Terry Waya is a Nigerian businessman and socialite who has an estimated net worth of $6.5 million. Terry Waya’s net worth has grown over the years due to his various business ventures, including property acquisitions and investments across multiple sectors.
His success as a businessman and lifestyle earned him the nickname “Mr. Versace.” He is also famous for his connections with politicians and his role in different Nigeria’s businesses.
This article will look into Terry Waya’s net worth, how he makes his money, his diverse businesses, his family, and more.
What is Terry Waya’s Net Worth?
According to our research, Terry Waya’s current net worth is $6.5 million which is estimated to be 10 billion in Naira. He has multi-million dollar properties spread across different countries.
How Terry Waya Makes His Money
Terry Waya’s estimated net worth of $6.5 million was built through his business consulting skills. It all started when he was a consultant to the founders of the iconic Transcorp Hilton Hotel. As a consultant for the company, this project fueled Terry Waya’s expansion into a variety of business fields, including real estate, hotels, and oil and gas.
He also has deep ties in Nigerian politics which have played a significant role in helping him gain increased influence. Terry Waya’s ties to powerful figures in the armed services and government have created good opportunities for him to expand his business.
His net worth helped him to take part in several business ventures and attend luxurious events, which cleared the way for his financial breakthrough.
Biography
Terry Waya was born in 1961 in Benue State, one of the poorest states in Nigeria. Unlike some other wealthy persons in Nigeria, Terry Waya was not born with a silver spoon. Waya attended Kaduna Polytechnic to further his education in his early years before moving to Abuja.
In Abuja, where he worked as a consultant for the firm that was in charge of constructing the famous Transcorp Hilton in the early 1990s.
He gained significant wealth as he went along and became known as the key intermediary for famous politicians during the mid-1990s—during the Sani Abacha administration, and the early 2000s. Using his newly found wealth, he made investments in the UK and other European nations. Also in 2019, Terry Waya was appointed as one of 99 members of President Buhari’s Advisory Council.
The Banana Island Discovery
One of the most remarkable aspects of Terry Waya’s life is his role in the discovery of the well-known Banana Island in Lagos, Nigeria’s wealthiest state. In an interview with BBC News Pidgin, Waya claimed that he worked with Chagoury to develop the idea after being reminded of the potential by General Adisa, the minister of works at the time.
Legal Troubles and Controversies
Terry Waya’s life has not been without controversy and legal issues. He became involved in a high-profile case in 2005 involving DSP Alamieyeseigha, the former governor of Bayelsa State, for whom he provided bail of about £500,000. Questions concerning Waya’s wealth sources arose because of this act, with some saying he gained his wealth through corruption.
Subsequent legal complications followed, including his 2005 arrest in London on allegations of money laundering and his 2007 conviction for mortgage fraud. The enhanced market worth of his London property was then represented in a confiscation order of £1.54 million, which was subsequently lowered to £392,400 by the Supreme Court of England and Wales.
Waya encountered more legal issues in 2008 after being detained and arrested on charges of impersonation and extortion by the Economic and Financial Crimes Commission (EFCC). But that same year, he was released in December without facing any charges.
Family
Terry Waya is currently married to Susan Waya. They have two children together, Terseer Waya, popularly known as Kiddwaya and Daniel Waya. Kiddwaya was a former housemate on the BBNaija reality TV show.
He was previously in a relationship with Eno Olafisoye but their relationship did not last long. However, it is reported that they both have a son together.
How To Contact Terry Waya
Insgram: @terrywaya
Twitter: @TerryWaya
Conclusion
Terry Waya’s life is an interesting story, taking him from humble beginnings to a position of wealth and influence. While his success has been affected by several legal troubles and questions about the sources of his money, there is no doubt that he was able to leverage his influence and the opportunities he had.