Meet Nigerian Man That Owns Eleven Rolls Royce (Photos).

What a life!

The Rolls Royce car is till this day one of the most popular and most rapped about cars in the history of cars. It is a sign of great affluence. To own a Rolls Royce shows prestige. To own ELEVEN Rolls Royces…well, that’s just showing off and the man we’re going to be talking about today has enough money and power to show off.

Are you ready to meet the Nigerian man who owns Eleven Rolls Royces? Then let’s go!

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The man we’ll be talking about today is none other than Chief Michael Olasubomi “Subomi” Balogun aka the Otunba Tunwase of Ijebu, the Olori-Omoba of Ijebu, the Baba Oba of Ijebu-Ife, the Asalu Oba of Ijebu-Mushin and the Asiwaju of Ijebu Christians.

Chief Michael Olasubomi "Subomi" Balogun is a Yoruba banker and philanthropist who also happens to be the founder of very popular and successful Nigerian bank, First City Merchant Bank, a company that later became the FCMB group. He also served as a long-time member of the council of the Nigerian Stock Exchange.

A Brief Biography about Chief Balogun.

He was born on the 9th of March, 1934 making him now at the time of this writing, 86 years old!

He graduated from Igbobi College and studied Law at London School of Economics. While studying in London, Chief Balogun regularly attended several fellowships through which he had the opportunity to meet some very notable Nigerians including former Nigerian president, Yakubu Gowon.

After earning his law degree, Chief Balogun returned to Nigeria to join the Ministry of Justice, Western Region. From the regional Ministry of Justice where he was a Crown Counsel, he found a new post as a Parliamentary Counsel in the Federal Ministry of Justice. After the January 1966 coup, Chief Balogun joined the Nigerian Industrial Development Bank. It was here that his interest in investment banking led him to advocate for the establishment of a merchant bank sponsored by NIDB.

When ICON securities, a merchant banking outfit was established in 1973 as a subsidiary of NIDB, Chief Balogun moved to ICON Ltd as a director of operations but when his intention to head ICON was not realized, he left the firm to found City Securities, a stock broking and issuing house. City Securities went on to develop relationships with Mobil, Texaco and Total petroleum marketing companies, handling the companies equity offerings.

In 1979, he applied for a merchant banking license to establish First City Merchant Bank. When the operations of the bank took effect in 1983, Chief Balogun established an entrepreneurial culture at the bank, unique as an owner managed bank in contrast to the government owned banks at the time.

Chief Balogun has also built a National Pediatric Centre in Ijebu-Ode which he donated to the University of Ibadan's College Teaching Hospital. He is also the father to five children, four of which are still alive today.

How Chief Balogun Enjoys His Money.

Well, when you’re the owner of a bank as successful as FCMB is and you have pockets that run as deep as Chief Balogun’s run, it is only right that you enjoy your hard-earned money.

So how does Chief Balogun choose to enjoy his money?

Well, the 86 year old banker is popularly known for reportedly not having one, not two, but ELEVEN Rolls Royce cars. This is just one of the many, check out that custom plate number:

He has a remarkable out of this world, you need to see it, mansion on Glover Road, Ikoyi.

When Chief Balogun parties, he parties HARD!

Wow, to be 84 and still rocking it as hard as this man is, now that’s a prayer point!

That’s All.

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