The net value of Dele Momodu
Dele Momodu has an estimated net worth of $40 million. He is a Nigerian publisher, journalist, and businessman.
Dele Momodu has a fair amount of experience in both business and journalism, and that is what this post tells in detail.
Dele Momodu is the founder and CEO of Ovation International, a magazine in Nigeria. He is also one of the richest journalists, earning money from various sources including his magazine.
The magazine is well known not only in Nigeria but in various parts of the world, including the various states of Africa.
Dele Momodu’s Biography
Dele Momodu is a Nigerian philanthropist, journalist, actor, politician, motivational speaker, publisher, and businessman born on 16 May 1960.
Against all odds, the astute journalist Dele Momodu has succeeded in becoming one of Nigeria’s most respected journalists.
Becoming an adult
As he grew up, Dele Momodu had a hard time, so much so that if someone else had the same experience as he had in his childhood, it would be just right to give up.
In 1995 Dele Momodu was arrested by police officers for expressing his views on the need for democracy in Nigeria.
He overcame many hurdles, and today all that has disappeared, leaving Momodu a famous, wealthy, and influential figure in the Nigerian publishing industry.
In 2015, he officially launched Ovation TV and also launched The Boss – an online newspaper platform.
He has made an immense contribution to the world of music, fashion, business, politics, sports, and the arts, and has received numerous awards for his contributions.
Dele Momodu is widely known as the creator of “PENdulum” – a treatise on issues arising in Nigeria relating to politics, sports, fashion, and people.
The article is published on the back of the ThisDay Newspaper and is highly appreciated by the public.
With the instrument of the PENdulum, Dele Momodu was considered the voice of authority for the political party APC in 2015, which contributed to Muhammadu Buhari’s victory over Goodluck Jonathan in the 2015 presidential elections in Nigeria.
Dele Momodu is the last child of 3 children in the family. His father died when he was 13 years old, and his mother, along with other supportive relatives, took on the burden of raising him.
His mother later died on May 18, 2007, and after the incident, things went in the wrong direction. She suffered from high blood pressure, arthritis, and diabetes as a result of obesity.
At the age of 45, she suffered from several diseases until she tested negative at the age of 60 for most of the diagnosed diseases for which she tested positive at 45.
In 1982 Dele Momodu graduated from the University of Ife (now known as Obafemi Awolowo University) with a degree in Yoruba.
In addition, he received his Master’s degree in English Literature from Ife University in 1988.
After graduating from the Yoruba Department of Ife University in 1982, he began teaching as an NYSC candidate at the Oyo State College of Arts and Science in Ile-Ife until 1983.
At the end of his teaching tenure, he served as his private secretary under the former deputy governor of Ondo State, Chief Akin Omoboriowo, from 1983 to 1985.
In 1986 he worked as manager of the Motel Royal Limited under the management of Ooni of Ife, Oba Okunade Sijuwade Olubuse II.
Later he took up further studies in English literature, which he completed with a Master’s degree.
During this period of study at the University of Ife, he began writing articles for newspaper publications in Nigeria, including ThisDay, The Guardian, and The Sunday Tribune.
On July 30, 2016, Dele Momodu received his doctorate with the title “Doctor of Humane Letters” from the University of Professional Studies, Accra, Ghana.
Dele Momodus’s career began in 1988 when he secured a position as a staff writer. He wrote for the African Concord magazine, owned by the late Chief Moshood Kashimawo Olawale Abiola.
In 2017 Dele became a pioneer of the staff and was now transferred to Weekend Concord, where he wrote the first cover story for Weekend Concord in 1989.
In addition to the aforementioned publications in which Dele Momodu has been involved, he also wrote articles for the Yoruba Newspaper, Sunday Concord, National Concord, and others.
Dele Momodu quickly rose to the literary editor and was later promoted to news editor of the Weekend Concord publication, where he was transferred to by African Concord magazine.
In May 1990, Dele Momodu rose to become one of the highest-paid editors after he achieved an appointment as editor of a celebrity magazine called May Ellen Ezekiel’s Classique.
He eventually gave up publishing and ventured into the business as a bread distributor for Wonderloaf – a bread company owned by the late Chief Moshood Abiola.
He then founded Celebrities-Goodwill Limited, a public relations organization that managed the accounts of celebrities in Nigeria, including Dr. Mike Adenuga and Bello-Osagie.
After retiring from bread distribution, he joined the Moshood Abiola Presidential Campaign Organization in 1993.
Imprisoned for broadcasting views
After Babangida annulled the Nigerian presidential elections on June 12th, Dele Momodu was sought, caught and arrested in Alagbon Close in Lagos State, Nigeria, for propagating the democratic creed, broadcasting his personal opinions and being accused of being the mastermind behind Radio Freedom – a radio station that was labeled a pirate station.
Fortunately, he fled Nigeria to Cotonou, disguised as a local farmer. From Cotonou, Republic of Benin, Dele Momodu moved to Togo and then to Ghana.
He finally settled in the United Kingdom, where he stayed until the charges against him were resolved.
Birthing Ovation International
He founded Ovation International in 1996 and was able to return to Nigeria after the death of Sani Abacha. Unfortunately, his mentor at that time, MKO Abiola, was executed in prison before that time.
Over time, Ovation International has become a well-known magazine in Africa, with a focus on celebrities, and is published in two of Africa’s most spoken and understood languages – English and French.
Ovation Christmas Carol
Starting in 2008 Dele Momodu will organize an annual event called Ovation Carol and Awards.
The event is organized in December and is a famous Christmas ceremony in West Africa.
Although the maiden edition of the event started in 2008, the event was not held in 2010 due to the political affair, the presidential elections that took place in 2010.
On 12th January 2011 Dele Momodu became the presidential candidate of the National Conscience Party (NCP) and won the primaries against Atei Beredugo and Chief Martin Onovo.
Family and private life
Dele Momodu is currently married and has four children with Mobolaji Abiodun Momodu.
The couple married on December 19, 1992, and had their first child, Pekan Momodu, in 1994. 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 introduced their fourth child, Korewa.
Dele Momodu is a very busy businessman and politician, he is well connected in Nigerian society, and his influence extends over many levels and layers of socialization in society.
A critical lesson from Dele Momodu
Tell the truth with goodwill. Remain sentimental for the benefit of the people you love. Be honest, and good things will follow.