Who Is Davido’s Father Adedeji Adeleke and What Is His Net Worth?
Davido’s father, the CEO of Pacific Holdings, has a net worth of $700 million, topping the list of wealthy Nigerians. Having fortified himself with all the education he needs in business, Adedeji returned to Nigeria from the United States and ventured into business.
His various business degrees indeed set a pace for him in the world of business and he utilized the knowledge in establishing Pacific Holdings, a magnificent empire in the country.
Pacific Holdings Limited is the Major Source of Adedeji Adeleke’s Net Worth
Adedeji Adeleke is the current chairman/CEO of Pacific Holdings Limited, a conglomerate that consists of six companies. He founded the company in December 1983 through Pacific Drilling Company Limited which specializes in geographical surveys, drilling of boreholes, and water treatments, among other activities.
The company would later be merged and it became a Limited Liability Company on 28th December 1990. Pacific Holdings has gone on to expand its areas of operation, covering agriculture, freight services, and energy and power generation. Below are the six company divisions under Pacific Holdings.
- Pacific Farm Limited
- Junior Venture Limited
- Pacific Freightliners Limited
- Pacific Drilling Company Limited
- Intertrade Warehousing Limited
- Pacific Gas Company Limited
Davido’s Dad is the Owner of Adeleke University, Ede in Osun State
In 1996, Adedeji Adeleke founded a non-profit non-governmental organization called Springtime Development Foundation (SDF). Being a man who loves education so well, the business mogul established SDF with the sole aim of improving and bettering the lives of Nigerians through education.
In March 2011, he received a national license from National Universities Commission (NUC) to establish Adeleke University, Ede in Osun State. The university was established based on the Seventh-day Adventist philosophy of education. It offers both undergraduate and postgraduate programs and courses. Adeleke Adedeji is the current Pro-Chancellor of Adeleke University and the school definitely adds decently to his net worth.
