Top 10 Richest Pastors In Nigeria, Their Net Worth And Source Of Wealth
The Church reveals they no longer live in poverty and pastors have to wait until they reach paradise to receive their benefits. Pastors are doing so well for themselves these days that many people are being pushed to become pastors themselves if only to take advantage of the comfort and luxury that comes with the job.
Churches do not pay taxes, which is a significant factor in the Nigerian pastors’ geometrically rising wealth. Therefore, any revenue generated by the church is retained by it, where it is then decided how to use it by the founder or General Overseer. Many businesspeople or government employees would be green with envy if they saw the impressive assets and large bank accounts that many Nigerian pastors possess.
The top pastors in Nigeria according to their estimated wealth and net worth are listed below:
1. Bishop David Oyedepo.
The richest pastor in Nigeria, Papa Oyedepo is known as Winners Chapel Bishop was born in September 1954, he is also known as Living Faith World Outreach Ministry, the organization he founded.
The church’s administrative center is in Otta, Ogun. According to Guinness World Records, the 50,000-seat church auditorium known as the Faith Tabernacle is the biggest church auditorium in the entire world.
Oyedepo Net worth.
Forbes estimated his net worth at US$180 million in 2022. Presently, his net worth is estimated at US$200 million.
Oyedepo also owns four private jets, stylish cars, and sizable estates spread throughout Nigeria.
Bishop Oyedepo also acquired houses in London and the United States.
Source of wealth.
Dominion Publishing House, which sells all of Oyedepo’s books, is owned by him.
However, he founded Faith Academy, Covenant University, and Landmark University.
Bishop Oyedepo Church.
The Winners’ Chapel network of churches can be found in more than 300 cities worldwide, including Dubai, the United Arab Emirates, the United Kingdom, and all 36 states in Nigeria.
2. Pastor Chris Oyakhilome.
The founder and president of Believers’ Love World Incorporated, commonly known as Christ Embassy, with its headquarters in Lagos, Nigeria, is Pastor Chris Oyakhilome, also known as “Pastor Chris.” Was born on December 7, 1963.
Pastor Chris Oyakhilome Social Media.
The most technologically advanced gospel minister in the nation is certainly Pastor Chris. He has more than 1.2 million Twitter followers and, as of 2013, more than 1.9 million Facebook fans. His ministry runs the social network “Yookos,” which has over 10 million registered users globally, and a customized smartphone messenger called KingsChat. His ministry is also said to support its technologically oriented mission activity with enormous server infrastructures.
The net worth of the pastor Chris Oyakhilome
He started Love World while still a college student. The most important aspect of Oyakhilome’s praying is that each of his followers should give the church a portion of their wages, a practice he refers to as “sowing the seed.” People are urged to donate their precious goods, such as jewelry, watches, mobile phones, cars, and more if they don’t have the money to do so. The church invited the participation of hundreds of fledgling firms to gather more “seeds”. Pastor Oyakhilome receives millions of naira each month just for “seed sowing.”
However, his net worth is estimated to be
His extravagance includes several houses, expensive cars, and private jets.
Pastor Chris Oyakhilome Churches.
Pastor Chris Oyakhilome ministry has worship centers in several cities around Ghana, South Africa, the United Kingdom, the United States, and Canada.
3. Pastor E. A. Adeboye
Pastor Enoch Adejare Adeboye is popularly called “Daddy G.O” by members of his church, The Redeemed Christian Church of God. Pastor E. A Adeboye was born in 1942.
In 1981, Pastor Adeboye was chosen to serve as The Redeemed Christian Church of God’s General Overseer. Papa Akindayomi’s position was replaced by him.
One of the biggest churches in the world is R.C.C.G. The Redeemed Christian Church of God has more than 14000 churches in Nigeria, and it has branches in 192 other countries as well.
The church has a goal of constructing a church within five minutes of every person’s home on earth.
It is known that Pastor Adeboye set up an endowment fund for four colleges in Nigeria. Redeemer’s University, a for-profit university, is likewise run by the church.
