Okoya Family Net Worth (Updated 2025).

The Okoya family, hailing from Nigeria, began their entrepreneurial journey in the late 1970s when the family patriarch, Chief Molade Okoya-Thomas, established a small trading business in Lagos. With a keen eye for opportunity and a strong work ethic, the family slowly but steadily grew their enterprise, diversifying into various sectors such as real estate, manufacturing, and finance.

Their breakthrough came in the 1990s when the family founded the Eleganza Group, a conglomerate that brought together their diverse business interests under one umbrella. This strategic move not only expanded their reach but also solidified their reputation as a powerful business dynasty. The Okoyas’ commitment to quality, innovation, and community development has since made them a household name in Nigeria and beyond, with their influence extending from the corporate world to politics and philanthropy.

**Okoya Family’s Current Net Worth (2025)**

As of 2025, the Okoya family’s current net worth is estimated to be around $1.5 billion, according to Forbes. This places them among the wealthiest families in Nigeria and Africa.

Frequently Asked Questions about  Okoya Family

1. What is the Okoya Family’s net worth?

The Okoya Family’s net worth is estimated to be around $1.5 billion.

2. Who are the key members of the Okoya Family?

The key members of the Okoya Family include Chief Rasaki Okoya, his wife, Sade Okoya, and their children, including Tunde, Gbemi, and Wunmi Okoya.

3. How did the Okoya Family make their fortune?

The Okoya Family’s fortune is primarily derived from their investments in real estate, manufacturing, and other businesses. They are also known for their philanthropic activities.

4. What are some of the Okoya Family’s business ventures?

The Okoya Family has interests in various businesses, including manufacturing (Rafiu Jafojo Group), real estate (Okoya Investments), and others. They also have significant investments in the stock market.

5. Where do the Okoya Family members live?

The Okoya Family resides in Lagos, Nigeria, with properties in highbrow areas like Ikoyi and Lekki.

6. Are there any political affiliations within the Okoya Family?

While the Okoya Family is known for its philanthropic activities and business acumen, there are no known political affiliations among its members.

7. How does the Okoya Family contribute to society?

The Okoya Family is known for its philanthropic activities, including supporting education, healthcare, and community development initiatives. They have also established scholarships and bursary schemes for students.

8. What is the Okoya Family’s involvement in education?

The Okoya Family has a strong commitment to education. They have established schools, including the Okoya Memorial Grammar School, and provide scholarships to students.

9. How does the Okoya Family spend their money?

The Okoya Family spends their money on various activities, including investments in businesses, real estate, and philanthropic causes. They also indulge in luxury items and travel.

10. What is the Okoya Family’s relationship with other prominent Nigerian families?

The Okoya Family is known to have cordial relationships with other prominent Nigerian families, both within and outside the business and political spheres. They are also known to attend and host high-profile social events together.