In the bustling city of Lagos, Nigeria, a prominent figure stands tall in the world of business, real estate, and philanthropy. Olu Okeowo, born on May 15, 1965, is a renowned Nigerian businessman and the founder of Gibraltar Constructions Nigeria. With a net worth of $250 million, he has made a significant impact on the construction and real estate industries in the country. But Olu Okeowo’s influence extends beyond business, as he is also recognized for his philanthropic endeavors and his commitment to his faith. Let’s take a closer look at the life and achievements of this exceptional individual.
Olu Okeowo was born to Pa Taiwo Victor Okeowo’s family in Lagos, Nigeria. His father, a successful businessman and choirmaster at the Nigerian Methodist Church, instilled in him strong values and a conservative upbringing. Okeowo’s childhood was marked by strict parental guidance, which kept him indoors after school. He completed his primary and secondary education in Nigeria before embarking on further studies abroad.
After his educational pursuits in Austria and the Caribbean, Olu Okeowo returned to Nigeria in the late 1980s and initially worked as a housekeeper at St Nicholas hospital in Lagos. Witnessing the economic challenges due to the devaluation of the naira, he decided to venture into entrepreneurship. Okeowo started his business by creating burglary proofs and iron-wrought furniture, but he soon transitioned into construction and civil engineering, building homes and infrastructure across the country.
The establishment of Gibraltar Construction Nigeria Limited marked a turning point in Olu Okeowo’s career. The company became a prominent construction powerhouse, taking on numerous projects, including building renovations, storage tank fabrication, real estate sales, and leasing. One of the most notable achievements of Gibraltar Construction is the opulent Parkview Estate in Ikoyi, where Okeowo resides in the grand Palacio de Okeowo. This magnificent three-story Victorian-style mansion is often referred to as the French mansion and showcases Okeowo’s penchant for luxury and elegance.
Olu Okeowo is not only a successful businessman but also a devoted family man. He is happily married to Lady Adejoke Okeowo, and together they have three children. Their firstborn, Oluwatumininu Okeowo, followed in his father’s footsteps and now serves as the CEO of Gibraltar Constructions Nigeria. The youngest son, Ibukun Okeowo, is known by his stage name DJ Mufasa and has made a name for himself as a performer.
Beyond his business achievements, Olu Okeowo is actively involved in philanthropy. He donated the Sir Olu Okeowo Physiotherapy Centre to the College of Medicine at the Lagos University Teaching Hospital (LUTH), exemplifying his commitment to improving healthcare and education in Nigeria. Additionally, Okeowo’s strong Christian faith has led him to be honored as a Knight of John Wesley.
Olu Okeowo Net Worth
$250 million
Conclusion:
Olu Okeowo’s journey from a conservative upbringing to becoming a leading figure in the Nigerian business landscape is truly inspiring. As the founder and CEO of Gibraltar Constructions Nigeria, he has left an indelible mark on the construction and real estate sectors. Beyond his professional success, Okeowo’s philanthropic efforts and dedication to his family and faith serve as a testament to the impact one person can make in their community and beyond.
FAQs
Who is Sir Olu Okeowo?
Sir Clement Oluwatumininu Okeowo is a prominent Nigerian real estate magnate and philanthropist. He is the founder and chairman of Gibraltar Construction Nigeria Limited, a company renowned for executing high-end residential and commercial projects across Nigeria. Initially pursuing a career in medicine, Okeowo transitioned into construction, where he built a formidable reputation in the real estate sector.
What is Sir Olu Okeowo’s estimated net worth?
Sir Olu Okeowo’s net worth is estimated at approximately $250 million. His wealth is primarily derived from his successful ventures in real estate development and construction.
What does Sir Olu Okeowo own some notable properties?
One of Sir Olu Okeowo’s most distinguished properties is the Palacio de Okeowo, a Victorian-style mansion located in Parkview Estate, Ikoyi, Lagos. This opulent residence spans five acres and features a 500-seater auditorium known as the Solomon Chapel of Praise. The mansion also houses a garage with a collection of luxury vehicles, including Rolls Royce, Bentley, and Mercedes-Benz models.
What philanthropic contributions has Sir Olu Okeowo made?
Sir Olu Okeowo is deeply committed to philanthropy. Notably, he donated a building to the Department of Physiotherapy at the College of Medicine, University of Lagos, marking the largest private individual donation to the university.
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