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Tunde Folawiyo Net Worth

Tunde Folawiyo net worth
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What is Tunde Folawiyo net worth

Tunde Folawiyo Net Worth is $650M according to Forbes

Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, conglomerate with interests in energy, agriculture, shipping, real estate and engineering.

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His father, Wahab Folawiyo, a well known Nigerian businessman and Islamic leader, started the group in 1957 as a commodities trading outfit and served as chairman until 2008 when he passed away. Folawiyo now calls the shots.

The company’s oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field. Other assets include minority stakes in Nigeria’s Access Bank and mobile phone carrier MTN Nigeria.

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Tunde Folawiyo was educated at the London School of Economics, where he obtained a B.Sc degree in Economics in 1980, and an LL.B in 1984. He obtained an LL.M degree from the University College London in June 1985.

Yinka Folawiyo Group of Companies

In 1957, Tunde’s father started Yinka Folawiyo & Sons as a commodity trading company. The company was established to carry out import and export activities between Nigeria and other countries.

In 1956, his father became the first entrepreneur to develop trading activities between Eastern Europe and Nigeria. Yinka Folawiyo & Sons grew its activities across the region, trading in commodities such as sugar, cement, construction materials, tinned and frozen fish, dairy products and rice.

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As the company progressed, it evolved into Yinka Folawiyo Group with subsidiaries in shipping, oil and gas, real estate and agriculture.

Subsidiaries of Yinka Folawiyo Group

Maritime Associates International

The company was incorporated in 1967 as a shipping and forwarding agency. Maritime Associates was invited by the Nigerian Produce Marketing Company (NPMC) to be a national carrier for Nigerian agricultural exports.

United Property Developers

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The company was incorporated in 1971 when there was growing need in Lagos for commercial and residential properties. Ever since then, it has developed warehouses, residential and office properties across Nigeria.

Yinka Folawiyo Petroleum

Incorporated in 1982 and has become one of the leading indigenous oil companies in Nigeria. The company was granted an Oil Prospecting License(OPL) in 1991 and owns 60% interest in the Aje Oil and Gas field located in Block OML 113 Offshore, Lagos.

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In 2016, Yinka Folawiyo Petroleum commenced production of crude oil from Aje Oil and Gas, which is the first producing field outside the Niger Delta in Nigeria.

Folawiyo Energy Limited

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The company is a mainstream oil and gas company. It focuses on delivering storage solutions for refined fuel products. The company has a laboratory and on-site testing facility that measure and sample received and distributed products.

Enyo Retail and Supply

The fuel retailing brand was incorporated in 2016 with the aim of expanding the group trademark in the downstream energy space. It provides fuel retailing services and renewable energy products to Nigerian market.

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Folawiyo Farms

The company was launched in 1986 to diversify the interest of the Group. Folawiyo Farms is located in Oyo State and they cultivate and process crops, and rear poultry. Crops grown includes pineapple, maize and cassava.

Tunde Folawiyo Net Worth

Tunde Folawiyo net worth is estimated at $650 million according to Forbes. He is one o the richest men in Nigeria

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He serves as Director of MTN Nigeria Ltd, Executive Director of Yinka Folawiyo Group of Companies. Tunde also founded Folawiyo Energy Ltd, a subsidiary of the Yinka Folawiyo Group of Companies.

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NET WORTH

Jennifer Lopez Net Worth 2021

Jennifer Lopez net worth 2021 is estimated at $450 million. She is one of the richest female musicians in the world. Lopez became the first Latin actress to earn over US$1 million for a film. She went on to star in Anaconda and Out of Sight, and established herself as the highest-paid Latin actress in Hollywood.

Jennifer Lopez net worth
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What is Jennifer Lopez net worth?

Jennifer Lynn Lopez  also known by her nickname J.Lo, is an American singer, actress, producer, and dancer. She is among the most successful and richest female musicians in the world list. In this article, we will be bringing to you everything you need to know about Jennifer Lopez net worth and biography.

