Pastor Ashimolowo and His Multi-Billion Naira Real Estate Empire

Pastor Mattew Ashimolowo, unknown to many has a multi-billion real estate empire which he runs simultaneously with his church business.

There have been reports that the cleric whose grass-to-grace story remains inspiring to many Nigerians has called it quits with the pulpit in a bid to face his real estate business squarely. However, while that remains to be confirmed or denied by the top Nigerian pastor,

ENigeria Newspaper takes a look at his multi-billion Naira real estate empire that many know nothing about.

Unveiling Pastor Ashimolowo’s Multi-Billion Real Estate Empire

It is a known fact that Pastor Ashimolowo has spent over 40 years of his life preaching the gospel. The famous televangelist is one of the biggest investors in real estate business here in Nigeria and he has consistently done this for several years on the low.

For instance, the 71 years old cleric despite acquiring real estate at the age of 27, he expanded one of his landed properties to include about 900 acres of land in the Mowe area of Ogun State, where he built six estates before moving on to acquire more parcels of land in Ibeju Lekki coastal area of Lagos.
In addition to owning several properties in Pinnoch Estate, Lekki, Lagos, where he lives in a luxurious, smart-enabled mansion, he also owns several acres of land scattered around Lagos.

Pastor Ashimolowo is also said to be building one of Lagos’s most prominent luxury estates via his Makarios Luxury Properties.
ENigeria Newspaper reports that the luxury estate known as Makarios is a dream city that hopes to rival the Dubai Marina. It sits on 95 acres of land where many rich people are now buying service plots.

The estate, which a German company is constructing, will feature about 10-floor high-rise buildings, 192 terrace houses, and 18 detached houses at completion.

The preacher who married to his wife, Pastor Yemisi for 42 years, is also one of the biggest investors and owners of luxury apartments in Banana Island, Lagos also earmarked almost 300 parcels of land on the luxury estate for sale. While he has a full-time pastor managing the Lagos branch of his church, his first son, Tobi, is in charge of the London branch and headquarters.