Jim Ovia is an entrepreneur from Nigeria who has built an empire of wealth for himself via his exploits in the business world. Jim, who is also a motivational speaker, has created various institutions that have had a positive impact on tons of Nigerians (and even Africans in general).
He is the Chairman of Zenith Bank PLC and under his drive, the bank has excelled greatly in various regards, accumulating tons of customers that keep ensuring its annual revenue. He is one of the richest men in Nigeria who can boast of having a net worth that is in the region of $980 Million.
Jim Ovia Net Worth In Dollars 2020 And Biography
- Full Name: Jim Ovia
- Date of Birth: 4th, November 1957
- Nationality: Nigerian
- Place of Birth: Agbor, Delta State
- Net Worth: $980 Million
Jim Ovia Biography/Wiki
Jim Ovia was born on the 4th of November, 1957 in Delta State, Nigeria. The young Jim was sent to a school in an area known as Bojiboji-Owa for his secondary school education (Ika Grammar School).
As a youngster, Jim was advised to go for a career in business administration (by someone close to him). Little did he know that such a decision would eventually become extremely profitable in the coming years.
Jim Ovia started his career as an inexperienced youngster curious enough to get all he needs to excel. He worked as a clerk in Union Bank – one of the country’s earliest banks. Jim worked there for about three years before he moved to the United States of America to further his education. There in America, he earned both a Bachelor degree as well as a Master’s.
Before coming back to Nigeria, Ovia involved himself in various productive stuffs that increased his value and wealth of knowledge. He was flexible enough no doubt, that he soon found himself getting involved in information technology, working at the now-defunct Baton Rouge Bank and Trust Company as a part-time computer operator.
He decided to return to Nigeria to expand himself and put his hands on various other things. He worked with some banks in his career – due to some factors, it wasn’t too difficult for him. The experiences gathered there helped him vehemently in his entrepreneur journey.
Journey As An Entrepreneur
When General Ibrahim Badamosi Babangida chose to deregulate the Nigerian banking sector as the then Head of State, Jim Ovia started Zenith Bank.
Impressively, the Bank started from the scratch, with just a few customers, but with consistently and strategic steps (alongside other factors such as innovation), Zenith Bank can now boast of being one of the best banks in Nigeria as things stand now. The institution is one of the huge financial service providers in Nigeria. They provide a range of business and personal banking products to tons of clients in different parts of the country today.
Zenith Bank Plc has its headquarters in Lagos State (in Victoria Island). With tons of branches in the country, Zenith Bank attends to the financial needs of a lot of Nigerians on a daily basis. After capturing the Nigerian market to a reasonable extent, the management of the bank has deemed it fit to open the necessary doors for expansion, and have now begun operators in several African countries, like Ghana, Sierra Leone, Gambia, and South Africa. Also, the bank became a Public Limited Company in the year 2001.
Few years before now, it came as a surprise when the news went viral that the bank now has a branch in China, in Asia. Zenith Bank has been able to break several boundaries and has done several superb stuffs in the sector. For instance, they became the first bank in the country in 25 years to be licensed by the UK Financial Services Authority.
Jim Ovia is a crucial brain behind the leaps of the institution. Under him, the bank moved from its initial stage of being simply a little commercial bank, and it became a large financial service conglomerate.
Personally, as an entrepreneur, Ovia has achieved quite much that he can conveniently see himself as a role model for others to emulate. And indeed, many look up to him, both within and outside the country.
Jim Ovia And His Growing Influences
One thing that makes him attractive is his flexibility. He tries to stretch himself, his mind, and his strategies. After amassing a reasonable amount of success in the banking sector, he began looking elsewhere that can be exploited to the fullest. Being a person with interest in technology, Jim Ovia started Cyberspace Network Limited.
The firm played a role in the circulating of internet services in Nigeria. They offer software services and network services such as 4G LTE, CYBER MAX, as well as METRONET.
As Nigerians, if Cyberspace Network Limited is not familiar, then Visafone Communications Limited will be. Before the arrival of some others, Jim has brought the wireless network provider (which he established in year 2007). It grew impressively to garnered millions of subscribers, before MTN eventually bought it.
Additionally, apart from his exploits in the business world, Jim is also an author (he wrote Africa Rise And Shine), and he also speaks to motivate people. Jim has served and has been appointed to serve on various boards. For instance, when he left the position of the Chief Executive Officer of Zenith Bank, he was made the Chairman in the year 2014. Additionally, Mr. Jim sits as chairman of the following boards:
- Nigerian Software Development Initiative (NSDI)
- National Information Technology Advisory Council (NITAC)
- Quantum Markets Limited
- Cyberspace Network Limited.
Jim Ovia Net Worth 2020
So, how much is he worth? Considering his exploits and achievements, how much do you think is the net worth of Jim Ovia? This is what we will expound and expatiate right now.
Well, while there are various figures, Jim’s net worth is said to be currently around $980 Million. It is also necessary to add that as at 2015, he is said to be worth around $550 million. This means Jim has been able to see spectacular increases in his worth.
Such net worth means Jim Ovia is very wealthy, one of the richest men in Nigeria.
Jim Ovia As A Philanthropist
Having seen his huge net worth and wealth, it is expected that he gives back to society to promote good causes. Well, he is philanthropic who gives to the flourishing of others. He is particularly interested in the angle of education. He founded his foundation – the Jim Ovia Foundation – as far back as 1998.
The Jim Ovia Foundation has set out to invest in the potentials of youngsters in the country. It is believed that doing this will ensure the country’s socio-economic growth and that it will better the standard of living of the Nigerian society.
They operate distinctly to achieve their respective good causes:
- The James Hope College
- Jim Ovia Scholarship
- Jim Ovia ICT Entrepreneurs Programme
- Empower Youth Program
Jim Ovia Recognition and Awards
Jim Ovia has been applauded several times for his impressive works in various regards. Although there are a lot of times he has been applauded via different mediums, here are some recognitions and awards he has been honoured with:
- Professional Leadership Award at Zik Awards, 1999
- Vanguard’s 20 Most Outstanding CEO’s in Corporate Nigeria, 2002
- Honorary Doctorate in Finance by Lagos State University, 2005
- CEO of the Year at ThisDay Award of Excellence, 2008
- Commander of Order of the Federal Republic of Nigeria, 2011
- Lifetime Achievement Award at Africans Banker Awards, 2015
- Forbes’ Africa’s 50 Richest, 2015
- Africa’s Business Leader at Africa American Institute Awards, 2017
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