{"id":83785,"date":"2023-08-10T14:06:47","date_gmt":"2023-08-10T13:06:47","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=83785"},"modified":"2023-08-10T14:06:49","modified_gmt":"2023-08-10T13:06:49","slug":"damola-adamolekun-age-salary-and-net-worth","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/damola-adamolekun-age-salary-and-net-worth\/","title":{"rendered":"Damola Adamolekun Age, Salary and Net Worth"},"content":{"rendered":"<p><strong>Damola Adamolekun is a 35 year-old US-based Nigerian business executive and former CEO of P.F. Chang, a famous restaurant chain. His net worth is <\/strong><strong>estimated at $10 million, and he earned this fortune from his exploits as an entrepreneur.<\/strong><\/p>\n<p>Damola Adamolekun is among the many black talents doing well across the globe.\u00a0 Damola made history when he became P.F. Chang&#8217;s first black CEO of one of the most well-known restaurant chains in the hospitality industry. He is today, one of the young and well-established Nigerians making an impact in the global market. Aside from being one of the biggest black entrepreneurs, do you know Damola is also a sports enthusiast? Get to know more about him as you read further.<\/p>\n<div class=\"sue-panel\" data-url=\"\" data-target=\"self\" style=\"background-color:#faf2f1;color:#262625;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;box-shadow:0px 1px 2px #eeeeee;-moz-box-shadow:0px 1px 2px #eeeeee;-webkit-box-shadow:0px 1px 2px #eeeeee;border:1px solid #cccccc\"><div class=\"sue-panel-content sue-content-wrap\" style=\"padding:15px;text-align:left\">\n<h3><b>Damola Adamolekun\u2019s Biography Summary<\/b><\/h3>\n<ul>\n<li><b>Full name: <\/b>Damola Adamolekun<\/li>\n<li><b>Gender: <\/b>Male<\/li>\n<li><b>Date of birth: <\/b>1989<\/li>\n<li><b>Damola Adamolekun\u2019s Age: <\/b><span style=\"font-weight: 400\">35 years old<\/span><\/li>\n<li><b>Ethnicity: <\/b>Yoruba<\/li>\n<li><b>Nationality: <\/b>Nigerian, American<\/li>\n<li><b>Sexual Orientation: <\/b>Straight<\/li>\n<li><b>Religion: <\/b>Christianity<\/li>\n<li><b>Marital Status:<\/b> Single<\/li>\n<li><b>Damola Adamolekun\u2019s Parents: <\/b>Mr and Mrs Adamolekun<\/li>\n<li><b>Damola Adamolekun\u2019s Height in Inches: <\/b>5\u00a0Feet 11 inches<\/li>\n<li><b>Damola Adamolekun\u2019s Weight: <\/b>80kg<\/li>\n<li><b>Damola Adamolekun\u2019s Net worth: <\/b>$10 million<\/li>\n<li><b>Famous for: <\/b>Being CEO of P.F. Chang<\/li>\n<\/ul>\n<\/div><\/div>\n<p><strong style=\"color: #111111;font-family: Roboto, sans-serif;font-size: 27px\">What Is Damola Adamolekun\u2019s Age Today?<\/strong><\/p>\n<p>Damola Ademolekun is 35 years old as of today. He was born in 1989 in Nigeria but was raised in places such as Zimbabwe, Amsterdam, Springfield, Ill., and Columbia, Md. His father, Mr. Adamolekun, is a neurologist, and his mother is a pharmacist. Damola has two younger brothers whose names are currently not known. Apparently, he is the first child and son of his parents.<\/p>\n<p>Being the son of two well-educated people, Damola had quite a sound educational background. He attended Brown University, where he pursued finance and excelled with a degree in the course. He also has a Master of Business Administration from Harvard Business School. He is one of the fastest-growing <a href=\"https:\/\/buzznigeria.com\/top-10-richest-forex-traders-in-nigeria\/\">young entrepreneurs and investors<\/a> in the world.<\/p>\n<h2><strong>What Is Damola Adamolekun\u2019s Ethnicity?<\/strong><\/h2>\n<p>Damola belongs to the Yoruba ethnic group located in the Southwestern part of Nigeria. His father is a Yoruba man, and although he grew up experiencing various cultural backgrounds from different ethnic groups around the world, he still remained rooted in his Yoruba heritage.<\/p>\n<p><a href=\"http:\/\/media.licdn.com\/dms\/image\/C4D22AQFnwGy8bW77sw\/feedshare-shrink_800\/0\/1678295756672?e=1694649600&amp;v=beta&amp;t=9_ZMxb5sbqFXkgzBkcUGZkkhjoEaClfJBcUaK2Uy7cA\"><img decoding=\"async\" class=\"alignnone size-full wp-image-83808\" src=\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2023\/08\/Damola-family.jpg\" alt=\"\" width=\"696\" height=\"497\" srcset=\"https:\/\/buzznigeria.com\/wp-content\/uploads\/2023\/08\/Damola-family.jpg 696w, https:\/\/buzznigeria.com\/wp-content\/uploads\/2023\/08\/Damola-family-260x186.jpg 260w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/a><\/p>\n<h2><strong>Damola Worked On Wall Street After College\u00a0<\/strong><\/h2>\n<p>Although he was raised by parents who were well-grounded in everything related to academics, Damola still grew his business sense from the four corners of his home. His first exposure to business was at his mother&#8217;s retail store in Nigeria. In addition to learning some of the key requirements to a successful business, he also learned about work ethics while helping to manage his mother&#8217;s store.<\/p>\n<p>Damola has always found business interesting, even when he was young. When he was still in high school, he started working, and he invested all his earnings. At the age of 16, he opened his first stock portfolio and was dedicated to his investment plans. His passion and intellectualism in everything that pertains to investments earned him a position as president of the Brown Investment Club.