Oyedepo, Oyakhilome Top The List Of Nigeria’s Richest Pastors

People view the wealth of men of God from different angles. While some think there’s nothing bad living a good life filled with abundant wealth, others believe men of God are just supposed have enough, and that their calling doesn’t require excess.

Whichever way you choose to look at this, everyone has a right to their opinion.
Here are the five pastors Forbes think are the richest in Nigeria.

1. Bishop David Oyedepo

Affiliation: Living Faith World Outreach Ministry, aka Winners Chapel

Estimated net worth: $150 million

David Oyedepo is Nigeria’s wealthiest preacher. Ever since he founded the Living Faith World Outreach Ministry in 1981, it has grown to become one of Africa’s largest congregations. The Faith Tabernacle, where he hosts three services every Sunday, is Africa’s largest worship center, with a seating capacity of 50,000. Oyedepo owns four private jets and homes in London and the United States. He also owns Dominion Publishing House, a thriving publishing company that publishes all his books (which are often centered on prosperity). He founded and owns Covenant University, one of Nigeria’s leading tertiary institutions, and Faith Academy, an elite high school.

2. Chris Oyakhilome
Church: Believers’ Loveworld Ministries, a.k.a Christ Embassy
Estimated net worth: $30 million – $50 million

Last year, the charismatic preacher was at the center of a $35 million money laundering case in which he was accused of siphoning funds from his church to foreign banks. Pastor Chris pleaded no wrongdoing and the case was eventually dismissed. His church, Christ Embassy, boasts more than 40,000 members, several of whom are successful business executives and politicians. Oyakhilome’s diversified interests include newspapers, magazines, a local television station, a record label, satellite TV, hotels and extensive real estate. His Loveworld TV Network is the first Christian network to broadcast from Africa to the rest of the world on a 24 hour basis.

3. Temitope Joshua

Church: Synagogue Church Of All Nations (SCOAN)

Estimated net worth: $10 million – $15 million

Nigeria’s most controversial clergyman is also one of its richest and most philanthropic. T.B Joshua heads the Synagogue Church of all Nations (SCOAN), a congregation he founded in 1987, which accommodates over 15,000 worshippers on Sundays. The Pastor has remained controversial for several years for his inexplicable powers to heal all sorts of incurable diseases, including HIV/AIDS, cancer and paralysis. For miracle-craving worshippers, it’s the perfect seduction. The church currently has branches in Ghana, the United Kingdom, South Africa, and Greece. In the past three years, he has given over $20 million to causes in education, healthcare and rehabilitation programs for former Niger Delta militants. He owns Emmanuel TV, a Christian television network, and is close friends with Ghanaian President Atta Mills.

4. Matthew Ashimolowo

Kingsway International Christian Centre (KICC)

Estimated net worth: $6 million – $10 million

In 1992, Foursquare Gospel Church, a Nigerian church, sent Ashimolowo to open a satellite branch in London. But Pastor Matthew had other ideas and decided to set up his own church instead. Today, his Kingsway International Christian Center is reportedly the largest Pentecostal church in the United Kingdom. In 2009, the church posted profits of close to $10 million and assets worth $40 million. Ashimolowo earns an annual salary of $200,000, but his real wealth comes from varied business interests including his media company, Matthew Ashimolowo media, which churns out Christian literature and documentaries. Ashimolowo’s representatives did not respond to a request confirming his net worth and ownership of all these assets.


5. Chris Okotie

Church: Household of God Church

Net worth: $3 million -$10 million

Pastor Okotie made his first success as a popular pop musician in the 80s. He found the light, embraced the bible and set up the Household of God Church, one of Nigeria’s most flamboyant congregations. His 5,000 member church consists predominantly of Nollywood celebrities, musicians, and society people. He contested and lost Nigerian presidential elections for the third time this year under the Fresh Party, a political party he founded and funds. An automobile lover, he owns a Mercedes S600, Hummer and Porsche among several others.

16 Comments

  • Tank God 4 dia lives. Hope d̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ use dia wealth τ̅☺ affect ppl
    If U̶̲̥̅̊ r A̷̷̴̐͠ Nigerian.den U̶̲̥̅̊ must visit Ʈђi§ blog
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  • To God Most High be the glory in Christ Jesus.
    Let us call a spade a spade. Bishop DAVID Oyedepo; Pastor CHRIS Oyakhilome;
    Senior Prophet Temitope B JOSHUA; MATTHEW Ashimolowo; and CHRIS Okotie, are
    evidence that God is very active in Nigeria.
    ‘Let reason together says the Lord’, is ABRAHAM a poor man? Is King DAVID
    not the father of the richest and wisest man King SOLOMON? Is ISSAC also called
    ISRAEL not so rich that the land could not contain his stocks and assets like
    ABRAHAM and LOT his nephew? Read Gen.13.2; mark the word ‘VERY RICH’; read also
    Proverb 10.22, ‘The blessing of the Lord maketh rich’.
    Seek first the kingdom of GOD and ALL things shall…’ Let call a spade a spade;
    these are real men of GOD. Check their names against their mentors in the bible
    and tell me if these are poor. They are real men of God so don’t envy them; they
    hardly sleep or rest.
    I am expecting someone to accuse them of bribery and corruption not mega philan
    thropist like TB Joshua,mega entrepreneur/preachers like Oyedepo or Oyakhilome
    Ashimolowo and Okotie. They are not the likes of Ibori and Ibru; check it out ok?
    May I use this opportunity to say that to beg is better than to steall or slander.
    One thing I have in common with THEM is JESUS CHRIST and the TRUTH.
    I am a geographer/historian. I need money in researches and publication of manus-
    cripts that solves most problems in Nigeria.
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  • Hey! wait a minute; T B Joshua, Chris Oyakhilome, Oyedepo, Laz Muoka,
    Ashimolowo, and Okotie is showing the world that Nigeria is not as bad as such.
    People come from the world over to seek what defiles conventional sciences by these men of GOD through CHRIST JESUS.
    Let the president proclaim a national day of prayer for the forgiveness of
    sins committed by our ancestors during the trans-Atlantic/Sahara slave trade. Niger-area suffered about 600 years of kidnappings, savagery, and slavery. Thanks to the passing of the abolition bills by the British parliament in 1807 and 1833, against these barbaric acts world-wide.
    Wait a minute! What is the relationship between baptism, water, flooding and Jonah via Nineveh? Check it out ok?
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  • hmm..may God av mercy on us…instead of storing riches in heaven,they r storing theirs on earth…lord have mercy on those u have called to preach ur word

  • Why do we give examples from d old testament about wealthy kings. Christ brought christianity and any follower must imitate him and his ordained disciples. I have said it b4 any xtian who saves any money when another person(his neighbor) is hungry is failing d greatest command given by christ himself :love ur neighbor as urself.: moreso as ourselves what labor gives d men of God so much money and d answer is nothing. They are nt doing any job worthy of physical payment, they are suppose to be working for God ,and are spose to be paid by God not man. Gods payment is nt worldly wealth but spiritual bcos God is nt a man.. Man made money and it belongs to “caesar” No man of God is spose to be rich as far as another man on earth is hungry,homeleas or
    cllotheless.

  • well….Forbes has done good job by telling us where they belong financially….I would only say that we allow the judge of all judges place a judgement for them, if their wealth deserves questioning….

  • I think we should worry more on how to make heaven by living a righteous life, life of thanksgiving and praise to the Almighty God. Let us not judge others cos it is of th Lord

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