Simon Guobadia's net worth: A look at the businessman's fortune

Simon Guobadia is an Atlanta-based businessman who migrated to the United States from Nigeria in the early 1980s. After working in the corporate sector, he ventured into business in 2007 and is currently the CEO of SIMCOL Petroleum. This article looks at Simon Guobadia's net worth and how he makes his fortune.

Key takeaways about Simon Guobadia

• Before starting his own business, Simon was a Certified Public Accountant (CPA).
• He worked as a tax manager at various firms in the US.
• His primary source of wealth is his investment in petroleum and energy.
• He is the founder and CEO of SIMCOL Group, a major fuel supplier in the Southeast, USA.
• Simon has produced numerous films and television projects.

Simon Guobadia's profile summary

What is Simon Guobadia's net worth?

While multiple online sources like the Business2Community and HotNewHipHop report Porsha Williams' estranged husband, Simon Guobadia, has an estimated net worth of $40 million, an article shared on Yahoo Entertainment on August 1, 2024 claims he is worth over $300 million.

Simon's fame skyrocketed after his marriage to RHOA stars, Falynn and Porsha Williams. According to the publication on Yahoo Entertainment, the attorney representing Porsha in her divorce case against Simon said:

Given [Simon] has a net worth of well over $300 million, [Simon] clearly has the resources to continue to unnecessarily expand the instant divorce action and is currently using those resources to propound intrusive and harassing discovery requests that clearly violate the intent and spirit of the parties’ Prenuptial Agreement, as well as this Court’s Amended Domestic Relations Standing Order.

What does Simon Guobadia do for a living?

He earns a living as an entrepreneur, philanthropist, and executive film producer.

How does Simon Guobadia make his money?

The Atlanta-based businessman has various entrepreneurial ventures and investments. The success of his company, SIMCOL Group, has been a major contributor to Simon’s net worth.

Simon is the founder and CEO of SIMCOL Group, a company involved in the distribution of petroleum products. The company has worked with various indicters, including hospitality, which has proven to be a lucrative area of business.

Simon Guobadia's companies

Simon Guobadia established SIMCOL Group in 2007. The company supplies refined petroleum products in the southeast United States, with headquarters in Atlanta, Georgia. Guobadia is also the owner of KLC Petroleum Transport, a subsidiary of SIMCOL that deals in freight shipping. 

Guobadia's investments in film production and entertainment

Guobadia has invested in various companies in the entertainment industry. He previously had joint venture partnerships with Simon Paige Productions, Twelve Music and Publishing, and KES Entertainment Group with singer Akon. 

He has also ventured into the film industry, with executive producer credits on Jail House Dogs (2012), Ken Ford Live from the Buckhead Theatre (2013), Kill (2019), and Son of the South alongside Academy Award winner Spike Lee (2020).

Although these projects were not major Hollywood blockbusters, they provided Guobadia with an additional source of income and allowed him to explore his interest in filmmaking.

Additionally, his appearances on the Real Housewives of Atlanta on Bravo TV have increased his public profile. His relationship with Porsha Williams, a main cast member of the reality show, brought him into the spotlight, and he has used the platform to showcase his lifestyle and business endeavors.

Although his earnings from television are not a major part of his wealth, his appearances on the show have certainly contributed to his public recognition and opened up additional business opportunities.

Simon Guobadia's investments in hospitality

Guobadia had several restaurants and lounges in Atlanta, including Simon’s Restaurant, a high-end establishment that closed down. The entrepreneur has also invested in American Cut Steakhouse, The Republic, Barbeque Restaurant, and DAS BBQ II.

In his previous interview with Authority Magazine, Guobadia revealed that investing in restaurants was better than owning. He said: 

After two years in the business, two bankruptcies, and the major blow of the COVID-19 pandemic, I finally realized that I needed to get out of the restaurant business, or at least rethink my approach.

I've since discovered that I am much better suited as an investor, where I can lend my expertise at supporting passionate chefs and talented operators in fulfilling their dreams.

While Simon’s Restaurant has closed its doors, I am incredibly honored to be able to invest in other restaurant concepts bringing innovation and ingenuity to the community.

Simon Guobadia's houses

Simon and his now ex-wife, Porsha, bought a $7 million Mediterranean-style mansion in Sandy Springs, Georgia, in early 2022. The home features five and a half baths and five bedrooms.

Guobadia previously owned a 13,500-square-foot home sitting on 1.33 acres in Atlanta. The luxurious mansion was featured on The Real Housewives of Atlanta.

