In Nigerian political circles, Bola Ahmed Tinubu, also known as Jagaban, commands both fear from his adversaries and admiration from his supporters, owing to his accomplishments and political influence.
Born on March 29, 1952, Bola Tinubu has significantly increased his net worth over the years, making him Nigeria’s wealthiest politician. His remarkable journey in both politics and the business world has contributed to his financial success.
Among Tinubu’s notable achievements is his pivotal role in ending the 16-year dominance of the People’s Democratic Party (PDP). Bola Ahmed Tinubu stands as a prominent figure in contemporary Nigerian politics, earning him widespread recognition and prompting inquiries into the sources of his wealth and overall net worth.
Tinubu’s Net Worth
Upon completing his studies at Chicago State University, Tinubu gained work experience in the United States. Upon returning to Nigeria, he further expanded his financial portfolio by working for ExxonMobil, contributing to the growth of his wealth.
Beyond his political endeavors, Tinubu has demonstrated consistent success as a businessman. His engagements span various international companies, including Oando, among others, which will be explored in detail shortly.
While Tinubu’s net worth is primarily attributed to his achievements in business, it’s essential to acknowledge that his involvement in politics, notably as the two-term governor of Lagos and his current presidential candidacy under the APC in 2023, has likely contributed significantly to his estimated net worth of approximately $8.4 billion.
Bola Ahmed Tinubu’s Wealth and Political Career
Before Tinubu’s governorship and after, he was regarded as incredibly affluent, but the origin of his wealth remains a mystery to many.
Tinubu’s business interests span diverse industries, including agriculture, hospitality, media, oil and gas, and real estate. While he refuted ownership of several companies, he acknowledged some and was rumored to invest in blue-chip stocks.
Reports suggest Tinubu possesses multiple residences in Lagos, Abuja, the United States, and the United Kingdom. Among these, his Ikoyi mansion stands out, purportedly valued at N650 million.
Automobiles and Private Jet:
His opulent lifestyle extends to an impressive car collection and a private jet:
- Mercedes G-wagon valued at N600 million
- Toyota Prado SUV worth N50 million
- Lexus valued at N13 – N25 million
- BMW estimated at N10 – N11 million
- Ford ranging from N10 – N14 million
- Porsche valued between N50 – N60 million
Additionally, he maintains a private jet reportedly worth about $60 million.
Tinubu ventured into politics in 1992, securing a Lagos West senatorial seat under the Social Democratic Party. Despite challenges, including exile during Abacha’s regime, he returned to advocate for democracy.
His governorship in Lagos State was marked by efforts to modernize the city and tensions with the PDP-led federal government. He won a close re-election bid for a second term.
Post-governorship, Tinubu retained significant political influence, aiding the formation of the All Progressives Congress in 2013 and maintaining a prominent role in southwest politics.
Despite controversy and allegations of corruption in the media, Tinubu remains a significant figure in Nigerian politics. He is currently the All Progressives Congress’s presidential candidate for Nigeria’s 2023 general election.
What is the full name of Nigeria President 2023?
Chief Bola Ahmed Adekunle Tinubu GCFR is a Nigerian politician who is the 16th and current president of Nigeria. He was the governor of Lagos State from 1999 to 2007; and senator for Lagos West in the Third Republic.
How much is Nigerian president salary?
Salary Chief Bola Ahmed Adekunle Tinubu
Chief Bola Ahmed Adekunle Tinubu (President – Nigeria) earns a salary of ₦56,924,997.00 per year.
Who is the next president of Nigeria come 2023?
The 2023 Nigerian presidential election was held on 25 February 2023 to elect the president and Vice President of Nigeria. Bola Tinubu, a former Governor of Lagos State and nominee of the All Progressives Congress, won the election with 36.61% of the vote, which is about 8,794,726 total votes.
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