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A simple approach combining pyrolysis and hydrogen reduction is formulated for making ferromagnetic-branched nanostructures called Co multipods. The CoO multipods (branched nanostructures) were produced through the pyrolysis of cobalt-oleate in octadecane at 280 °C with the presence of oleic acid under the protection of pure nitrogen. The angles between the nearest arms are 90°. After the reduction of the branched CoO nanostructures in flowing hydrogen gas in a tubular oven at 290°C, the CoO is reduced to pure cobalt with hexagonal crystal structure and the branched shapes are retained. Anisotropic magnetic properties were found for cobalt multipods on silicon substrates.