Simon Guobadia Net Worth 2024: Income Sources, Wife, Divorce

Disclaimer: The net worth estimates and associated data that are displayed here come from a range of open sources online and offline. Due to the possibility of periodic changes in financial numbers and valuations. The net worth, assets and liabilties mentioned here should not be considered as facts.

Last Updated on April 14, 2024 by Benjamin Mulany

Explore the journey of Simon Guobadia, a Nigerian-American entrepreneur, philanthropist, and executive producer. The CEO and Founder of SIMCOL Petroleum, Simon Guobadia net worth is estimated at $40 million.

From petroleum, logistics, real estate, and entertainment, Simon Guobadia has built up his wealth by developing businesses in diverse industries.

Here we will also uncover facts about Simon Guobadia’s biography, philanthropic work, personal life, wives, and strategic business partnerships.

Simon Guobadia Wiki Information

Full NameSimon Iyore Guobadia
Popular NameSimon Guobadia
Net Worth$40 million
ProfessionEntrepreneur, philanthropist, and executive producer
Birth DateJune 2, 1964
Age59 years old
Height5’11” (1.80 m)
Weight68 kg (150 lbs)
Ex-wifePorsha Williams
UpdatedMarch 2024

Quick Facts

  • With its headquarters located in Atlanta, Georgia, Simon Guobadia formed SIMCOL Petroleum Limited Company in 2010.
  • Alongside Spike Lee, he executive produced the movie “Son of the South” in 2020.
  • Porsha Williams and Simon Guobadia tied the knot on November 25, 2022.
  • His former spouse was “The Real Housewives of Atlanta” co-star Falynn Guobadia (née Pina).
  • In February 2024, Porsha Williams filed for divorce from Simon Guobadia.

Simon Guobadia Net Worth Sources

Simon Guobadia’s sources of wealth are primarily generated from his entrepreneurial ventures and investments in various industries. Below are Simon Guobadia’s net worth sources:

  1. Founder and CEO of Simcol Group: The Simcol Group was founded by Guobadia in 2007 and is involved in the trading of commodities, manufacturing, renewable energy, and oil and gas. His riches are probably mostly derived from this entrepreneurial venture.
  2. Previous Career as a Certified Public Accountant (CPA): Before entering into the world of entrepreneurship, Guobadia enjoyed great success as a CPA. His training in accounting and finance probably gave him the information and abilities needed to handle business endeavors well.
  3. Expansion into Real Estate, Hospitality, and Entertainment: Guobadia’s development into other businesses outside his initial concentration on Simcol Group is indicative of his business savvy. In addition to diversifying his revenue streams, he has made investments in real estate, hospitality, and entertainment, which has increased his overall fortune.
  4. Prominence in the Entertainment Industry: Guobadia’s success in the movies is probably a result of his work as an executive producer with renowned director Spike Lee on movies like “Jail House Dogs” and “Son of the South.” His contacts and influence in the entertainment sector may have given him access to profitable chances.
  5. Atlanta Social Scene: Guobadia’s social standing in Atlanta may also have contributed to his wealth gain. Making contacts in wealthy circles and networking can open doors to investments, business ventures, and other ways to generate riches.

Who is Simon Guobadia?

Born on June 2, 1964, in Nigeria, Simon Iyore Guobadia was raised in an upper-middle-class family with seven siblings.

His father, Stanley Guobadia, retired as the Assistant Director of Prisons, while his mother, Martina Guobadia, was an English School Teacher.

Simon transitioned from a successful career as a Certified Public Accountant to entrepreneurship, focusing on Audit & Accounting, Transactional Tax Consulting, and Software Development after working for prestigious global firms.

He values innovation, enterprise, and faith in his pursuits.

Simon Guobadia Education

Simon completed his early education in Nigeria, attending Loyola College in Oyo State for five years and later joining Government College Ughelli in Delta State.

In 1992, he left college and moved to the United States. Simon earned a BBA in accounting from the University of District Columbia in Washington, DC, in 1993.

Simon Guobadia’s Net Worth Breakdown

While Simon Guobadia maintains transparency on social media, details about his business earnings remain undisclosed.

However, from various sources, we’ve gathered insights into his financial portfolio:

SIMCOL Petroleum’s Revenue$7+ million
Bottle Bar Investment-$3.8 million
Restaurant Businesses IncomeN/A
Executive Producer Income$100,000+ per movie
Real Estate$10+ million
Car Collection$2+ million
Simon Guobadia Assets Breakdown

This compilation contributes to Simon Guobadia’s estimated total net worth of $40 million.

Simon Guobadia Personal Life

Simon Guobadia gained fame through his marriage to Falynn Guobadia, a Real Housewives of Atlanta personality, in July 2019.

Simon Guobadi With His Wife Porsha Williams

Despite having five children from previous marriages, the couple divorced in 2021. Subsequently, Simon married Porsha Williams in November 2022, but unfortunately, they filed for divorce in February 2024.

Source: Instagram

The Real Housewives of Atlanta star Porsha Williams initiated the divorce after 15 months of marriage.

