Senator Ademola Adeleke Biography and Net Worth Explored

Publish date: 2024-07-29

Senator Ademola Adeleke (born May 13, 1960; Age: 63 years old) is a Nigerian businessman and politician with a net worth of $560 million. He served as a senator representing the Osun-West senatorial district from 2017 to 2019 and won gubernatorial elections in Osun State in July 2022.

Ademola is also a businessman and founder of Origin International Limited. He worked with Guinness Nigeria Limited and Pacific Holding LTD as an Executive Director. He is also famous for being a member of the Adeleke family. He is the brother of billionaire businessman Adedeji Adeleke, uncle of David “Davido” Adeleke, and father of singers B-Red and Sina Rambo.

Summary of Ademola Adeleke’s Bio

How Old Is Senator Ademola Adeleke Now?

Senator Ademola Adeleke is currently 63 years old. He was born on May 13, 1960, in Ede, Osun State, to a Yoruba-Muslim father, Raji Ayoola Adeleke, and an Igbo-Christian mother, Nnena Esther Adeleke.

The politician’s siblings are mostly reported as 2 – Isiaka Adeleke and Adedeji Adeleke. However, a biography on Wikipedia about his father, Ayoola Adeleke, reports that he is a brother of 4, and his father was married to 2 wives.

He Hails From a Family of Notable People Known as The Adeleke Family

His Father was a Senator

Chief Raji Ayoola Adeleke is the father of Ademola Adeleke and the grandfather of Davido. He was born in 1923 and served as a senator in the second republic in the Senatorial District 11 of Osun State.

Apart from this, Ademola Adeleke’s father was the vice-president of the United Labor Congress of Nigeria and served as the Director of the Organisation Federal Labour Advisory Council.

His Older Brother, Isiaka Adeleke, was the First Governor of Osun State

Isiaka Adeleke, the older brother of Sen. Ademola, was born on January 15, 1955, and served as the first governor of Osun State in 1992 after the state was carved from Oyo State.

When he was 52 in 2007, he became a senator under the People’s Democratic Party (PDP) and lasted until 2011. In 2015, he won the same seat under the All Progressives Congress (APC). In 2017 and 2 years into his second tenure, he died after suffering a heart attack.

Senator Ademola’ Brother, Dr. Adedeji Adeleke, is One of Nigeria’s Richest Businessmen

Born on March 6, 1957, and aged 66 years old, Dr. Tajudeen Adedeji Adeleke is the older brother of Senator Ademola. He is one of the richest Nigerian business people with a net worth estimated at $900 million.

Dr. Adedeji is the CEO of Pacific Holdings Limited. He is famous for establishing the first vast poultry in his hometown, Ede. Senator Ademola’s brother, who is also the father of Davido, has business in the sectors of borehole drilling, banking, and energy; and is the founder of the Adeleke University, Ede, Osun State.

His Nephew Davido is an Accomplished Singer

Senator Ademola Adeleke is the uncle of Nigerian singer David Adeleke who is better known as Davido “Omo Baba Olowo.” He is best known as a notable Afrobeats singer and one of the most celebrated musicians in Africa.

The multi-award-winning is most famous for songs such as Blow My Mind, Assurance, Fall, If, and Dami Duro. Senator Ademola shares a close relationship with Davido, and the singer was at the forefront of his uncle’s gubernatorial campaigns in 2018 and 2022.

Two of His 8 Children are into Music

The Dancing Senator is a father to 8 and is married to Titilola Adeleke. The children are Nike Adeleke, Ayootola, Goke, Sina Rambo, Adenike, and Folasade.

Among them, B-Red is a musician who has been in the music industry since 2013. He is best known for his All The Way Up EP and The Jordan album. His other son, Sina Adeleke, famed as Sina Rambo, is also a Nigerian musician. His songs include Earthquake, God Pass Them, Kosomono, Lamborghini, and Sisi Eko.

Other Renowned Members of the Adeleke Family

Ademola Adeleke’s Educational Background

Adeleke attended different schools within and outside of Nigeria. In his earliest years, he attended Methodist Primary School, Surelere, Lagos. He later transferred to Nawarudeen Primary School, Ikire. For his secondary education, he attended Seventh Day Adventist Secondary School, Ede, and later Ede Muslim Grammar School, Ede.

Jacksonville State University, Alabama, US; Atlanta Metropolitan State College, the US, where he obtained a bachelor’s in Criminal Justice in 2001. Despite this portfolio that he has recorded over time as regards education, the politician was dragged to court for forging his secondary school testimonial and WAEC result.

The evidence given concerning this was that Adeleke claimed that he graduated in 1988 from Ede Muslim Grammar School, Osun State. However, it was reported that Osun was not created at the time. In another report, it was recorded that even though he reported that he wrote WAEC, the mode of the exam had not been created the year he claimed to have graduated.

Going deeper into the accusation, it was alleged that the same Principal who signed his testimonial at the time of his supposed graduation in 1988 also signed a 2018 testimonial. Despite the many accusations, the case was dismissed for failing to prove that the educational qualification of the 63 years old businessman was false.

What Is Ademola Adeleke’s Net Worth?

The net worth of the Osun State native is estimated at $580 million. Although he was born into a family of wealth, he added his fortune from different jobs within and outside Nigeria. The politician has worked in the private and public sectors and is a businessman. Here are all the ways he’s made his fortune.

He Began a Courier Service Firm in the US

The earliest phase in the business world for Adeleke traces to when he began a Courier service firm in the United States. The company would later win a major courier contract in the United States after he competed alongside a white man for the same bid. He attached his earliest success in business to being competent and having strength, skills, and capacity.

