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Dele Momodu: Biography, Net Worth, And Achievements
Dele Momodu is a prominent Nigerian journalist, publisher, businessman, and political aspirant, widely recognized for his significant contributions to media and public discourse. Born on May 16, 1960, in Ile-Ife, Nigeria, Momodu's early life was marked by hardship, particularly following the death of his father when he was just 13 years old. Despite these challenges, his mother's unwavering support and encouragement played a crucial role in shaping his future.
Early Life and Education
Dele Momodu's academic journey began at the University of Ife (now Obafemi Awolowo University), where he earned a degree in Yoruba Language in 1982. He later pursued a Master's degree in English Literature, which he completed in 1988. Momodu's education laid the foundation for his future endeavors in journalism and publishing.
Early Career and Journalism
Momodu's career in journalism started in 1988 when he joined African Concord magazine as a staff writer. His dedication and skill quickly saw him rise through the ranks, eventually becoming the Literary Editor and then the News Editor for the Weekend Concord. His reputation as a talented editor was further solidified when he worked with May Ellen Ezekiel's Classique magazine, becoming the highest-paid editor in Nigeria at the time.
Ovation International
In 1996, while in exile in the UK due to political persecution by the Sani Abacha regime, Momodu founded Ovation International. The magazine, which showcases African culture and excellence, quickly became one of the most popular celebrity magazines in Africa, with editions available in both English and French. Ovation International has a presence in over 60 countries and continues to be a significant platform for African voices and stories.
Achievements and Honors
Throughout his career, Dele Momodu has received numerous awards and honors. In 2016, he was awarded an honorary doctorate degree (PhD) from the University of Professional Studies in Accra, Ghana, recognizing his contributions to media and public discourse. Other accolades include the Vigor Unsung Heroes Award, the Global Ambassadorship Award from Sheroes Global Initiative, and the Media Icon of the Year award from Daar Communications.
Political Aspirations
Dele Momodu's influence extends beyond journalism and publishing into the political realm. In 1993, he joined Moshood Abiola's campaign for the presidency, an effort that led to his detention and subsequent exile. He later ran for the Nigerian presidency himself in 2011 under the National Conscience Party (NCP) and in 2022 announced his intention to run again under the People's Democratic Party (PDP). His political ambitions reflect his ongoing commitment to shaping Nigeria's future.
Personal Life
Dele Momodu is married to Mobolaji Abiodun Momodu, and together they have four children: Pekan, Yole, Eniafe, and Korewa. Despite his many professional commitments, Momodu remains a devoted family man, often highlighting the importance of his family's support in his achievements.
Net Worth
As of 2025, Dele Momodu's net worth is estimated to be between $30.5 million and $40 million. His wealth is derived from his successful career in journalism, his publishing ventures, and various business investments. Ovation International, along with Ovation TV and The Boss Newspapers, contributes significantly to his financial standing.
Conclusion
Dele Momodu's journey from a challenging childhood to becoming a celebrated journalist, publisher, and political figure is a testament to his resilience and dedication. His contributions to African media and his efforts to promote democracy and social justice continue to inspire many across the continent and beyond. With his ongoing ventures and political aspirations, Momodu remains a pivotal figure in Nigeria's socio-political landscape.
