nigerian politics, particularly in the southwestern region, and played a key role in the victory of the APC in the 2015 presidential election.

Political Offices

Bola Ahmed served as a senator and Governor in Lagos state, he is the incumbent president of Nigeria. 

He became a Senator for the Lagos West constituency in 1993 after being elected under the Social Democratic Party (SDP). However, Sani Abacha annulled the elections that same year.

In 1993, Tinubu was appointed the Senator for the Lagos West constituency in Lagos State, marking the beginning of his political career.

After Sani Abacha died in 1998, Nigeria transitioned to civilian rule. During this period, Bola Tinubu ran for the position of governor and won the elections in 1999 under the Alliance for Democracy (AD) party. He served as the 12th Governor of Lagos State from 29th May 1999 to 29th May 2007, succeeded by Babatunde Raji Fashola (SAN). Alongside his political pursuits, Tinubu is an accomplished accountant.

The 2023 Presidential Election in Nigeria marked the constitutional beginning of Bola Ahmed Tinubu’s presidency on May 29, 2023. The inauguration ceremony took place at Eagle Square in Abuja, where Tinubu was sworn in as President by Chief Justice Olukayode Ariwoola at 10:41 AM (WAT).

Source of wealth

Bola Ahmed Tinubu is a smart politician with a keen eye for investments and business. This illustrious politician is a major investor and stakeholder in the following organizations: 

• The Nation Newspaper
• Lekki Concession Company
• First Nation Airline
• Tejuoso Market 
• Tax Collector of Lagos State (owns Alpha Beta, a company with Prof. Osinbajo as a director)
• Ikeja Shopping Mall
• Radio Continental
• Oriental Hotel
• TV Continental
• Apapa Amusement Park
• Renaissance Hotel
• Maiyegun Land Project
• Converted Lagos Poly land for TVC
• Falomo Shopping Complex
• Oando Oil
•  School of Nursing building in Lagos

Vehicles and Houses

One of Tinubu’s prominent residences is located on Bourdillon Road in Ikoyi, Lagos, valued at over N650 million. Furthermore, he is the owner of Lakowe, near Abijo in Ibeju-Lekki, estimated to be worth around N80 billion. 

Tinubu also owns houses in Oyinkan Abayomi, Ikoyi, Banana Island, Asokoro in Abuja, and other prime locations in Lagos, including the Atlantic beachfront and Eleko junction. Tinubu also owns a car park at Gbangbose Lagos Island, Lagos, Nigeria, Nigeria. 

In addition to his impressive real estate, Tinubu has over 20 luxurious cars. Some of them are Land Range Rover, Armoured Land Range Rover, Armoured Land Range Rover Sentinel, and Tinubu Prado Jeep: A brand new armoured Prado Jeep starts at around N45 million.

Some of Tinubu’s cars were gifts from his friends while he got others by himself.

Furthermore, Bola Ahmed Tinubu is the proud owner of a private Bombardier Global 6000 Express jet. This luxurious aircraft, valued at approximately 29 billion naira ($75 million),

Net worth

Bola Ahmed Tinubu’s net worth is estimated to be $9 billion (9 trillion naira), making him the richest politician in Nigeria and the most powerful politician in the Southwestern part of the country.

Tinubu’s estimated net worth in 2024 is $9 billion, and in 2023 is $8.4 billion which is an increase of about $1.4 billion compared to Tinubu’s 2022 net worth which was about $7 Billion.

National Awards

In 2023, Tinubu was awarded the highest national award of Grand Commander of the Order of Federal Republic (GCFR) reserved for Presidents.  

Conclusion

The life of Bola Ahmed Tinubu tells us that we shouldn’t let age limit us from achieving our goals. He is a very wealthy man who reportedly improved the political atmosphere of Lagos and other Southwestern states.