Dele Momodu Net Worth

Dele Momodu Net Worth

Dele Momodu has an estimated net worth of $40 million dollars.

He is a Nigerian publisher, journalist and businessman.

Dele Momodu has had quite a lot of experience in both business and journalism, and this is what this post elaborately narrates.

Dele Momodu Biography

Dele Momodu is the founder and CEO of Ovation International; a Magazine in Nigeria.

He is also one of the richest journalist who earns from multiple sources including his Magazine.

The Magazine is known not only in Nigeria, but in several parts of the world, including the different States in Africa.

Dele Momodu is a Nigerian philanthropist, journalist, actor, politician, motivational speaker, publisher, and businessman who born on the 16th of May, 1960.

Against all odds, the smart journalist, Dele Momodu, was able to become one of the most reputable journalists in Nigeria.

While growing up, Dele Momodu had a rough time, so much so that if someone else had same experience as him during childhood, giving up would be the exact thing to do.

In 1995, Dele Momodu got detained by police officers for outing his views on the need for democracy in Nigeria.

He went through a lot of hurdles and today, all of that is gone, leaving Momodu a famous, wealthy, and influential personality in the Nigerian publishing industry.

He officially launched the Ovation TV in 2015, and also launched The Boss – a Newspaper platform online.

He has contributed immensely to the world of music, fashion, business, politics, sports, and arts, and has been awarded several times for his contributions.

Dele Momodu is known widely as the crafter of the “PENdulum” – a writeup about matters arising in Nigeria which includes issues on politics, sports, fashion, and people.

The writeup is published at the back of ThisDay Newspaper, and is widely appreciated by the public.

With the tool of the PENdulum, Dele Momodu was regarded as an authority voice for the APC political party in 2015, which contributed to the victory of Muhammadu Buhari over Goodluck Jonathan in the 2015 presidential election in Nigeria.

Dele Momodu is the last child out of 3 children in the family.

His Dad passed away when he was 13 years of age, and his mother along with other supportive relatives took up the burden of raising them.

His mother later passed away on the 18th of May, 2007, things went the wrong way after the incident.

She suffered from hypertension, arthritis, and diabetes as aftermath from obesity.

At the age of 45, she suffered several illness until age 60 when she tested negative to most of the diagnosed illness she tested positive to at 45.

In 1982, Dele Momodu graduated from the University of Ife (now known as Obafemi Awolowo University) with a degree in Yoruba.

He also did his Master’s in English Literature from the University of Ife in 1988.

After 1982, his graduation from the department of Yoruba at the University of Ife, he started lecturing job as an NYSC Candidate at the Oyo State College of Arts and Science, Ile-Ife till 1983.

At the end of his service as a lecturer, he served under the former deputy governor of Ondo State, Chief Akin Omoboriowo, as his private secretary from 1983 to 1985.

In 1986, he worked as the manager of the Motel Royal Limited under the administration of the Ooni of Ife, Oba Okunade Sijuwade Olubuse II.

He later went on to further studies in English Literature, obtaining his Master’s degree in the course.

During this time of study at the University of Ife, he began contributing articles to Newspaper publications in Nigeria including ThisDay, The Guardian, and the Sunday Tribune.

On the 30th of July, 2016, Dele Momodu earned a doctorate degree with the title “Doctor of Humane Letters” from the University of Professional Studies, Accra, Ghana.

Dele Momodu’s career began in the year 1988 as he secured a job as a Staff Writer.

He wrote for the African Concord Magazine owned by the late Chief Moshood Kashimawo Olawale Abiola.

In 2017, Dele emerged a Pioneer of Staff and was now moved to Weekend Concord, writing the first cover story in 1989 for the Weekend Concord.

Aside the aforementioned Publications Dele Momodu contributed to, he also contributed to the Yoruba Newspaper, Sunday Concord, National Concord, and others.

Dele Momodu quickly rose to become Literary Editor, and later got promoted to become the News Editor for the Weekend Concord publication where he was transferred to from the African Concord magazine.

In May 1990, Dele rose to become one of the highest paid after hitting an appointment as the editor of a celebrity magazine named May Ellen Ezekiel’s Classique.

Eventually, he resigned the editing work, and ventured into business as bread distributor for Wonderloaf – a bread company owned by late Chief Moshood Abiola.

He then founded Celebrities-Goodwill Limited, a public relations organization that saw to the management of the accounts of prominent personalities in Nigeria including Dr. Mr. Mike Adenuga, and Mr. Bello-Osagie.

In 1993, he became a member of the Moshood Abiola Presidential Campaign Organization after his resignation from bread distribution.

After the annulment of June 12 Nigerian presidential election by Babangida, Dele Momodu was sought after, caught, and arrested at the Alagbon Close in Lagos State, Nigeria, for propagating democracy creed, airing his personal opinions, and accused of being a mind-master behind Radio Freedom – a radio station which was tagged as being a pirate radio station.

Fortunately, he fled Nigeria to Cotonou, disguising himself as a local farmer.

From Cotonou, Benin Republic, Dele Momodu moved to Togo, and then to Ghana.

He finally settled down in the United Kingdom where he stayed until the allegations dressed against him were all erased.

He founded Ovation International in year 1996, and was able to return to Nigeria after the death of Sani Abacha.

Unfortunately, his then mentor, MKO Abiola was executed in prison before this time.

Overtime, the Ovation International has emerged to become a very famous magazine in Africa with focus on celebrities, and it is published in two of the most spoken and understood languages in Africa – English and French languages.

Beginning from 2008, Dele Momodu hosts an event known as Ovation Carol and Awards yearly.

The event is organized in December, and is a famous Christmas ceremony in West Africa.

Although the maiden edition of the event kicked off in 2008, the event wasn’t hosted in 2010 due to the political affair, presidential election, that took occurrence in 2010.

On the 12th of January, 2011, Dele Momodu emerged presidential candidate for the National Conscience Party (NCP), winning the primaries against Atei Beredugo, and Chief Martin Onovo.

Dele Momodu is currently married with four children to Mobolaji Abiodun Momodu.

The couple got married on December 19th, 1992.

In 1994, they ushered in their first child, Pekan Momodu.

In 1996, they welcomed their second child, Yole Momodu.

In 1997, Dele Momodu and his wife had their third child, Eniafe.

And in 2004, they ushered the fourth child, Korewa.

Dele Momodu is a very busy businessman and politician, he is well connected in the Nigerian society, and his influence runs across many levels and layers of socialization in the society.

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