What is the secret behind his success? Cosmas Maduka sheds light on his journey.
Cosmas Maduka, a Nigerian automobile entrepreneur, is the president and chairman of Coscharis Group, known for being franchise holders of over eight automobile brands and one of Nigeria’s largest spare car parts distributors.
His company diversifies into several sectors, including real estate, banking, technology, medical equipment, petrochemicals, elevators, and agriculture, averaging over 400 car sales monthly, with luxury vehicles costing around N150 million (approximately $420,000) each, featuring brands like Rolls-Royce and BMW. 
The 67 year old has said, “If our company were publicly listed on the stock exchange — which is how Forbes usually estimates wealth—I wouldn’t be worth less than $5 billion today.”
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Cosmas Maduka’s Journey to Success
Maduka’s journey to success was fraught with challenges; he lost his father at the age of four and had to support his family by selling bean cakes on the streets.
By the age of seven, he became an apprentice and worked for seven years without pay, often sleeping in the shop where he worked.
At 17, he co-founded CosDave, an auto parts business that failed but laid the groundwork for his future. In 1977, he established Coscharis Motors, named partly after his late wife, Charity.
The company’s breakthrough happened in 1982 when it received an import licence from the Nigerian government, marking a turning point that led to national recognition and partnerships with global automakers.
Cosmas Maduka’s Secret to Success
Cosmas credits the principles of Jesus and hard work for his achievements. He is known for his ‘Jesus is Lord’ brooch.
Without formal education, he has served on the boards of two publicly traded banks and has established a multi-billion-dollar enterprise that spans five continents and fifteen African countries.
In an Instagram post, he said, “My father died when I was four years old. I do not have a primary school certificate. Those who went to school used to call me a shop rat while growing up.
Despite all these setbacks, I gave my life to Jesus as a teenager, and my life changed. I learnt about business from Jesus. The principles of Jesus form all my business secrets. From the Bible, without going to any business school, I have built a global empire, and so can you too.”
Maduka firmly believes that his achievements are a testament to the grace and help of God, and he encourages others to draw inspiration from his journey and the principles he learnt from the Bible.
He said, “Without a degree, I have served on the boards of two publicly quoted banks.
I have built a multi-billion-dollar empire across five continents and fifteen African countries. All these things could not have been possible without Jesus. I am nothing without the grace and help of God.”
Maduka, who has overcome challenging times, now has an estimated net worth of $500 million. He now spend time to travelling and establishing new partnerships for his diverse entrepreneurial ventures.
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