Adedeji Adeleke Net Worth 2024

Over the past decade, Nigeria has quickly made ‘Adeleke,’ a household name. From the music, business ventures, and political events surrounding this name, Adeleke has risen to a place of significant influence in Nigeria. While other members of the family express a more lavish lifestyle, their patriarch Mr Adedeji Adeleke lives a more conservative lifestyle. Few details are known about him.

In today’s blog post, we will discuss the life of Adedeji Adeleke, his career, net worth, family, and others. 

Adedeji Adeleke

Adedeji Tajudeen Adeleke was born in Enugu State, Nigeria on March 6, 1957,  to Mr. Raji Ayoola and Mrs. Esther Nnenna Adeleke. He hails from Ede in Osun State, Nigeria. He lived in Enugu with his maternal grandmother during his early childhood before moving to Lagos.

Education

Adedeji started his academic journey at Ansar-Ud-Deen Primary School in Lagos from 1965 to 1970. After completing primary school, he attended Seventh Day Adventist Grammar School in Osun State for his secondary education, obtaining his West African School Certificate in 1975.

 In 1976, while working at the Federal Ministry of Education, Adedeji gained admission to Western Kentucky University in the United States. He graduated in 1979 with a Bachelor’s Degree in Finance. He then obtained an MBA from the same university in 1981.

He proceeded to earn a PhD in Business Administration from Columbia Pacific University in San Rafael, California, in 1981. 

Career Journey

Adeleke gained recognition through his diverse ventures, showcasing proficiency in business, real estate, and education. He is a prominent Nigerian businessman and philanthropist.

After completing his NYSC in Nigeria, he established Pacific Holdings Limited in 1983, specializing in various services like drilling and water treatment. The company was incorporated in 1990.

His business journey began with his involvement in Pacific Holdings Limited, a company renowned for its contributions to the Nigerian economy. Over the years, Adeleke demonstrated exceptional acumen in the real estate sector, successfully establishing himself as a key player.

In the educational sphere, he played a pivotal role in the establishment of Adeleke University in Ede, Osun State, Nigeria. The university reflects its commitment to providing quality education and contributing to the intellectual development of the youth.

Adedeji Adeleke is also widely recognized as the father of David Adeleke, popularly known as Davido, one of Nigeria’s most successful and internationally acclaimed musicians.

Throughout his career, Adeleke has not only achieved remarkable business success but has also made significant contributions to philanthropy, supporting various charitable causes and initiatives.

Foundation

In 1996, Adedeji Adeleke launched the Springtime Development Foundation, an NGO focused on empowering disadvantaged communities and individuals to improve themselves and their environments.

 The SDF recognizes the importance of Education in community development. So SDF involved herself in school building development at various levels of Education by providing furniture and school equipment. 

Some of their projects include the building of six classrooms at Seventh-Day Adventist Nursery and Primary School Oke-Oyi Oja, Kwara State, Seventh-Day Adventist High School, Odukpani, Cross-River State respectively, and many more education and development projects. 

Family life

Adedeji married Veronica Imade, their union produced four remarkable children: Adewale, Coco, Sharon, and famous musician Davido. Unfortunately, Mrs Veronica Adedeji passed away in 2003. 

Adedeji’s first Son, Adewale Adeleke was born in 1988. He and his younger brother David Adeleke co-founded the successful HKN record label, where he played an executive role in Davido’s breakthrough album “Omo Baba Olowo.” Adewale now serves as Executive Director at Pacific Holdings Limited, part of his father’s business conglomerate.

Ashley Coco Adeleke-Adaji also works as Executive Director at Pacific Holdings, where she oversees the human resources department.

Sharon Adeleke, founded Rona Wigs Studio, a leading Nigerian hair extensions and wigs brand. Through self-study by watching YouTube tutorials, Sharon has become a skilled wig maker and businesswoman, growing her company significantly.

David Adeleke popularly known as Davido has taken the Nigerian music industry by Storm. After signing his contract with Sony, Davido launched his record label, Davido Music Worldwide. 

Every child of Adedeji Adeleke has been exceptional in their chosen fields. For a man of 66 years, this is a major accomplishment. 

Adedeji Adeleke is an active member of Seventh-Day Adventist and he has used his wealth to celebrate and spread the gospel. 

Source of wealth

Although Adedeji Adeleke has several real estate, his main sources of wealth are Pacific Holdings Limited and Adeleke University.

Pacific Holdings Limited

From its humble beginnings in December 1983 as a single business operation, Pacific Holdings has successfully expanded its scope of business across industries including Banking (Pacific Merchant Bank), Education, Civil Engineering, Energy and Power Generation, Manufacturing, Agriculture, Trading, Freight Services, Gas, and Real Estate. After the incorporation of Pacific Holdings in 1990, Adedeji Adeleke ventured into the oil and gas industry.

 He launched Pacific Gas as an oil and gas company. Other companies in Pacific Holdings include Pacific Drilling Company Limited, Pacific Energy & Gas Limited, and Pacific Securities Limited.

Adeleke University

Adedeji Adeleke is the Pro-Chancellor of Adeleke University, a private university he established in 2011 in Osun State. The university is reputed for its high academic standards and contributions to education and research.

Net worth

Adedeji Adeleke is supposedly the richest man in Osun state with a whooping net worth of $1.7 billion.

 Cars and Gadgets

Adedeji Adeleke has a wide vehicle collection. Some of his top cars include the 2017 Bentley Mulsanne and the Rolls Royce Phantom. 

The 2017 Bentley Mulsanne has an Apple CarPlay, Android Auto, in-car 4G LTE data connection, 60GB media storage, electric curtains, LED headlights, and a horsepower of 505 while the Rolls Royce Phantom has a 6.75-liter twin-turbocharged V-12 engine with a 563 Horsepower.

In 2018, Adedeji Adeleke bought a private jet under the alias of his youngest Son, Davido. The jet is a Bombardier Global Express 6000, one of the most high-end private jets available. It has a range of over 6,000 nautical miles, a maximum cruise speed of Mach 0.90, and spacious luxury interiors that can seat up to 19 passengers. With three living areas, six living suites, and a full galley, it offers all the comforts of a luxury home in the sky.

Conclusion

Adedeji Adeleke’s life story is a testament to his entrepreneurial prowess, commitment to education, and contributions to the development of Nigeria.