Femi Adebayo’s net worth of about $500,000 makes him one of the richest celebrities in Nigeria. The actor, film director, producer, lawyer, entrepreneur, and politician, has earned a lot from his various career endeavors. He is the son of the veteran actor Adebayo Salami, popularly known as Oga Bello, and originates from Ilorin, Kwara State. However, he was born and raised in the Ebute Metta area of Lagos State, Southwest Nigeria.
Femi had his tertiary education at the University of Ilorin, where he obtained a bachelor’s degree in Law. He later obtained a master’s degree in Law at the University of Ibadan. Today, he is one of the richest actors in Nigeria, with a net worth estimated at N206 million ($500,000). Learn more about Femi Adebayo and how he accrued his mouth-watering net worth below.
How Femi Adebayo Switched From Practicing Law to Acting
It not uncommon for one to excel in careers that are entirely different from what they studied in college. The Nigerian Industry also boasts of a handful of celebrities like Femi Adebayo, who made a U-turn from being a practicing lawyer to acting. The likes of Funke Akindele-Bello and powerhouse singer Omawumi tops this list.
Femi had nursed his passion for the actor since his childhood, and thanks to his father, who was already in the business, trying few acting roles was not difficult. He got his first acting role in the movie Ogun Ajaye when he was thirteen years old. Sharing more screen roles with his father, Femi developed more passion for acting.
After obtaining a bachelor’s and master’s degree in Law at the University of Ibadan, Femi practiced law for two years before finally deciding to switch to entertainment as an actor. He came into the limelight in 1996 after getting a major role in a movie titled Owo blow, which Tade Ogidan directed. His role in Owo Blow won him an upcoming actor award.
With over 200 films he has featured in, Femi is currently one of the most popular Yoruba actors in the Nigerian movie world. He is also popular for his role in parts one and two of the hilarious Yoruba comedy film, Jelili. His latest movie, “The return of Jelili,” is still trending and has appeared in many cinemas across the country.
His Acting Career is a Major Source of His Wealth
Femi is one of the most influential and highly paid actors in Nigeria. While a large chunk of his net worth came from his acting career, the actor is yet to state how much he is paid per movie role. However, following his skills and popularity in the industry, he is categorized among the likes of Odunlade Adekola and Funke Akindele, who received from N400,000 upwards per movie role. This is quite huge considering the number of film roles he takes every year.
Femi’s acting career has fetched him both the wealth and fame he desired. His acting career has also paved the way for the world to get to know him. Thanks to his works, Femi has grown massive followers on various social media platforms. The actor has over 2.7 million active followers on Instagram. Going by his account’s engagement rate, he joins his co-influencers to generate income either from sponsored posts or by promoting brands and products. Influencers like him charge nothing lesser than $1,000 per sponsored post.
Other Sources of Femi Adebayo’s Net Worth
Apart from acting, he has other business that earns him a lot of money as well. As a movie director and producer, he has produced quite a handful of quality films. Other areas he makes meaningful income include:
J-15 Media Network
He is currently the MD and CEO of the J-15 media network Nigeria. J-15 is a performing arts school in Ibadan, which he established in 2008 to produce well-trained actors and actresses. Over the years, it has produced technically sound individuals who are doing well in the movie industry. Some of them include Aishat Lawal, Tope Adeoye, Wonuola Adekunle, and a host of others. As a result of its impact on society, J-15 was awarded a unique industry Academy platform award by Emperor Nollywood Awards in 2018.
Also, a source of Femi Adebayo’s net worth is the numerous endorsement deals he signed with top-notch companies in Nigeria. His latest endorsement was made in February 2021, when the entertainer signed a deal with T. Pumpy Estate, a real estate company focused on helping people own land or house in the Federal capital territory, Abuja. Other endorsement deals Femi has signed include:
- A multimillion naira endorsement deal with a brewery company called trophy beer
- Ammbassadoril deal with Goldmender Global Investment Limited, which is an outdoor /indoor advertising company
- A brand ambassador for a health and beauty company known as Spedy Weight Loss
- And an endorsement deal with a motor company called Unique motors. He was given a Hilux car as a gift from the company.
- Brand ambassador for Kayode Obembe & co, a leading property company in Nigeria. He received a landed property for the duration he will be the face of the brand.
His Appointment As Special Adviser
Femi Adebayo was appointed the special adviser to the governor of Kwara State, Abdulfatah Ahmed, on arts, culture, and tourism. He got the position in 2016 and is in charge of the state’s arts, culture, and tourism. As a politician, this office is definitely coming with a whopping sum as salary, although the amount is unknown.
A Look At How The Actor Spends His Wealth
As a rich celebrity, Femi can’t be left out when it comes to luxury. After divorcing his first wife, Khadijat, he moved to a new house. The new house is situated near Iwo road, in Ibadan, Oyo State. The house is rumored to be a twin duplex and has an expensively decorated exterior. Its interior is decently decorated but still massive and just right for someone as famous as he is.
Femi Adebayo Has an Enviable Car Collection
Femi Adebayo can’t be left out when it comes to cars as a rich celebrity. He has several exotic cars in his collections. Check out some of his popular wheels below.
Golf Volkswagen Passat (N4 million)
The car is built with adult-friendly seating and a large trunk. Its lone available engine has sufficient power for your daily commute. The actor bought it in 2014, and it cost him around N4 million at that time.
Kia Sorento SUV (N5.5 million)
This actor’s car was snatched in a robbery a few months after it was bought in 2012. The robbery took place in Ogba Lagos State. The Kia Sorrento SUV was stolen alongside his Blackberry bold 5, blackberry Porsche, an expensive IPad, and a few other valuables. Still, with the intervention of the security agency, the car and the valuables were recovered. He bought the car for 5.5 million Naira.
Toyota Hilux TRD – N35 million
The Nollywood actor received the brand new Hilux in November 2020, after successfully signing a multi-million naira deal with Nigerian auto dealership- Unique Motors. In addition to having quite a comfortable interior, the Toyota Hilux is effectively silent at highway speeds.
Other luxury cars in the actor’s garage include:
- Toyota Highlander – N18 million
- Toyota venza – N10 million
- Toyota Camry- N10 million
Femi Adebayo or Odunlade Adekola, Who is Richer?
Femi Adebayo is more successful than most active Yoruba movie actors based on their net worth. Actors like Olaniyi Afonja, whose net worth is estimated to be $300,000, Muyiwa Ademola with a net worth of $400,000, and Wale Akorede Okunnu with a net worth of $450,000 cannot be compared with Femi Adebayo because he has made more fame for himself, and this has fetched him more money.
However, this does not make Femi the richest actor. He is not even richer than Odunlade Adekola, whose net worth is estimated to be $1 million. Adekola is considered to be the richest active Yoruba movie actor. Odunlade has made more fame than Femi as he has also included singing as one of his professions, which is also earning him more money.
Femi Has Recorded a Few Awards in His Name
Femi Adebayo has also bagged some notable awards to himself as a talented, creative, and energetic celebrity. Some of the awards include:
- Best Yoruba actor at the 17th African Film Awards popularly known as Afro Hollywood Awards at the Stratford Town Hall in London.
- Best of Nollywood broadcasting organization of Nigeria Awards in 2012.
- Africa Magic Viewers Choice Awards (AMVCA) for Best Indigenous Movie (Yoruba) in 2018.
- City people Movie Awards for Best Actor of the year (Yoruba) in 2017.
- City People Entertainment Awards for Best Movie Producer of the year (Yoruba) in 2015.