Jennifer Lopez net worth Profile

Net worth$450 million
Full nameJennifer Lynn Lopez
Date of birthJuly 24, 1969
OccupationProfessional musician and actress
NationalityAmerican
Years active1986–present

Early life

Jennifer Lynn Lopez was born on July 24, 1969, in New York City and was raised in the Castle Hill neighborhood of the Bronx.

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Her parents, David López and Guadalupe Rodríguez, were born in Puerto Rico and moved to the mainland of the United States as children.

Lopez is a middle child; she has an older sister, Leslie, and a younger sister, Lynda.

 She was raised in a Catholic family; she attended Mass every Sunday and received a Catholic education, attending Holy Family School and the all-girls Preston High School.

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In school, Lopez ran track on a national level, participated in gymnastics, and was a member of the softball team.

 She danced in school musicals and played a leading role in a production of Godspell.

Career

There was “lots of music” in the typically Puerto Rican household, and Lopez and her sisters were encouraged to sing, dance and create their own plays for family events.

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At the age of five, she began taking dance lessons at Ballet Hispánico on the Upper West Side.

As a teenager, she learned flamenco, jazz and ballet at the Kips Bay Boys & Girls Club and taught dance to younger students, including Kerry Washington.

 After graduating high school, Lopez had a part-time secretarial job at a law firm and studied business at New York’s Baruch College for one semester.

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 At the age of 18, Lopez enrolled as a full-time student at Manhattan’s Phil Black Dance Studio, where she had already been taking night classes in jazz and tap dance.

more on Jennifer Lopez net worth below

 Her parents were unhappy with her decision to leave college to pursue a career as a professional dancer. Her mother asked her to move out of the family home and they stopped speaking for eight months.

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 Lopez moved to Manhattan, sleeping in the dance studio’s office for the first few months.

Lopez’s first professional job came in 1989 when she spent five months touring Europe with the musical revue show Golden Musicals of Broadway.

She was the only member of the chorus not to have a solo and later characterized it as a pivotal moment where she realized the importance of a “tough skin” in the entertainment business. Lopez began by dancing in music videos and as back up dancer.

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Lopez’s most high-profile job as a professional dancer was as a Fly Girl on the sketch comedy television series In Living Color, which starred comedians including Jamie Foxx and Jim Carrey.

 At the New York audition, the show’s choreographer, Rosie Perez, noticed that Lopez had “star quality” and “did not complain, not once” when asked to repeatedly perform the dance routine.

Music Career

Lopez’s debut single, “If You Had My Love”, was released in May 1999, as she began to ready her first album.

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 Lopez became the first artist to top the Billboard Hot 100 with a debut single since Britney Spears did so with her single “…Baby One More Time” four months prior.

 Her debut album was named On the 6, to reflect the New York City Subway rail line connecting her home in the Bronx to work in Manhattan.

During production of the album, Lopez was made aware that she received her recording contract on the basis of her looks and an already established name in the entertainment industry, and she wanted to prove she had musical talent.

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 Lopez’s musical success came as a surprise to critics; its launch made the “popular actor even more popular”. Both the music industry and the public became intrigued by “this woman who seemed to have so many different talents”.

 By the end of 1999, Lopez successfully converted herself from a film star to a pop star. She joined a select few in achieving this feat, becoming the first since Vanessa Williams (1992) and Martika (1989).

During the process of recording her second album, Lopez decided to tweak her image as she began to develop into a s!x symbol. She started going by J.Lo, something fans often called her in the years after director Oliver Stone coined the term on the set of the 1997 film U Turn. She subsequently named the album J.Lo. Released on January 23, 2001, it was a commercial success, debuting at number one on the US Billboard 200.

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Jennifer Lopez Net Worth

Jennifer Lopez net worth 2021 is estimated at $450 million. She is one of the richest female musicians in the world. Lopez became the first Latin actress to earn over US$1 million for a film. She went on to star in Anaconda and Out of Sight, and established herself as the highest-paid Latin actress in Hollywood.

