E-Money net worth is estimated to be around $70 million, according to our intensive research on his business dealings and assets. Born Emeka Okonkwo, E-money is a famous Nigerian businessman known for his lavish spending and generous philanthropic acts.
E-Money has amassed a sizable fortune through various ventures in industries like entertainment, oil and gas, and shipping. However, his rise to wealth was challenging, having come from humble beginnings rather than being born into a wealthy family.
Against the odds, his success story is a testament to achieving remarkable results through hard work and perseverance over time. In this article, we will look closer at E-Money businesses, houses, cars, and other assets that have contributed to E-Money’s impressive net worth.
|Date of Birth
|February 18 1981
|State of Origin
|5 ft 9
|Source of Wealth
|Entrepreneur, investor and business tycoon
E-Money has a net worth estimated at $70 million as of 2024. As of early 2021, E-Money’s net worth was reported to be around $55 million, reflecting his continued success and influence in Nigeria’s business landscape.
How E-money Makes His Money
E-Money has amassed his wealth through various successful ventures. Here’s a full list of his income sources:
- Emmy Cargoes Nigeria Limited: E-Money is the CEO of Emmy Cargoes Nigeria Limited, a shipping and clearing services company established in 2007. The company provides import and export services globally and also sells brand-new and pre-owned luxury cars of American specifications at competitive prices.
- Five Star Group: He owns the Five Star Group, which is involved in the production of made-in-Nigeria tomato paste, sweet corn, coconut milk, and mackerel in tomato sauce. The group is also active in the oil and gas business.
- Five Star Music is a record label that has signed top Nigerian artists, including E-Money’s brother KCee and HarrySong. The brand has been successful in the music industry and has contributed to E-Money’s wealth.
- Oil and Gas Ventures: E-Money is involved in the oil and gas industry, with investments and business activities in this sector contributing to his overall income.
- Real Estate Investments: He has invested in high-end properties, including luxury homes in Los Angeles, Miami, and New York, as well as several luxury resorts.
These reflect his entrepreneurial spirit and business acumen, leading to his substantial net worth.
Born on the 18th of February, 1981, in Lagos State, Nigeria, specifically in Ajegunle, E-Money rose to fame for his lavish lifestyle, earning him one of his nicknames, “Arab Money.” E-Money’s journey to success began in 1997 when he founded a shipping company called Borisa Nig. Ltd, which was later renamed Emmy Cargoes Nig. Ltd in 2007.
In 2009, he established Five Star Music, which has produced numerous hit songs and contributed to his wealth and influence in the entertainment industry.
Despite his wealth and success, E-Money is a devoted family man. He is happily married to Juliet, and the couple has three sons. Their names are Kingsley Jr. (born 2012), Jeremy (born 2014), and Ezra (born 2017). Although his family is based in the United Kingdom, E-Money frequently visits them.
E-Money’s relationship with his wife, Juliet, is a testament to their enduring love and partnership. He often speaks fondly of her, acknowledging her support during his early struggles and expressing his deep admiration for her. Despite the distance,
E-Money is an active philanthropist and the founder of the E-Money Foundation, which supports education, healthcare, and economic development initiatives. His philanthropic activities have also contributed to his public image and overall wealth.
E-Money owns several luxurious homes across Nigeria, each on a different side of the country.
One of his most famous residences is a gold-plated mansion in Omole Estate, Ikeja, Lagos. This magnificent property is estimated to be worth over N250 million and features a private gym, swimming pool, and cinema.
He also owns a mansion in Lekki, Lagos, further solidifying his status as a prominent real estate investor.
Furthermore, he has a village home in Uli, Anambra State, which explains his connection to his roots and his investment in properties across different regions of Nigeria.
E-Money’s homes are a testament to his extravagant lifestyle and appreciation for luxury living. Each property reflects his taste for grandeur and sophistication, making them a topic of fascination for many admirers and followers of his lavish lifestyle.
Full list of E-money Cars
E-Money is not only interested in houses but also cars; here is the full list of all his cars:
- Two 2020 Rolls-Royce Phantoms, each valued at over 250 million Naira
- Pimped Mercedes-Benz Sprinter, valued at approximately 70 million Naira
- Bulletproof Lexus LX 570
- Toyota Land Cruiser V8
- Mercedes Benz S560 Sedan
- Mercedes Benz G-Wagon
- Armored Lexus LX 570
- Prado Jeeps
- Range Rovers Sport
- Ford F-150
E-Money Private Jet
E-Money does not currently own a private jet, as there is no evidence to suggest that he has purchased one. Despite his significant wealth, there is yet to be any information available to confirm the acquisition of a private jet by E-Money at this time.
In 2020, E-Money was questioned by the police for reportedly misusing the privileges of having police escorts. The interrogation occurred at the Police Headquarters Annex in Ikoyi, following orders from the Inspector General of Police, Mohammed Adamu.
E-Money spent about six hours answering questions from police detectives and was allowed to leave after someone bailed him. He was asked to return the next day for further questioning. This came after it was observed that he was treating the police escorts like domestic staff.
In conclusion, E-Money has built his wealth through various successful ventures, including shipping, entertainment, oil and gas, and real estate. His dedication to his family, philanthropy, and luxurious lifestyle has made him a prominent figure in Nigeria. Despite some controversies, his business acumen and entrepreneurial spirit have contributed to his substantial net worth and influence.