Bola Ahmed Tinubu’s net worth is one of the many things people seek to know about as he is extremely wealthy and has countless investments and properties in Nigeria, especially in Lagos State.
Bola Tinubu is an influential politician, and this post is about his net worth, political career, personal life, biography, and background.
Bola Ahmed Tinubu’s Net Worth (Forbes) 2019
Bola Ahmed Tinubu has an estimated net worth of $2.7 billion dollars.
He earns from several sources aside the cash pay from politics.
Bola Ahmed Tinubu owns a 1000 hectares of land in Lakowe which is valued at N75 billion naira.
The land was given to the Lekki concession company.
The land is being developed as a golf course and housing estate.
The Parkview Ikoyi Estate Foreshore which is a 14 hectare of land and which was claimed by the Lagos State Government is said to be worth N3 billion naira and owned by Ahmed Tinubu.
Also, he was given as pension for being a former Lagos State Governor under the Lagos State Pension Plan the Annex of the Lagos State guest house which is located in Asokoro, Abuja State, and was bought for N450 million naira by the Lagos State Government in 2006.
The house was transferred to him after his tenure elapsed and he left office.
The annex was acquired to protect the main house from breaches in security watches and blocks.
The N450 million naira 5-bedroom detached house known as the Oyinkan Obayomi Drive in Ikoyi, Lagos State was originally the property of the Lagos State Government and its guest house since 1979 but was acquired by Tinubu in 2007 and after Fashola resumed office.
The property was released to Bola Ahmed Tinubu by Fashola in 2007.
Bola Tinubu’s N1 billion naira residence located at Bourdillon Road, Ikoyi, is also a notable asset of his.
The property which is developed as Royal Garden Housing Estate and managed by one of Tinubu’s company, Trojan Estate Limited, is a N35 billion naira worth 250 hectares of land originally preserved for the construction of a General Hospital for the Eti-Osa community, and is now a property of Tinubu.
Sir Tinubu as a politician has a classy taste for cars as be owns some of the most expensive cars including a N600 million naira G-Wagon which is bullet proof and bomb detective with surveillance cameras.
A private jet worth $60 million dollars was also acquired by Tinubu for personal use.
Bola Tinubu’s hotel in Lagos, Oriental Hotel, which is a first-class modern suited hotel in Lagos is said to worth N120 billion naira alongside his “The Choice” property at Lekki, Lagos State.
Ahmed Tinubu also owns jointly with ARM and Tunji Olowofe, the recreational centre at Oniru Estate, Lekki.
His belongings also include the 3.8 hectare of land at the Lagos State Fisheries Office located in Victoria Island.
The land is said to be valued at N3.8 billion naira.
Another Choice property of Ahmed Tinubu includes N500 million naira worth Fishery Landing Jetty located at Badore.
The billionaire in dollars is the proud owner of the N15 billion naira Ogudu Foreshore Scheme.
Both the former Julius Berger yard valued at N450 million naira and the Ilubirin housing estate worth N2.5 billion naira are part of his assets.
Part of Tinubu’s wealth includes the New Era Foundation Youth Camp his wife, Remi Tinubu built in Lagos State, Nigeria.
He also owns the TVC Radio Continental.
Tinubu owns the Oando Oil that is now managed by his biological brother.
The Oando Oil company is singly the biggest indigenous oil production company in Nigeria with an equity of N162 billion naira and a revenue of about N449 million naira.
Bola Tinubu also has shares and investments in hundreds of businesses across and outside the country.
Biography & Early Life
Bola Ahmed Tinubu was given birth to as Bola Ahmed Adekunle Tinubu on the 29th of March, 1952.
He was born in Lagos state, Nigeria.
Chief Bola Ahmed Tinubu St. John’s Primary School in Lagos State, and Children’s Home School in Ibadan.
In 1975, he traveled to the United States to further his studies at Richard J. Daley College, Chicago, Illinois.
He then went to study at the Chicago State University, US.
In 1979, Bola Tinubu graduated successfully with a B.Sc. in Accounting.
