Nigerian billionaire businessman Kennedy Okonkwo net worth, biography, houses, businesses, parents, source of wealth and more.
The saying; ‘your background does not have to put
your back to the ground’ accurately describes the story
of the popular real estate magnate Kennedy Okonkwo .
From a humble beginning in Lagos Nigeria, Kennedy
Okonkwo who lost his father when he was barely 16
years old, has risen through thick and thin to become
one of Nigeria’s foremost businessmen. Known and
respected amongst the people in his society in Lagos,
Kennedy Okonkwo has impacted many young lives,
given wings to the dreams of young Nigerians and
entrepreneurs and provided shelter and feeding to
those in need.
Kennedy Okonkwo is a man whose story is worth
knowing about, read on to get details of all there is to
know about him:
Real name – Kennedy Onyekachi
Okonkwo
Date of birth – 12 October 1977
Country of
Origin
– Federal Republic of
Nigeria
Source of
Wealth
– Real estate
Net worth – $1mllion – $5million
Kennedy Okonkwo Biography
Kennedy Onyekachi Okonkwo, born into a family of
eight as the fifth child of the family hails from Ojoto,
Anambra State in Nigeria, but he has spent much of
his years living in Lagos, starting in Alagomeji, Yaba.
Kennedy Okonkwo was born on 12 October 1977 into
a Christian home.
Kennedy Okonkwo Education
Spurred by his father who is a lover of education,
Kennedy Okonkwo successfully scaled through his
primary, secondary, graduate and post-graduate
studies with outstanding results. He had his primary
and secondary school education in Mobolaji High
School Lagos, after which he gained admission into
the University of Ibadan to study Psychology. He has
also bagged a Master’s degree in Business
Administration from the Lagos State University.
Turning Points
The turning points in Kennedy Okonkwo’s life began
when he lost his father when he was barely 16 years.
He was still in secondary school then, and the tragedy
really impacted his lives as he knew what loss really
meant. Kennedy Okonkwo’s dad greatly influenced his
education as his father believed that the greatest gift
he could give to his children was education. His father
believed that being educated will bring an end to
poverty and a critical tool for survival. Unlike the
typical case where mothers are foremost concerned
about their children’s academics, Kennedy’s dad was
far more interested in his academics as he was
intermittently checking up on him in school, helping
out with his assignments and most importantly, paying
his school fees.
When he lost his father, his mother who was a caterer
couldn’t meet up with their living expenses, hence they
were soon evicted out of their apartment. Not long
after, they were soon thrown out of his mother’s shop
where they took lodging. It was a very sad thing for
Kennedy when returning ‘home’ from school, he was
going to meet his family under Ikeja Bridge where they
abode.
However, goodwill soon smiled on them, as a pastor
David soon came to their rescue. He gave them the
Boys quarters at Obafemi Awolowo guest house. These
experiences shaped Kennedy’s perspective to living, he
made a resolve to positively impact the situation of
his family. Thanks to Chief Sylvester Okonkwo who
sponsored his schooling.
Another major turning point in his life was when he left
his paid job as the Strategy Advisor to the MD of his
former company, to build his own business.
That bold decision has paid off now, as Kennedy
Okonkwo is now the MD/CEO of Nedcomoaks Limited,
a property development company that fully specializes
in real estate development, provision of architectural
and civil designs, project consultancy and
management, and a significant proficiency in
construction with modern technology. He is the
Chairman at Victoria Crest Homes, an housing property
that provides affordable housing options to especially
the middle class. He is also the founder of the
Kennedy Okonkwo Programme For Tech Entrepreneurs.
Failures
Before Kennedy Okonkwo gained admission into the
University, he had the fear of failure- he feared he
might not succeed. Have you felt this way before? One
of the major influences for this fear were the words of
Tai Solarin, who had the philosophy of “may your road
be rough”.
But Kennedy Okonkwo indeed became very successful.
