Jowi Zaza is a vibrant and charismatic Nigerian businessman and owner of Jezco Oil Nig. Ltd who has a net worth of $75 million. Zaza caught media attention for the mindless and effortless way he flaunts his wealth on social media. He is one of the wealthiest young Nigerians at the moment.
When converted to Nigerian naira, Jowi Zaza’s net worth runs into several billions of naira. Over the years, his extravagant lifestyle has given him prominence as he has garnered more than half a million followers on Instagram alone and a lot more on other social media platforms. However, even though he loves to show off his immense wealth online, Jowi Zaza rarely talks about the source of his wealth.
A Rundown Of How Jowi Zaza Made His $75 Million Net Worth
Like we have mentioned already, Jowi Zaza is a very wealthy man. The 38-year-old businessman, who was born on the 19th day of March 1985, has managed to rake in an amazing net worth of about $75 million. a figure that translates to billions of naira when converted to Naira. This makes Jowi Zaza one of the wealthiest young persons in Nigeria. He is also friends with other very rich Nigerians like Obi Cubana, E-Money, Cubana Chief Priest, and others.
Zaza, whose full name is Joseph Ezeokafor Jnr., has always loved to keep mute on his source of wealth. Many people did not know much about what he did for a living for a long time, until now.
He Is The CEO Of Jezco Oil Nigeria Ltd
Jowi Zaza makes his money from the oil and gas industry in Nigeria. As a matter of fact, he is currently the Chief Executive Officer of Jezco Oil Nigeria Ltd, which happens to be a multi-million dollar oil and gas firm that was founded by his father. The company was founded in 1980 and has since grown in leaps and bounds. About eight years following its establishment in Nigeria, the company experienced immense growth and became a fully licensed oil service company and an independent marketer of petroleum products in 1988.
Jezco Oil Nigeria Ltd, which has its headquarters in Nnewi, Anambra State, deals in industrial and medical gas, as well as fuel, kerosene, and engine oil. The company has established many filling stations and retail outlets all over different parts of Nigeria. Today, the Jezco Group is well-known and is actually performing well in the world’s most populous black nation. As a matter of fact, one of the company’s subsidiaries, Jezco Lubricants, has been reportedly recognized with an award from Mitsubishi Motors.
As CEO, Jowi Zaza has come up with ideas to help further the growth of Jezco Oil and has also benefited financially from his position immensely.
Jowi Zaza Was Born With A Silver Spoon
Jowi Zaza was not born poor. As a matter of fact, he was born into great affluence. Zaza’s father is a man called Chief Joseph Ezeokafor Snr, a businessman who is considered to be among the wealthiest businessmen in Nigeria. Chief Joseph Ezeokafor Snr is the founder and Chairman of Jezco Oil Nigeria Ltd. He founded the company in 1980 and has since led it to achieve incredible success.
At the moment, Zaza’s father, Ezeokafor Snr, reportedly has an estimated net worth of about $2 billion, placing him among the very elite Nigerians. He is also a philanthropist who helps needy people all around Nigeria. When the deadly coronavirus pandemic broke in 2020, he donated an amazing ₦20 million to the Anambra State government to help the people during the lock-down. He went on to share COVID-19 palliatives (food items) to his people. These palliatives were worth tens of millions of naira and he gave them to his people in Ekwulobia.
Because his father is so rich, Jowi Zaza had everything he needed as a child. He was given the best of things every boy wanted and he was also given the best education. Apparently, because of his father’s immense wealth, business and connections, Zaza didn’t find it too hard finding his feet when he needed to.
Zaza Is A Well-Read Man
Jowi Zaza is a well-read man who has bagged several qualifications. From his childhood, he was taught that he was the heir to his father’s wealth and knew that he had to have the best education to carry on his father’s legacy. This is exactly what he did.
Starting out, Zaza attended Sacred Heart Seminary School in Nsude, Enugu State. When he finished from the school, he proceeded to attend Madonna University in Okija, Anambra State, where he completed his Bachelor’s degree program. He then left the shores of Nigeria for England for his post-graduate studies.
Jowi Zaza bagged his first Master’s degree from Coventry University. Not done, he moved to the United States and enrolled at the Kelce College of Business, Pittsburg where he bagged a second Master’s degree. It was after his first degree that he got pulled into his father’s company to begin learning the ropes. He has since grown through the ranks to become CEO.
Jowi Zaza Loves To Lavishly Spend His Money
Jowi Zaza does not just make money, he also likes to spend the money he makes, and in a lavish manner. He has spent millions of luxury items and is often seen going for vacations in different countries where he has incredibly amazing times with friends. He has toured countries like The Netherlands, Spain, Latvia, Mexico, Russia, Turkey, United Kingdom, United States, Cyprus, Tanzania, Dubai, Greece, France, and Brazil.
Zaza loves to travel. As a matter of fact, in 2018 alone, the businessman splashed several million on vacations. He toured cities like Riga in Latvia, Saint Petersburg in Russia, Dubai, and other places. He often goes sightseeing on chattered helicopters and wears expensive clothes designed by eminent fashion houses such as Dolce & Gabbana, Gucci, Louis Vuitton, and Zara.
The businessman also owns lots of houses and cars. Zaza is the owner of houses worth several millions of Naira around Banana Island and Lekki in Lagos State and also in his hometown of Ekwulobia in Anambra State.
The young businessman owns several expensive cars. In 2019, Jowi Zaza bought a white Lamborghini Aventador worth ₦43 million for himself as a way to celebrate his birthday. He also has the same car with a different color. Other cars he has include a Rolls Royce Phantom worth over ₦200 million, a Brabus G Wagon worth ₦180 million, a Bentley Continental GT worth ₦90 million, a Mercedes Benz 4matic worth between ₦30-₦60 million, and a Polaris Slingshot worth ₦13 million.
Why Some People Thought He Was Into ‘Yahoo Yahoo’
Like we have mentioned before, Jowi Zaza is a rich man who loves to show off his wealth. However, he does not often talk about how he makes his money. For this reason, many people who follow him on social media do not know the source of his wealth.
This is why some people have labeled him as a ‘yahoo boy’. In Nigeria, ‘yahoo yahoo’ is a term used to described internet fraud. So, a ‘yahoo boy’ translates to an internet fraudster. Some people felt that Jowi Zaza was an internet fraudster mainly because of the way he flaunted his wealth all over the internet which was a trademark of many people with dubious money-making sources.
Some people have gone as far as linking him to some known notorious internet fraudsters. However, these are mere allegations that have not been confirmed and Jowi Zaza himself has shunned them. For now, we know he is into oil and gas and has a smooth position in his father’s company.