Jennifer Lopez Businesses

J. Lo, 51, is one of America’s wealthiest self-made women with a net worth of more than $150 million from her music, film and endorsements. Over her decades-long career, she appeared in nearly 30 films, has dropped eight studio albums, staged a series of world tours (her 2019 tour with stops in Egypt, Israel and Russia grossed $55 million) and earned money from a Las Vegas residency.

She has also pulled in millions a year from endorsements from such brands as Versace and DSW.

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In January 2021, Lopez launched her skincare line, JLo Beauty. That month, she performed at the inauguration of President Joe Biden in Washington, D.C., where she sang “This Land Is Your Land” and “America the Beautiful”, while also reciting the last phrase of the Pledge of Allegiance in Spanish.

 In June 2021, it was announced that Lopez (through Nuyorican Productions) had signed a multi-year deal with Netflix to produce a range of films and television shows

Jennifer Lopez, a Global Icon

Lopez is considered a pop culture icon, and is often described as a triple threat entertainer. With a cumulative film gross of US$3.1 billion and estimated global sales of 70 million records, Lopez is regarded as the most influential Latin entertainer in North America.

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In 2012, Forbes ranked her as the most powerful celebrity in the world, as well as the 38th most powerful woman in the world. Time listed her among the 100 most influential people in the world in 2018.

Her most successful singles on the US Billboard Hot 100 include: “If You Had My Love”, “I’m Real”, “Ain’t It Funny”, “All I Have”, and “On the Floor”.

 For her contributions to the recording industry, Lopez has received a landmark star on the Hollywood Walk of Fame, the Billboard Icon Award, and the Michael Jackson Video Vanguard Award among other honors.

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Her other ventures include beauty and clothing lines, fragrances, a production company, and a charitable foundation.

How to contact Jennifer Lopez

You can contact Jennifer Lopez via her social media profiles here

Facebook

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Instagram

Twitter

Website

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Personal life

Lopez was in a nearly decade-long relationship with David Cruz, her high school boyfriend, until the mid-1990s. She was married to Cuban waiter Ojani Noa from February 1997 to January 1998. 

She was married to Cris Judd, her former backup dancer, from September 2001 to June 2002.

After divorcing Judd, Lopez was in a relationship with actor and filmmaker Ben Affleck from mid-2002 to early 2004

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She dated New York Yankees baseball player Alex Rodriguez from February 2017 to early 2021. They became engaged in March 2019

but postponed their wedding twice due to the pandemic. In response to tabloid speculation about the state of their relationship, they released a statement in March 2021, saying they were “working through some things”. They announced the end of their relationship in April 2021

Jennifer Lopez Albums

  • On the 6 (1999)
  • J.Lo (2001)
  • This Is Me… Then (2002)
  • Rebirth (2005)
  • Como Ama una Mujer (2007)
  • Brave (2007)
  • Love? (2011)
  • A.K.A. (2014)

Films starred

  • Nurses on the Line: The Crash of Flight 7 (1993)
  • Money Train (1995)
  • Jack (1996)
  • Blood and Wine (1997)
  • Selena (1997)
  • Anaconda (1997)
  • U Turn (1997)
  • Out of Sight (1998)

Jennifer Lopez cars

Jennifer Lopez owns exotic cars like Rolls Royce Ghost, Porsche 911 GTS, Bentley Continental GTC, Cadillac Escalade and Aston Martin DB7 is also part of her car collection.

Jennifer Lopez net worth in Video

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Jennifer Lopez net worth FAQ

What is Jennifer Lopez net worth?

Jennifer Lopez net worth 2021 is estimated at $450 million making her one of the richest musicians in the world

Why is JLo so rich?

Jennifer Lopez has multiple streams of income that contributes to her wealth. She is a successful singer, dancer, actress, producer and businesswoman

What do you think about Jennifer Lopez net worth ? leave your reply in the comments below

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