You cannot become wealthy just by having a source of income. Almost every one of the Richest Lawyers in Nigeria has seen similar experiences. Even if they are still practicing, many of them have had to diversify into other fields.
Without a doubt, law is a lucrative and respectable profession that may provide a decent livelihood. With a law degree, you would be able to live comfortably, but not as comfortably as any of richest lawyers in Nigeria.
Diversifying is the finest option if you are a law student or graduate who wants to amass a large amount of wealth! Today, we’ll look at the richest lawyers in Nigeria, based on their net worth.
List of Richest Lawyers in Nigeria and Their Net Worth
1. Adewale Tinubu ($700 million)
With a net worth of $700 million, Jubril Adewale Tinubu is currently Nigeria’s richest lawyer according to (Forbes). He is industrious and hardworking, despite coming from an affluent family in Lagos state. His father is a wealthy businessman, and his uncle was previously the governor of Lagos State.
In Lagos, he works as a business consultant as well as a lawyer. He is the current owner of Oando Oil, one of the world’s largest oil corporations. He began his legal career in 1992 as a Corporate law specialist. This is after graduating from Liverpool University.
2. Babatunde Folawiyo ($650 million)
Before going on to study law, Babatunde Folawiyo studied economics at the London School of Economics. In 1984, he received his bachelor’s degree from the University of London. He was later called to the bar and began practicing law in Lagos State.
He is not only a powerful lawyer, but also a business magnate. In 2018, he took over his father’s business and is now the Yinka Folawiyo group’s director. His collection of firms invests in a variety of industries, including agriculture, retail, and real estate.
Babatunde Folawiyo’s net worth is now estimated to be $650 million, according to Wikipedia. He is without a doubt one of Nigeria’s wealthiest lawyers.
3. John Olatunde Ayeni ($600 million)
John Olatunde Ayeni is the third richest lawyers in Nigeria on our list, with a net worth of $600 million. The barrister was born in Iyah Gbede, Ijumu, Kogi State, and attended both primary and high school there. He received his law degree from Ahmadu Bello University and was admitted to the bar in 1991.
He is a practicing lawyer who has made significant contributions to Nigeria’s legal system. He made the majority of his money as a legal counsel to many of Nigeria’s largest brands.
The Nigerian Bar Association’s Ikeja Branch vice chairman, John Olatunde Ayeni, is currently in office. In addition, he is a member of the Nigerian Legal Aid Council.
4. Wale Babalakin ( $260 million)
This is another Senior Advocate of Nigeria (SAN) and a barrister. He hails from Oyo state but pursued his law degree at the Lagos State University.
Wale Babalakin is now a successful lawyer and entrepreneur. In 1983, he was admitted to the Nigerian Bar, following in the footsteps of his father, who was a Justice of the Supreme Court of Nigeria.
He has won numerous court cases and made significant contributions to the Nigerian legal system. He was given the title of Officer of the Federal Republic of Niger in recognition of his efforts (OFR). Wale Babalakin’s net worth is believed to be $260 million at this time.
5. Adewunmi Ogunsanya ($250 million)
In 1984, he was admitted to the Nigerian Bar as a Senior Advocate and Barrister. After completing his studies at the University of Kent in Canterbury, England.
He has practiced law and contributed to legal systems since then. He, like some of Nigeria’s wealthiest lawyers, invests in another industry. He made a multibillion-dollar investment in Multichoice Entertainment. DSTV, GOTV, and Supersport are some of the company’s brands.
He is also in charge of the Trocadero group of businesses. With a net worth of $250 million, Adewunmi Ogunsanya is one of the Richest Lawyers in Nigeria.
6. Jimoh Ibrahim ($200 million)
Jimoh Ibrahim is a lawyer, businessman, and politician. On the 24th of February, 1947, he was born in Ondo State, Nigeria. He earned his bachelor’s and master’s degrees in public administration and law from OAU (LLB). He also got a master’s degree from Harvard University in Cambridge, Massachusetts.
He put his money into a variety of industries, including oil and gas, publishing, insurance, and real estate. Jimoh Ibrahim’s net worth is estimated to be $200 million, according to Forbes.
7. Afe Babalola ($150 million)
Afe Babalola is one of Nigeria’s most powerful and wealthy lawyers. He was born in Ekiti State but studied law at the University of London. He has made significant contributions to Nigeria’s legal system since he began practicing.
He also owns Afe Babalola & Co., one of Nigeria’s largest law firms. He is well recognized for co-founding Afe Babalola University, a private university in Nigeria. He also has a large farm on which he farms. He is currently married and the father of three children. He is currently one of the Richest Lawyers in Nigeria, with a net worth of $150 million.
8. Wole Olanipekun ($122 million)
The SAN attorneys and Barrister is an Ekiti State native, having been born on November 18, 1951. He graduated from Lagos State University with a law degree before being admitted to the Nigerian Bar in 1976.
Through his efforts and pursuit of justice, he has also contributed to the Nigerian legal system. He has also held a number of prestigious posts, including President of the Nigerian Bar Association at one point.
He also serves as Vice President of the Pan-African Lawyers Union (PALU), among other things. He has a net worth of $122 million and is active in a number of businesses.
9. Gbenga Oyebode ($120 million)
Gbenga Oyebode is a practicing lawyer and the co-founder of Aluko Oyebode, a leading Nigerian law practice. He mostly advises corporations and leading brands in a variety of industries.
This includes people in the oil & gas, power, aviation, and other industries. He earned his law degrees from both OAU and the University of Pennsylvania. Gbenga Oyebode’s net worth is estimated to be $120 million at the moment.
10. Femi Falana ($80 million)
Femi Falana is a Nigerian Senior Advocate, a human rights campaigner, and a barrister. The powerful barrister is currently working as a full-time lawyer. He is married to Funmi Falana, who is a lawyer as well.
He is the father of Folarin Falana, also known as Falz the Bahd Guy, a well-known musician, and actor. His practice provided him with the most of his money, and his net worth is currently estimated to be $80 million.
The richest lawyers in Nigeria are known for their immense wealth and influence. While some attribute their success to luck, others believe it is due to the sacrifices they made early on in life. With that said, we hope you have gained valuable insight from this article. If you know of a lawyer with significant assets who should be added to this list, please let us know by leaving a comment below!