Cosmas Maduka
- Net worth $300 million
- Birthday December 24, 1958
- Status -
- Country Nigeria
- Source(-s) of wealth Businessman, Entrepreneur
How much is Cosmas Maduka Worth? Cosmas Maduka Net Worth in 2026
Cosmas Maduka’s net worth is estimated at $300 million as of November 2026. He started Coscharis in 1977 with ?300. At today’s rate of ?1,346 to the dollar, that seed money would be worth about 22 cents.
| Net worth | $300 million (our estimate, range $150 million to $500 million) |
|---|---|
| Estimated annual income | Not estimated: Coscharis Group publishes no accounts |
| Born | December 24, 1958 (sources differ on the town) |
| Age | 67 |
| Country | Nigeria |
| Known for | Founder of Coscharis Group, Nigeria’s BMW, Jaguar Land Rover, Ford and Rolls-Royce distributor |
| Main income sources | Car dealerships and assembly, Coscharis Farms, other group companies, property |
How much is Cosmas Maduka worth in 2026?
We put Cosmas Maduka at about $300 million, in a range of $150 million to $500 million. This one is a rough estimate: little of the money is documented. Coscharis is private, files no public accounts we could find, and has never been valued in a published deal.
Higher public estimates mostly date from the mid-2010s, when the naira bought far more dollars. A group that sells cars priced in foreign currency to customers paid in naira earns less in dollars when the currency weakens, so we mark those older figures down. All naira values use the mid-market rate on November 10, 2026.
How we got to $300 million
| Source | Our estimate | What it rests on |
|---|---|---|
| Coscharis Motors: dealerships and assembly | $150 million | An August 2025 profile lists exclusive Nigerian franchises for BMW, Mini, Jaguar Land Rover, Ford, MG and Rolls-Royce, and a plant at Awoyaya on the Lekki to Epe road with a stated capacity of about 5,000 vehicles a year on one shift. No sales or profit figures are public, so the value is our assumption. |
| Coscharis Farms | $40 million | Rice on 2,500 hectares in Anambra State and a 40,000 tonne a year mill, per a 2018 investment report that names a fund as co-investor. His share and the farm’s value are our assumptions. |
| Other group companies | $60 million | The group lists businesses in ICT, petrochemicals, auto parts and agro-processing. None has a published value. Our assumption. |
| Property and cash | $50 million | Including the group’s Lagos headquarters site and nearly 50 years of retained profit. Our assumption. |
| Total | $300 million | Every row is an assumption. The franchises and the plant are documented. Their value is not. |
From ?300 to a Rolls-Royce franchise
Maduka’s father died when he was about four, and by six he had left primary school to sell akara, fried bean cakes, to help his mother, his biography says. A spare parts venture with a friend failed. In 1977 he started Coscharis Motor, named after himself and his wife Charity. The break came in 1982, when the government granted import licences to ten motor companies and Coscharis was one of them.
By our calculation the ?300 he started with is about 22 US cents at today’s rate, so the ratio between seed money and our estimate is roughly 1.3 billion to one in dollar terms. The number is silly, since a 1977 naira bought far more than one today, but it shows how little of his wealth came from capital he brought in.
The 2015 turn to assembly
In 2015 Coscharis became the sole BMW distributor in Nigeria and began assembling Joylong buses and Ford Ranger pickups at a site in Ikeja. In 2017 it moved assembly to a purpose-built plant at the group’s Awoyaya headquarters and later added Renault Duster and Logan models. The plant employs 86 people, 74 Nigerians and 12 expatriates, according to the 2025 profile. That profile is the latest dated record of his businesses we could find. We found no 2026 deal, sale or filing tied to his money.
Farming came alongside. Anambra State approved 5,000 hectares for Coscharis Farms in 2016, with a projected 3,000 jobs at full scale, and the farm began operations in 2014 on a smaller footprint.
What would move the figure
Published accounts for Coscharis Motors, or a stake sale to an outside investor, would replace our largest assumption with a real number. Car demand in Nigeria and the naira set how much the dealerships earn in dollars. A listing of any group company would give the first market price for his wealth.
Cosmas Maduka net worth FAQ
What is Cosmas Maduka’s net worth?
We estimate $300 million as of November 2026, in a range of $150 million to $500 million. About half of it is our value for Coscharis Motors, his car dealership and assembly business.
How did Cosmas Maduka start Coscharis?
He founded it in 1977 with ?300 after a spare parts venture failed. In 1982 it was one of ten motor companies granted government import licences.
Which car brands does Coscharis sell?
An August 2025 profile lists exclusive Nigerian franchises for BMW, Mini, Jaguar Land Rover, Ford, MG and Rolls-Royce. Its Lagos plant has assembled Ford Ranger, Joylong, Renault Duster and Logan vehicles.
How big is Coscharis Farms?
A 2018 report put it at 2,500 hectares of rice in Anambra State with a 40,000 tonne a year mill being installed. The state approved 5,000 hectares for it in 2016.
How old is Cosmas Maduka?
He is 67, born December 24, 1958. He started selling bean cakes at about six to support his mother.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.
Photo: Chefeto Group / Wikimedia Commons, CC BY-SA 4.0, cropped