Matthew Ashimolowo Net Worth 2024, Salary and Finance Overview

Explore Matthew Ashimolowo net worth and financial details with PennBookCenter. Delve into his income sources, especially his role at KICC, and more.

Quick Facts

What is the Net Worth of Matthew Ashimolowo in 2024?

As of 2024, Matthew Ashimolowo net worth is estimated between $6 million. This positions him among the wealthier pastors, comparable to:

• David Oyedepo
• Chris Oyakhilome
• Enoch Adeboye
• T.D. Jakes
• Creflo Dollar

For more insights on wealthy authors, explore our richest author.

What is the Salary/Income of Matthew Ashimolowo in 2024?

In 2024, Matthew Ashimolowo earns an annual salary of £100,000 from Kingsway International Christian Centre (KICC). Additional income stems from his media ventures, including book sales and broadcast programs.

Matthew Ashimolowo Finance Overview

Kingsway International Christian Centre (KICC)

He founded KICC in 1992. As one of the largest Pentecostal churches in the UK, KICC has played a pivotal role in his financial success. The church provides him with an annual salary of £100,000, reflecting its significant growth and influence under his leadership.

Media Ventures and Income

He has diversified his income through media ventures. His company, Matthew Ashimolowo Media, generates revenue from the sale of Christian literature and documentaries. Additionally, his radio program, Winning Ways, airs on Premier Radio in London and Spirit FM in Amsterdam.

This program also reaches a broad audience via television broadcasts on The God Channel and Trinity Broadcasting Network.

Financial Controversies and Investigations

Between 2002 and 2005, the Charity Commission of England and Wales investigated KICC for financial mismanagement. The investigation revealed misconduct, leading to Matthew Ashimolowo being ordered to repay £200,000.

These findings included personal benefits and unclear business relationships between the charity and his private companies. Despite these controversies, KICC remains a significant source of his wealth.

Personal Investments and Assets

He has made various personal investments, including real estate. One notable purchase was a timeshare apartment in Florida. These investments contribute to his overall net worth, showcasing his ability to leverage his income for long-term financial stability.

Influence of Prosperity Gospel on Wealth

He is a prominent preacher of the prosperity gospel, a belief that financial success is a sign of divine favor. His teachings attract a large following, resulting in substantial financial contributions to his church and media ventures. This ideology significantly impacts his wealth and public perception.

Future Prospects and Retirement Plans

In January 2022, Matthew Ashimolowo appointed his son as the resident pastor of KICC, hinting at potential retirement. This transition marks a new chapter for KICC while ensuring the church’s continued growth and influence. His legacy, built on decades of leadership and financial acumen, positions KICC for sustained success.

Social Media

Follow him on social media:

Facebook: https://www.facebook.com/MatthewAshimolowo/

Instagram: https://www.instagram.com/matthewashimolowo.official/

X (Twitter): https://twitter.com/MatAshimolowo

FAQs About Matthew Ashimolowo

What is his primary source of income?

He primarily earns his income from his role as the senior pastor of Kingsway International Christian Centre (KICC) in London. Additionally, he generates revenue through his media company, Matthew Ashimolowo Media, which sells Christian literature and documentaries.

Has he been involved in any financial controversies?

Yes, he was investigated by the Charity Commission of England and Wales for financial mismanagement between 2002 and 2005. The investigation revealed misconduct and led to him being ordered to repay £200,000.

How did his media ventures contribute to his wealth?

His media company, Matthew Ashimolowo Media, generates revenue through the sale of Christian literature and documentaries. His radio program, Winning Ways, also contributes to his income, airing on Premier Radio and Spirit FM, as well as various television channels.

What role does the prosperity gospel play in his teachings?

He is a prominent preacher of the prosperity gospel, which emphasizes financial success as a sign of divine favor. This ideology attracts substantial financial contributions to his church and media ventures.

Who will succeed him at KICC?

In January 2022, he appointed his son as the resident pastor of KICC, indicating a potential succession plan. This move hints at his future retirement while ensuring the church’s continued growth and influence.

What are his personal investments?

He has made various personal investments, including real estate. Notably, he purchased a timeshare apartment in Florida, showcasing his ability to leverage his income for long-term financial stability.

How has the Charity Commission investigation impacted his finances?

The investigation by the Charity Commission revealed financial misconduct, leading to a repayment order of £200,000. Despite this, he continues to generate significant income from his church and media ventures.

What is the history and growth of KICC?

He founded Kingsway International Christian Centre (KICC) in 1992. Under his leadership, KICC has grown into one of the largest Pentecostal churches in the UK, significantly contributing to his financial success.

What is his annual salary from KICC?

He earns an annual salary of £100,000 from Kingsway International Christian Centre (KICC). This salary, combined with his media ventures, forms a significant portion of his income.

Conclusion

Matthew Ashimolowo’s financial journey reflects his leadership at KICC and diverse income sources. For more insights and to join the discussion, visit pennbookcenter.com.