Pastor Ashimolowo quits preaching after 40 years, begins real estate business

After preaching the Christianity gospel for over 40 years, veteran Pastor Matthew Ashimolowo, founder of Kingsway International Christian Centre, KICC, has chosen a new career real estate business.

Unknown to most of his followers, the popular televangelist has retired from full-time Christian ministry and is now one of the biggest landowners in Lagos.

Although he has been acquiring real estate since the age of 27 when he acquired a small parcel of land, he expanded it to include about 900 acres of land in the Mowe area of Ogun State, where he built six estates before moving on to acquire more parcels of land in Ibeju Lekki coastal area of Lagos.

In addition to owning several properties in Pinnoch Estate, Lekki, Lagos, where he lives in a luxurious, smart-enabled mansion, he also owns several acres of land scattered around Lagos.

Pastor Ashimolowo is currently building one of the biggest luxury estates in Lagos via his Makarios Luxury Properties. The luxury estate known as Makarios: The Luxury Place, is a dream city as he would like to call it, a world class project, an absolutely outstanding luxury place to live in that he hopes will rival the Dubai Marina. It sits on 95 acres of land where many rich people are now buying service plots.

The estate, which is being constructed by a German company, will feature about 11 number, 10-floor high-rise buildings, 192 terrace houses, 18 detached houses at completion.

He has earmarked almost 300 parcels of land on the luxury estate for sale. While he has a full-time pastor managing the Lagos branch of his church, his first son, Tobi, is in charge of the London branch and headquarters of the church. He is ably assisted in ensuring the smooth running of the church by his wife, Pastor Yemisi.

The delegation of roles affords him the opportunity to expend enough time and energy on his real estate business and complete Makarios: The Luxury Place in record time. When he is not busy holding online early morning preachings and dishing out prophetic declarations.