He used to share the Atlanta home with his now ex-wife Falynn. The property featured seven bedrooms, ten bathrooms, and four garages. Simon purchased it in 2020 for $3.36 million and sold it in September 2021 for $4.5 million.

Simon’s real estate portfolio also extends beyond his primary residence and plays a substantial role in his net worth. He has been known to invest in properties that offer high returns, including both residential and commercial real estate.

These investments have not only provided him with additional income streams but have also diversified his assets, offering long-term financial stability.

Simon Guobadia's cars

Goubadia owns several cars, including a Cadillac Escalade, a Dawn, a Mercedes-AMG S63, a Ferrari 812 GTS, a Phantom, a Coachmen Mauck2 custom van, a Cullinan, and three Rolls-Royces. His collection is worth more than $2 million.  

In 2022, he was featured on Simply Buckhead, where he talked about his love for cars, especially European-made with 'peak style, power, and luxury'. His everyday car is the Mercedes-AMG S63, but he told the publication that he usually replaces his old cars with new ones. 

I just love them. I love the history around certain vehicles, whether they're Italian, British, or German.

Simon's relationship with Porsha Williams has further highlighted his lavish lifestyle. The couple marked their engagement and subsequent marriage in 2022 with opulence, including an extravagant wedding celebration.

Despite his high spending, Simon’s ability to manage and grow his wealth through diverse investments has kept his net worth steadily increasing.

Simon Guobadia's philanthropic works

In addition to his business success, Guobadia is known for his philanthropic efforts. He has contributed to various charitable causes, particularly in education and healthcare, both in the United States and in Nigeria.

Also, his philanthropy reflects his desire to give back to the community and support those in need, adding another dimension to his public persona.

Is Simon Guobadia a Certified Public Accountant?

Guobadia holds a BBA in Accounting from the University of District Columbia. According to his website, he previously worked in corporate as a CPA with a focus on Audit and Accounting, Software Development, and Transactional Tax Consulting. Additionally, Simon was a Tax Manager at Deloitte from 2004 to 2006.

What is Simon Guobadia's age?

Born on June 2, 1964, Simon Guobadia is 60 years old as of May 2025. He was born in Edo, Nigeria, to a family of eight siblings and relocated to the United States in 1982.

Who are Simon Guobadia's parents?

Growing up, his dad, Stanley Stephen Guobadia, was employed by the Nigerian Prison Services, while his mum, Martina Taiwo Guobadia, worked as an English school teacher.

Simon Guobadia's dad retired as the Assistant Director of Prisons. He passed away on March 22, 2019, aged 83, after a brief battle with gastrointestinal cancer. Simon's mother is late as well.

Is Simon Guobadia a millionaire?

The Nigerian-born USA-based businessman has an estimated net worth of $40 million in 2025.

Is Simon Guobadia's net worth on Forbes?

Simon Guobadia's net worth is not publicly listed on Forbes. While he is an entrepreneur and businessman with various ventures in industries like film production, real estate, and hospitality, he does not appear to be among the individuals whose net worth Forbes tracks or publicly lists.

What businesses does Simon Guobadia own?

Simon is the founder and CEO of SIMCOL Group, which operates in the fuel sector. He also owns KLC Petroleum, a freight shipping company. 

How many times has Simon Guobadia been married?

Simon has been married thrice. He was married to his first wife, Karron English, for about 20 years, and they had two children: a daughter, Nicole, and a son, Quentin.  

He was later married to former RHOA actress Falynn Guobadia from June 2019 to July 2021. Simon tied the knot with his fourth wife, RHOA star Porsha Williams, in November 2022.

While chatting with Andy Cohen on Watch What Happens Live, Williams shared that she and Simon used to double date often with Shamea Morton and her husband Gerald Mwangi.

Cohen then asked her whether Gerald Mwangi shared with her any red flags about Guobadia, to which she replied that he did. Porsha said:

You know, it’s something, when you have been through so much with men lying to you or mistreating you and you meet someone who looks you in the eye and they say what they’re going to do and they do what they say they’re going to do you begin to trust them beyond whatever. And love wins, and sometimes love fails, and in this case, that’s what happened.

Who are Simon Guobadia's children?

Guobadia has five children from previous relationships: Quentin, Nicole, Christian, Benjamin, and Ximena. He often celebrates his children's achievements, including their homeschooling graduation. Before the ongoing divorce case, he and Porsha Williams were working on co-parenting with his ex-wives.

What happened to Simon Guobadia and Porsha's marriage?

