Simon Guobadia's net worth: How did the Nigerian entrepreneur amass wealth?

Simon Guobadia rose to fame when he appeared on season 13 of The Real Housewives of Atlanta while still married to Falynn Guobadia. In 2022, Simon's most recent ex-wife, Porsha Williams, shared pictures of his lavish house on social media. In addition, Simon gave her an extravagant gift - a $300k Rolls Royce. These posh things made RHOA fans interested in Simon Guobadia's net worth and source of wealth. So, what is his worth?

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Earlier in 2024, Simon Guobadia was embroiled in a controversy that is still making headlines. It is alleged that the Nigerian businessman could be deported to Africa following his past criminal record.

Simon Guobadia profile summary

Who is Simon Guobadia?

Simon Guobadia was born in Nigeria on June 2, 1964, to Stanley Guobadia (father) and Martina Guobadia (mother). He completed his elementary and high school education in Nigeria.

Simon attended Loyola College in Oyo State, Nigeria, for five years and then joined Government College Ughelli in Delta State, Nigeria.

In 1992, he dropped out of college and immigrated to the United States. In 1993, Guobadia graduated with a BBA in accounting from the University of District Columbia in Washington, DC.

Simon is a proud father of six. He was previously married to Falynn Guobadia (nee Pina), a star on the reality TV show The Real Housewives of Atlanta. On November 25, 2022, Guobadia married Porsha Williams, and in February 2024, she filed for divorce.

Simon Guobadia's business

What business does Simon Guobadia own? Simon Guobadia considers himself a self-made, first-generation entrepreneur in the fuel industry.

In 2007, Simon founded Simcol Petroleum Limited Company, LLC (formerly Simon & Company), a petroleum supplier in Atlanta, Georgia. It specialises in supplying and distributing ultra-low sulphur diesel (ULSD) and various grades of gasoline products.

Simon's entrepreneurial spirit led him to many investments spanning music, movies, entertainment, hospitality and food and beverage.

In September 2017, he opened Simon's restaurant, which closed in May 2020 due to the COVID-19 pandemic. In 2020, he partnered with Academy Award winner Spike Lee to executive produce the TV film Son of the South.

He is also a philanthropist and makes regular donations to North Point ministries. Many of Simon Guobadia's businesses are explicitly geared towards making his Atlanta, Georgia, hometown a better place.

Simon Guobadia's house

Simon Guobadia's residence came to public attention when his ex-wife, Porsha Williams, moved in. As a famed TV personality, Porsha felt the need to share her new posh lifestyle with her fans.

The gorgeous $7 million mansion built in 2018 sits on two acres in Sandy Springs, Georgia. The Mediterranean-style mansion spans approximately 50,284 square feet. It has five bedrooms, five and a half baths, a home gym, an outdoor pool, and a sprawling garden.

Simon Guobadia's net worth

What is Simon's net worth on RHOA? According to Media Coverage and Business 2 Community, Simon Guobadia's net worth is approximately $40 million. The Nigerian has earned this wealth from his businesses spread across various sectors, including energy and petroleum, entertainment, hospitality, etc.

Simcol Petroleum net worth

There’s no information about the exact value of Simcol Petroleum, but it's estimated to be worth millions of dollars.

Simcol Petroleum is headquartered in Atlanta, Georgia, United States, and its operations suggest it is pretty valuable. It is a national fuel supplier that offers gasoline, ultra-low sulphur diesel, biodiesel and various grades of gasoline products. They offer 24/7 fuel delivery to both industrial and commercial businesses.

Simon Williams fraud allegations

Just recently, there have been rumours that Simon was denied USA permanent residency and is facing possible deportation. It is alleged that the Nigerian millionaire went to the USA in 1982 on a six-month visitor's visa but returned to Nigeria in 1985. He returned to the USA in 1986 on another six-month visa and overstayed it.

Several reports claim that in 1987, Samuel pleaded guilty to felony bank and credit card fraud. Between 1988 and 1991, he allegedly used a fake identity to hide his criminal past on immigration documents. In 1992, he was also reportedly arrested for credit card fraud and unauthorised vehicle use, resulting in his deportation.

Fortunately, a green card application he had made in 1988 was approved and he returned to the USA. In 2016, he applied for US citizenship but was denied because his temporary resident status had been unlawfully acquired.

In 2020 and 2022, he was denied citizenship again. In 2023, Guobadia filed a complaint to challenge the decision, but it was dismissed in early 2024.

FAQs about Simon Guobadia

Final word on Simon Guobadia's net worth

According to various sources, Simon Guobadia's net worth is approximately $40 million. His primary sources of wealth are his numerous business ventures in petroleum and energy, real estate, hospitality and entertainment.

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Source: TUKO.co.ke

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