Billionaire Rasak Okoya Speaks On Why He Will Hand Over Eleganza Empire To Shade Okoya’s Kids

By Glam & Essence

Billionaire Industrialist and founder of Eleganza, Alhaji Rasak Okoya opened up recently on his plans to put the children of his last wife, Shade, in charge of his Eleganza business empire.

He made this decision known some days after one of his younger sons, Raheem Okoya, publicly talked about growing up in a large family, revealing that his father has 26 children from nine women and that he is the 23rd child. Raheem had revealed that though he is a son of a billionaire, he, however, earns his own income through his executive role at Eleganza and his music investments.

In the recent interview his billionaire father gave, he opened up on his plans to hand over the future of his business empire to his younger children, though he has older children who had all worked and contributed to building Eleganza, even before the younger ones were born
Chief Okoya said he wants Shade’s children to understand the business early, so that they do not repeat the mistakes he believes some of their older siblings made. He spoke further about the need for proper training, the importance of hands‑on experience, and why he is already preparing them for the future.

Okoya explained that his children must be trained in the same practical way he built Eleganza over the years, emphasising that they need to uphold the future of the company.

Hear him,
“They must learn things the way we are doing it. They hold the future. 79 years old, I have to pass it on to them. I don’t want them to fail like their senior ones.” he said.

Okoya went on to outline the two major lessons he has been teaching them, noting that experience is the first thing they must acquire, followed by the discipline to stay focused, honest, determined, and punctual.

Speaking further, Chief Okoya revealed that one of his daughters is currently living in Europe, but he ensures that she visits Nigeria regularly, so as to see the factory and understand how things are run, because he believes the real knowledge they need is here in Nigeria.

Photo credit – shade.okoya/Instagram