Pastor Adeboye owns a Gulfstream G550 private jet worth $75 million.
Source of wealth
Redeemer’s University, a private institution founded in 2005 and located in Ede, Osun State, is named after him.
The church’s administrative offices, schools, a hospital, banks, and other facilities are all located on the estate-like Redemption Camp in Mowe, Ogun State, which was established in 1983. To those who are interested, properties on the 2500 hectares of land are also auctioned (notably church members).
He is thought to be worth about $110 million.
4. Prophet T.B Joshua (Late)
Prophet Temitope Joshua, commonly known as TB Joshua and with an estimated net worth of $25 million, is one of the wealthiest pastors in the nation and is included on our list.
He is well recognized throughout the world and in Africa as the founder of The Synagogue Church of All Nations. In addition, he established Africa’s biggest Christian television network, Emmanuel TV.
With more than 400,000 YouTube subscribers, TB Joshua is frequently referred to as the most well-known and admired pastor on the platform. The preacher is sometimes referred to as the Oprah of evangelism and has more than 2 million Facebook fans.
Forbes said that Joshua was Nigeria’s third-richest pastor as of 2011, however, the church quickly refuted the assertion.
Moreover, TB Joshua has won numerous honors over the past ten years, including being named a Nigerian government Officer of the Order of the Federal Republic (OFR) in 2008 and being chosen as the Yoruba man of the ten years by the pan-Yoruba media outlet Irohin-Odua.
Moreover, pan-African publications like “The Africa Report” and “New African Magazine” have listed him as one of Africa’s 50 most significant persons.
Joshua is renowned for his charitable endeavors. For instance, SCOAN offers a “scholarship program” that meets the academic needs of thousands of students at all levels of education, from primary to tertiary.
A Nigerian student studying for a Ph.D. at Oxford University was sponsored by the pastor in 2012, and according to Nigerian media, the church gave her £100,000 for her studies. He also awarded a woman a scholarship to attend the American Harvard Law School.
Joshua also provided funding for the construction and operation of the “Emmanuel School” in Lahore, Pakistan. He also repaired a school in a rural area of Ecuador that had been wrecked by the earthquake in 2016 and went there for the school’s opening in June 2017.
5. Pastor Matthew Ashimolowo
The well-known pastor of Kingsway International Christian Centre, or KICC, is Pastor Matthew Ashimolowo. Although Ashimolowo’s net worth was estimated by Forbes to be between $6 and $10 million, he is claimed to be worth an estimated $20 million.
He has a salary of £100,000 a year, according to the KICC annual records, but the majority of his fortune comes from the sales of Christian books and films produced by his media firm, Matthew Ashimolowo media. This is congruent with Ashimolowo’s belief in and teaching success-oriented prosperity theology, which is often seen as problematic.
He broadcasts his Winning Ways program every day on Premier Radio in London, Spirit FM in Amsterdam, FaithAfrica (DSTV 341), the Trinity Broadcasting Network (TBN), and The God Channel and Inspirational Network in Europe
6. Pastor Ayo Oritsejafor
Pastor Ayo Oritsejafor, often known as Papa, is claimed to be worth $15 million. The World of Life Bible Church, with its main location in oil-rich Warri, Nigeria, was founded by him.
One of the few pastors in the nation who has a private plane is Papa Ayo Oritsejafor. He also has several expensive automobiles and homes.
The pastor disclosed that he was born again in 1972 and took an oath to serve the Lord Jesus as a servant for the rest of his life in the same year.
In Benin City, he began attending the All Nations For Christ Bible Institute, but he eventually left to found the World of Life Bible Church
In 2005, he was elected to the position of national president of the Pentecostal Fellowship of Nigeria (PFN), which he held for five years
Oritsejafor was chosen as the head of the Christian Association of Nigeria (CAN), the group that represents all Nigerian Christians, in July 2010. He did this to hold the position as the first Pentecostal leader. In 1987, Oritsejafor and evangelist Joe Martins were the first to use satellite technology to broadcast a Miracle crusade from Africa to a global audience.
