Damola Adamolekun, a Nigerian-American business executive and restaurateur, was born in February 1989 in Nigeria. Raised in a Yoruba family, he spent part of his early life in Zimbabwe and Amsterdam before relocating to Springfield, Illinois, in the late 1990s with his parents. His father, a neurologist, and his mother, a pharmacist, instilled a strong work ethic and ambition in him from a young age.
Adamolekun pursued higher education at Brown University, earning a Bachelor of Arts degree in Economics and Political Science in 2011. His academic journey continued at Harvard Business School, where he completed a Master’s in Business Administration in 2017. His Ivy League education laid the foundation for his career in finance and business management.
Damola Adamolekun’s Net Worth and Financial Success
As of 2025, Damola Adamolekun’s net worth is estimated at $10 million. His wealth is a result of his extensive career in finance, private equity, and the restaurant industry. Having worked for prestigious firms like Goldman Sachs, TPG Inc., Paulson & Co., and Garnett Station Partners, Adamolekun accumulated valuable experience and financial growth.
His most notable financial success came when he played a crucial role in the acquisition of P.F. Chang’s China Bistro Inc. by Paulson & Co. and TriArtisan Capital Advisors in 2019 for approximately $700 million. As CEO, he led the company’s expansion and modernization, further solidifying his position as a top business executive.
Career Journey and Key Roles
Early Career in Investment Banking
Adamolekun began his professional journey as a summer analyst in Goldman Sachs’ private equity group in 2009. After graduating, he returned to Goldman Sachs in 2011 as an Investment Banking Analyst, where he worked for two years specializing in financial transactions and investment strategies.
In 2013, he transitioned to TPG Capital, where he worked as a Private Equity Associate until 2015. His time at TPG allowed him to gain hands-on experience in business acquisitions and investment management, further preparing him for leadership roles in major firms.
Growth in Private Equity and Business Leadership
In 2016, Adamolekun joined Paulson & Co. as a Managing Partner, working directly under renowned hedge fund manager John Paulson. During his tenure, he helped manage multi-million-dollar investments and took part in major deals, including the acquisition of P.F. Chang’s China Bistro Inc.
Following his work at Paulson & Co., he briefly served as the Operating Partner of Garnett Station Partners in 2024. In addition to his corporate roles, Adamolekun founded Cedar Lane Investments, a firm focused on strategic investments in multiple industries.
Leadership at P.F. Chang’s China Bistro Inc.
From Investment to CEO
One of the most defining moments in Adamolekun’s career was his strategic involvement in acquiring P.F. Chang’s. While working at Paulson & Co., he pitched the idea to John Paulson, who supported the investment. The acquisition was finalized in March 2019, with Paulson & Co. and TriArtisan Capital Advisors securing the popular restaurant chain.
Initially, Adamolekun served as Chief Strategy Officer of P.F. Chang’s before being appointed CEO. Under his leadership, the company modernized its dining experience, expanded its global presence, and introduced new service innovations, including digital transformation strategies to enhance customer engagement.
Business Expansion and Growth Strategies
As CEO, Adamolekun led P.F. Chang’s through a period of major transformation. He focused on restaurant renovations, introducing new takeout and delivery services, and expanding the brand internationally. His business acumen helped increase revenue and strengthen the company’s market position despite challenges in the restaurant industry.
Personal Life and Future Aspirations
Family Background and Personal Interests
At 36 years old in 2025, Damola Adamolekun remains dedicated to his career. He currently resides in Scottsdale, Arizona, where he continues to oversee business operations and strategic investments. Coming from a family of professionals, he credits his parents for shaping his mindset toward success.
Adamolekun is known for maintaining a private personal life, focusing on his business ambitions. He is currently single, dedicating most of his time to business expansion and leadership development.
Future Plans and Entrepreneurial Ventures
Looking ahead, Adamolekun aims to further diversify his investment portfolio. With Cedar Lane Investments, he plans to support emerging businesses in the food, hospitality, and fintech sectors. His expertise in corporate strategy and private equity positions him as a key figure in business innovation and leadership.
Additionally, he remains committed to promoting diversity and inclusion in the corporate world, often mentoring young entrepreneurs and supporting business education initiatives.