black people and money

The pastors swim in millions, while their congregations are incredibly poor

The pastors swim in millions, while their congregations are incredibly poor

By Bandana Babu

Megachurches and wealthy pastors are a popular staple in the Christian community these days.  As seen on TV, these preachers have private jet planes, fancy suits, million dollar houses, luxurious cars, and the like. But who are the wealthiest preachers out there? Find out below.

Creflo Dollar

Creflo Augustus Dollar, Jr. is a televangelist pastor who is the founder of the non-denominational church known as World Changers International. Its net worth is $27 million. Dollar also hosts a television show called “Changing Your World.”

Dollar has often been criticized for his lavish lifestyle. His assets include two Rolls-Royces, a private jet and a $2.5 million apartment in Manhattan.

Bishop David Oyedepo

A Nigerian preacher who is considered as one of the richest preachers in the world, David Oyedepo has a reported net worth of $150 million. He is the presiding Bishop and founder of Faith Church World Wide, also known as Winners’ Chapel, having its headquarters in Ogun State in Nigeria.

A report says that Oyedepo owns a mansion in London and the U.S., along with four private jets. He owns a Dominion publishing house which publishes all his books, which are mostly on the subject of prosperity.

More than half (i.e. 168,8333,776) the population of Nigeria— Oyedepo’s home country— live below the poverty line on under $2 a day.

Eddie Long

Eddie Long is a senior pastor of New Birth Baptist Missionary Church in Georgia. According to the Atlanta Journal-Constitution, published in 2005, Long received more than $3.07 million of compensation and benefits from his non-profit charity, Bishop Eddie Long Ministries Inc.

The newspaper investigation concluded that Long’s assets included a real estate property of $1.4 million, a $350,000 Bentley car and a salary of more than $1 million, including $494,000 in 2000.

The average annual income of residents of the church’s hometown, Lithonia, Ga., is $25,154.

Christian Oyakhilome

This Nigerian minister is the founding president of Believers’ Love World Incorporated, headquartered in Lagos, Nigeria. Oyakhilome’s assets are worth about $50 million. His church in Lagos has more than 40,000 members, most of whom are successful business executives and politicians.

The main source of income to Oyakhilome is through his business, which comprises of newspapers, magazines, a television station, satellite TV, hotels and real-estate.

Bishop T.D. Jakes

Thomas Dexter Jakes, Sr. is the bishop of The Potter’s House, a non-denominational mega-church with about 30,000 members. The Texan pastor’s net worth is $18 million.

He has earned his wealth being the chief pastor of The Potter’s House. The Trinity Broadcasting Network and BET both air his services and evangelistic sermons. He has been called America’s Best Preacher by Time magazine and has been featured on its cover. He lives in a $1.7 million mansion in suburban Dallas.

The average median annual income of the community he serves is $56,954.

T.B. Joshua

Temitope Balogun Joshua is the founder of the Synangogue Church of all Nations (SCOAN). He is one of the richest Black preachers of the world with a net worth of $15 million.

SCOAN has over 15,000 members. It has its branches in Ghana, UK, South Africa and Greece. SCOAN runs on a Christian television station called Emmanuel TV.

Charles Blake

Bishop Charles Edward Blake, Sr. serves as the presiding bishop of Church of God in Christ (COGIC), a 6 million member denomination. He earns a salary of $900,000 and lives in a 10,000 square-foot mansion in Beverly Hills. His church boasts 20,000 members per week.

The median annual salary income in South Los Angeles is $27,907.

Matthew Ashimolowo

Matthew Ashimolowo is the senior pastor of Kingsway International Christian Centre in London. His net worth is around $10 million.

Ashimolowo earned his wealth from various businesses like Matthew Ashimolowo Media, which sells documentaries and Christian literature.

Ashimolowo’s home country is Nigeria where 55% of the population lives below the poverty level of under $2 a day.

 

Source 1, 2

black people and money

FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

More in black people and money

Grand hustler George Ray helps aspiring entrepreneurs turn their business dreams into reality

zacharySeptember 16, 2018

Cardi B’s dentist Dr. Catrise L. Austin helps masses craft winning smiles

zacharyAugust 15, 2018

Student loans are the new STDs

FJT StaffMay 6, 2018

Dr Boyce Watkins: Your kids are at risk of falling behind financially because of what they never taught you

FJT StaffApril 1, 2018

10 People who are banned from Wakanda for life

FJT StaffMarch 8, 2018

Wage Growth Proves To Stay Slow

sgreyMarch 5, 2018