Obi Cubana Net Worth: How Rich is the Nigerian Businessman?

Obinna Iyiegbu, also known as Obi Cubana, is a Nigerian businessman, entrepreneur, and philanthropist. He is the founder and chairman of the Cubana Group, a hospitality and entertainment conglomerate with interests in hospitality, real estate, nightlife, and media. Obi Cubana is one of the wealthiest and most influential businessmen in Nigeria, with a net worth estimated at over $500 million.

Early Life and Education

Obi Cubana was born on April 12, 1975, in Oba, a small town in Idemili South Local Government Area of Anambra State, Nigeria. He had his primary and secondary education in Oba before proceeding to the University of Nigeria, Nsukka, where he obtained a degree in Political Science.

Career and Business Ventures

Obi Cubana started his career as a banker with defunct Platinum Habib Bank, but later left the banking sector to pursue his passion for hospitality and entertainment. He founded the Cubana Group in 2009, starting with a small pub in Owerri, Imo State, before expanding to other parts of Nigeria, including Lagos and Abuja.

The Cubana Group is a multi-million dollar enterprise that comprises several businesses, including Cubana nightclubs, Cubana Leisure Outfits, Pablo Cubana, Rolex Hotels, and Cubana Real Estate. The group has also diversified into the media industry, with the launch of Cubana TV, a lifestyle and entertainment channel that showcases African culture, lifestyle, and entertainment.

Obi Cubana’s success in the hospitality and entertainment industry has earned him numerous accolades, including the Entrepreneur of the Year award at the 2021 All Africa Business Leaders Awards (AABLA).

Philanthropic Works

Apart from his business ventures, Obi Cubana is also known for his philanthropic works. He is a renowned philanthropist who has touched the lives of many people through his charity initiatives. In 2021, he hosted a lavish funeral ceremony for his late mother, which attracted widespread attention for its extravagance and display of wealth. However, the event also served as a platform for him to give back to the society by empowering youths and promoting entrepreneurship.

Net Worth and Assets

Obi Cubana is one of the wealthiest businessmen in Nigeria, with a net worth estimated at over $500 million. His business ventures, which include nightclubs, hotels, real estate, and media, have contributed significantly to his wealth. He also owns several luxury cars, including a Rolls Royce, a Bentley, and a Mercedes-Benz G-Class.

Conclusion

Obi Cubana is an exceptional entrepreneur, businessman, and philanthropist who has made a name for himself in Nigeria and beyond. His success in the hospitality and entertainment industry has inspired many young entrepreneurs in Nigeria to pursue their dreams and achieve their goals. With a net worth estimated at over $500 million, Obi Cubana is undoubtedly one of the wealthiest and most influential businessmen in Nigeria today.