Razaq Okoya: The tailor who became a billionaire; he started with 20 pounds

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Chief Razaq Akanni Okoya, CON is the owner and founder of Eleganza group of companies. He started the company with 20 pounds.

Born in Lagos, South-West Nigeria on January 12, 1940, to the family of Tiamiyu Ayinde and Alhaja Idiatu Okoya, according to reports, Razaq Okoya worked in his father’s tailoring business, which also included the sale of tailoring accessories.

Chief Razaq and wife, Folashade during visit to Queen of England in 2019.

The experience he got gave him the confidence to start tailoring activities on his own. He saved every penny he made until he had 20 pounds.

His mother gave him the extra 50 pounds, and with the blessing of his father, he started importing and trading goods from Japan.

Chief Razaq Okoya and former President Olusegun Obasanjo

Eleganza Industries today boasts of thousands of employees spread across the country. He also has multiple manufacturing companies in different parts of Lagos, which produce other items such as plastics, jewelry, coolers, cutlery, electric fans, etc.

Eleganza group of companies, through RAO property Investment, has also invested in properties around Lagos. One of such is the magnificent Oluwa Ni Shola Estate, located in Lekki in Lagos State.

The Eleganza group is now headed by his youngest wife, Mrs Shade Okoya as Managing Director/Chief Executive Officer while he is Chairman of the group.

Chief Razaq Okoya and his youngest wife, SADE OKOYA along with their kids

Read more about Chief Razaq Akanni Okoya

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