Simon Guobadia Net Worth 2026: Business Ventures, Divorce Settlement, and Current Wealth

As of 2026, Simon Guobadia's net worth is most consistently estimated at approximately $40 million, built primarily through his petroleum distribution company SIMCOL Group, real estate holdings, and a range of entertainment and hospitality ventures.

What Is Simon Guobadia's Net Worth in 2026?

The $40 million figure comes up repeatedly across business and entertainment publications — and it's the most grounded estimate available for a man who runs privately held companies with no public financial disclosures.

One outlier figure worth addressing: In Touch Weekly has reported his net worth could exceed $300 million. That number has circulated widely but has no publicly documented breakdown behind it. No revenue filings, no asset disclosures, no sourcing beyond the claim itself.

For private entrepreneurs, net worth estimates depend entirely on visible assets and known business revenues — not audited balance sheets. The $40 million figure reflects what can be reasonably traced. The $300 million figure cannot.

Detail	Information
Widely Cited Net Worth Estimate	~$40 million
Higher Unverified Estimate	$300 million+ (unconfirmed, single tabloid source)
Primary Wealth Source	SIMCOL Group — petroleum distribution
Secondary Sources	Real estate, film production, hospitality
Divorce Settlement Cost	~$560K alimony + marital home obligations
Current Residency Status	Deported to Nigeria, February 2025

Throughout this article, $40 million is used as the working estimate — because that's what the available evidence supports.

Who Is Simon Guobadia?

Simon Iyore Guobadia was born in Nigeria and relocated to the United States to pursue higher education. He studied accounting at the University of the District of Columbia — a practical foundation that shaped the financial instincts he'd later apply across multiple industries.

After graduating, he spent time working as a tax manager in corporate America, which gave him a clear-eyed understanding of business operations before he ventured out on his own.

Immigration History and Legal Background

Guobadia's path in the US was not straightforward. He first entered the country in the early 1980s but later faced serious legal complications. Court records show he pleaded guilty to bank and credit card fraud charges in the late 1980s, which triggered visa violations and deportation proceedings that played out in the early 1990s.

He eventually returned to the US and attempted to regularize his status, filing for naturalization in 2016. That application was denied — authorities cited his earlier immigration violations and raised questions about how he had originally obtained legal residency. In February 2025, Guobadia was deported back to Nigeria following months in ICE custody.

Public Profile and RHOA

His relationship with Porsha Williams, a main cast member of The Real Housewives of Atlanta, brought Guobadia into mainstream public attention around 2021. His appearances on the show gave him a platform to display his business ventures and lifestyle.

That visibility opened additional doors — though it also intensified public scrutiny of both his personal decisions and his financial history. His celebrity profile is context, not a primary wealth driver.

How Did Simon Guobadia Build His Wealth?

SIMCOL Group — The Core of His Fortune

SIMCOL Group, founded in 2007 and based in Atlanta, is the business most consistently credited as the foundation of Guobadia's wealth. The company operates in petroleum distribution and fuel logistics, supplying petroleum products across regional markets and working with clients in sectors including hospitality and construction.

Privately held companies in the fuel distribution space can generate substantial revenues without much public visibility — which is partly why net worth estimates for Guobadia vary so widely.

In practice, petroleum logistics businesses operate on volume and supply contracts, often producing consistent annual revenues even when market conditions shift. SIMCOL Group appears to represent the bulk of what places Guobadia's estimated worth in the eight-figure range.

Real Estate Investments

Real estate has played a significant supporting role in Guobadia's portfolio. He has owned residential and commercial properties in Atlanta, including a high-value primary residence that was featured on The Real Housewives of Atlanta. Property ownership of this kind serves two purposes simultaneously — it generates income and accumulates appreciating value over time.

What's often overlooked in celebrity net worth discussions is that real estate holdings are typically the most verifiable component of a private entrepreneur's wealth.

Unlike business revenues, property transactions leave public records. If you follow similar wealth profiles, the breakdown on ned luke net worth offers a useful parallel on how real estate and entertainment income get weighed together.

Film Production and Entertainment

Guobadia has worked as an executive producer on several film projects. His most notable credit is Son of the South, a historical drama focused on civil rights activism in the American South. Additional production credits include Jail Dogs (2013), Kill (2019), and Ken Ford Live from the Buckhead Theatre (2013).

These projects were not major commercial releases. Entertainment added to his public profile and provided supplementary income, but it is not — by any reasonable reading of his portfolio — a primary driver of his $40 million estimate.

Hospitality Ventures

At various points, Guobadia owned restaurants and lounges in Atlanta, including Simon's Restaurant, a high-end dining and social venue. Several of these establishments have since closed.

They contributed to his revenue and business standing in Atlanta during their operational years, but hospitality is a notoriously difficult industry to sustain — and Guobadia's ventures there appear to have had a mixed run.

Philanthropy

Guobadia has contributed to charitable causes in both the United States and Nigeria, with reported focus areas including education and healthcare. Philanthropic activity doesn't build net worth — but it reflects how wealth is allocated and reinforces the public-facing profile he's cultivated over two decades.

