Utweets
This week’s spotlight Monday is on Sir Oluwatumininu Okeowo the Nigerian billionaire Who chose construction over medical practice and has excelled in the field. Sir Clement Oluwatumininu Okeowo, known for his luxury lifestyle and quiet generosity, is a hidden billionaire in Nigeria. While many recognise him for his luxurious cars and charity, his true story is about a shift from a potential medical career to becoming a powerhouse in construction. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE
Sir Okeowo grew up in a wealthy family led by Pa Taiwo Victor Okeowo, a millionaire businessman and choirmaster. Raised with strict discipline, Okeowo faced a life-changing decision when Nigeria’s economy plummeted in the mid-1980s, affecting his family’s wealth.
A Shift to Business Amid Economic Hardship
Faced with the nation’s economic crisis and his family’s financial struggles, Okeowo opted out of a medical career. He started small, making burglary proofs and furniture, then expanded to lighting and offshore components, setting the stage for his future in construction and civil engineering.
Towards the end of the 1980s, Okeowo established Gibraltar Construction Nigeria Limited, transitioning entirely to construction and civil engineering. Despite early financial hurdles and minimal bank support, he persisted, focusing first on manageable projects before tackling more ambitious ones.
Developing Landmark Projects
Under Okeowo’s leadership, Gibraltar Construction blossomed, completing over 1200 projects across Nigeria. Notably, he developed the prestigious Parkview Estate in Ikoyi and built his own magnificent home, the Palacio de Okeowo mansion, a grand residence inspired by French palaces and costing about $12 million.
Beyond Construction: Philanthropy and Personal Life
Okeowo is also a committed philanthropist. He donated the largest physiotherapy centre in West Africa to Lagos University Teaching Hospital. Known as the ‘King of Luxury,‘ he enjoys hosting lavish parties and collecting luxury cars.
His private life remains guarded, with an estimated net worth of $250 million. Okeowo, a polyglot influenced by global travels, insists on practical yet high-quality finishes for his projects, combining durability with style. ..ALSO READ FULL FROM SOURCE ↔️
