Home » Nigerian tech billionaire Gbenga Agboola splashes $7.1 million on luxurious Miami home

Nigerian tech billionaire Gbenga Agboola splashes $7.1 million on luxurious Miami home

by Omokolade Ajayi
Gbenga Agboola

Nigerian tech billionaire and entrepreneur, Gbenga Agboola has recently acquired a luxurious high-end residential property in Miami for a reported $7.1 million from Boschetti Group, a well-known Florida-based real estate development company that specializes in luxurious high-end properties.

According to official documents, the sprawling property, located at 4585 Nautilus Drive, was purchased by Agboola, the co-founder and CEO of Flutterwave, a San Francisco and Lagos-based fintech unicorn, from an LLC named after the address and managed by Jose R. Boschetti, Jr., the vice president of Boschetti Group.

The Nigerian tech billionaire has now joined the ranks of homeowners in one of Florida’s most upscale neighborhoods with his recent acquisition of a six-bedroom, seven-bathroom property in Miami Beach. Meanwhile, Boschetti, Jr. is set to receive a substantial payout for successfully overseeing the legal and financial processes involved in the property’s sale.

Boschetti Group had acquired the 0.2-acre plot on Nautilus Drive for $1.2 million in 2021 and went ahead to construct a sprawling 5,200-square-foot high-end residential property on it.

The sale of the property to Agboola for $7.1 million will result in a gross profit of $5.9 million for Boschetti Group, not including the construction costs incurred.

Not only is Agboola influential in the African tech ecosystem, his net worth is also reported to be in the billion-dollar range

Since co-founding Flutterwave with Iyinoluwa Aboyeji in 2016, Agboola has been a dominant force in the African tech ecosystem, earning a reputation as one of the continent’s most influential and wealthy tech entrepreneurs.

Agboola’s visionary leadership has transformed Flutterwave into a powerhouse in the African fintech space, providing customers and businesses in Africa and developing markets with unlimited possibilities and leveraging technology’s rapid adoption. 

Flutterwave’s remarkable success was highlighted last year when the company raised an astonishing $250 million in a Series-D fundraising round, making it the most valuable startup in Africa. The funding tripled the company’s valuation to more than $3 billion, cementing its position as a leading fintech player on the continent and beyond.

With Flutterwave’s staggering $3 billion valuation, many are left wondering about Agboola’s net worth, which has been reported to be above a billion dollars, given his significant interest in the tech unicorn.

The fintech firm’s remarkable growth trajectory has not gone unnoticed, and it is now considering an initial public offering on the NASDAQ Exchange.

The move will provide investors with an opportunity to purchase shares in the company on the open market as it reaches a scale and trajectory comparable to publicly traded companies.

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