Edo state is home to thousands of wealthy Nigerians spread all over the world. Inhabitants of the state boasts of sterling point ranking in the political, social, business, religious, oil and gas, manufacturing, lifestyle, real estate and every other industry/sector of the Nigerian economy. The 2022 billionaire listers are richer than they have been in years. Dr. Gabriel Osawaru Igbinedion has maintained his spot unshakably For the past 10 years.

METHODOLOGY
Our list tracks the wealth of Edo based billionaires who reside in Edo state or have their primary business there, thus excluding all other extremely wealthy sons and daughters of Edo state who is involved in non self-made professions like politics and those who do not reside in the state.
Net worths were calculated using stock prices and currency exchange rates from standard algorithms. To value privately-held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies.
Some list members grow richer or poorer within weeks or days of our measurement date.
Top ten richest people in Edo State 2022 list


1. SIR CHIEF DR. GABRIEL OSAWARU IGBINEDION & FAMILY
Net worth: $600 million
Origin of wealth: Education, Entertainment, Aviation
Industry: Entertainment/Lifestyle
Age: 87
Residence: Benin City

Photo credit: Google images

Gabriel Osawaru Igbinedion, Edo State’s richest person, founded Igbinedion University Okada, Nigeria’s first private university.
He owns thousands of land plots around Benin city (Edo State capital) and has sold many to the biggest companies in the state.
Hails from Okada village Edo state and Was the first to import motorcycles to Nigeria (Okada his hometown) and that’s why motorcycles are called Okada till date in Nigeria.
He is a very revered chief (Esama) in Benin City and the honorary Romanian consul to Edo and delta states of Nigeria.
The Igbinedion family owns Kada conglomerates. A business empire that consists of Igbinedion university teaching hospital IUTH, Okada Air (a now defunct airline company), TV/radio station, world class entertainment center, chain shopping malls, chain 5-star hotels, chain restaurants and more.
Chief Gabriel is a philanthropist. He also built schools, marketplaces and churches (including the mega St. Gabriel the archangel Cathedral, Benin City) which he donates for charity.

2. MATTHEW OKOJE
Net worth: $500 million
Origin of wealth: Banking, real estate, oil & energy
Industry: Diversified

Photo credit: LinkedIn

Matthew okojie has served as a senior executive in Afribank Nigeria Plc, intercontinental bank PLC, Standard Trust Bank PLC, Trust bank limited, Broad bank of Nigeria and Union Bank of Nigeria.
He started Maynard Engineering works Ltd after which he started Clyde petroleum and gas Ltd where he presently serves as the CEO.

3. MITCHELL ELEGBE
Net worth: $350 million
Origin of wealth: Payments and transactions
Industry: FinTech
Age: 52
Residence: Benin city



Photo credit: Google images

Mitchell Elegbe is the MD/CEO of Interswitch, an integrated payment and transaction company in Nigeria.
He was formerly with Schlumberger Wireline and Testing, and Telnet, an ICT engineering and consulting company until 2002, when he started the Interswitch group where he is currently the Group Managing Director and Chief Executive Officer.
He is a globally recognized and well awarded young businessman
For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade.
He was the third generation of his family to run DeBeers, and took the company private in 2001.
In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights.
He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

4. Julian Osula
Net worth: $305 million
Origin of wealth: Lifestyle, Luxury, Jewelry
Industry: manufacturing
Age: 56
Residence: Benin/Lagos

Photo credit: Opera images

Julian Osula is also a lawyer as he bagged his LLB then later went on to the Nigeria Law School and finished in the year 1989.
Julian started off his career and worked at the defunct First City Merchant Bank and the Alpha Merchant Bank, before he started his own company a few years after.
He the started Manla Enterprises. The company was widely known for supplies of souvenirs and printing. During this period, he serviced big clients like Elf Petroleum, Texaco, INEC, Access Bank, and the Nigerian Presidency.
In 2004, he got a contract to supply warships spare parts to the Nigerian Navy. After which he started two other luxury based companies.
In 2011, Osula started a company, Stiple Gate, which dealt with sales of solely luxury watches. And 2013 brought about Julian’s Luxury, which explored more into luxury goods from exclusive timepieces and jewelry to accessories and writing instruments.

5. JOHNSON SULEMAN
Net worth: $110 million
Origin of wealth: Religious
Industry: Religious
Age: 51
Residence: Auchi

Photo credit: Celebration Tv

Johnson Suleman is an apostle and the general overseer also known as president of the Omega fire ministry spread across the world.
He has traveled round all continents of the world preaching the gospel.
The church is best known to be a prophetic ministry with hundreds of thousands of worshippers worldwide
He is the sole owner of the church and also has business registered under the ministry which includes a hotel, fueling station, water manufacturing company, laundry company, cable television station, a restaurant he built to feed one thousand people for free every day, and a transport company.
In recent years, Suleman has been very controversial in the media and has serially been accused of having sexual relationships with several women worldwide.

6. ARUMEMI JOHNSON AND FAMILY
NET WORTH: $100 million
Origin of wealth: Airlines, farms, Constructions
Industry: Diversified
Age: 78

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Impressive list, Nigeria is blessed with wealthy people, we only have issues with Governance, tribalism, corruption, etc

God, please remember me. Not only dat, Mide1data step up ya hustle.