Wealth Source	Category	Current Status
SIMCOL Group	Petroleum distribution	Active (est. 2007)
Real Estate	Residential + commercial	Active
Film Production	Executive producer credits	Occasional
Hospitality	Atlanta restaurants and lounges	Partially closed
Luxury Vehicles	Rolls-Royce, Ferrari, Lamborghini	Owned; depreciating assets
Philanthropy	Education and healthcare giving	Ongoing

Why Do Net Worth Figures for Simon Guobadia Vary So Much?

This is worth addressing directly — because the gap between $40 million and $300 million is not a rounding error. It's a question of methodology.

Simon Guobadia's businesses are privately held. SIMCOL Group does not publish revenue figures. His real estate portfolio is partially traceable through public property records but not fully catalogued. His entertainment and hospitality ventures have variable and undisclosed earnings. In this context, net worth estimates are built from visible signals — not verified financials.

As noted in Bloomberg's Billionaires methodology, when ownership of closely held assets cannot be independently verified, they are either excluded from calculations or assigned a lower confidence rating — meaning two analysts looking at the same privately held business can arrive at dramatically different valuations depending on the assumptions they apply. For Guobadia, whose primary business is in petroleum logistics with undisclosed revenues, that uncertainty is amplified.

The $40 million figure is consistent, repeatedly sourced, and aligns with what is publicly traceable. The $300 million figure is a single-source claim with no breakdown. Interestingly, even Guobadia himself has referenced the $40 million figure in public statements — which gives it additional credibility as a working estimate, even if the true number is unknowable without a full asset audit.

You can see similar valuation ambiguity in breakdowns like lystra adams net worth, where privately held business interests make precise figures equally difficult to pin down.

Simon Guobadia and Porsha Williams — Divorce and Financial Impact

Guobadia and Williams got engaged quickly — within 30 days of Guobadia's separation from his previous spouse, Falynn Guobadia. They married in November 2022 with two ceremonies: a traditional Nigerian celebration followed by a formal American wedding in Atlanta.

The marriage lasted roughly 14 months. Williams filed for divorce in February 2024, citing irreconcilable differences. The divorce was finalized in June 2025.

A prenuptial agreement governed the financial outcome. The settlement gave Williams $40,000 per month in alimony for 14 months — a total of $560,000 — along with use of the marital home for up to 36 months and the option to acquire 50% equity in the property if she refinances it into her name. She also received ownership of a Rolls-Royce.

According to Forbes' analysis of prenuptial agreements for business owners, a well-structured prenup is specifically designed to keep business assets classified as separate property — protecting the company's equity and day-to-day operations from divorce proceedings. That framing applies directly here: the prenup appears to have functioned as intended, shielding Guobadia's SIMCOL Group holdings and the bulk of his asset base from the settlement.

He has publicly stated his intention to challenge the prenup terms in court. Williams, for her part, has disputed his characterization of the marriage as financially motivated — noting that she had established her own businesses well before they met.

The net financial impact on Guobadia's overall wealth appears limited, given the prenup protections. The $560,000 alimony figure, while significant in absolute terms, represents a small fraction of a $40 million portfolio. For context on how other public figures manage wealth through similar transitions, see ben williams net worth.

Also Read: Richard Wilkins Net Worth

Simon Guobadia's Current Status in 2026

Guobadia was deported to Nigeria in February 2025 following months in ICE custody. His US naturalization application had already been denied in 2016 due to prior immigration violations. His current residency status is outside the United States.

His US-based business holdings — including SIMCOL Group and real estate — remain on public record, but there is no confirmed reporting on the operational status of those businesses following his deportation.

It is reasonable to note that privately held companies can continue operating under management structures that don't require the founder's physical presence in the country — but this has not been publicly confirmed for SIMCOL Group specifically.

Net worth estimates remain at approximately $40 million as of mid-2026, based on available sourcing. Active legal disputes related to the prenup challenge remain ongoing per public statements.

Conclusion

Simon Guobadia's net worth sits at an estimated $40 million in 2026 — built over two decades through petroleum distribution, real estate, and select entertainment ventures. The $300 million figure in circulation is unverified. His recent deportation and divorce settlement have generated headlines, but neither has produced confirmed evidence of major asset reduction.

Frequently Asked Questions

What is Simon Guobadia's net worth in 2026?

Approximately $40 million, based on the most consistently cited estimates across business publications. A $300 million+ figure exists but has no verifiable sourcing or breakdown.

How did Simon Guobadia make his money?

Primarily through SIMCOL Group, his Atlanta-based petroleum distribution company founded in 2007, supplemented by real estate investments, film production credits, and hospitality ventures.

How much did Porsha Williams receive in the divorce?

Williams received $40,000 per month for 14 months ($560,000 total), use of the marital home for up to 36 months, an equity option on the property, and ownership of a Rolls-Royce.

Did Simon Guobadia's deportation affect his net worth?

No confirmed public reporting shows asset changes following his February 2025 deportation. His US-based holdings remain on record; operational details are not publicly confirmed.

Why do different sources report different net worth figures for Simon Guobadia?

His businesses are privately held with no public financial disclosures. Net worth estimates for private entrepreneurs are built from visible assets and known revenues — not audited accounts — which produces wide variation.