Bola Ahmed Tinubu net worth in Naira is estimated to be ₦4.8 Trillion [$6 billion]. Jagaban or Asiwaju as he’s fondly called is believed to be the richest or wealthiest politician alive in Nigeria due to his controversial bullion van saga.
Hence, in this post, we will be taking an in-depth dive into the Jagaban’s Empire to unravel everything you need to know about his wealth, assets, luxury, source of wealth, and flamboyant lifestyle.
Who Is Bola Ahmed Tinubu?
Bola Ahmed Tinubu is a Nigerian leader in politics. He’s currently the 16th president of Nigeria. Before that, he was the governor of Lagos State from 1999 to 2007. He also served as a senator for Lagos West in the Third Republic.
Tinubu was born in Lagos and his family was into trading. His mom, Abibatu Mogaji, held an important position in the market. His birth year is believed to be around 1952 according to reliable sources, but some people who don’t support him politically argue that he’s even older. It’s not confirmed exactly how old he is.
Tinubu went to school in Lagos when he was young. Later, he went to the United States and learned about accounting at Chicago State University. In the early 1990s, he came back to Nigeria and got a job at Mobil Nigeria as an accountant.
After that, he got into politics. In 1992, he ran for the position of Lagos West senator under the Social Democratic Party.
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Tinubu started his political journey in the early 1990s when he joined a group called the Social Democratic Party (SDP). He won a spot in the Senate in 1992, but his time there got cut short because of a military takeover in 1993.
When democracy returned in 1999, Tinubu became the governor of Lagos State. He was in charge for two terms and during that time, the state grew really fast economically. He also set up the Lagos State Internal Revenue Service (LIRS), which turned out to be one of Nigeria’s best tax collection groups.
Even after he finished being governor, Tinubu stayed active in politics. He played a big role in creating the All Progressives Congress (APC), the party that’s in charge in Nigeria. He also played a big part in helping Muhammadu Buhari become president in 2015.
Then, in 2023, Tinubu was elected as the president of Nigeria. This is important because he’s the first person from the Yoruba group to become president since Olusegun Obasanjo in 1999.
Tinubu’s Political Milestones
Here’s a rundown of important moments in Bola Ahmed Tinubu’s political journey:
1992: He became a Senator representing the Social Democratic Party.
1993: His time as a Senator was ended early due to a military takeover.
1999: He was chosen as the governor of Lagos State.
2007: People voted for him again to continue as the governor of Lagos State.
2013: He played a big role in creating the All Progressives Congress (APC) party.
2015: He was a key part in helping Muhammadu Buhari become the president.
2023: He won the presidential election and became Nigeria’s president.
Bola Ahmed Tinubu Net Worth
Bola Ahmed Tinubu is believed to possess a fortune ranging from $6 billion to $8 billion. This immense wealth positions him as one of Nigeria’s wealthiest individuals. He has gathered this wealth through a mix of activities, including his business ventures, political affiliations, and property ownership.
Tinubu established Tinubu Holdings, a company headquartered in Lagos that invests money. He’s also involved in industries such as oil and gas, real estate, and telecommunications.
Beyond his business achievements, Tinubu has prospered in politics as well. He served as the governor of Lagos State from 1999 to 2007, showcasing his successful political career.
Bola Ahmed Tinubu Net Worth: Income Sources
Bola Ahmed Tinubu’s wealth comes from various sources:
- Tinubu Holdings: This is a company he started that invests in different areas like oil and gas, real estate, and telecommunications.
- Political ties: Tinubu is a strong politician with close connections to Nigeria’s ruling party. This has given him chances for beneficial government contracts and more.
- Properties: He’s thought to possess upscale properties in Nigeria and possibly other countries.
- Corruption: Accusations of corruption have been directed at Tinubu on multiple occasions. The Economic and Financial Crimes Commission (EFCC) has conducted investigations regarding these claims, but as of now, no charges have been officially brought against him.
Remember, the exact amount of Tinubu’s wealth isn’t known. His net worth is just an estimate.
Bola Ahmed Tinubu is married to Oluremi Tinubu, and they have four children together:
- Folashade Tinubu-Ojo
- Seyi Tinubu
- Jide Tinubu (passed away in 2017)
- Abibat Tinubu
In addition, Tinubu has three children from previous relationships:
- Kazeem Olajide Tinubu
- Oluwaseyi Tinubu
- Bunmi Oshonike (mother’s name rumored)
Tinubu practices Islam as his religion. He is part of Afenifere, a Yoruba social and cultural group. He’s also a member of the National Democratic Coalition (NADECO), a pro-democracy organization formed to oppose the military rule of Sani Abacha.
Tinubu’s wealth has sparked a lot of debate. Some people claim he gained it unfairly, while others argue it’s from legal sources. In 2022, Transparency International labeled him as one of the most corrupt politicians globally.
However, it’s crucial to know that Tinubu has never been proven guilty of any wrongdoing. The accusations against him are just that – accusations. Still, the frequency of these claims does raise questions about where his wealth comes from.
Tinubu is a complex and controversial figure. He’s a skilled politician with notable accomplishments. But he’s also faced corruption allegations and been seen as a powerful political influencer. The ultimate judgment of his presidency will only come with time.
Bola Ahmed Tinubu Net Worth: Final Submission
In the end, the actual origin of Bola Ahmed Tinubu’s wealth remains a mystery. Since he hasn’t revealed his assets or earnings, it’s impossible to definitively determine how he amassed his fortune.
Nonetheless, the accusations surrounding him imply that his wealth might have been acquired through questionable methods.
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