Simon Guobadia’s Net Worth in 2023: A Deep Dive
Simon Guobadia is a successful Nigerian-American entrepreneur with an estimated net worth of 40 million in 2023. He is the founder and CEO of Simcol Group, a privately held, Atlanta-based company specializing in petroleum transport and storage. Guobadia has built his wealth through hard work and strategic investments over the past few decades.
In this article, we’ll take a look at simon guobadia net worth, background, his business ventures, personal life, and the sources of his substantial net worth.
Here is a bio table for Simon Guobadia:
| Simon Guobadia | |
|---|---|
| Full Name | Simon Iyore Guobadia |
| Birthday | June 2, 1964 |
| Birthplace | Benin City, Nigeria |
| Education | Bachelor’s in Accounting, University of District of Columbia (1996) |
| Occupation | Entrepreneur, Founder and CEO of Simcol Group |
| Net Worth | $40 million (estimated as of 2023) |
| Spouse | Porsha Williams (engaged 2021) |
| Previous Spouse | Falynn Pina (m. 2019–2021) |
| Children | None |
| Parents | Mr. & Mrs. Guobadia |
| Siblings | Quentin, Nicole, Christian, Benjamin Guobadia |
| Company | Simcol Group (founded 2001) |
| Investments | Real Estate, Stocks, Bonds, Startups |
| Philanthropy | Simcol Foundation |
| TV | The Real Housewives of Atlanta (executive producer) |
| Movies | Son of the South (executive producer) |
Simon Guobadia Early Life and Background
Simon Iyore Guobadia was born on June 2, 1964 in Benin City, Nigeria. He was raised in a close-knit family with his parents and four siblings – Quentin, Nicole, Christian, and Benjamin Guobadia.
Simon moved to the United States in the early 1990s to pursue higher education. He earned a Bachelor’s degree in Accounting from the University of District of Columbia in 1996.
After graduating, Guobadia started working as a tax manager at an Atlanta-based accounting firm. This experience equipped him with financial and business expertise that would prove invaluable for his future entrepreneurial success.
Professional Journey
The Birth of SIMCOL Group
In the heart of Atlanta, Georgia, a new star was rising in the business horizon – the SIMCOL Group. Simon wasn’t just content with being a part of the crowd; he aimed to lead it. Under his visionary leadership, SIMCOL Group wasn’t just a company; it was a dream taking shape. Guobadia has worked on different projects in the hospitality industry in Georgia. It began with him owning Time and Buckhead Bottle Bar, which unfortunately closed in 2014.
- Location: Atlanta, Georgia
- Founder: Simon Guobadia
- Vision: To innovate and lead in the real estate sector
Making Waves in Real Estate
Real estate isn’t just about land and buildings; it’s about spotting opportunities where others see none. Simon’s ventures in the real estate industry are a testament to his foresight.
Success Stories:
- Luxury Apartments: Transforming Atlanta’s skyline one building at a time.
- Shopping Centers: Creating hubs of commerce and community.
- Mixed-use Developments: Fusing work, play, and life in harmonious settings.
Beyond Bricks and Mortar: Diverse Ventures
Simon’s business acumen wasn’t just limited to real estate. His thirst for innovation led him to explore various avenues.
- Technology Startups: Investing in the future, one idea at a time.
- Partnerships: Collaborating with other real estate firms to expand horizons.
- Hospitality: From serving guests in hotels to serving success on a platter.
Founding of Simcol Group
In 2001, Simon Guobadia founded Simcol Group, a company specializing in wholesale fuel distribution. He started the business with the establishment of Simcol Petroleum Limited, based in Atlanta, Georgia.
As the founder and CEO of Simcol Group, Guobadia has overseen the company’s exponential growth over the last two decades. Here are some key facts about the company:
- Simcol Petroleum Limited – The core business within Simcol Group, providing petroleum transport and storage services.
- KLCS Petroleum Transport LLC – A transportation carrier service established in 2006 as part of Simcol’s expansion efforts.
- Buckhead Bottled Gas & Propane – A propane dealer and bottled gas supplier acquired by Simcol in 2010.
- Simcol Foundation – A non-profit founded by Guobadia focused on providing opportunities for impoverished youth.
Under Guobadia’s leadership and strategic vision, Simcol Group has grown into a thriving enterprise with annual revenues estimated at over $200 million.
Personal Life and Marriage to Porsha Williams
In his personal life, Simon Guobadia was previously married to Falynn Pina (formerly Falynn Guobadia). The two were married from June 2019 until Simon filed for divorce in January 2021.
In May 2021, Guobadia surprised fans by announcing his engagement to star porsha williams of The Real Housewives of Atlanta. Porsha was previously married to Kordell Stewart.
Simon guobadia and porsha williams met through the Real Housewives connection, as Porsha was previously friends with Falynn. Despite a brief scandal, Simon and Porsha are still planning their wedding in 2023.
Simon Guobadia Net Worth in 2023
So how much is Simon Guobadia worth in 2023? Here’s a breakdown of his net worth sources:
- Simcol Group – The majority of Guobadia’s net worth stems from his ownership stake in his petroleum company, estimated between $30 – $35 million.
- Real Estate – Guobadia owns multi-million dollar houses in Atlanta and Lagos, Nigeria. His real estate holdings are worth around $5 million.
- Investments – Guobadia has invested in stocks, bonds, and startups over the years. These outside investments contribute a few million.
- Executive Producer Credits – Guobadia was an executive producer on the 2018 film Son of the South. He also has executive producer credits for several RHOA episodes.
Based on these sources, Simon Guobadia’s net worth is estimated to be around $40 million in 2023. As his companies and investments continue to perform well, his net worth could grow even higher in the coming years.
Key Takeaways on Simon Guobadia’s Wealth and Success
To summarize Simon Guobadia’s background and his $40 million net worth empire:
- Hard Work – His story proves that perseverance and determination can help build substantial wealth.
- Education – He leveraged his accounting education and financial expertise to launch a successful business.
- Strategic Investing – Diversity across companies, real estate, and investments has allowed Guobadia’s net worth to flourish.
- Giving Back – Guobadia stays grounded through philanthropic initiatives like the Simcol Foundation.
At just 59 years old, Simon Guobadia’s net worth will likely continue rising in the future through his business leadership and savvy investments. His story serves as inspiration for other entrepreneurs striving for success in their respective industries.
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Last Updated on July 31, 2023 by
Shahid Maqsood, with an MBA and a Master’s in Mass Communications, has 10 years of writing experience. Specializing in news and celebrity coverage, he brings a unique perspective from his love for hunting and camping, difference between. He’s passionate about the outdoors, especially hunting and camping. Shahid contributes to websites like dosttrusty.com, distinctionbetweencom and bruitly.com offering insightful articles on news and celebrities. His straightforward, engaging style makes him a trusted source for readers.
