Cosmas Maduka Biography, net worth, cars and houses

Cosmas Maduka: Biography, net worth, cars and houses

Cosmas Maduka is a Nigerian Businessman and Philanthropist, the Founder, President, and Chairman of the Coscharis Group, an indigenous combination with assorted interest in Manufacturing, ICT, Petrochemical, Auto consideration, and Auto Components, Automobile Sales and Services, Agric and Agro-Allied business areas. Maduka is popular for Coscharis Motors, a vehicle deals, and servicing organization. Notwithstanding different brands of vehicles, for example, Range Rover, Ford, and Jaguar; he is the sole wholesaler of BMW in Nigeria.

Cosmas Maduka
Real nameCosmas Maduka
Date of birth24 December 1958
Country of OriginFederal Republic of Nigeria
Source of WealthBusinessman
CompaniesCoscharis Motors, Coscharis Group, Coscharis Mobility Ltd
Net worth$800 million

He was born on December 24, 1958, into the family of Mr. Subside and Mrs. Rose Maduka in the City of Jos. Cosmas Maduka is an Igbo ethnic Christian from Nnewi, Anambra State. Maduka started his business journey at six years old, 2years after the death of his dad. He exited the elementary school and began selling Akara (beans cake), a mainstream food staple in Nigeria produced using beans to help his mom. Maduka officially wandered into business at 17 years old subsequent to being wrongly excused with the amount of N200.00 by his uncle who had before connected him as a car understudy. He helped to establish an extra goes separate ways known as CosDave with his companion named Dave.

The startup additionally bombed sooner than anticipated and Maduka went to establish the Coscharis Motor with the amount of 300 naira (N300) which centered deals of vehicle save parts in 1977. The name of the organization as per him is a blend of his first name, Cosmos and his better half, Charity, whom he wedded at age 21.

Also Read: Richest Men In Nigeria And The Cars They Drive 2020

Maduka business advancement began in 1982 when the Nigerian government allowed ten (10) engine organizations import permits, which Coscharis was chosen. Today the Coscharis Group is a combination with total assets of $500million with a few auxiliaries including Manufacturing, ICT, Petrochemical, Auto consideration and Auto Components, Automobile Sales and Services, Agric and Agro-Allied business areas. Coscharis Motors is the main merchant of a few brands of extravagances vehicles including Range Rover, Ford, and Jaguar.

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Cosmas Maduka family
Cosmas Maduka and wife

In 2015, Coscharis Motors turned into the sole wholesalers of the BMW in Nigeria and the main organization to fabricate an Assembly Plant of Ford Ranger in Nigeria and won the Auto Brand of the Year at the Marketing World Awards held in Ghana. In 2016 the Anambra State endorsed 5000 hectares of land for Coscharis Farms to develop rice, the undertaking has been accounted for to produce 3000 positions upon fulfillment. Maduka credited his accomplishment in business to his association with the Japanese. As indicated by Maduka his initial close contact with the Japanese caused him to build up the estimations of responsibility, lowliness, accuracy, and difficult work which were major to his achievement in business. Cosmas Maduka seats on the leading body of a few respectable organizations and associations. He filled in as a Director in Access Bank Plc., one of the main banks in Nigeria for a long time from 2000–2012.

Naija Branding

In 2015, Cosmos Maduka showed up on Forbes Africa Cover as the one who turned $ dollar to $500million and was highlighted in a select meeting of Forbes Africa TV Series “My Worst Day with Peace Hyde.” In 2003 Cosmas Maduka got an Honorary Doctor of Business Administration (Ph.D.) University of Nigeria, Nsukka. Maduka additionally filled in as the President/Chairman of the Nigerian Table Tennis Federation for a very long time during which Nigeria drove Africa in all the occasions. He drove the Nigerian Team to the Olympic Games; Atlanta ’96, Athens 2000, Sidney 2004, and Beijing 2008. In 2012 was drafted as a Harvard Business School Alumni having finished an Executive Education Program. Universe Maduka was among a couple of people respected by President Goodluck Jonathan with the National Honors of the Commander of the Order of the Niger (CON) in 2012.

Cosmas Maduka is known for his Christian confidence. As indicated by Maduka he gave his life to Jesus from the get-go throughout everyday life and this had colossal positive effect on his life, notwithstanding tuning in to motivation talks by William Branham. He is married to Charity Maduka and together they have four children all living in Lagos, Nigeria.

Cosmas Maduka Net worth

Cosmas Maduka has an estimated net worth of $800 million. Forbes Africa Cover named him the man who turned $1 dollar to $500million.

Cosmas Maduka Cars

Cosmas Maduka is the owner of Coscharis Motors, the sole brand selling Mercedes-Benz motors in Nigeria.  Some of his personal luxury cars are:

Jaguar XF:

Jaguar XF

The engine for the Jaguar XF begins with an 8-speed shiftable programmed transmission and an all-wheel-drive to coordinate, however, the Prestige trim accompanies a back tire drive. It can likewise kick out a terrific 296 strength rating and convey up to 295 feet for every pound of motor force. It is needed to run on premium unleaded fuel, can hold more than nineteen gallons, and has an EPA rating of just 24 consolidated miles for every gallon. The Jaguar XF comes completely outfitted with its setup of various inside and solace highlights, novel choices, and wellbeing guidelines to make inhabitants both agreeable and secure. While being charged as a smooth and agreeable ride, the XF can situate five individuals within.

Rolls Royce Cullinan:

Cosmas Maduka Rolls Royce Cullinan

The Rolls Royce engine features a V12, 6.8-liter motor that will energize even the most observing drivers with 563 horsepower. You and your kindred travelers can appreciate the unrivaled ride in a bespoke inside. Various A-grade calfskin and hand-created wood materials are accessible to spruce up the inside. These materials are joined with extraordinary hardware like progressed acoustics, a starlight main event, a back mixed drink region, a back theater setup, a display with tweaked craftsmanship, an illuminated mirror, a force footstool, thus significantly more.

Mercedes-Benz S-class:

Cosmas Maduka Mercedes-Benz S-class

The petroleum engine can convey 362 bhp with 300 Nm on S 450 4MATIC variation and 429 bhp with 520 Nm on S 500 4MATIC model. This motor likewise utilizes a 48-V electric engine for introductory force help. The 3.0-liter diesel motor beats 282 bhp and 600 Nm on S 350d 4MATIC trim the equivalent powerplant puts out 326 bhp and 700 Nm of pinnacle force on S 400d 4MATIC.

Cosmas Maduka Houses

Coscharis Group

Cosmas Maduka is not known to be one who lives a flashy lifestyle, but as a billionaire, he has several houses sprawled in several parts of Nigeria. He currently lives in Lagos, Nigeria with his family.

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Obianuju Okeke

She is a Writer, Content creator who’s interested in Gender Equality, Women Empowerment, Lifestyle and Food. When she’s not writing, she’s listening to music, watching Nollywood movies or creating business ideas.

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