Obi Cubana’s Net Worth & Income Sources

Obi Cubana’s net worth has become a topic of interest in recent times, as he has become one of the wealthiest entrepreneurs in Nigeria. With a net worth estimated at $100 million, Obi Cubana has made a name for himself as a successful businessman, entrepreneur, and entertainer with a variety of business ventures in the hospitality industry.

His wealth comes from various business ventures, including exotic restaurants, hotels, bars, and nightclubs. As the founder and chairman of the popular Cubana group, he is recognized for his philanthropic work and is known for hosting elaborate events.

In 2020, Obi Cubana’s mother’s burial ceremony drew widespread attention, featuring high-profile individuals and numerous donations, including cows, rams, goats, and other items.

After thoroughly researching the business mogul and speaking with his close associates, examining his various assets and businesses, we have estimated Obi Cubana’s net worth to be $100 million. This blog will explore his net worth, early life, accomplishments, awards, and companies.

Obi Cubana’s Net worth 2023

Obi Cubana’s net worth in 2023 is estimated to be approximately $100 million, equivalent to 83 billion naira. This impressive wealth is a result of his successful ventures not only in Nigeria but also in other countries.

Obi Cubana’s Net Worth 2022 

In 2022, Obi Cubana had a net worth of around $96 million, which amounted to approximately 76 billion naira. This substantial sum was generated from his business endeavours both within Nigeria and abroad. It highlights his exceptional business acumen and ability to amass significant wealth.

Who is Obi Cubana?

Obinna Iyiegbu, known as Obi Cubana, is a Nigerian business mogul and entertainment icon born on April 9, 1975. He has become one of Nigeria’s most influential personalities, including a top entertainer, business tycoon, and show promoter. Despite being born into humble beginnings, Obi has grown to become a billionaire in Nigeria. He is the founder and chairman of the Cubana group, a popular and successful business enterprise.

Obi Cubana, right from an early age, is a lover of fun and entertainment. This promotes his interest in establishing many exotic restaurants, hotels, bars and nightclubs for the lovers of Nightlife Fun-seekers in many states in Nigeria. Obi is not only famous for his business activities but also known for his philanthropy deeds.

This knowledgeable businessman has disclosed that he would expand his businesses within and outside Nigeria and engage in real estate business.

How Obi Cubana Make His Money 

Obi Cubana is a well-known and experienced businessman who has gained recognition for his entertainment, hospitality brand and philanthropic contributions. With a net worth of over $100 million, he has accumulated his wealth through various business ventures. Let us take a closer look at how Obi Cubana generates his income.

1. Real Estate Business 

Obi Cubana generates a lot of money from real estate transactions that involve selling properties such as houses and lands and also acting as an agent. The business mogul served his country at Abuja after graduating from the University of Nsukka with a monthly allowance of #100 and an additional #2000 from the National Assembly, where he was posted for his primary assignment.

While living in Abuja with his friends, Obi was introduced to the real estate industry. He eventually took on a project to furnish a house for a client and realized a profit of N600,000. Additionally, he received a gift of N500,000, which enabled him to earn his first N1.1 million.

Later, Obi secured a contract with PPMC to increase his income further. He eventually left his job to focus on his real estate venture, which he named Cubana Real Estate.

2. Cubana Club

With the money he made from his contract with PPMC and other partnerships, Cubana started a beer parlour where he provided entertainment services to people in exchange for payment.

In 2006, Obi started his first Ibiza Club in Abuja. He did this to satisfy fun seekers and nightlife lovers. Following the remarkable progress he made in the Ibiza Club, he went further to establish a well satisfactory entertainment club, which he called Cuba Group in 2009.

The Cuba group has become a major contributor to his income, featuring various entertainment and food sections such as Cubana Hut and Grill, Hustle and Bustle nightclubs, Cubana Signature Hotel, and Puzzo restaurant. The brand has expanded throughout Nigeria and other parts of the world.

3. Cubana Group

After the success of Ibiza club, Obi Cubana established the Cubana Group in 2009. The company has become Africa’s Most Palatial Ecstatic Hospitality Brand, satisfying all entertainment needs. The group operates in the hospitality and entertainment business and has been operational for over a decade, with various branches across Nigeria.

Cubana Group has expanded to other parts of Nigeria, including Abuja, Lagos, and Enugu. The businessman has three entertainment centres in Lagos at Adeola Odeku (Grind by Cubana and Pablo by Cubana) and Ikeja (Montana by Cubana). In Owerri, Imo State, there’s Opium by Cubana, while Enugu State’s Cubana brand, Gustavo, is located at Independence Layout.