Together with his wife, Pastor Oritsejafor participates in several humanitarian projects. To launch a program for citizen empowerment, Oritsejafor and his wife Helen teamed up with Flight Micro Finance Bank in December 2005. Since then, Oritsejafor has made it a tradition to conclude each December by helping families throughout the world who are struggling and empowering the least fortunate.
The poverty alleviation program was supposedly held in Warri on December 26, 2016, by the Eagle Flight Micro Finance Bank and the Word of Life Bible Church.
7. Pastor Chris Okotie
The seventh place is quietly occupied by Pastor Chris Okotie. Except for Okotie, no one on my list had ever experienced fame before becoming well-liked clerics. In the 1980s, he was a well-liked pop performer who amassed a significant fortune for himself. Following his conversion to Christianity, he encouraged his Nollywood friends to join his church, “the Household of God.”
Thanks to the money his followers give him, Chris Okotie is currently among the wealthiest pastors in Nigeria. He earns millions by offering his followers copies of the book The Last Outcast. His current net worth is $4.3 billion. His prior business endeavors and singing careers both failed to pay him enough money.
Salary of Pastor Chris Okotie
Okotie took repeated breaks from school to pursue his theology studies, but he eventually graduated from the University of Nigeria, Nsukka, with a law degree.
8. Pastor Gbenga Oso
The founder of Laughter Founder, Gbenga Oso, is reported to have a net worth of $3.5 million.
His congregation, the Laughter Foundation, aids in infertility. He is also renowned for having fathered a million children.
Before founding Laughter Foundation Church, Gbenga Oso served as one of the pastors for the Gospel Faith Mission International.
The pastor disclosed that in 1997, God expressly told him that he would begin a ministry and that its sole area of attention would be fertility issues.
Pastor Oso recalled the testimony of a couple that visited the church a few years ago during an interview. The woman had been married for 35 years without having given birth. She worked in a hospital. She became pregnant when she arrived at the church. When she gave birth to her daughter, she was 59 years old.
The pastor also discussed a couple who had attempted seven IVF procedures without success. They were stationed in the UK, but they quit their jobs there and began going to the Laughter Foundation. The wife became pregnant within a year of going to this church and she eventually gave birth to triplets.
9. Bishop Mike Okonkwo
Bishop Mike is the founder of The Redeemed Evangelical Mission and a gifted clergyman.
Mike Okonkwo has a $3 million net worth.
Before entering the gospel ministry, the clergyman worked for several different companies. The Nigerian Ports Authority, the African Continental Bank, and certain military expertise from the Nigerian civil war are notable examples.
Mike Okonkwo’s primary source of revenue is the monthly tithe of millions of naira that his church receives.
He once acknowledged that to get his members to pay to tithe, he threatened them with curses: I cursed the church for not paying tithes because I didn’t know any better, and I did it because I was ignorant.
You know, we use a lot of semantics, like saying things like, “If you don’t pay your tithe, your life will be tight,” and people pay out of fear of not receiving God’s blessing.
10. Pastor Lazarus Muoka
The Lord’s Chosen Charismatic Revival Movement was started by Lazarus Muoka, who also serves as its general overseer. One of the fastest-growing churches in Nigeria is the church. According to reports, Muoka is worth $3 million.
He was nurtured in a Catholic family and was born in Mgbidi, Imo state. He moved to Lagos a few years after finishing his school education. Before starting his own company, Muoka temporarily worked. Muoka decided shortly after to devote his life to serving God, and shortly after that, he founded his ministry, the Lord’s Chosen Charismatic Revival Movement.
Muoka receives money from the church and is paid to preach, but he is also a well-known author of numerous Christian books and periodicals. How God Called Me, “Mark My Words,” “And Ye Shall Receive Power,” “Ye Must Be Born Again,” and Christianity: A Better and Pure Religion is only a few of his published works.