Net Worth

Bola Tinubu Net Worth and Biography

What is Bola Tinubu net worth and biography in 2022?

Date of birth 29 March 1952
State of Origin Osun state
Nationality Nigeria
Nickname Asiwaju, Jagaban
Net worth $15 billion
Source of wealth Business and Politics
Ethnicity Yoruba
Marital status Married
Spouse Oluremi Tinubu
Religion Muslim


Bola Ahmed Adekunle Tinubu also known as Jagaban or Asiwaju is a Nigerian accountant, businessman and politician. He has been national leader of the All Progressives Congress (APC) since the party’s formation in 2013. Previously, he served as the Governor of Lagos State from 1999 to 2007 and Senator for Lagos West during the brief Third Republic. In January 2022, Bola Tinubu announced his intention to run for the APC nomination for President of Nigeria in the forth-coming 2023 presidential election.

Let us take a look briefly, Bola Tinubu biography.

Bola Tinubu Biography

Bola Ahmed Adekunle Tinubu, born on 29 March 1952 in Osun State, Nigeria. Bola Tinubu grew up in Lagos where he attended St. John’s Primary School, Aroloya, Lagos. He also went to Children’s Home School in Ibadan, South West of Nigeria. Tinubu then went to the United States in 1975, where he studied first at Richard J. Daley College in Chicago, Illinois, and then at Chicago State University. He graduated in 1979 with a Bachelor of Science degree in Accounting.

He has been national leader of the All Progressives Congress (APC) since the party’s formation in 2013. Previously, he served as the Governor of Lagos State from 1999 to 2007 and Senator for Lagos West during the brief Third Republic.

His mother, Abibatu Mogaji, was a trader that later became the Iyaloja of Lagos State.

In January 2022, Bola Tinubu announced his intention to run for the APC nomination for President of Nigeria in the forth-coming 2023 presidential election.

Bola Tinubu Personal Life

Bola Ahmed Tinubu is married to Senator Oluremi Tinubu. He is blessed with four children namely Jide Tinubu(deceased), Oluwaseyi Tinubu, Abibat Tinubu and Folashade Tinubu(Iyaloja General).

Bola Tinubu’s nephew, Adewale Tinubu is the CEO of Oando Plc.

Bola Tinubu’s mother died on 15 June, 2014 afterwards, Bola Tinubu’s first son, Jide Tinubu died in London as a result of heart attack.

Bola Tinubu Career

Bola Tinubu worked for the American companies Arthur Andersen, Deloitte, Haskins, & Sells, and GTE Services Corporation. After returning to Nigeria in 1983, Bola Tinubu joined Mobil Oil Nigeria, and later became an executive of the company.

Bola “Asiwaju” Tinubu political career began in 1992, when he joined the Social Democratic Party (SDP) where he was a member of the Peoples Front faction led by Shehu Musa Yar’Adua and made up of other politicians such as Umaru Yar’Adua, Atiku Abubakar, Baba Gana Kingibe, Rabiu Kwankwaso, Abdullahi Aliyu Sumaila, Magaji Abdullahi, Dapo Sarumi and Yomi Edu. He was elected to the Senate, representing the Lagos West constituency in the short-lived Nigerian Third Republic.

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After the results of the 12 June 1993 presidential elections were annulled, Tinubu became a founding member of the pro-democracy National Democratic Coalition, a group which mobilized support for the restoration of democracy and recognition of Moshood Abiola as winner of the 12 June election. Following the seizure of power as military head of state of General Sani Abacha, he went into exile in 1994 and returned to the country in 1998 after the death of the military dictator, which ushered in the transition to the Fourth Nigerian Republic.

In the run-up to the 1999 elections, Bola Tinubu was a protégé of Alliance for Democracy (AD) leaders Abraham Adesanya and Ayo Adebanjo. He went on to win the AD primaries for the Lagos State governorship elections in defeating Funsho Williams and Wahab Dosunmu, a former Minister of Works and Housing. In January 1999, he stood for the position of Governor of Lagos State on the AD ticket and was elected governor.

When he assumed office in May 1999, Tinubu promised 10,000 housing units for the poor with little achieved. During the eight-year period of his being in office, he made large investments in education in the state and also reduced the number of schools in the state by returning many schools to the already settled former owners. He also initiated new road construction, required to meet the needs of the fast-growing population of the state.

Tinubu, alongside a new deputy governor, Femi Pedro, won re-election into office as governor in April 2003. All other states in the South West fell to the People’s Democratic Party in those elections. He was involved in a struggle with the Olusegun Obasanjo-controlled federal government over whether Lagos State had the right to create new Local Council Development Areas (LCDAs) to meet the needs of its large population. The controversy led to the federal government seizing funds meant for local councils in the state. During the latter part of his term in office, he was engaged in continuous clashes with PDP powers such as Adeseye Ogunlewe, a former Lagos State senator who had become minister of works, and Bode George, the southwest chairman of the PDP.

