Mompha, a Nigerian Business Man, is known to flaunt His wealth on Instagram, And if you’ve also always wondered how much is he worth, you’re in the right place.
Ismaila Mustapha, popularly known as “Mompha,” is arguably the richest big boy in Nigeria.
Some call him the Instagram billionaire, some say he is the richest “yahoo boy” in Nigeria.
Everyone is entitled to his opinion, after all. But from facts gathered at the time of writing this article, it is evident that he is wealthy.
Mompha Biography and Net Worth
Who is Mompha?
Mompha is a famous Dubai-based Nigerian social media big boy known for his lavish and extravagant lifestyle on Instagram.
He is known to show off his cars and houses and expensive accessories on his Instagram page. Just as expected, he wines and dines with the wealthiest guys in the country.
Born on 16 June 1979, the 41-year-old billionaire was born in Lagos state, where he completed his secondary education at the Government College Ikorodu.
He is a happily married man and blessed with two boys. He has a fleet of cars, huge mansions, and so many expensive accessories. Aside from that, the next thing has known to spend his money on is the regular “giveaway” he does on his Instagram page.
Even though most people question his source of wealth, including the Nigerian government, our reporter gathered that he is the owner and founder of “Mompha Bureau De Change” located in Bankole Street, Lagos Island, Nigeria, which is also a major source of Mompha net worth. The company is a currency exchanging company.
His source of wealth was questioned by the Nigerian anti-graft agency, EFCC (Economic and Financial Crime Commission), in 2019.
He was arrested and accused of money laundering, Before then, many have claimed he didn’t amass all his wealth from his currency exchange business alone.
Some said he is into fraud, drug trafficking, and many other illegal activities.
However, when EFCC arrested him, he was charged with cyber fraud and money laundering amounting to about #33 billion.
His company was also said not to be registered with the Special Control Unit Against Money Laundering.
Ismaila Mompha since his arrest two years ago by the EFCC has been residing in Lagos Nigeria while his court case proceeding continues to drag on. before now many has been wondering where Mompha has been staying since he had been granted bail months ago.
We are pleased to inform you that he resides in his Luxurious expensive home in Banana Island Lagos.
The cost of his House is yet to be confirmed, but it’s estimated to be around N800,000,000 Million naira ($2.5 Million Dollars).
Mompha Net Worth and Cars
When it comes to Mompha’s Car Collections, the List is numerous and mind-blowing when you take a close look at those luxurious fleet of cars owned by Mompha.
Below is a list of his car Collections:
- Rolls Royce 2018 Wraith worth $330,000;
- Mclaren 650S worth $265,000;
- Ferrari 488 Spider worth $300,000;
- Lamborghini Aventador Roadster worth $410,000;
- Bentley Bentayga worth $350,000;
- Mercedes Benz G63 AMG worth $200,000;
- Chevrolet Tahoe worth $213,000; and
- Range Rover worth $220,000
- Lexus LX 2020
Ismaila Mompha Net Worth 2022
Ismaila Mompha net worth in 2022 is estimated at $20 million dollars, making him one of the Top 10 Richest Yahoo Boys In Nigeria. judging by his numerous and mind-blowing luxurious fleet of cars, including the limited Rolls Royce, expensive Mercedes, and many others.
He also has super expensive wristwatches, including the highly-rated 75th pair of Christian Louboutin which was signed by him.
Although we haven’t heard that he owns a private jet himself, he is always on a particular one. If he bought it, I’m sure we would have known.
Conclusion on Mompha Net Worth
Ismail Mustapha is rich and he doesn’t hide it. He flaunts it and takes care of his family.
He used to be a close friend to hushpuppi, the Nigerian arrested in Dubai for Cyber fraud this year before they fought.