5 Richest Yoruba Men in Real Estate

In Nigeria, the Yoruba ethnic group boasts a number of influential men who have made their mark in the real estate industry. These businessmen have achieved remarkable success through their vision, perseverance, and strategic investments. 

From developing luxurious residential complexes to constructing iconic commercial properties, they have transformed skylines and left an indelible imprint on the real estate landscape. 

Join us as we explore the incredible journeys and achievements of these trailblazers, whose exceptional wealth and influence have solidified their status as the most prominent Yoruba figures in the realm of real estate.

Sijibomi Ogundele 

Sijibomi Ogundele is the Chief Executive Officer of Sujimoto Construction, a company built out of the abundance of vision to set a new paradigm in luxury real estate. In an interview, Sijibomi said, “We studied projects from France to Italy, Dubai to New York and we decided to beat the best. Our vision for the next 10 years is to remarkably rebuild and turn Nigeria into a world-class country when it comes to luxury edifices. We are holding this vision dearly and working on it firmly.”

Sijibomi who has a current portfolio of over $450 million grew up on the streets of Agege. His company, Sujimoto is taking Abuja by storm with a Luxury Residential Tower- QueenAminaBySujimoto – the tallest residential building in the North. The firm also boasts of Sujimoto Diamond City (SDC), a 38,000m² development in the middle of Victoria Island, a world-class 6-in-1 Mall in the heart of Ikoyi; and the Sujimoto Dubai Project.

Oba Adetola Emmanuel King 

The Chief Executive Officer of Adron Homes and Properties Ltd, Oba Adetola Emmanuel King hails from Ilishan-Remo Ogun State. After studying and garnering experience by working in several real estate organisations, Oba Adetola established Adron Homes in 2012. Adron Homes has grown into a multi-billion naira real estate firm with many subsidiaries across the globe. 

Recognised as the Real Estate Icon of the Year 2018, Oba Adetola has been described as one of the leading employers of labour. Oba Adetola who has built over 40 estates and is continually expanding within the shoes of Africa has a track record of delivering on its promises and prioritises world-class infrastructure. 

Adron Homes is known for high-quality, affordable housing projects, and commitment to providing customers with the best possible experience. Oba Adetola boasts an estimated net worth of $80 million.

Jide Balogun 

Jide has directly overseen developments in excess of $150 million in the Nigerian real estate market. As Co-founder of Primrose Development Company, PDC, Jide is the second son of Otunba Subomi Balogun, the founder of FCMB. 

PDC has established itself as an A-list real estate development company with over thirty years of real estate development experience in Nigeria. Sources estimate his net worth at $55 million. Reports say he hails from Ijebu-Ode, Ogun State, Nigeria.

Prince Adetunji Ogunwisi

Prince Adetunji is another rich Yoruba man in real estate who leads Primewaterview Limited, a subsidiary of Primewater Holdings Limited. His real estate company has a track record of developing residential and commercial properties in premium areas in Lagos and other parts of Nigeria. 

With an estimated net worth of $40 million, Prince Adetunji hails from Ife, Osun State. He is an elder brother to the current Ooni of Ife, Oba Adeyeye Enitan Ogunwusi. He ventured into health care with a plan to build the largest hospital in West Africa. His Primewaterview Medical City was designed to have a total of 2000 beds and create 4000 jobs. 

Femi Adewole 

With over 25 years of experience leading housing initiatives across Sub-Saharan Africa and the United Kingdom, Femi Adewole is the Chief Executive Officer of Family Home Funds. Under his leadership, Family Homes have facilitated the delivery of affordable housing to low-income earners across the six geo-political zones. Adewole boast of an estimated net worth of $35 million. 

His company controls the Nigerian Federal Government Social Housing Program to reduce the impact of Covid-19 in Nigeria by providing over 300,000 houses and jobs. Also, Femi led the team at Family Homes Funds to develop a homeownership programme which received financing approval for US$60m from the African Development Bank. 

Under his leadership, Family Homes Fund also tapped the Nigeria Capital Market for the first Sukuk Bond for affordable housing to raise up to $ 73 million. The real estate expert focuses on developing Afro-centric housing finance solutions to address the unique context of predominantly low-income and informal economies in Sub-Sahara Africa.