Hushpuppi’s source of wealth revealed? His net worth and other details

Born Ramon Olorunwa Abbas in Nigeria, Hushpuppi is no stranger to controversy and public scrutiny. He has faced it all. From growing up in poverty to the eventual rise to riches, followed by the swift and sudden fall from grace through multiple criminal charges. Here is Hushpuppi’s source of wealth revealed.

TABLE OF CONTENTS

Key takeaways

• Hushpuppi has constantly appeared on lists of wealthy Nigerians from time to time. He reportedly owns numerous cars, several houses, and other expensive properties.
• Before his arrest in 2020, the Dubai-based tycoon was building a massive house in Lagos, Nigeria.
• When asked about it, Hushpuppi claimed that he accumulated his wealth from the real estate business.
• He was sentenced in the United States to 11 years for conspiracy to launder money and other related fraud charges.

Hushpuppi’s source of wealth

When Ramon relocated from Nigeria to Malaysia, his fortunes began to change. He quickly moved from rags to riches, a situation that made many people question the source of his wealth. Some speculated that his fortunes were the result of some powerful ‘friends.’

When asked about it, the suspected Yahoo boy claimed that he accumulated his wealth from the real estate business. At some point, he even joked that all his money comes from his career as a ‘professional beggar.’

Allegations about his source of wealth

Some said he was a gambler, while others believed that he was a fraudster. Still, none of these allegations was ever confirmed at the beginning of his rise.

All this time, Ramon insisted that he worked his way to the top and even shared a profound post on social media highlighting his struggles when growing up and what it took to get to where he was.

What happened to Hushpuppi?

In June 2020, details about Hushpuppi’s source of wealth began to emerge when Interpol arrested him in Dubai for alleged cybercrime offences. He was then extradited to the United States of America, where he would later face charges for conspiracy to launder money.

Part of the charges included the use of business email compromise to defraud individuals and organizations, and other scams and schemes. For example, it was reported that the Nigerian defrauded an American law firm of $40 million, targeted to steal $124 million from an English football club, and illegally transferred $14.7 million from a foreign financial institution.

The FBI also stated that Hushpuppi, along with his counterparts, had defrauded a New York law firm out of $922,857 back in 2019. The business email compromise scheme is an elaborate scam that begins with the creation of email addresses that almost resemble those of actual firms.

Law firms and other organizations that frequently perform wire transfers are usually the primary targets. The attacker then obtains unauthorized access to resources and accounts related to the business email by assuming the identity of its owner. They can then defraud the organization’s employees, partners, customers, and debtors.

On the day of Ramon’s arrest, the police reportedly found about $40 million in cash, more than 800,000 emails, external hard drives, 47 smartphones, 21 laptops, and 13 luxury vehicles worth a combined $7 million.

At the time of arrest, Ramon’s lawyer, Gal Pissetzky, insisted that his client was not a fraudster and had accumulated his wealth from legitimate real estate businesses.

Criminal charges

Upon his arrest, Hushpuppi, through his attorney, maintained that the money laundering allegations levelled against him were false. However, the ostentatious Nigerian took a U-turn on his stance when his trial drew closer.

He agreed to plead guilty to a conspiracy to engage in online fraud and money laundering. However, many of the details of his plea agreement with the US were not released to the public. To date, many of the filings in Hushpuppi’s case remain sealed.

In the agreement, Ramon is said to have admitted to laundering money from a Malta bank heist as well as the proceeds from a business email compromise on an unnamed English Premier League club, an American law firm, and a UK firm.

Some of Hushpuppi’s crimes were allegedly committed with the assistance of North Korean state-sponsored computer hackers.

Conditions of the plea bargain

Here are some of the details about Hushpuppi’s plea bargain agreement that were released to the public.

• Full restitution: Hushpuppi will be expected to pay full restitution to his victims. Additionally, the agreement stated that the court might order Ramon to pay restitution to people other than those mentioned during his criminal charges. The restitution payments could also be more than the figures mentioned in court during his arraignment.
• No right of appeal: Hushpuppi also agreed to waive his right to appeal his sentence unless he made the plea bargain involuntarily.
• Sentence: He was sentenced in the United States to 11 years for conspiracy to launder money obtained from business email compromise frauds and other scams.

Hushpuppi’s net worth

Ramon has constantly appeared on lists of wealthy Nigerians. He reportedly owns numerous cars, several houses, and other expensive properties. While his exact net worth in 2025 remains unknown, the New York Post estimate his wealth at $20 million as of 2020.

