Olubadan Net Worth

Olubadan Net Worth, Source of Income and Bio

Olubadan Biography

The Olubadan, a title translating to “Lord of Ibadan,” is a paramount ruler in Ibadan, the largest indigenous city in West Africa. The title has been held by many distinguished individuals, each leaving their unique imprint on the history and culture of Ibadan. This biography focuses on Oba Moshood Olalekan Balogun, the 42nd Olubadan, whose life and reign were marked by significant achievements in academia, politics, and traditional leadership.

Olubadan Net Worth


  • Full name: Oba Moshood Olalekan Balogun
  • Other Names: Olubadan
  • Date of birth: October 18, 1942
  • Age: 81 Years
  • Gender: Male
  • Place of birth: Ibadan
  • Nationality: Nigerian
  • Profession: Politician • Traditional Leader• Lecturer
  • Parents: Ibrahim Balogun (father), Awawu Balogun (mother)
  • Net worth: N/A

Early Life

Oba Moshood Olalekan Balogun was born into the Aliiwo family of Ibadan on October 18, 1942. His father, Ibrahim Balogun, was a prominent cocoa produce merchant and a great-grandson of Balogun Okunmade (Ali-Iwo), an Ogbomoso prince who settled in the present-day Aliiwo compound, Agodi Ibadan, in 1863. His mother, Awawu Balogun, was the Iyalode elepo pupa, the woman leader of the Palm Oil Dealers Association of Lagelu Local Government Area of Oyo State.


Despite his royal lineage, Balogun pursued education diligently. He traveled to the United Kingdom, where he studied for his O and A level certificates while working part-time to sustain himself. Upon completion of his O and A level programs, he proceeded to Brunel University, leaving in 1973 with a master’s degree in Administration and Economics. He later enrolled for his PhD and became an alumnus of the University of Manchester in the UK.


Balogun’s career spanned academia, politics, and traditional leadership. He was a lecturer at one of Nigeria’s oldest universities, Ahmadu Bello University in Zaria. He also served in the Industrial Public Relations department of Shell BP, the British petroleum exploration firm, and subsequently became the head of recruitment and scholarship of the organization. His highest political role was as senator for the same central area of Oyo state that he later served as king.

Personal Life

Balogun was a Muslim and had 2 wives with children. He was known for his peaceful demeanor and listening skills, traits that earned him respect and admiration from his subjects and peers alike.

Source of Income

Balogun’s income sources were diverse, reflecting his varied career. He held positions in academia and politics, and he served on the board of several major companies in Nigeria and overseas, particularly in the oil, agriculture, trade, management, and tourism sectors.

Reign as Olubadan

Balogun ascended the throne as the 42nd Olubadan of Ibadanland on March 11, 2022. His reign, though short, was marked by significant development in Ibadan and Oyo state in general. He was known for his quick response to issues such as kidnapping and national matters. During his tenure, a new palace for the Olubadan was completed, adding to his achievements.

Cause of Death

Oba Moshood Olalekan Balogun passed away on 14th of March 2024, at the age of 81 at the University College Hospital (UCH), Ibadan, Oyo State. His body was buried in line with Islamic rites at his family compound in the city.

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