Cosmas Maduka Net Worth, Business Ventures, Philosophy and Values
Dr. Cosmas Maduka is one of Nigeria’s most inspiring business leaders and exemplifies resilience, faith, and entrepreneurship with a net worth in hundreds of million dollars. Best known as the Founder and Chairman of Coscharis Group, his life story demonstrates how tenacity and hard work can convert a man from selling motorcycle parts on the streets to controlling one of Nigeria’s biggest conglomerates.
Cosmas Maduka Life, Business, and Sources of Income
Cosmas Maduka was born on December 24, 1958, in Nnewi, Anambra State, Nigeria. When he was four years old, he lost his dad which made him assume early responsibility.
His widowed mother struggled to sustain the family, so young Cosmas had to learn to survive via hard work. At the age of seven, he dropped out of school to help his mother sell bean cakes (akara) to support the family.
His early years of suffering honed his perseverance and entrepreneurial mindset, which would eventually define his success story. Maduka did not complete formal education, but he acquired practical training that would prove more valuable than certifications.
At the age of 12, he was assigned to work as an apprentice for his maternal uncle, who sold motorbike spare parts in Lagos.
This apprenticeship served as the foundation for his entrepreneurial adventure. During those years, he learnt customer service, product expertise, and the importance of trust in business. However, due to a misunderstanding with his uncle, he was terminated at the age of 17 with no settlement or compensation.
Instead of giving up, Cosmas used his meagre resources to launch a microbusiness in the same motorcycle parts category. That signalled the start of a lifetime of success.
In 1977, Cosmas Maduka co-founded a modest motorbike replacement parts business with a buddy with only 200 (less than $1 today). The company was called Coscharis, a mix of Cosmas and Charity (his wife’s name).
Over time, the company grew from selling motorbike parts to importing auto replacement parts and accessories. Maduka’s ethics, vision, and relationship-building skills drew foreign partners, and the Coscharis Group expanded significantly during the 1980s and 1990s.
His big break came when Coscharis Motors became an authorised distributor for BMW, Ford, Range Rover and Jaguar in Nigeria.
Business Ventures
- Automobile Sales and Services
- Agriculture (Coscharis Farms)
- Information Technology
- Medical Equipment Distribution
- Financial Services
- Real Estate and Logistics
Through hard labour and innovative leadership, Dr. Maduka developed a tiny trading business into a multi-billion-naira empire employing thousands of Nigerians.
Philosophy and Values
Dr. Maduka’s business style is based on faith, honesty, and tenacity.
He is famous for stating, “Hard work and integrity are the true sources of wealth.” He also cites his Christian religion as the source of his success.
As a born-again Christian, he feels that his life exemplifies God’s grace and the reward for diligence.
His leadership style focuses on mentorship, continuous learning, and empowering people to be better versions of themselves.
Some of his quotes are:
Awards and Recognitions
Dr. Maduka’s rise from poverty to prominence has earned him various prizes and accolades, including:
- The University of Nigeria, Nsukka, which conferred an Honorary Doctorate Degree in Business Administration.
- National Award (CON): Commander of the Order of the Niger for his contributions to Nigeria’s economic development.
- Forbes Africa recognised him as one of Nigeria’s most inspiring self-made millionaires.
In addition, he frequently speaks at business and youth empowerment conferences in Africa. Notable benefactor who supports education, church growth, and youth training initiatives.
Dr. Cosmas Maduka Net Worth in 2026
As of 2026, Dr. Cosmas Maduka’s estimated net worth is $800 million USD. His income is derived from several investments in:
- Automobile Sales (Coscharis Motors) Agriculture and Agroprocessing
- Real Estate
- Financial Investments International Trade and Franchising
Despite his affluence, Maduka remains humble and committed to creating jobs, empowering young people, and contributing to Nigeria’s economic growth.
To learn more about his social media life, visit his Instagram page @cosmasmadukaofficial
