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The Five Richest Pastors In Nigeria
Jun. 7 2011 - 12:22 pm | 2,525 views | 0 recommendations | 1 comment


London-based Nigerian Pastor Matthew Ashimolowo

God is good, especially if you’re a Nigerian pastor with some business savvy. These days, millions of souls, desperate for financial breakthroughs, miracles and healing, all rush to the church for redemption. And while the bible expressly states that salvation is free, at times it comes with a cost: offerings, tithes, gifts to spiritual leaders, and a directive to buy literature and other products created by men of God.

Pastors are no longer solely interested in getting people to Heaven; they’ve devised intelligent ways to make good money while reaching out to souls.

Take Pastor Chris Oyakhilome, for example. He is the founder and lead pastor of the Christ Embassy, a thriving congregation with branches in Nigeria, South Africa, London, Canada and the United States. His publishing company, Loveworld Publications, publishes ‘Rhapsody of Realities,’ a monthly devotional he co-authors with his wife. It sells over 2 million copies every month at $1 apiece. He also owns television stations, newspapers, magazines, a hotel, a fast-food chain, and more.

Many other Nigerian pastors are similarly building multi-million dollar empires from their churches. Today, pastors fly around in private jets, drive fancy cars like Daimlers, Porsches and BMWs, don Rolexes and Patek Phillipes, and own breathtaking mansions all over the world.

After the blog post I wrote in May about Nigerian pastors owning private jets, I was bombarded with emails from readers requesting to know the richest pastors in Nigeria. So I set out to investigate the assets of some of Nigeria’s most prominent pastors, and I came up with conservative estimates of their fortunes. I contacted representatives for all of the pastors and all except Matthew Ashimolowo’s representative confirmed ownership of the assets I list. Representatives for Pastor Ashimolowo did not respond to my emails.

Bishop David Oyedepo

Affiliation: Living Faith World Outreach Ministry, aka Winners Chapel

Estimated net worth: $150 million

David Oyedepo is Nigeria’s wealthiest preacher. Ever since he founded the Living Faith World Outreach Ministry in 1981, it has grown to become one of Africa’s largest congregations. The Faith Tabernacle, where he hosts three services every Sunday, is Africa’s largest worship center, with a seating capacity of 50,000. Oyedepo owns four private jets and homes in London and the United States. He also owns Dominion Publishing House, a thriving publishing company that publishes all his books (which are often centered on prosperity). He founded and owns Covenant University, one of Nigeria’s leading tertiary institutions, and Faith Academy, an elite high school.



Chris Oyakhilome

Church: Believers’ Loveworld Ministries, a.k.a Christ Embassy

Estimated net worth: $30 million – $50 million

Last year, the charismatic preacher was at the center of a $35 million money laundering case in which he was accused of siphoning funds from his church to foreign banks. Pastor Chris pleaded no wrongdoing and the case was eventually dismissed. His church, Christ Embassy, boasts more than 40,000 members, several of whom are successful business executives and politicians. Oyakhilome’s diversified interests include newspapers, magazines, a local television station, a record label, satellite TV, hotels and extensive real estate. His Loveworld TV Network is the first Christian network to broadcast from Africa to the rest of the world on a 24 hour basis.



Temitope Joshua

Church: Synagogue Church Of All Nations (SCOAN)

Estimated net worth: $10 million – $15 million

Nigeria’s most controversial clergyman is also one of its richest and most philanthropic. T.B Joshua heads the Synagogue Church of all Nations (SCOAN), a congregation he founded in 1987, which accommodates over 15,000 worshippers on Sundays. The Pastor has remained controversial for several years for his inexplicable powers to heal all sorts of incurable diseases, including HIV/AIDS, cancer and paralysis. For miracle-craving worshippers, it’s the perfect seduction. The church currently has branches in Ghana, the United Kingdom, South Africa, and Greece. In the past three years, he has given over $20 million to causes in education, healthcare and rehabilitation programs for former Niger Delta militants. He owns Emmanuel TV, a Christian television network, and is close friends with Ghanaian President Atta Mills.


Matthew Ashimolowo

Kingsway International Christian Centre (KICC)

Estimated net worth: $6 million – $10 million

In 1992, Foursquare Gospel Church, a Nigerian church, sent Ashimolowo to open a satellite branch in London. But Pastor Matthew had other ideas and decided to set up his own church instead. Today, his Kingsway International Christian Center is reportedly the largest Pentecostal church in the United Kingdom. In 2009, the church posted profits of close to $10 million and assets worth $40 million. Ashimolowo earns an annual salary of $200,000, but his real wealth comes from varied business interests including his media company, Matthew Ashimolowo media, which churns out Christian literature and documentaries. Ashimolowo’s representatives did not respond to a request confirming his net worth and ownership of all these assets.