Cubana Group has thowo dance and nightclubs in Abuja called Crave by Cubana, located at Wuse 2, and Hustle & Bustle. The group also has hotels in Abuja, including Caledonian Suites, Cubana Signature, District and Grand Cubana Hotels. Puzzo by Cubana Group is a high-end restaurant in Abuja, Nigeria.

4. Marketing and Distribution

Cubana also generates income from his involvement in the Fast Moving Consumer Goods (FMCG) industry. His company, Cubana FCMG is a Sales, Marketing, and Distribution company situated in Lagos, Nigeria. The company owns a diverse portfolio of brands distributed locally and through digital commerce and wholesale channels.

The brands include locally sourced and produced consumer goods that cater to the needs and desires of a constantly expanding customer base.

Education 

Obi Cabana completed his elementary education at Central Primary School and earned his first diploma. He then went to Onitsha’s Dennis Memorial Grammar School, where he earned his West Africa Senior School Certificate.

Later in 1998, upon completing his primary and secondary school education, Obi Cubana decided to further his education by attending the University of Nigeria, Nsukka, where he obtained a degree in Political Science. 

Obi Cubana Children

• Alex Iyiegbu – He is the first son of Obi Cubana, born on November 14, 2008. He is 15 years old and is known for his skills as a cartoonist and animation artist.
• Prince Ifeanyichukwu Iyiegbu – The second son of Obi Cubana, born on December 19, 2011.He is 12 years old and is a young entrepreneur who owns a popcorn business called “Prince of Pop NG.”
• Ebubechukwu Iyiegbu – The third son of Obi Cubana, born on October 22, 2015. He is eight years old.
• Kosisochukwu Iyiegbu – The last son of Obi Cubana, born on February 26, 2018. He is five years old.

Obi Cubana’s House

 Obi Cubana has a mansion worth hundreds of millions of naira, which he recently built. The building is magnificent and eye-catching. The interior decor of this mansion is superb and expensive, as it looks almost beyond the normal standards of a palace building.

The gigantic mansion has a private cinema, an underground wine cellar, a private swimming pool, and several other relaxation corners.

List of Obi Cubana’s Known Assets

Obi has several other buildings for businesses and luxury, some of which include:

• Rollace Hotels: Rollace Hotel is a luxury hotel in Ajao Estate, Lagos, just 3 minutes from the airport. It offers a variety of beautifully designed rooms and suites, an on-site restaurant, bar, conference room, free Wi-Fi, 24-hour room service, laundry services, airport shuttle service, and a fitness center. This hotel receives patronage from the high and mighty personalities in Nigeria and tourists or people traveling also visit the hotel because of its proximity to the airport.
• Pablo by Cubana: Pablo Cubana is a famous club in Victoria Island, Lagos, that provides an unparalleled experience. It offers premium tables, VIP bottle service, delicious meals, and entertainment from top comedians at its Grill & Hut outdoor relaxation spot.
• Montana Cubana: Montana Cubana is another nightclub owned by Obi Cubana. The nightclub in Ikeja, Lagos offers people on the mainland a premium experience.
• Crave Cubana: Cravé Cubaña is a top-rated dance and night club in Abuja, Nigeria, located at 130 Ademola Adetokunbo crescent, Wuse 2. It offers an exceptional nightlife experience that brings together top celebrities and beautiful people for unforgettable parties and networking opportunities. The facility also features a bar and grill, and its outdoor relaxation spot, Cubana Bushbar, offers delicious meals and drinks.
• Grand Cubana Hotels: This is a luxurious hotel located in Mike Akihigbe, around the exclusive area in Jabi, Abuja. Grand Cubana Hotels is one of the income sources of Obi Cubana and is known for its bold statement of class, exceptional service delivery, and top-notch security design. The hotel features a restaurant, indoor and outdoor bars, and breakfast options.
• Hustle & Bustle Cubana: This is a nightclub, restaurant, lounge and Cafe with a minimum capacity of 1000 people. Hustle & Bustle is located in Aminu Kano Crescent, Abuja and entertains celebrities and top-notch individuals.
• Caledonian Suites: Caledonian Suites is a contemporary and opulent hotel situated in Usuma Street, off Gana Street, Maitama, Abuja.
• Casa Cubana: Casa Cubana is a leading real estate development company that operates in Lagos and Abuja, Nigeria. They specialize in providing exceptional residential and commercial properties that meet their clients’ unique needs and preferences. The company is led by Obi Cubana’s wife, Ebele Iyiegbu who is the Managing Director, and Obi Cubana as the CEO.

