Tinubu vs Atiku: Who is Richer?

Atiku Abubakar and Bola Ahmed Tinubu are two prominent Nigerian politicians that are often subjected to wealth comparisons. While they may not feature on global lists of the wealthiest individuals, it is undeniable that these men possess considerable wealth acquired through diverse means.

This article compares Atiku Abubakar’s net worth and Bola Ahmed Tinubu’s net worth, their depths of their wealth, businesses, and political careers, to answer the question – Who is richer between President Bola Ahmed Tinubu and Atiku Abubakar?

Tinubu’s Net Worth

Bola Ahmed Tinubu is a well-known Nigerian politician prominent in the All Progressives Congress (APC) party. Asiwaju was the Governor of Lagos State from 1999 to 2007 and is often called the Lion of Bourdillon. Presently, he is the President of Nigeria, and he has continued to be influential in politics.

Born on June 29, 1952, in Osun State, Nigeria, Tinubu attended Children’s Home School in Ibadan and St. John’s Primary School in Lagos. He later went to the United States, where he studied at Richard J. Daley College in Chicago, Illinois, and later transferred to Chicago State University. In 1979 he obtained a Bachelor of Science in Accounting from the university.

Tinubu played a significant role in forming the All Progressives Congress and was crucial in ending the 16-year rule of the People’s Democratic Party in Nigeria. He is often seen as an influential figure within the APC and is known as the party’s “kingmaker.”

Ashiwaju Bola Ahmed Tinubu reportedly has an estimated net worth of $8.4 billion, indicating his considerable wealth. In addition to his political career, Tinubu has succeeded in various business ventures and owns several companies throughout Nigeria.

Some notable companies associated with Tinubu include the Lagos Oriental Hotel, TVC Television and Radio, Radio Continental, Ikeja Shopping Mall, and Oando PLC. Tinubu owns many properties across the country, with his Bourdillon mansion in Ikoyi being one of the most expensive homes in Nigeria, valued at approximately N1.5 billion. Moreover, he possesses a private plane, the Bombardier Global Express XRS, valued at $60 million, and enjoys a collection of luxurious vehicles such as a Range Rover, G wagon, and Mercedes.

Tinubu Business Ventures

Bola Tinubu, a Nigerian politician and former Governor of Lagos State (1999-2007), currently holds the position of President of the National Republic of Nigeria. He is prominent in the All Progressives Congress (APC) political party. Besides his political career, Tinubu has also ventured into various business endeavours. Here are some of the notable companies associated with Bola Tinubu:

• The Nation Newspaper: Founded by Tinubu in 2006, The Nation Newspaper is a widely circulated Nigerian newspaper.
• TVC Communications: Tinubu is involved with TVC Communications, a media organization that operates TVC News, TVC Entertainment, and Max FM radio station.
• Lekki Concession Company: Lekki Concession Company Limited (LCC) is a Special Purpose Vehicle established by Tinubu to execute the Eti-Osa Lekki Toll Road concession project. LCC operates and manages the Lekki toll gate in Lagos, Nigeria, which generates revenue through toll collections.
• Oriental Hotel: Tinubu has associations with the ownership of the Oriental Hotel, a luxurious hotel located in Lagos, Nigeria. It is renowned for its opulent accommodations and offers guests a great experience.
• Oando PLC: Tinubu has reportedly invested significantly in Oando PLC, an integrated energy company in Nigeria. However, it is essential to note that his involvement with the company has been subject to controversy and legal disputes.

In addition to these businesses, Tinubu has numerous other ventures across the country. He is known for his hardworking nature and dedication to his endeavours.

Atiku’s Net Worth

Atiku Abubakar is a well-known Nigerian politician and businessman. He was born on November 25, 1946, in Jada, Adamawa State, Nigeria. Atiku has been involved in Nigerian politics and business for many years and has held important positions in both fields.

At the age of eight, Atiku left Jada Primary School in Adamawa. He continued his education at Adamawa Provincial Secondary School in 1960 and completed his West African Senior School Certificate Examination in 1965.

Atiku then went to the Nigeria Police College in Kaduna but couldn’t continue his studies there because he didn’t have the required O-Level Mathematics results. Afterwards, he briefly worked as a Tax Officer at the Regional Ministry of Finance. 1966 he joined the School of Hygiene in Kano and obtained a Diploma in 1967.

Following that, he enrolled at the Ahmadu Bello University Institute of Administration to study Law with financial support from the provincial government. He completed his Law Diploma in 1969.

Atiku Abubakar is said to be extremely wealthy, with an estimated net worth of $1.8 billion. Apart from his involvement in politics, Atiku has achieved great success in different business ventures and is the owner of numerous companies across Nigeria. His notable businesses include the American University of Nigeria, INTELS, Property Development Company (PRODECO), and Atiku Abubakar Farm, among many other investments. These ventures contribute to Atiku Abubakar’s estimated net worth.

