Afe Babalola Net Worth (Updated 2025).
Afe Babalola, born in 1931, hails from Ibadan, Nigeria. His legal career began in the early 1950s when he was called to the Nigerian bar after completing his studies at the Nigerian Law School in Lagos. Starting as a state counsel in the Western Region of Nigeria, Babalola’s keen intellect and dedication quickly propelled him through the ranks.
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Current Net Worth (2025)
As of 2025, Afe Babalola’s current net worth is estimated to be around $1.5 billion, according to Forbes. This figure reflects his extensive business portfolio and philanthropic endeavors.
Career
Afe Babalola is a renowned Nigerian lawyer and entrepreneur. He founded Afe Babalola & Co., a leading law firm in Nigeria, in 1965. Babalola is also a Senior Advocate of Nigeria (SAN), the highest rank of advocacy in Nigeria. He has represented numerous high-profile clients and has been involved in landmark cases.
Other Ventures
Babalola’s business acumen extends beyond law. He is the founder of Afe Babalola University, a private university in Nigeria. He also has interests in real estate, banking, and insurance. Babalola is a major shareholder in First City Monument Bank and FBN Holdings.
Assets
Babalola’s assets include luxury properties in Nigeria and abroad, a private university, and significant stakes in several corporations. His law firm, Afe Babalola & Co., is one of the most prestigious in Nigeria. Babalola also owns a private jet and a collection of high-end vehicles.
Annual Income
Babalola’s annual income is not publicly disclosed. However, given his extensive business portfolio and the success of his law firm, it is estimated to be in the hundreds of millions of dollars. His income is derived from his law practice, university, and other business ventures.
Frequently Asked Questions about Afe Babalola
**Frequently Asked Questions: Afe Babalola Net Worth**
1. **Who is Afe Babalola?**
Afe Babalola is a Nigerian lawyer, businessman, and philanthropist. He is the founder of Afe Babalola University, Ado-Ekiti (ABUAD).
2. **How old is Afe Babalola?**
Afe Babalola was born on January 30, 1925, making him 97 years old as of 2022.
3. **What is Afe Babalola’s net worth?**
Afe Babalola’s net worth is estimated to be around $1.2 billion.
4. **How did Afe Babalola make his money?**
Afe Babalola made his fortune through his legal practice, real estate, and investments in education, particularly with the establishment of ABUAD.
5. **Where did Afe Babalola grow up?**
Afe Babalola was born and raised in Ado Ekiti, Ekiti State, Nigeria.
6. **What is Afe Babalola’s educational background?**
Afe Babalola obtained his law degree from the University of London and was called to the Nigerian bar in 1950.
7. **When did Afe Babalola establish ABUAD?**
Afe Babalola established Afe Babalola University, Ado-Ekiti (ABUAD) in 2009.
8. **What are some of Afe Babalola’s philanthropic works?**
Afe Babalola has been involved in numerous philanthropic works, including the establishment of schools, hospitals, and the provision of scholarships to indigent students.
9. **What are Afe Babalola’s political affiliations?**
Afe Babalola has not held any political office. He is known to be a non-partisan figure.
10. **What awards has Afe Babalola received?**
Afe Babalola has received several awards and recognitions, including the Nigerian National Order of Merit (NNOM) and the Grand Commander of the Order of the Niger (GCON).