Some sources estimated his wealth grew to the tune of $70 million. However, this has reduced following his arrest, arraignment and sentencing in a US court.

Cars

Hushpuppi’s Instagram followers can attest that he has never shied away from showcasing his exotic car collection. The only aspect of his lifestyle possibly flashier than his car collection is his designer clothes.

Here is a look at the cars Ramon owns.

• Rolls-Royce Cullinan: In 2019, British car manufacturer Rolls-Royce followed industry trends by creating its first-ever SUV. Given the brand’s heritage and knack for quality, the resulting Rolls-Royce Cullinan was an ultra-luxurious vehicle. Ramon allegedly acquired his Cullinan for about ₦126 million.
• Bentley Bentayga: The Bentley Bentayga currently costs between $156,900 and $235,700 and is the top-of-the-line SUV from the Volkswagen-owned British carmaker, Bentley. Ramon is said to have acquired his in 2019 for about ₦84 million.
• Rolls-Royce Wraith: A significant number of car enthusiasts agree that there is nothing else like the Rolls-Royce Wraith. It is hands down the best-appointed comfortable couple today. Ramon reportedly purchased his for a whopping ₦100 million and immediately took to Instagram to flaunt his new ride.

Here is a look at some other expensive car models the Nigerian owns.

• Brabus G-Wagon
• Bugatti Veyron
• Ferrari 458 Italia
• Ferrari 488 GTB
• Lamborghini Aventador
• Mercedes-Benz G-wagon
• Mercedes-Benz Maybach S650
• Range Rover Sport

House

The Dubai-based tycoon was building a massive house in Lagos, Nigeria, before his arrest in 2020. However, not much is known about the value of the house. Additionally, Hushpuppi once gave his Instagram fans a virtual tour of his suite at an expensive Dubai hotel.

Was Hushpuppi released?

Sometime after his detention by the American authorities, there were rumours that Hushpuppi had been released. This came after a report appeared on the American Bureau of Prisons website. The report showed Ramon’s status as ‘released.’

However, his Chicago-based attorney denied the rumours. He said that the document showing Hushpuppi’s release date was only so because his client had been transferred from Illinois to California.

Hushpuppi’s wife and children

According to BBC reports, Hushpuppi has a wife and at least one child. Although details about their names and ages remain hidden.

Hushpuppi’s news today

In November 2022, Curtis James Jackson III, a.k.a. 50 Cent, announced his plan on Instagram to shoot a television series on the life of Hushpuppi.

Allegations of fraud while in prison

In the latest Hushpuppi news, the renowned Nigerian had been accused of fraud and money laundering over $400,000 while in prison. A man known as Andrew John Innocenti, an alleged FBI special agent, claimed that Hushpuppi had been freshly charged with the crime committed behind bars.

However, these claims were later confirmed to be false. A cybercrime expert examined the alleged supporting documents and described them as fake and intended to lure people to an untrustworthy website. The US government also dismissed the claims, stating that the documents with the story were fabricated.

Who is richer between Obi Cubana and Hushpuppi?

According to the BBC, Obi Cubana’s net worth in 2021 was around $96 million. He is considered richer than Hushpuppi, who was worth around $70 million before his downfall.

Is Hushpuppi still alive?

Yes, the renowned Nigerian Yahoo boy is still very much alive. There were rumours that the Nigerian had died under US custody a few months ago. However, these turned out to be false.

How old is Hushpuppi now?

Hushpuppi was born on 11 October 1982; therefore, his age is 42 years as of 2025.

Is Hushpuppi a Gucci ambassador?

Popularly known for rocking the famous brand Gucci, Hushpuppi became a self-acclaimed Gucci ambassador whose outfits, ranging from his wristwatch to his shoes, are of the same brand. Still, he is not an official Gucci ambassador.

What is the occupation of Hushpappi’s father?

Hushpuppi’s close associate, Mompha, once revealed that his dad is a cab driver in Lagos.

Where is Hushpuppi now?

He is currently serving a federal prison sentence in the United States at FCI Fort Dix in New Jersey.

How much is Hushpuppi’s Richard Mille?

Abbas’ Richard Mille RM11-03 watch brand reportedly costs around $230,000, as per multiple reports.

Hushpuppi is undoubtedly one of the well-known controversial Nigerians of modern-day. His rapid rise from rags to riches, extravagant lifestyle, and eventual arrest led many to wonder what was Hushpuppi’s source of wealth. The Yahoo boy reportedly earned his wealth through scams and schemes. He pleaded guilty to one count and is currently serving a prison sentence.

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Source: Legit.ng