Biography, Wikipedia, Net Worth, Age, and Ministry of Matthew Ashimolowo
Early Life
Nigerian-born Matthew Ashimolowo, senior pastor of London’s Kingsway International Christian Center (KICC), was born on March 17, 1952.
He broadcasts his Winning Ways program every day on Premier Radio in London, Spirit FM in Amsterdam, FaithAfrica (DSTV 341), the Trinity Broadcasting Network (TBN), and The God Channel and Inspirational Network in Europe.
In the United Kingdom, Ashimolowo established the Kingsway International Christian Centre (KICC) in 1992.
According to Forbes, he is worth between $6 million and $10 million.
Private life
After his father passed away when he was 20 years old, Ashimolowo changed from Islam to Christianity before enrolling in a Bible school.
According to Forbes, Ashimolowo has a net worth of $6 to $10 million.
The KICC annual reports confirm his $100,000 yearly salary, but the majority of his fortune comes from the sales of Christian books and films produced by his media company, Matthew Ashimolowo Media.
Ashimolowo is regarded as a prosperity gospel preacher.
He named his first son the resident pastor of KICC, London, in January 2022 and made retirement hints in the process.
Unstable financial conditions
The King’s Ministries Trust is the nonprofit organization that oversees Kingsway International Christian Center. Between 2002 and 2005, the Charity Commission of England and Wales looked into this. In October 2005, a report on the investigation was made public. [7] The report came to the conclusion that the charity’s administration had engaged in serious misbehavior and poor management. Early on in the investigation, it was determined that the charity’s assets were in jeopardy. As a result, control was taken away from the current trustees and given to an external, independent organization (the accounting and management consulting firm KPMG), which then regularized the charity’s operations.
The study discovered that:
There was flagrant wrongdoing and poor management in the charity’s administration (section 21).
He was in charge of authorizing benefits and payments totaling more than £384,000 for himself and his wife, Yemisi (section 11).
He and his family benefited from the charity in the following ways:
free lodging for him and his family (section 4).
a vehicle worth £80,000 (section 12).
He had used the charity’s Visa card for personal transactions, including the £13,000 purchase of a property in Florida (section 18).
More than £500,000 was given to Ashimolowo’s private businesses, which were run out of the church and had hazy business ties to the charity (section 15).
Ashimolowo served the charity as both a trustee and a paid employee. (section 4)
He was ordered (section 34) to repay £200,000.
Lord Swinfen questioned the Charity Commission’s handling of this investigation during a subsequent House of Lords debate. He admitted the technological error but emphasized its transparency. “This unincorporated trust has been paying its trustees for a variety of services for some time, and it does so in an open manner.” “It erred by failing to recognize that it needed to formally amend its constitution to permit such a change.” The cost of the investigation was then brought up by him. The trustees of this charity might have made these modifications for about £12,000—one twentieth of what the commission has already spent—had they listened to some advice from the commission and used the charity lawyer. “The commission feels, sensibly, that the charity’s future prosperity is secured by the appointment of new trustees,” he continued.
Be the first to comment