Nigerian oil and telecom businessman Babatunde Tijani Folawiyo, best known as Tunde Folawiyo, has an estimated net worth of $650 million as of 2015, according to Forbes. He is the Managing Director of Yinka Folawiyo Group.
Born Babatunde Tijani Folawiyo on April 12 1960. He is the son of Wahab Folawiyo, the founder of Yinka Folawiyo Group and a popular Islamic leader. Tunde Folawiyo earned a BSc degree in Economics, and an undergraduate and Master’s degree in Law from the London School of Economics. He has been awarded an honorary doctorate degree in business administration by Crescent University in Abeokuta.
Tunde Folawiyo took over the company when his father passed away in the year 2008. Wahab Folawiyo started the company in 1957 as a commodities trading outfit and was its chairman till his death. Today the Yinka Folawiyo Group is a conglomerate with interests in agriculture, energy, real estate, shipping and engineering. The group’s oil exploration firm Yinka Folawiyo Petroleum owns 60 percent interest in an oil block that contains the famous Aje offshore field.
Tunde Folawiyo owns a minority stake in MTN Nigeria, a mobile telecommunications company and a minority stake in Nigeria’s Access Bank.
Folawiyo is married. He has been involved in various philanthropic activities. He has held various roles key to his mission of fostering education, economic growth and the spread of philanthropy.