Bode Akindele Net Worth (Updated 2023)

Bode Akindele net worth is estimate to $1.19 billion, before his demise on June 29, 2020. Chief Akindele was one of Africa’s wealthiest people for over sixty years.

He was a successful businessman worldwide, from Europe to the United States to Asia to Africa and finally returned to his own country of Nigeria. 

Introduction

The genuine personality of each successful person is shaped by their passion and drive, which are crucial indicators. They can guide any person along the route intended for greatness, and many people have succeeded by laying a foundation on both of them.

Read: Seyi Makinde Net Worth (Updated 2023)

Bode Akindele Biography and Net Worth

On June 2, 1932, precisely 87 years ago, Chief Bode Akindele was born. His mother, Rabiatu Adedigba, was a powerful politician in Ibadan, and his father, Pa Joshua Laniyan Akindele, was the Chief Tax Clerk for the whole Western Region. As such, his role can be compared to that of the Chairman of the Inland Revenue today.

The fact that Alhaja Rabiatu was the first woman to travel on a pilgrimage to Mecca in Ibadan is noteworthy. His experience at school was intriguing. He would assist his older brother in carrying his rucksack on the long walk from their home in Mapo to Baptist School in Idikan, Ibadan. 

After enrolling at Olubi Memorial School in Ibadan, he continued his secondary schooling at Lisabi Commercial College in Abeokuta. Akindele and a few pals had discussed going to the UK to study law after finishing secondary school, but the expansion of his commercial operations finally took priority.

Read: Benedict Peters Net Worth (Updated 2023)

 Like his contemporaries, he received money to buy a passport. However, because young Bode was more interested in business then and chose to buy a sewing machine instead of an international ticket, he could sell it for a respectable profit.

His first paid position was with the United Africa Company (UAC), where he worked as the Expatriate Manager at Oyo’s assistant secretary and then as a cadet manager, beginning in 1952. For the Western Nigerian Union of Importers and Exporters, Akindele departed UAC Foods.

The young Bode Akindele realised he wanted to pursue something other than his father’s goal of becoming a public servant. In his undergraduate years, he had acquired a strong business perspective. With this talent, he assisted his mother in preparing dried meat for the southern market at her business in the north.

Out of a dozen Federal agents in Lagos, he was one of just two who found the produce trade profitable. He purchased land in the Lagos neighbourhood of Agege, where he built a warehouse to store and sort cocoa.

Later, he changed careers and started working as a shipping agent, chartering ships in London and financing his business through long-standing relationships with the National Bank of Nigeria, which had established a branch in London in 1956.

The 80-year-old philanthropist decided to help people in society by constructing the Armed Medical Centre along the Lagos–Ibadan motorway in Ibadan as a way to remember his mother. Aramed, which stands for Alhaja Rabiatu Adedigba Medical Centre and sees Aramed as the healing ministry of Bode Akindele Foundation, is named after his mother, much like the Modandola name was one of hers.

To maintain their friendship, Chief Bode Akindele, the Baba Ijo of the Methodist Cathedral in Agbeni, Ibadan, and the Federal Radio Corporation of Nigeria (FRCN), Ibadan, host an annual festival of nine teachings and carols that are broadcast live on Radio Nigeria.

He passed away on June 29, 2020, at 87.

 Bode Akindele Income from Business

Bode Akindele was a successful businessman who knew how to follow his instincts, pursue his dreams, and establish himself. The riches of his parents weren’t a factor in the founding of the Madandola Group. This individual was well aware of his future potential for greatness.

He didn’t let the challenges in Nigeria deter him; he also didn’t stop him from developing as an entrepreneur and expanding his impact outside of Nigeria. Bode Akindele’s family undoubtedly inherited his sense of business. He was in an entrepreneurial home where entrepreneurship was valued as a part of their culture.

Bode Akindele Business Career 

Bode Akindele was a successful businessman who knew how to follow his instincts, pursue his dreams, and establish himself. The riches of his parents weren’t a factor in the founding of the Madandola Group. This individual was well aware of his future potential for greatness.

He didn’t let the challenges in Nigeria deter him; he also didn’t stop him from developing as an entrepreneur and expanding his impact outside of Nigeria.

Bode Akindele’s family undoubtedly inherited his sense of business. He was in an entrepreneurial home where entrepreneurship was valued as a part of their culture.

Bode Akindele Net worth 2023

According to a Ventures Africa article, Chief Bode Akindele left behind an asset valued at $1.19 billion

 

while serving as the Parakoyi of Ibadan land. Before his passing, he was Nigeria’s 16th-richest citizen.

 

Leave a Comment