Woodberry’s name has been making the rounds on the internet and most people are curious about who he is. His real name is Olalekan Jacob Ponle and was born on May 25, 1989. However, he is widely known as Mr. Woodberry and he leaves in Dubai; he is a socialite, an entrepreneur, and he is well-known on social media.
Mr. Woodberry became popular in 2017 and this has to do with his flamboyant lifestyle. He was also a close friend of the social media sensation Hushpuppi. He was later caught along with his friend Hushpuppi for fraud in Dubai.
Before he was caught by the long arm of the law, he was very rich; all thanks to the proceedings from fraud. This article would do well to go into detail about Woodberry’s net worth and important things you need to know about him.
Woodberry’s Early Life
He was born on May 25th, 1989 to the family of Mr. and Mrs. Ponle. He was born into a Christian family and his real name was Olalekan Jacob Ponle. He speaks English language, Pidgin English, and Yoruba without scruples.
He grew up in the Middle-class area of Mainland Lagos where he and his siblings were raised by his parents. He is from the Southwestern part of Nigeria.
He attended his primary school and secondary school in Lagos. He left secondary after 6 years with good grades to his name. Woodberry could not further his studies due to financial restrictions as he had to opt out of a polytechnic he was attending and he left the country for Dubai shortly after that.
Why Was He Arrested and Imprisoned?
Woodberry became very familiar with social media due to his flamboyant lifestyle. He showed off his affluence and was on a spree showing off his fleets of cars and assets. Due to his flamboyant lifestyle, lots of people believed that he was into fraud since there was no solid proof of his source of income.
The assumptions were true as he was arrested for cyber fraud in June 2020, along with Hushpuppi, with 10 other accomplices. They were arrested because of their involvement in a $435 million fraud. The duo was said to have defrauded over 1.9 million people.
Woodberry’s Net Worth
Since he flaunts his wealth on the internet excessively and considering what was recovered by the police, Woodberry was very rich. Before he was imprisoned, he had an estimated net worth of $30 million. However, most of this if not all was recovered once he was arrested alongside his crime associate Hushpuppi.
Woodberry who was a popular friend and associate of Hushpuppi was arrested for fraud in 2020, which was in line with many people’s suspicions. He is still remanded in prison for an 11-year term. He was very rich and worth over $30 million before his arrest, as his properties were confiscated to make up for all he stole.
This article went into detail about everything you need to know about Woodberry and his net worth.