Subomi Balogun Biography – Age, Career, How He Died And Net worth


Subomi Balogun Biography – Age, Career, How He Died And Net worth

Subomi Balogun was a renowned Nigerian banker and philanthropists.


Olasubomi Olaotan Olaonipekun Balogun was born on 9 March 1934 in Ijebu-Ode in present-day Ogun State. He was 89 years old. He was a direct descendant of the Awujale (king of Ijebuland). He spent his early years there before moving to Lagos state for his education and eventually became quite comfortable with being called Subomi.


He had his secondary education at Igbobi College, Yaba, Lagos, then wrote and passed the Cambridge School Certificate in Grade One in 1952, and later the General Certificate Examination (GCE) Advanced Level.

Afterward, Subomi taught in a secondary school for a while before heading to the London School of Economics (LSE) in 1956 to read Law. After graduating in June 1959, he was called to the English Bar in December 1959.Upon completion, he served as a Crown Counsel in both the Ministry of Justice of the then Western Nigeria and then, as Assistant Parliamentary Counsel in the Federal Ministry of Justice in Lagos.

He was later sponsored by the Western Regional Government to receive special training in Legal Drafting in Whitehall and the City of London, with a particular specialisation in financial legislation, instruments, and agreements.

He was widely respected for his business acumen and his commitment to social responsibility, which led him to support numerous charitable causes throughout his life.

Subomi Balogun had a long and illustrious career in the banking industry, spanning several decades.

He was also the founder of First City Monument Bank, one of Nigeria’s leading financial institutions.

How he died

According to reports, Balogun reportedly died in London Friday 19 May, 2023 at the age of 89.

Net Worth

Otunba Subomi kept a very low profile despite his wealth. He is reportedly worth an estimated net worth of $700 million.

The silent billionaire is a lover of exotic cars in his fleet. He is a staunch lover of the British luxury car, Rolls Royce, and he owns eleven of the expensive limousines making him top the list of Nigerians with the most Rolls Royce.


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