Porsha filed for divorce in February 2024 after over one year of marriage, citing a betrayal of trust and a lack of communication. She felt his behavior was inconsistent with what she had hoped for in their relationship. Additionally, there were reports about Simon's immigration issues, including overstaying his visa, bank fraud, and deportation.

Porsha told Andy Cohen on Watch What Happens Live:

It was the betrayal of what I thought we had, yeah. I really thought we were the best communicators with each other and, unfortunately, I didn’t realize that he had love-bombed me and was taking it back, so our relationship had kind of swapped over. And I just realized I needed more, and I think women should be able to stand up and say, ‘I need more. More truth, more this, more that, and a whole lot of other things.'

Did Porsha have a prenup with Simon?

Porsha and Simon signed a prenup agreement on November 17, 2022, a few days after their wedding. The actress requested for the prenup to be reinforced when she filed for divorce in February 2024, but Simon opposed it arguing that she made misrepresentations and nondisclosures during its negotiation.

He claimed she concealed her intention to return to reality television (specifically The Real Housewives of Atlanta), leading him to believe she would be a stay-at-home mom. This, he argued, made the agreement unenforceable.

Simon also cited a confidentiality clause in the prenup, claiming Porsha violated it by speaking to the media about him and their relationship. Nonetheless, a Fulton County, Georgia, court ruled on September 12, 2024, that their prenuptial agreement was “empirically fair.”

The agreement required Porsha to be granted temporary exclusive use of their $7 million mansion. The court sided with him, awarding her temporary sole use of the home.

Simon had initially objected to this request, claiming Porsha had her own home and should move there instead. He also tried to prevent her from filming the Real Housewives of Atlanta at home, but the court ruled against him on that matter.

Was Simon Guobadia deported from the US?

Guobadia has been deported from the United States multiple times. According to multiple news reports, he was initially deported in 1985 and again in 1992.

Simon is also facing potential deportation due to his current detention by ICE. He is currently in ICE custody at the Stewart Detention Center in Lumpkin, GA, following the denial of his citizenship application.

According to court records obtained by Atlanta’s WSB-TV 2, Guobadia came to the United States in 1982 and has had immigration issues since. Some of the reasons include overstaying his visa twice, bank and credit card fraud, and being granted permanent residency under an undisclosed identity after being deported. For these reasons, the entrepreneur’s attempts at becoming a naturalized citizen have been denied.

Here is a more detailed breakdown of his deportations:

• 1985: Guobadia was deported after overstaying his visa.
• 1986: He returned to the US on a work visa but overstayed it again.
• 1987: He was arrested and pleaded guilty to bank and credit card fraud.
• 1992: He was deported again and later returned to the US.
• Present: He is in ICE custody at the Stewart Detention Center in Lumpkin, GA, following the denial of his citizenship application.

Are Porsha and Falynn still friends?

Porsha publicly stated that she and Falynn are not friends and that Simon's divorce from Falynn was unrelated to her relationship with Simon. Her relationship with Simon began a month after his divorce from Falynn was filed. She wrote on Instagram:

Falynn and I are not friends, and Simon's divorce has been settled. Our relationship is a positive, loving step forward in everybody's lives.

What is Porsha Williams' net worth?

Celebritynetworth reports that the American reality TV star has a net worth of $1.5 million. Williams lost a lot of money after being demoted from the Real Housewives of Atlanta due to violent behavior.

However, her net worth has since risen to $1.5 million as she returned to the show. The actress also makes money through business deals and sponsored content on social media.

What is Falynn Guobadia's net worth?

Sources allege Simon Guobadia's ex-wife, Falynn Pina Guobadia from the Real Housewives of Atlanta, has a net worth of between $2 million and $3 million in 2025.

What is the net worth of Porsha's ex-husband?

Kordell Stewart, a former NFL Quarterback, has a net worth of $14 million. Porsha was first married to Kordell. They were married in 2011 and divorced in 2013.

Facts about Simon Guobadia's net worth

• His company, SIMCOL Group, has been a major contributor to his net worth.
• His company has affiliated companies in several countries, spanning three continents.
• He has a film and television production company called Simon Guobadia Productions.
• Guobadia has owned several restaurants and lounges in Atlanta.
• His car collection is worth more than $2 million.
• He has owned multi-million homes in Atlanta.

Simon Guobadia's net worth today comes from his entrepreneurial ventures after he established his first business in 2007. His journey from a Nigerian immigrant to building a multi-million-dollar company in the heart of Atlanta is inspiring.

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Source: Briefly News