Simon Guobadia’s Fraud Allegations

Simon Guobadia’s immigration journey to the USA has been tumultuous.

He faced allegations of visa overstays, felony bank and credit card fraud, and identity falsification between 1982 and 1992.

Despite a green card approval in 1988, subsequent attempts for US citizenship were denied in 2016, 2020, and 2022 due to unlawful resident status acquisition.

Guobadia’s 2023 complaint challenging the decision was dismissed in early 2024, raising uncertainties about his residency status.

Philanthropy and Charitable Causes

Simon Guobadia, beyond his entrepreneurial success, emerges as a notable philanthropist, championing diverse causes through the Simon Guobadia Foundation.

His generosity extends to Northpoint Ministries, a cluster of Atlanta-based churches, and impactful contributions to educational institutions and scholarship initiatives.

Notably, in February 2023, Simon and his ex-wife Porsha Williams participated in the Pink Awards, where Porsha presented in solidarity with breast cancer survivors.

Simon Guobadia Career

Now we will look into different aspects of Simon Guobadia career. How Simon built his resume from the CEO of SIMCOL group to the investor of Buckhead Bottle Bar and more.

Started Simon & Company

Simon Guobadia, a Deloitte alum, transitioned from his role as a tax manager to entrepreneurship in 2007 when he founded Simon & Company, later rebranded as SIMCOL Petroleum Limited Company, LLC.

As CEO, he turned it into a global petroleum and logistics powerhouse, boasting a 2023 revenue surpassing $7 million.

 His business portfolio spans manufacturing, oil and gas, renewable energy, and commodities trading. Notable investments include The Republic, DAS BBQ II, American Cut Steakhouse, Twelve Music and Publishing, Simon Paige Productions, and KES Entertainment Group.

 In addition to his entrepreneurial ventures, he served as CEO at KLC Petroleum Transport LLC. Simon’s journey showcases strategic expansion and success across diverse industries.

Restaurants Business

Simon Guobadia invested $3.8 million in Buckhead Bottle Bar, affiliated with SIMCOL Restaurant Concepts, facing closure in 2014 due to financial challenges. Undeterred, he launched Simon’s Restaurant in 2017, celebrated for its cuisine and service.

 Despite success, the pandemic led to its closure in May 2020, highlighting the highs and lows of Guobadia’s entrepreneurial ventures.

Real Estate Assets

Simon Guobadia, previously married to Falynn Guobadia, owned two mansions in Atlanta. Their first Buckhead estate, purchased for $3.36 million, was later sold by Simon for $4.5 million after their divorce. 

The couple’s second property in Sandy Springs, acquired for $7 million in January 2022, remains undisclosed in terms of ownership post-divorce. Simon’s current residence is unknown.

Simon Guobadia Cars Collection

Although the ownership of Simon Guobadia’s private jet remains undisclosed, he has shared Instagram pictures with his ex-wife Porsha in front of the aircraft. 

Simon’s notable car collection, valued at over $2 million, includes three Rolls-Royces (Phantom, Dawn, Cullinan), a Ferrari 812 GTS, Mercedes AMG S63, Coachmen Mauck 2 van, and a Cadillac Escalade.

His passion for luxury vehicles is evident in his diverse and impressive lineup.

Work In the Entertainment Industry

Simon Guobadia, showcasing his versatile talents, not only excelled in business but also made a mark in the entertainment industry as a film producer.

His successful productions include the short documentary “Jail Dogs” (2012), the TV special “Ken Ford Live from the Buckhead Theatre” (2013), the drama mystery thriller “Kill” (2019), and the biography drama “Son of the South” (2020).

Beyond production, Simon appeared alongside Porsha Williams in the reality TV show “The Real Housewives of Atlanta”


1. What Is Simon Guobadia Net Worth?

Simon Guobadia actual net worth is approximately $40 million as of 2024. His diverse investments and entrepreneurial ventures have contributed significantly to his wealth.

2. Who Is Simon Guobadia Currently Married To?

Simon Guobadia is currently divorced. He was previously married to Porsha Williams, a star of “The Real Housewives of Atlanta.”

3. How many chlidern of Simon  guobadia?

Guobadia is a father of five children from previous relationships: Quentin, Nicole, Christian, Benjamin, and Ximena.

Final Thoughts: Simon Guobadia Net Worth

Simon Guobadia, a Nigerian-American entrepreneur, philanthropist, and executive producer, boasts a net worth of $40 million in 2024.

From petroleum and logistics to real estate and entertainment, delve into his diverse ventures.

 Uncover insights into his philanthropy, personal life, and strategic partnerships, offering a snapshot of his dynamic career. 

Guobadia is currently divorced and has five children from previous relationships: Quentin, Nicole, Christian, Benjamin, and Ximena.

Disclaimer: The net worth estimates and associated data that are displayed here come from a range of open sources online and offline. Due to the possibility of periodic changes in financial numbers and valuations. The net worth, assets and liabilties mentioned here should not be considered as facts.

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