To manage and oversee his entertainment empires around the nation, Obi Cubana collaborates with close friends like Paschal Okechukwu, also known as the Cubana Chief Priest. In a recent interview, Obi Cubana revealed that he is currently working on expanding to places like Dubai and other countries.

Obi Cubana’s Cars 

The Billionaire Businessman loves cars and has been spotted with various vehicles—he and his family cruise around with many expensive cars.

• A 2022 Mercedes Benz Maybach S580 guard 4matic bulletproof worth over #250 Million 
• Two Lexus LX ( one for his wife and the other for him.) worth 36.6 million nairas each
• Mercedes Benz 4matic S450 worth #38M
• Obi Cubana Rolls Royce Phantom worth #176 million 
• Range Rover Sport worth 26M

Awards 

Cubana, as he is often called, has been successful in his business and has gained the talk of many both within and outside Nigeria. He has won exceptional awards throughout the globe. Some of which include:

• Young Entrepreneur of the year -2016

• The RightVille School special given leadership Award, May 2017

• Ghana-Nigeria Achievers Award 2017 selected as Inspiring Personality Award, 2017

• Northern Nigeria Peace Summit/Award 2017 awarded as Northern Nigeria Peace Builder of the year 2017

• Nigeria Film corporation Entertainment chose for Icon Award 2017

• Democracy Heroes Award 2018 was selected as Democracy Entrepreneur of the year.
• Man of the Year Award- 2021
• ACIS Award- Entrepreneur of the year

Who is Obi Cubana’s Wife?

Ebele Iyiegbu is married to Obi Cubana. She was born on February 26, 1979, in Anambra State, which makes her 43 years old. The Billionaire businessman Obi Cubana had revealed that he met his wife when he was staying in a one-room boys’ quarters apartment in the Federal Capital Territory, Abuja.

Obi decided to settle down legally in 2008 when he married his beautiful young-looking wife named Ebele Iyiegbu, a Lawyer by profession and also the founder and owner of an NGO (non-governmental organization) called KIEK foundation.

KIEK foundation was established to improve the lives of less privileged children through healthcare, quality education, food, and child’s rights governance. Cubana’s wife also serves as the director at Casa Cubana homes and a Legal Partner at Bryan Micheals & Associates.

Contact Details Of Obi Cubana

Many people try to contact Obi Cubana for various reasons, including business deals and assistance. If you want to contact Obi Cubana, here are his contact details:

• Obi Cubana’s phone number and Whatsapp line- +2348024241107
• Email address – [email protected]

If you can not contact him through the above, then you can reach him through his verified social media accounts. These include his

It’s important to note that many fake accounts are created in Obi Cubana’s name, so make sure to only deal with his verified accounts to avoid falling victim to Internet fraudsters.

Conclusion

Obi Cubana’s net worth is estimated to be $100 million, making him one of Nigeria’s most powerful and wealthy public figures, performers, event promoters, and business personalities. This figure was calculated based on his current properties, income, and assets.

Frequently Asked Questions 

How old is Obi Cubana?

Obi Cubana is 48 years old, he was born on April 12, 1975.

How can I get help from Obi Cubana?

If you want to get help from Obi Cubana you can reach him on his official business channels or social media platforms @obi_cubana.. However, please keep in mind that individuals like Obi Cubana often receive numerous requests, so it’s essential to be respectful and concise in your communication. 

How much is Obi Cubana net worth?

Obi Cubana’s net worth is estimated to be around $100 million. 

Obi Cubana and Ronaldo who is richer?

Cristiano Ronaldo has a significantly higher net worth compared to Obi Cubana. Cristiano Ronaldo was one of the highest-paid athletes in the world and had a net worth estimated to be over $500 million.

What is Obi Cubana net worth in naira?

Obi Cubana networth in Naira is about ₦83 billion

Who is the owner of Cubana nightclub?

The Cubana nightclub is owned by the cubana group. 

Who are Obi Cubana Siblings?

Obi Cubana has four brothers and sisters. His older brothers are named Chu and Ike Iyiegbu. His big sister is Adaeze Moore, and he also has a younger sister called Binky.