Chris Okotie

Church: Household of God Church

Net worth: $3 million -$10 million

Pastor Okotie made his first success as a popular pop musician in the 80s. He found the light, embraced the bible and set up the Household of God Church, one of Nigeria’s most flamboyant congregations. His 5,000 member church consists predominantly of Nollywood celebrities, musicians, and society people. He contested and lost Nigerian presidential elections for the third time this year under the Fresh Party, a political party he founded and funds. An automobile lover, he owns a Mercedes S600, Hummer and Porsche among several others.



http://blogs.forbes.com/mfonobongnsehe/2011/06/07/the-five-richest-pastors-in-nigeria/

No wahala, we go beat them again. they will be under pressure and Nigeria will be over pressure.

My cork and my ballz.

Me too.

At last, the patient dog wins! Congratulations, more good things to follow.

Lol! Thank God that Mugabe too dey shit.

What else do you expect from them? A pig will always behave like a pig no matter how clean you try to make it look. These are just apparitions, wait let the money sharing matter begin, then you will see schizophrenic behavior.

may his soul rest in perfect peace. It is time for all these NURTW thing to stop. Why attack innocent passengers leaving their rival groups. GEJ mus try and stop all these NURTW, Boko Haram, etc, rubbish. When will we ever have lasting peace and security in this country?

It gives them more energy to do "their" work.

This is a case of an old wine in a new bottle!

Just unfortunate. There is no security anywhere in Nigeria. Too bad, Corp members are now the victims. The attitude of the police is just a reflection of the I don't care attitude of many Nigerians, even in the face of danger. I hope that GEJ will work on enhancing the security situation in Nigeria.

Is this rigging not better than voting for a controller of killer? Who told you that they did not rig in the north? who told you that these videos are not made up to make people go against the PDP? Whether in PDP or not Jonathan would still have won.

What business does Sanusi have to tell me how to do my cash transactions? How can I go cashless and use ATM when bank workers and their collaborators capitalize on people's pin to defraud them when they use the ATM. Sanusi should first create the enabling environment by getting rid of bank workers defrauding innocent customers before this his cash limit can work.

Let he who doesn't want Goodluck and Patience, be the first to cast his vote to badluck, Riba_, and , _gari!

Every society acts according to their culture and tradition. So stop comparing Nigeria with Japan. Japan has a government that is people oriented and what type of government do we have in Nigeria? What is the poverty level in Japan and what is the poverty level in Nigeria? Man mi, there is no basis for this posting at all.

Who is Dele Momodu? Does he think that Nigeria's presidency is the same as ovation? Well, every dick and harry wants to be heard and noticed! Dele ko, momodu ni!

Segameat or are you called
My View was nothing to get you annoyed instead,you should praise me . . . .This is really how most of you pigs disgrace the Nation . . . . . .Douchebag
I only said the fact . .Afterall I'm  from that country aswell.

You can be of help.
You too needs to be jailed sef . . . .  . .Hoodrat!

Wic kin disgrace? who no go charge wen provoked? if say the oyibo persons carry gun shoot am wetin una for tak. Oh boy no provoke me o, make i no com charge com giv you on blow. three kicks.

I think we should cut the guy some slack.
In the face of provocation even the judge may have reacted the same way.
I feel for the guy. I really do.
He has 8 months to reflect on his action but his whole life ahead of him.
Steven Gerrard did worse but got less than a slap on his wrist as punishment.
Oh well that what we get for our status sometimes.
The Important thing would be to pick himself up after this fall.
Wish him all the best.

I dey feel you o. Who no go fight back when provoked in a "racist" manner? If na oyibo man, dem go jus warn am make e no do so again but because na mi broda, dem ma give am 8 months, na wa ooo. The three other guys wey come attack am why dem no prosecute them?

Whatever he likes he can do but surely one day he will be held responsible for his sins, just like every one of us.

you talked about Shooting stars or Rangers Jazzmen; what is spectacular about them ? this englishman has done something your Shooting stars or Rangers Jazzmen need to emulate if they must be celebrated in like manner. you may wish to take a cue and advise them accordingly, that is, if their trade (abracadabra ?, con ?, scam ? whatever name it may be defined ?) is worth it, and can stand the test of time.

What has the english man done that baba eleran have not done for soothing stars? Lol

Any broadcasting station can organize a presidential debate and any of the presidential candidates is free not to attend. What is the big deal?

we watch 2 much indian film!

wetin dey naija films?

This is becoming common unfortunately as in the states
(by way of MEDIA Nigerian men are viewed as "wife killers";
again that too is unfortunate as we all know i not to be true.
I hope the wife recovers and he gets what is coming to him.

Because many Nigerian women abroad are something else especially when they start this thir nurse thing and believe that they are the breadwinners of their homes forgeting that it was the man that did everything possible to take them abroad.

This man is a compound fool!

That is her f--king business now!

Does it really matter? So long as they do their job well.

Security is a problem in Nigeria, so its no big deal that armed robbers struck. Funke is like many other Nigerians that have suffered such fate in the hand of armed robbers. Thank God she was not killed or molested. We only pray that God should help Nigeria.

nothing is wrong with this so long as their aim is to maintain peace and order in the society.

Congratulations!

What is their problem, if they say they can heal HIV, why not allow them test run the healing on those with established cases of HIV instead of banning them.