Obi Cubana Net Worth, Biography, Companies & Business Empire

Obi Cubana is an influential businessman, entertainer, philanthropist, and investor in Nigeria.

He is popularly known as the chairman and founder of the famous Cubana groups, a chain of entertainment establishments located across Nigeria.

He was born into a regular family, but today we know him as one of the wealthiest entrepreneurs in Nigeria. 

If you want to know how Obi Cubana made his fortune, you’re in luck!

In this article, we’ll discuss his obi cubana’s net worth and all he has achieved so far.

Profile Summary

Biography 

Born Obinna Iyiegbu on April 12 1975 in Anambra, Obi Cubana is the son of Ezinne Iyiegbu and Alex Iyiegbu.

He hails from Oba in Idemili South Local Government Area of Anambra State, a popular town in the East of Nigeria.

He attended a school in Oba for his primary education and completed his secondary schooling at Dennis Memorial Grammar School.

After writing his Waec, he went on to study for a BSc in Political Science at the University of Nigeria Nsukka (UNN).

Obi’s journey from humble beginnings has been inspiring.

He started with petty businesses while in University and made his way straight to the top, running one of the most successful nightclubs in Lagos.

Growth of His Business Empire

Obi Cubana has always been passionate about business, right from his UNN days.

He used to run small businesses in school to pay his school fees and foot other bills.

After graduating from UNN, he moved to Abuja to practice entrepreneurship full-time.

He started an interior design business and in 1999, he was given a life-changing contract to work on the interiors of a senator.

He took the profits from the job and decided to expand his business into nightlife in Abuja.

He established his first nightclub, Ibiza Club in 2006.

The club became one of the biggest nightclubs in the city and before long, he built another club in Imo State named Club Cubana.

Club Cubana also became successful and Obi used the profits of both nightclubs to build his hospitality and nightlife empire- Cubana Group.

Net Worth 

According to Forbes, Obi Cubana has an estimated net worth of $96 million (140 Billion Naira) as of the year 2024. His wealth is largely derived from his company, Cubana Groups.

Cubana Groups is a chain of hospitality and nightlife organizations located in different states in Nigeria.

Some of the popular establishments owned by Obi Cubana include; ”Cubana Suites”, ”Cubana Signature Hotel”, ”Crave Cubana”, ”Opium Cubana”, ”Ibiza Nite Club”, ”Montana by Cubana”, ”Cubana Lounge and Event Center”.

When he’s not doing business, partying, or spending time with his family, Cubana is also a philanthropist and he has donated millions of naira to charity.

Wife and Children

Obi Cubana is married to Ebele Iyiegbu, his long-time lover. They have been married since 2008.

The couple met when Obi was living in a boy’s quarter in Abuja and have been together ever since.

Ebele Iyiegbu was born in 1979 and hails from Obosi, Anambra State.

She is a lawyer at Bryan Micheals & Associates and also the director at Casa Cubana Homes and the founder of KIEK Foundation, an NGO dedicated to helping less privileged children in Nigeria.

Obi Cubana has five children with his wife, namely: Alex, Ifeanyi, Ebube, Kosisochukwu, and Jerry Iyiegbu.

Cars

Obi Cubana’s garage is filled with so many luxurious cars, which include a 2022 Mercedes Benz Maybach S580, Lexus Lx, Mercedes Benz 4Matic S40, Range Rover, Rolls Royce Phantom, Brabus G-Wagon, Mercedes Benz AMG GLE 53 2021, Mercedes Benz Sprinter.

Houses 

Obi Cubana has also invested in several properties. He owns several houses in Nigeria and London, as well as several luxury hotels and smart homes.

Conclusion

Obi Cubana is a master at expanding net worth. He is always on the lookout for new ways to increase his income.

His business mind, connections, and hardworking nature have made him one of the most successful entrepreneurs in Africa.