Topic: Richest Pastor In Africa, Bishop David Oyedepo’s Net Worth Hits N600 Billion


bishop oyedepo net worth


The Abrahamic order of blessing is surely speaking on highly honoured Man of God and the Presiding Bishop of The Living Faith World Outreach Ministry also known as Winners Chapel.

Though nobody can truly estimate the net worth of Bishop David Olaniyi Oyedepo, but the current estimate is around 600 billion naira.

With the outstanding Canaanland reportedly worth over N90 billion, with diverse projects erected and revenue accrued from it, four jets valued at N25 billion, N15 billion on three universities and several other schools, a reported N250 billion housing estate when concluded, annual offering and tithes to the tune of N31.2 billion annually, 7million books estimated to have raked in N1billion, 400 buses worth N600 million, N10 billion Goshen City at Abuja and several other ventures have made him a pastor with uncommon grace for prosperity.

According to Wikianswers, Bishop Oyedepo is arguably the richest pastor in Africa. The church he founded in 1981 has grown in leaps and bounds. The ministry now has over 2000 satellite branches and present in 60 countries and reportedly boasts of over one million members worldwide and several others via outreaches.

The bishop entered the Guinness Book of World Records in 2008, when he became the pastor of the largest worship centre in the world, with a sitting capacity of 50,000 and an overflow of 250,000 in Canaanland, Ota, Ogun State.

“The international headquarters of Winners Chapel is called Faith Tabernacle. It covers about 70 acres (280,000 m2) and is built inside an over 10,500-acre (42 km2) church complex called Canaanland, the international headquarters of the ministry in Ota, a suburb of Lagos. The building took 12 months to be completed. The foundation laying held on August 29, 1998 and the announcement of the time frame of one year for the building project was announced on September 13, 1998, by Bishop Oyedepo at the Iyana Ipaja church while work began on September 18, 1998. The dedication of the building held on September 19, 1999 with 97,800 faithful in attendance. Faith Tabernacle is presently the largest church building in the world, with a sitting capacity of 50,400 people and an outside overflow capacity of over 250,000, with four services every Sunday.

Construction completed in Canaanland till date is estimated to be not less than $600 million (N90 billion) with an additional Canaan City Estate currently under construction which will be the largest housing estate in Africa and easily one of the largest in the world with 15,000 housing units and at a cost of N250 billion or $1.6 billion. This is part of a grander scheme of 150,000 houses to be built by the church.”

We scooped that he picks an average of N100 million offering and N500 million tithe weekly. The estimate was that if a worshipper pays at least N100 during their four services weekly on Sunday, their over one million members would have paid N100 million. And an average of 500,000 of the worshippers fulfilling their tithes every Sunday with an average of N1,000 is N5 million. If we add the offering and tithe annually that’s N600 million times 52 weeks and that’s N31.2 billion annually. But note that even an individual at times paid several millions on a Sunday as tithe,” a source divulged.

As an educationist, Bishop David Oyedepo’s mission currently pioneers the establishment of educational institutions at all levels in and outside Nigeria, including the widely established Hebron or Covenant University with over 7,000 students as well as Faith Academy with 1,500 students both in Canaanland. Covenant University was well documented in a Nigerian Television Authority (NTA) documentary on Nigeria’s 50th Independence Anniversary because of landmark achievements in its few years of existence. Covenant University was adjudged the best private university in Nigeria in 2005, and one of the goals of the institution is to be among the best in the world by or before 2020.According to Bishop Oyedepo, “Covenant University is not just an institution, it is a revolution in education.”Faith Academy on the other hand placed fourth of all secondary schools in Nigeria during the 2010 Senior Secondary Certificate Examination (SSCE). The second university of the church known as Landmark University in Omu Aran, Kwara State, was approved by the Nigerian Government in March 2011 and immediately resumed academic activities the same month with about 1000 students. Construction at Landmark University is estimated to be in the realm of at least $50 million (N7 billion) so far, while Bishop Oyedepo insists that ‘spending continues’. Landmark University (LU) has the mandate of spearheading an agrarian revolution in Nigeria. Bishop David Oyedepo stated in August 2010 that it takes a ride of more than 100km to go around the walls of Landmark University. Landmark University is 1,400 acres. The third one under construction is Crown University in Calabar, Cross River State. There are strong plans for about four more universities across Africa including Abuja, Ghana, Democratic Republic of Congo and Kenya as announced by Bishop Oyedepo during Shiloh 2007.SEE MORE ON PAGE2

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