Matthew Ashimolowo Biography – Net Worth, Ministry and Family

Matthew Ashimolowo is the senior leader of the Kingsway International Christian Centre (KICC) in London. He was born on March 17, 1952.

His Winning Ways show airs every day on Premier Radio in London and Spirit FM in Amsterdam, as well as on TV in Nigeria, Ghana, Zimbabwe, FaithAfrica (DSTV 341), the Trinity Broadcasting Network (TBN), and Europe on The God Channel and Inspirational Network.

In the UK in 1992, Ashimolowo started the Kingsway International Christian Centre (KICC). Forbes once said that his wealth was between $6 and $10 million.

Biography

Ashimolowo changed from Islam to Christianity when he was 20 years old. He did this after his father died and before he went to Bible school.

Forbes thought that Ashimolowo was worth between $6 and $10 million.

The KICC’s yearly report showed that he makes £100,000 a year.

But most of his money comes from his media company, Matthew Ashimolowo media, which sells Christian books and films.Some people think of Ashimolowo as a speaker of the prosperity gospel.

In January 2022, he put his first son in charge of KICC in London and hinted that he was going to quit.

Networth

The King’s Ministries Trust is the organization that helps pay for the Kingsway International Christian Center. Between 2002 and 2005, this was looked into by the Charity Commission of England and Wales. In October 2005, a report of the investigation was made public.

The report said that there had been major wrongdoing and bad management in how the charity was run. Early on in the investigation, it was thought that the charity’s assets were in danger, so control was taken away from the existing trustees and given to an outside company, the accountancy and management consulting firm KPMG, which put the charity’s affairs in order.

There was major wrongdoing and bad management in the way the charity was run (section 21). He was in charge of giving himself and his wife, Yemisi, more than £384,000 in payments and benefits (section 11).
He and his family got help from the Charity, like free housing (section 4) and a $80,000 car (section 12).
He used the charity’s Visa card to buy things for himself, including a rental apartment in Florida for £13,000

Over £500,000 was given to Ashimolowo’s private businesses, which were run from church land and had unclear business ties to the charity .

Ashimolowo did work for the charity both for free and for money.
He was told to pay back £200,000.

In a later House of Lords debate, Lord Swinfen questioned how the Charity Commission was handling this probe. He admitted that there was a technical problem, but he emphasized how open it was.

“This unincorporated trust has been paying its trustees for different services for a number of years, and it has done so in a very open way.” It made a mistake by not realizing that it should have changed its law to make that clear.” He then asked how much the probe would cost.

“If the trustees of this charity had gotten advice from the commission and used the charity lawyer, they could have made these changes for about £12,000, which is one hundredth of what the commission has already spent.” He also said, “The commission believes, and it’s easy to see why, that this charity’s success in the future is guaranteed by the fact that it has new trustees.”