Atiku Business Ventures

Atiku Abubakar is known for his political career and success in various business ventures. Let’s explore the different areas he has invested in and how they have contributed to his achievements.

• Transportation: Atiku started with four pickup vans acquired through a hire-purchase agreement. Over time, his transportation business grew significantly.
• Real Estate: Since 1974, Atiku has been investing in properties. He owns significant real estate holdings in Yola, Kaduna, and Abuja, like the Property Development Company (PRODECO), and this has helped him achieve financial success.
• Oil & Gas: In the 1980s, Atiku ventured into the oil and gas industry. He partnered with an Italian businessman named Gabriel Volpi to establish a company called NICOTES, which later became INTELS. This venture played a role in Atiku’s business pursuits.
• Education: Atiku has a keen interest in education. He established ABTI Nursery and Primary School in Yola and later expanded to build ABTI Academy, a high school. These educational institutions eventually became the well-known American University of Nigeria (AUN).
• Agriculture: Atiku has also invested in agriculture, particularly in corn production. His farms became the largest producers of corn in Gongola (now Adamawa State), making a significant impact in this sector.

Discover the Diverse Business Ventures of Atiku Abubakar and the Entrepreneurial Spirit that Has Driven His Success.

Tinubu’s Political Career Vs Atiku Career

In the world of Nigerian politics, two influential figures have made a big impact: Bola Ahmed Tinubu and Atiku Abubakar. They have both had successful careers in politics and gained a lot of attention and support from people.

In this article, we will compare and look at the paths Tinubu and Atiku took in their political journeys. We will talk about their beginnings, their achievements, and how they have made a difference in their careers.

Bola Tinubu

Bola Tinubu, a highly respected Nigerian politician, has significantly impacted Lagos State and national politics. He was elected as the Governor of Lagos State from 1999 to 2007, working on important reforms and development projects that transformed the state into a more prosperous and vibrant place to live.

Currently, Tinubu is the President of the National Republic of Nigeria. He played a crucial role as one of the founders of the All Progressives Congress, a major political party in the country. Since its establishment, the party has become dominant in Nigerian politics, particularly from 2015 onwards.

Tinubu’s influence extends far and wide, making him one of the most influential politicians in Nigeria. He actively supports and endorses political candidates at both the state and national levels, further cementing his impact on the political landscape.

Atiku Abubakar

Atiku Abubakar was elected as the Vice President of Nigeria starting from the year 1999 to the year 2007 under the administration of Olusegun Obasanjo. He was a member of the People’s Democratic Party (PDP), the ruling party then. As Vice President, he was crucial in implementing economic reforms during the Obasanjo administration.

Throughout his political journey, Atiku Abubakar has made multiple attempts to become the President of Nigeria. He participated in several presidential elections in 2007, 2011, 2019, and 2023. Despite being a prominent figure with a substantial support base, he has yet to succeed in winning the presidency.

Atiku Abubakar is known for advocating economic and political reforms in Nigeria. He has emphasized the importance of diversifying the Nigerian economy, improving education, and fighting corruption. He has also called for restructuring Nigeria’s federal system to give more power to the states and address regional imbalances.

However, Atiku Abubakar’s political career has been marred by controversy. He has faced allegations of corruption and has been investigated by Nigerian authorities. These allegations have posed significant challenges to his political aspirations. Nevertheless, Atiku Abubakar remains influential in Nigerian politics and has established a strong reputation nationwide.

Who Is Richer Between Tinubu and Atiku?

Regarding wealth, Bola Ahmed Tinubu GCFR has a significantly higher net worth than Atiku Abubakar. Tinubu’s estimated net worth is $8.4 billion, while Atiku’s net worth is $1.8 billion. This indicates a substantial difference in their financial positions.

While both individuals have made investments and own remarkable properties, the wealth gap between Tinubu and Atiku is considerable. It is worth mentioning that Atiku Abubakar has also achieved significant financial success throughout his career. However, Tinubu’s wealth surpasses Atiku’s by a considerable margin.

Frequently Asked Questions 

How rich is Tinubu? 

Bola Ahmed Tinubu is reported to have substantial net worth. His estimated net worth is around $8.4 billion. Tinubu’s wealth is primarily attributed to his successful business ventures and investments in various sectors, including real estate, media, and energy. His extensive business portfolio, combined with his political career, has contributed to his significant financial success. It’s important to note that net worth estimates can vary, and the exact value of Tinubu’s wealth may be subject to change over time.

Who is the richest between Atiku and Tinubu?

Bola Ahmed Tinubu is considered to be wealthier than Atiku Abubakar. Tinubu’s net worth is around $8.4 billion, whereas Atiku’s is estimated at $1.8 billion. However, it’s important to note that net worth figures can vary, and there may be fluctuations in the wealth of both individuals over time.