<\/p>\n<p>After graduation, Damola went to New York and started working on Wall Street, pursuing his path toward an investing career. He also worked as a Private Equity Group Summer Analyst at Goldman Sachs. In 2011, he became the company&#8217;s Investment Banking Analyst. In July 2013, he reportedly joined TPG Capital as a Private Equity Associate, where he worked for more than two years until July 2015.<\/p>\n<p>Damola turned his entrepreneurial passion into an operating career when Paulson bought P.F. Chang\u2019s. He was also a member of the Board of Directors at International Tower Hill Mines LLC from March 2018 to June 2020.<\/p>\n<h2><strong>Damola Became the CEO of P.F. Chang\u2019s at Age 31<\/strong><\/h2>\n<blockquote class=\"instagram-media\" data-instgrm-captioned data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/Ccv8OVftlCQ\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\">\n<div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/p\/Ccv8OVftlCQ\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\"> <\/p>\n<div style=\" display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/p\/Ccv8OVftlCQ\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\">A post shared by BLK Culture (@blkculture_)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<p>At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. Chang, one of the largest high-repute upscale-dining Asian restaurant brands located in Scottsdale, Arizona, in the United States of America. He began to lead the company in 2020, a year after Paulson &amp; Co became one of the principal owners of P.F. Chang\u2019s, which was bought for $700 million.<\/p>\n<p>As the CEO of P.F. Chang, Adamolekun dealt with overhauling the restaurants&#8217; eating regions and menu and tech stack; through the COVID-19 pandemic. Under his leadership, Chang\u2019s also pursued some innovative strategies, such as the inclusion of delivery and to-go orders, which was previously viewed as unfitting to the brand.<\/p>\n<p>He equally initiated a monthly subscription program which was not only helpful in improving customer experience but was also key to the financial improvements of the company. P.F. Chang\u2019s China Bistro reportedly recorded a 31.7% increase in sales in 2021 compared to its previous years. The company also witnessed the opening of 10 new restaurants, including a Manhattan flagship.<\/p>\n<h2><strong>Damola Adamolekun\u2019s Salary<\/strong><\/h2>\n<p>Damola&#8217;s current salary has not been unveiled, but it is assumed to fall around the scope of $130,000 or more yearly. This was Richard Federico\u2019s pay when he filled in as P.F. Chang\u2019s CEO. He is remembered to have total assets of about $2 million starting around 2022 because of his successful profession. It is also possible that Damola Adamolekun&#8217;s salary is as high as $236,188 per annum.<\/p>\n<h2><strong>Damola Adamolekun\u2019s Net Worth<\/strong><\/h2>\n<p>Damola&#8217;s net worth is estimated at $10 million. He earned this fortune from working on Wall Street as well as his P.F. Chang salary. In addition to his monthly earnings as salary, Damola Adamolekun makes huge income from investments.\u00a0 The 35-year-old business-centric isn\u2019t restricted to one business; he is connected with different organizations and holds a critical stake in most of them.<\/p>\n<p>Since June 2016, Damola owns a major share in Paulson &amp; Co \u2013 the investment group that joined forces with TriArtisan Capital Advisors to buy P.F. Chang for $700 million in early 2019 from private-equity firm Centerbridge Partners. He joined TPG Capital as a Private Equity Associate in July 2013, and he worked there for more than two years until July 2015.<\/p>\n<p>Similarly, Damola Adamolekun has been a Partner at Paulson &amp; Co. since June 2016. Likewise, he has also served as a member of the Board of Directors for the National Restaurant Association since January 2023.<\/p>\n<h2><strong>Is Damola Still The P.F. Chang\u2019s CEO?<\/strong><\/h2>\n<p>Damola stepped down as P.F.Chang&#8217;s CEO on August 1, 2023. He officially became the company&#8217;s CEO in 2020 and led through half of 2023. During his tenure, Chang&#8217;s total sales rose nearly 13% from 2019 to 2022, and AUVs increased by more than 11%.<\/p>\n<p>Damola Adamolekun stepped down to return to the chain\u2019s private-equity owner, Paulson &amp; Co.; the PE firm took an ownership stake in P.F. Chang\u2019s in 2019 and installed him as CEO to focus on investments. Damola&#8217;s transition was effective on Tuesday, August 1, 2023, and he would be replaced on an interim basis by board member Rohit Manocha while P.F. Chang searches for a permanent replacement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Damola Adamolekun is a year-old US-based Nigerian business executive and former CEO of P.F. Chang, a famous restaurant chain. His net worth is estimated at $10 million, and he earned this fortune from his exploits as an entrepreneur. Damola Adamolekun is among the many black talents doing well across the globe.\u00a0 Damola made history when [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":83809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Damola Adamolekun Age, Salary and Net Worth<\/title>\n<meta name=\"description\" content=\"Damola Adamolekun is a US-based Nigerian business executive and CEO of P.F. Chang with a net worth of $10 million. 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Chang with a net worth of $10 million. 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