Relations between Tinubu and deputy governor Femi Pedro became increasingly tense after Pedro declared his intention to run for the gubernatorial elections. Pedro competed to become the AC candidate for governor in the 2007 elections, but withdrew his name on the eve of the party nomination. He defected to the Labour Party while still keeping his position as deputy governor. Tinubu’s tenure as Lagos State Governor ended on 29 May 2007, when his successor Babatunde Fashola of the Action Congress (AC) took office.

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In 2007, following the landslide victory of the People’s Democratic Party (PDP) in the April 2007 elections, Tinubu was active in negotiations to bring together the fragmented opposition parties into a “mega-party” capable of challenging the PDP. In February 2013, Chief Bola Tinubu’s negotiations in creating a “mega opposition” party became paid off with the merger of Nigeria’s three biggest opposition parties – the Action Congress of Nigeria (ACN), the Congress for Progressive Change (CPC), the All Nigeria Peoples Party (ANPP), a faction of the All Progressives Grand Alliance (APGA) and the new PDP (nPDP), a faction of serving governors of the then ruling People’s Democratic Party into the All Progressives Congress (APC).

In 2014, Tinubu supported former military head of state General Muhammadu Buhari, leader of the CPC faction of the APC who commanded widespread following in Northern Nigeria, and had previously contested in the 2003, 2007, and 2011 presidential elections as the APC presidential candidate. Tinubu initially wanted to become Buhari’s vice presidential candidate but later conceded for Yemi Osibanjo, his ally and former commissioner of justice. In 2015, Buhari rode the APC to victory, ending the sixteen year rule of the PDP, and marking the first time in the history of Nigeria that an incumbent president lost to an opposition candidate.

Tinubu has gone on to play an important role in the Buhari administration, supporting government policies and holding onto the internal party reins, in lieu of his long-held rumored presidential aspiration. In 2019, he supported Buhari’s re-election campaign defeating the PDP candidate Atiku Abubakar. In 2020, following an internal party crisis which led to the removal of Tinubu ally and party chairman Adams Oshiomole, it is believed the move was to scuttle Tinubu’s presidential prospects ahead of 2023.

Bola Tinubu holds both the chieftaincies of the Asiwaju of Lagos and the Jagaban of Borgu kingdom in Niger State, Nigeria.

On January 10, 2022, Tinubu announced his intention to run for the President of Nigeria to President Buhari, this was the formal form of announcement from him.

On June 6, 2022, Bola Tinubu won the APC presidential primary election.

Before going into Bola Tinubu net worth, let us take a look at his properties.

Bola Ahmed Tinubu Properties

Though some of these properties have neither be confirmed or denied by Bola Tinubu, would list out some of the properties.

  • Oriental Hotel
  • Falomo Shopping Complex
  • First Nation Airline
  • Lekki Concession Company
  • Apapa Amusement Park
  • Maiyegun Land Project
  • The Nation Newspaper
  • Renaissance Hotel
  • Tejuoso Market (Joint ownership)
  • Ikeja Shopping Mall
  • TV Continental
  • Converted Lagos Poly land for TVC
  • Owned NNPC Office building in Lagos
  • Radio Continental
  • Owned School of Nursing building in Lagos
  • Tax Collector of Lagos State (owns Alpha Beta, a company Prof. Osinbajo is a
  • director)
  • Oando Oil (Receives over $500 million dollars annually from government petroleum subsidy)
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Chief Bola Tinubu Net Worth

With all these properties and shares in multiple companies, Bola Tinubu is believed to be one of the richest politicians in Nigeria. Bola Tinubu net worth is estimated to be $15 billion.

Let us not forget, Bola Tinubu also has houses, private jet and automobiles as part of his collections.

Bola Tinubu net worth increased after the 2019 presidential election that saw Muhammadu Buhari taking the presidential seat for the second time.

Favorite Quotes From Chief Bola Tinubu

“In politics you can’t be a spectator and hope to succeed. It is like a football game. In the course of playing you sustain injuries and have bruises. You nurse your injuries and continue to play. Thats the only way you can win.”

Bola Tinubu

“I am in the news more because I’m working, Nigerians discuss active men in the field.”

Bola Tinubu

“Mentoring any negative news about me will double the wealth of any news media that published it.”

Bola Tinubu

“My name today is a financial market for journalists, not even elected politicians get the publicity I am enjoying.”

Bola Tinubu

“Go and work till mentioning your name becomes a source of increased wealth for someone. Even my weakness creates wealth for vendor.”

Bola Tinubu

“If you want me to do something for you, line up in an orderly manner. Then I can share my peanuts.”

Bola Tinubu

“We look backwards to recognize the sacrifices and valour of our heroes past. And we also look forward with hope for the future of our Nation and Democracy.”

Bola Tinubu

“The hallmark of every nation is the well-being of its citizens”

Bola Tinubu

“Education is the greatest weapon against poverty, we cannot innovate without education, we need a leader that is a thinker and a doer.”

Bola Tinubu

“When you take away the right of citizens to fair hearing in any democracy, you have committed a crime, and you have set the nation on the path of instability, and destruction.”

Bola Tinubu

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