Senator Ademola Adeleke Had Different Companies in The United States that Started in the 1980s

Davido’s uncle and former senator, Ademola Adeleke, traces his wealth to the time he was in the United States when he saw opportunities and decided to use them. According to him, he was a business-minded person and started to record success on his own without the help of any family.

He started Origin International Limited in the United States with his friend and has been the Chairman and CEO for 34 years since 1989. The company produces fragrances and flavors in the food and beauty industries.

The July 2022 elected governor of Osun State exposed that the business was his breakout in the business world, and in no time, it bloomed, and expansion took place.

At 32, He was on The Board of Guinness Nigeria PLC with TY Danjuma

One of the biggest brewery companies in Nigeria, Guinness Nigeria Limited, had Ademola Adeleke as key staff in the 1990s. In 1991, he was the company’s director. His contribution as an Executive director of the company led to its expansion.

Furthermore, he worked alongside a Nigerian business mogul and Lieutenant General Theophilus Yakubu “TY” Danjuma on the board of Guinness. His work with the Guinness company lasted 7 years, from 1991 to 1998.

Senator Ademola Adeleke Took a Job as the Group Executive Director of Pacific Holdings

In 1996 and about 13 years after Pacific Holdings Limited was founded by his brother, Deji Adeleke, Demola became a group executive director of the company. His exact earnings while at the company remain under wraps, but he helped in its expansion and success.

At present, the company has expanded to different sectors such as banking, energy and power, manufacturing, real estate, trading, freight services, agriculture, civil engineering, and agriculture. The years he’s spent with Pacific Holdings remain contradictory.

His Linkedin account points out that he started with the company as an executive director in 1996 and lasted for 7 years until 2003. On the other hand, some sources claim that he took the job in 2001 and kept it for about 15 years until 2016.

How His Political Journey as a Senator Started Added to His $560 Net Worth

In 2001, Ademola became active in Nigerian politics alongside his older brother Isiaka. However, it was not until 2017, after the death of his brother, that he contested for a political seat as a senator. Before that, the seat was occupied by his late older brother.

On July 23, 2018, he won the senatorial election to represent Osun-west senatorial district under PDP after he left the APC. While the exact income he may have made as a senator may not be known, the total salary of a Nigerian senator is recorded as 1.5 million, as reported by Ahmed Lawan.

Also, it has been reported that an average running cost of a senator is about ₦13 million. As such, the total running cost of the lawmakers is an annual amount of ₦52 million.

How He Lost the 2018 Gubernatorial Election and Won in 2022

In 2018, the Dancing Senator made a move to become the governor of Osun State under PDP against APC’s Alhaji Gboyega Oyetola and SDP’s Iyiola Omisore. Following the election, it was declared inconclusive by the Independent Electoral Commission (INEC). It was later announced that a rerun would be held in September 2018.

APC’s Gboyega was announced the winner of the elections, leading to controversies and allegations that Senator Adeleke’s election was rigged in favor of Gboyega. As such, he headed to the tribunal but again, the court gave a verdict in favor of his opponent.

Fast forward to early 2022, Davido’s uncle became the flag bearer of PDP to contest for the seat of Osun State governor. In July 2022, he beat an incumbent governor, Gboyega Oyetola, in a political race with 402,979 votes to 375,077 votes. He also won the elections under PDP in 17 Local Government Areas out of 30, including his hometown, Ede.

How Senator Ademola Adeleke Spends His Fortune

In ways more than one, the politician cum businessman spends his fortune. Some ways include owning luxurious cars, homes, and other properties in Nigeria.

He is a Philanthropist

One of the ways Demola is known to spend his income is by giving back to society through charities. One of the numerous ways includes donating cash to individuals and groups. For instance, in 2018, it was reported that he donated cash to Osogbo fire victims.

He is also known for empowering youths through the Adeleke Youth Empowerment Scheme known as A-YES. During his gubernatorial campaign in 2018, he reportedly promised to empower at least 40,000 youths. Although he lost the elections at the time, it was announced that he would continue with the promise without minding the outcome of the polls.

Senator Ademola Adeleke Has Allegedly Spent Hard Currencies on Elections and More Than 20 Million on Nomination Forms

Sometime in May 2022, it was reported that Adeleke boasted of being loaded with enough money for the gubernatorial elections that were slated for 2022. He announced that he had brought money, even if that was what the people wanted. The money, according to him, was in Naira, dollar, pound, and Euro.

The announcement was met with criticism from people, especially some APC members in Osun State, who accused him of trying to buy voters. In his defense, he claimed that he was quoted wrongly. Instead, he meant to use his international connection for philanthropy.

On the other part, the politician who won the July 2022 gubernatorial Osun State elections had contested 3 different times in the state for different positions. All the 3 times, he had spent a fortune to gain the nomination form. For instance, it has been reported that at the time he bought the ticket for the senatorial seat, it was sold for about 5 million.

Also, the gubernatorial ticket he obtained in 2018 is believed to cost 5 million under PDP. When he bought the nomination form as an aspirant for governor in 2022, the party had increased the form to  ₦20 million. Hence, he may have spent about  ₦30 million on nomination forms alone and perhaps more in electioneering campaigns at the 3 times.

The Houses and Cars of Senator Ademola Adeleke

The politician has many houses and cars to his name. Although the public does not have total knowledge of the assets of the Osun State native, here is what we know. As regards houses, Davido had announced that his family, including Ademola, own 4 mansions in Atlanta since 1994. It is also believed that he owns exotic homes in Osun State, Abuja, and Lagos.

List of His Cars

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