Richest Pastor In Africa, Bishop David Oyedepo’s Net Worth Hits N600 Billion, How God Has Blessed His Ministry

The Abrahamic order of blessing is surely
speaking on highly honoured Man of God and the
Presiding Bishop of The Living Faith World
Outreach Ministry also known as Winners Chapel.
Though nobody can truly estimate the net worth
of Bishop David Olaniyi Oyedepo, but the current
estimate is around 600 billion naira.
With the outstanding Canaanland reportedly worth
over N90 billion, with diverse projects erected and
revenue accrued from it, four jets valued at N25
billion, N15 billion on three universities and
several other schools, a reported N250 billion
housing estate when concluded, annual offering
and tithes to the tune of N31.2 billion annually,
7million books estimated to have raked in
N1billion, 400 buses worth N600 million, N10
billion Goshen City at Abuja and several other
ventures have made him a pastor with uncommon
grace for prosperity.
According to Wikianswers, Bishop Oyedepo is
arguably the richest pastor in Africa. The church
he founded in 1981 has grown in leaps and
bounds. The ministry now has over 2000 satellite
branches and present in 60 countries and
reportedly boasts of over one million members
worldwide and several others via outreaches.
The bishop entered the Guinness Book of World
Records in 2008, when he became the pastor of
the largest worship centre in the world, with a
sitting capacity of 50,000 and an overflow of
250,000 in Canaanland, Ota, Ogun State.
“The international headquarters of Winners Chapel
is called Faith Tabernacle. It covers about 70
acres (280,000 m2) and is built inside an over
10,500-acre (42 km2) church complex called
Canaanland, the international headquarters of the
ministry in Ota, a suburb of Lagos. The building
took 12 months to be completed. The foundation
laying held on August 29, 1998 and the
announcement of the time frame of one year for
the building project was announced on September
13, 1998, by Bishop Oyedepo at the Iyana Ipaja
church while work began on September 18, 1998.
The dedication of the building held on September
19, 1999 with 97,800 faithful in attendance. Faith
Tabernacle is presently the largest church
building in the world, with a sitting capacity of
50,400 people and an outside overflow capacity of
over 250,000, with four services every Sunday.
Construction completed in Canaanland till date is
estimated to be not less than $600 million (N90
billion) with an additional Canaan City Estate
currently under construction which will be the
largest housing estate in Africa and easily one of
the largest in the world with 15,000 housing units
and at a cost of N250 billion or $1.6 billion. This
is part of a grander scheme of 150,000 houses to
be built by the church.”
We scooped that he picks an average of N100
million offering and N500 million tithe weekly. The
estimate was that if a worshipper pays at least
N100 during their four services weekly on Sunday,
their over one million members would have paid
N100 million. And an average of 500,000 of the
worshippers fulfilling their tithes every Sunday
with an average of N1,000 is N5 million. If we add
the offering and tithe annually that’s N600 million
times 52 weeks and that’s N31.2 billion annually.
But note that even an individual at times paid
several millions on a Sunday as tithe,” a source
divulged.
As an educationist, Bishop David Oyedepo’s
mission currently pioneers the establishment of
educational institutions at all levels in and
outside Nigeria, including the widely established
Hebron or Covenant University with over 7,000
students as well as Faith Academy with 1,500
students both in Canaanland. Covenant University
was well documented in a Nigerian Television
Authority (NTA) documentary on Nigeria’s 50th
Independence Anniversary because of landmark
achievements in its few years of existence.
Covenant University was adjudged the best
private university in Nigeria in 2005, and one of
the goals of the institution is to be among the
best in the world by or before 2020.
According to Bishop Oyedepo, “Covenant
University is not just an institution, it is a
revolution in education.”
Faith Academy on the other hand placed fourth of
all secondary schools in Nigeria during the 2010
Senior Secondary Certificate Examination (SSCE).
The second university of the church known as
Landmark University in Omu Aran, Kwara State,
was approved by the Nigerian Government in
March 2011 and immediately resumed academic
activities the same month with about 1000
students. Construction at Landmark University is
estimated to be in the realm of at least $50
million (N7 billion) so far, while Bishop Oyedepo
insists that ‘spending continues’. Landmark
University (LU) has the mandate of spearheading
an agrarian revolution in Nigeria. Bishop David
Oyedepo stated in August 2010 that it takes a ride
of more than 100km to go around the walls of
Landmark University. Landmark University is
1,400 acres. The third one under construction is
Crown University in Calabar, Cross River State.
There are strong plans for about four more
universities across Africa including Abuja, Ghana,
Democratic Republic of Congo and Kenya as
announced by Bishop Oyedepo during Shiloh
2007.
1,000 acres have already been acquired for the
university in Ghana, while 300 hectares (about
750 acres) have been acquired for the Congo
university and this is going to be a French
speaking university. Recently, President Yahya
Jammeh of The Gambia appealed to the World
Mission Agency (WMA) of the Living Faith Church
to build a university in The Gambia.