After his graduation, he worked at GTE Services Corporation, Haskins & Sells, Arthur Anderson, and Deloitte.
In 1983, he moved back to his country, Nigeria where he worked at Mobil Oil and quickly rose to become an executive in the Oil company.
Bola Ahmed Tinubu’s career started in year 1992 when he was part of the Social Democratic Party.
During the Third Republic, Tinubu got elected to represent the Lagos West Constituency in the Nigerian senate.
After the annulment of the June 12, 1993 presidential election, Tinubu became a core member of NDC (National Democracy Coalition).
In 1994, he went into exile for a period of four years, returning in 1998 after the death of Sani Abacha – military dictator and tyrant.
In 1999, Bola Tinubu became an Alliance for Democracy (AD) programme.
He gained victory over Funsho Williams and Wahab Dosunmu in the primaries for the Lagos state gubernatorial elections, and was elected as the Executive Governor of Lagos state on the Alliance for Democracy ticket.
In May 1999, Chief Bola Tinubu assumed office and promised the poor in the state 10,000 housing units.
He catered for the population growing rapidly in the state by implementing road construction projects.
Bola Ahmed Tinubu also invested heavily in education in Lagos State during his time in office.
In April 2003, Bola Tinubu won the reelection to office alongside a new deputy governor, Femi Pedro.
With the exception of Lagos, all other states in the south was won by the People’s Democratic Party.
As the Governor of Lagos State, Tinubu had issues with the Federal Government over the capability of Lagos State to create new Local Council Development Areas to provide for it’s rapidly growing population.
The issue made the Federal Government to stop funding the Local Councils in Lagos State.
Bola Tinubu also had issues with politicians like Bode George, and Adeseye Ogunlewe.
The relationship between Femi Pedro and Bola Tinubu got intense after Femi Pedro made his intention to run for the gubernatorial elections clear.
Femi Pedro contested to become the governor candidate for the AC political party.
On the party nomination, he had this name withdrew and later decamped to the Labour Party while occupying the office as the deputy governor.
On the 29th of May, 2007, Bola Tinubu stepped down as the governor of Lagos State, and was succeeded by Babatunde Fashola who had been his Chief of Staff while he occupied the office as the Lagos state governor.
In April 2007, Bola Tinubu was brought before the Code of Conduct Tribunal for trial by the Federal Government over the operation of 16 distinctive foreign accounts.
This happened after the elections in 2007, but before the takeover of office by the new government.
In January 2009, Bola Tinubu alongside the governors of Delta State and Akwa Ibom State, James Ibori and Obong Victor Attah respectively were cleared of charges of official corruption concerning the 2004 sale of V-mobile network shares, money laundering, and conspiracy by the Economic and Financial Crimes Commission (EFCC).
In March 2009, it was discovered that a plot was arranged to assassinate Bola Tinubu.
The issue was called upon to be investigated thoroughly by the Inspector General of Police, Mike Okiro.
After the PDP (People’s Democratic Party) gained victory in the elections held in April 2007, Bola Ahmed Tinubu made attempts to unite the small parties and make them a strong whole capable of countering the PDP in 2011.
In July 2009, in a bid to ensure a free and fair election in 2011, Tinubu urged that the electoral reforms be revisited as spelled in Uwais report.
In December 2009, an issue arose between Babatunde Fashola and Tinubu pertaining the ambition of Fashion to run for reelection in 2011.
Tinubu eventually laid low, as the public view of Fashola was good and not with a stain of intense corruption.
Another saga that came up with the administration of Fashola brought Tinubu against him again in 2015.
Not bothered with all that’s been happening, Fashola relaxed and handed over to Akinwunmi Ambode who took over the office after the end of his (Fashola) tenure.
Chief Bola Tinubu is married to his amiable wife, Oluremi Tinubu.
Oluremi happens to be a very influential woman, and one who has occupied the seat of office of the senator representing Lagos central.
On the 15th of June, 2014, he lost his mother, Abibatu Mogaji who passed away at age 96.
On the 31st of October, Tinubu sadly lost his son, Jide Tinubu, who died of cardiac arrest in London.