Introduction
Matthew Ashimolowo is one of the most renowned pastors in the world, with a large following in Africa and beyond. He is a prolific author and international speaker, known for his dynamic preaching and teachings on prosperity and Christian living. Over the years, he has amassed a significant amount of wealth, which has raised questions about his net worth and how he made his money. In this blog post, we will delve into the details of Matthew Ashimolowo’s net worth and uncover the sources of his wealth.
Early life and ministry
Matthew Ashimolowo was born in Nigeria in 1952 and was raised in a Muslim home. He converted to Christianity in the late 1970s and began his ministry as a probationary pastor in the Foursquare Gospel Church. In 1989, he founded the Kingsway International Christian Centre (KICC) in London, UK, where he currently serves as the senior pastor and general overseer. Over the years, KICC has grown to become one of the largest and most successful churches in the UK, with a congregation of over 12,000 people.
Books and media
Matthew Ashimolowo is a prolific author and has written several books on topics such as prosperity, faith, and Christian living. Some of his most well-known titles include “What is Wrong With Being Black?”, “The Power of Positive Prayer”, and “The Coming Wealth Transfer.” He has also produced several DVDs and CDs of his sermons and teachings.
Real estate
One of the major sources of Matthew Ashimolowo’s wealth is his real estate holdings. He owns several properties in different parts of the world, including the UK, Nigeria, and the United States. In 2005, he purchased a home in Florida for $1.6 million, which he later sold for a profit of $800,000.
Business ventures
Matthew Ashimolowo is also involved in several business ventures, including a media company that produces Christian-themed films and TV shows. He has also invested in several other businesses, including a bank and a telecommunications company.
Controversies
Matthew Ashimolowo has faced several controversies over the years, including accusations of financial impropriety and mismanagement of church funds. In 2005, it was revealed that he had received a salary of £100,000 a year from KICC, in addition to other allowances and benefits. This led to calls for greater transparency and accountability in the administration of the church.
Philanthropy and charity
Matthew Ashimolowo is known for his philanthropic and charitable activities, particularly in Africa. He has donated millions of dollars to various causes, including education, healthcare, and poverty alleviation. He also founded the Matthew Ashimolowo Scholarship Fund, which provides financial assistance to students in Africa who are pursuing higher education.
Awards and recognition
Matthew Ashimolowo has received several awards and honors for his contributions to the community and the church. In 2009, he was awarded an honorary Doctorate of Divinity by the University of Central America. He has also been recognized by the Nigerian government for his philanthropic work and contribution to national development.
Conclusion
Matthew Ashimolowo’s net worth is estimated to be around $10 million, which is largely derived from his real estate holdings, books, media, and business ventures. While he has faced some controversies over the years, he is widely respected for his contributions to the church and community, particularly in Africa. His story is an inspiration to many, and his teachings on faith and prosperity continue to impact millions of people around the world.
FAQs
1. What is Matthew Ashimolowo’s net worth?
Matthew Ashimolowo’s net worth is estimated to be around $10 million.
2. What is Kingsway International Christian Centre?
Kingsway International Christian Centre (KICC) is a large and successful church in London, UK, founded by Matthew Ashimolowo.
3. What is Matthew Ashimolowo known for?
Matthew Ashimolowo is known as a prolific author, international speaker, and pastor, with a large following in Africa and beyond.
4. What is the Matthew Ashimolowo Scholarship Fund?
The Matthew Ashimolowo Scholarship Fund is a charitable organization that provides financial assistance to students in Africa who are pursuing higher education.
5. What are some of Matthew Ashimolowo’s most well-known books?
Some of Matthew Ashimolowo’s most well-known books include “What is Wrong With Being Black?”, “The Power of Positive Prayer”, and “The Coming Wealth Transfer.”