Dele Momodu Net Worth (Updated 2026).

Dele Momodu, a prominent Nigerian journalist and publisher, began his career in the vibrant world of media in the late 1970s. Born in 1954, he was drawn to the power of the written word from an early age, a passion that led him to study English at the University of Ife (now Obafemi Awolowo University). After graduating, Momodu’s journey in journalism took off when he joined the prestigious Daily Times of Nigeria in 1979. His talent for storytelling and incisive commentary quickly made him a standout reporter, covering a wide range of topics from politics to entertainment.

Dele Momodu’s Current Net Worth (2025)

As of 2025, Dele Momodu’s net worth is estimated to be around $100 million. This figure takes into account his career in journalism, media, and politics, as well as his various business ventures.

Career

Dele Momodu is a renowned Nigerian journalist, media mogul, and politician. He started his career as a journalist in the 1980s, working for several newspapers before founding Ovation International, a global magazine, in 1996. He has also served as the National Publicity Secretary of the Social Democratic Party and is a chieftain of the Peoples Democratic Party.

Other Ventures

In addition to his media and political pursuits, Momodu has ventured into other businesses. He is the CEO of Boss Newspapers and has investments in real estate and oil and gas. He also has interests in the entertainment industry, with his Ovation Productions involved in movie production and distribution.

Assets

Momodu’s assets include a sprawling mansion in Lagos, Nigeria, valued at over $5 million. He also owns several luxury cars, including a Rolls-Royce Phantom and a Bentley Continental GT. His media companies, Ovation International and Boss Newspapers, are among his most valuable assets.

Annual Income

As of 2025, Dele Momodu’s annual income is estimated to be around $10 million. This is derived from his various business ventures, including his media companies, real estate investments, and political consultancy services.

Frequently Asked Questions about  Dele Momodu

Frequently Asked Questions about Dele Momodu Net Worth

1. Who is Dele Momodu?

Dele Momodu is a Nigerian journalist, media executive, and businessman. He is the CEO of Ovation International, a global media company, and the publisher of Ovation magazine.

2. When was Dele Momodu born?

Dele Momodu was born on March 16, 1954, in Ile-Ife, Osun State, Nigeria.

3. What is Dele Momodu’s net worth?

As of the latest estimates, Dele Momodu’s net worth is approximately $100 million.

4. How did Dele Momodu make his money?

Dele Momodu made his fortune through his media and publishing empire, Ovation International. He also has interests in real estate and other businesses.

5. What is Ovation International?

Ovation International is a global media company founded by Dele Momodu. It publishes Ovation magazine, which covers African culture, politics, and entertainment. The company also has interests in television, film, and other media ventures.

6. Has Dele Momodu run for political office?

Yes, Dele Momodu ran for the presidential nomination of the Social Democratic Party (SDP) in Nigeria in 2018 but lost to Donald Duke.

7. What are some of Dele Momodu’s awards and recognitions?

Dele Momodu has received numerous awards and recognitions, including the Officer of the Order of the Federal Republic (OFR), one of Nigeria’s national honors. He has also been recognized by the United Nations for his contributions to media and journalism.

8. Is Dele Momodu active on social media?

Yes, Dele Momodu is active on social media. He has a significant following on platforms like Twitter and Instagram, where he often shares his thoughts on current events and interacts with his followers.

9. What is Dele Momodu’s educational background?

Dele Momodu obtained a Bachelor of Arts degree in English and Literary Studies from the University of Ife (now Obafemi Awolowo University) in Nigeria. He also has a Master’s degree in Mass Communication from the same university.

10. What is Dele Momodu’s philanthropic work like?

Dele Momodu is known for his philanthropic work, particularly in education and youth empowerment. He has established scholarships and bursaries for students and has supported various charitable causes.