He passed his SSCE, WAEC and other exams in flying
colors at one sitting. However, he has his fair share of
challenges in life on his journey to being a successful
businessman. Rather than being discouraged by the
challenges that he faced, he saw the challenges as
developmental phases, using every single of them to
become a better person and strengthen his resilience
to truly succeed.
One of the notable failures Kennedy Okonkwo has
experienced on his journey to successful
entrepreneurship is when he lost an N18million deal.
Societal Impact
Kennedy Okonkwo is a lover of humanity, and he is not
ashamed to be called a Nigerian. In fact, he is one of
those who believe that Nigeria will be great again. And,
he is actively representing this belief with the
numerous projects and humanitarian activities he is
involved in.
For instance, his company is directly and indirectly
responsible for the wellbeing of about 2000
employees. Despite the present economic hardship in
Nigeria, Kennedy Okonkwo boasts that he has never
owned any of his workers’ salaries.
Other notable societal impact work Kennedy Okonkwo
has spearheaded includes awarding scholarships to
those who can’t afford quality education, mentoring
entrepreneurs on the best way to build their businesses
and avoid pitfalls. Even the widows are not left out of
his financial support. Kennedy Okonkwo has been
involved in various road construction projects in
Lagos, especially the Etiosa Local Government and
other road construction projects he is currently doing
in his hometown in Anambra state.
Awards And Recognitions
kennedy okonkwo on forbes
A man of such notable background and impact as
Kennedy Okonkwo surely cannot go unrecognized and
unrewarded. Kennedy Okonkwo is the recipient of the
following awards and recognitions:
Peace Legend Icon of the Year 2019
African Achievers Award – Excellence in
Enterprise and Business Innovation 2019
Entrepreneur of the Year – Nigerian
Entrepreneurs Award 2018
African Business Personality of the Year 2017
He was also featured in Forbes Africa’s Real Estate
Supplement November 2018 edition.
Kennedy Okonkwo Marital Status
Kennedy Okonkwo is happily married to Ichechi
Okonkwo (@ceooflagos), and they are blessed with
three children. His wife, Ichechi Okonkwo is the CEO
of Victoria Crest Homes, Dream Estate Lekki Ltd,
Laundryking.
Kennedy Okonkwo Houses
Kennedy Okonkwo lives in Lagos with his family and
has houses all over Nigeria
Kennedy Okonkwo Net Worth
Kennedy Okonkwo has an estimated net worth of
$1mllion – $5million.
Kennedy Okonkwo Cars
As a real estate mogul and friends to E money , Obi
Cubana , and Cubana Chief Priest you should now
understand the luxurious cars Kennedy Okonkwo will
own, In fact, Kennedy Okonkwo own two Rolls-Royce
Phantom.
NedOkonkwo is believed to be the first person to
purchase Made in Nigeria Nord Tank by Nord
Automobile. The Nord Tank offers you the complete
package, it is strong, powerful, tough for bad roads, all
wheel drive with significant higher ground clearance.
Nigerian Made Vehicles
Two Rolls-Royce Phantom
Ned Okonkwo has two Rolls-Royce Phantom in his car
garage, We believe one of the Rolls-Royce Phantom is
for The Wife, The Rolls-Royce Phantom imposes
design blends classic Rolls-Royce cues with more
modern elements to create stately curb appeal that’s
second to none. The cabin—especially that of the
extended-wheelbase model—is exceptionally spacious
and extraordinarily comfortable. The finest leathers,
woods, metals, and fabrics are carefully chosen to
deliver a palatial ambiance.
Range Rover
The Range Rover is a 4×4 vehicle produced by
Land Rover, a marque and sub-brand of Jaguar Land
Rover, which is a subsidiary of Tata Motors, The Range
Rover is generally considered to be a luxury vehicle.
Conclusion
Kennedy Okonkwo is known for his humility and simple
lifestyle. He has stated he has no interest in venturing
into politics yet. Though he has become very
successful at a young age, compared to his
contemporaries, Kennedy Okonkwo believes that a key
way anyone can start creating wealth for him/herself is
by creating value and being a problem-solver.
