Jack Ma, founder of e-commerce giant Alibaba and Chinese billionaire is on a three day visit to Africa, his frist time on the continent, from July 19 to 21 where he is expected to attend the Youth Connekt Africa Summit in Rwanda.
Ma In his entourage are 38 other billionaires, including Internet tycoon Bob Xu, Alibaba’s founding partner Lucy Peng, founder and chairman of Mengniu Dairy Niu Gensheng, and real estate tycoon Huang Youlong, Business Day Africa reports.
Jack Ma is a special adviser for youth entrepreneurship and small businesses for the United Nations Conference on Trade and Development (UNCTAD).
“I came here (Africa) to share the entrepreneurial dream not to sell Chinese products,” Ma said.
The billionaire has dropped several nuggets of wisdom on starting a business, including:
“Individual commitment to a group effort, that is what makes a team work, a company, a society, a civilization… work.”
“Find people who can be your boss, not those who are willing to be your servants. That is how you’ll grow.”
“When you’re profitable, after paying your employees, you can then pay yourself as an entrepreneur.”
“Opportunities are always found where people complain”
Music has come a long way over the last few decades, now being seen increasingly as a profession rather than simply a passion. People study music at school and university, looking for a career in a field where the best entertainers can make big money. Endorsement deals, CD sales and live shows, among other things, some musicians can earn a lot of money.
Here are the five richest entertainers in Nigeria, in no respective order.
Born Innocent Idibia, the former member of the band, Plantashun Boyz, is among the richest artists in the industry. With two platinum records already behind him, Tuface (2Face) is speculated to be worth about 550 million naira ($3.47 million). He has had endorsement deals from companies such as Guinness, which earned him 20 million naira ($125,000) and Airtel, which earned him 22 million naira ($139,000). He was also rumoured to have collected 30 million naira ($189,000) from the producers of the Phat Girls movie. Tuface has invested heavily in real estate and stocks, and made bug money from it. He once said his goal was to recover all the wealth taken from Africa.
Apart from his music interests, D’banj has moved into other sectors. His interests include Koko Mansion, a TV reality show, Koko Lounge, an upscale hangout in Lagos and the UK, Koko Foundation, a charity, and Koko Mobile. There are also rumours that he is set to launch Koko Records. The bulk of his money comes from endorsements – his endorsement deal with Globacom telecommunications cost 70 million naira ($442,000). He has a multi-million naira endorsement with energy drink Power Fist, a deal with the makers of the Virgin Colour soft drink and another huge deal with a popular jeweller. Another endorsement which runs into millions is with Chris Aire, with D’banj acting as the face of his watches. He collects between 5 million naira ($31,500) and 7 million naira ($44,200) as performance fee for local gigs, and even bigger fees across the rest of Africa and in the US and the UK. Like his old boss, Don Jazzy, D’banj also bagged a recording deal with Kanye West’s G.O.O.D Music. D’banj once said, “I work hard so that money, awards, endorsements, bookings and kokolets chase me.”
Real name Michael Enebeli, Don Jazzy, is the founder of now defunct Mo’Hits and now runs Mavin Records. He is one of the most sought after producers in Nigeria. As a child he was a member of Good Morning Kids, a group created by his father. He is known for his business dexterity, building Mo’Hits from scratch to become one of the biggest entertainment empires in the country. He recently signed a recording deal with Kanye West – a move that not only boosted his reputation as an entertainer, but also his wealth.
Singing and dancing duo Peter and Paul Okoye won the KORA award for Best Africa Artiste in 2010, collecting a $1 million prize in the process. Shortly after, the duo got an endorsement deal with Globacom telecommunications worth about 240 million naira ($1.5 million) for four years. Their seven-city American tour in 2010 earned them a whopping $1m and have also built a house valued at 300 million naira ($1.9 million). They own Rayfield Hotel, Jos, and two multi-million naira factories in the same city, where they built a multimillion naira bakery and sachet water companies for their parents. The bulk of their wealth comes from concerts, especially in Africa, where they charge about 2 million naira ($12,600) per show. They have sold over 14 million copies of their CDs since 2005.
Banky W has become one of the richest entertainers in the industry, making the bulk of his wealth from gigs, where he charges between 2.5 million naira ($15,800) and 3 million naira ($19,000) per show and performs three to four times each week. A brand ambassador of Estisalat, one of Nigeria’s telecommunications giants, he also featured in Coca Cola-Nigeria’s World Cup theme song and Microsoft’s Anti-cyber Crime Initiative. An entrepreneur, Banky W has invested heavily in various businesses and also doubles as a philanthropist, founding the Mr. Capable Foundation, where he provides tuition fees for indigent and brilliant students. He is also the force behind EME music which has, arguably, the Nigeria’s fastest rising artiste (Whizkid) under the label.
In today’s world of social media, where people are constantly showing off their flashy life style, news feeds are filled with happy news of engagements, vacations, speaking gigs, new achievements etc it seems like no one is struggling anymore. Every one’s life seems like this happy bubble of new wonderful things every day. This isn’t bad of course but after reading a lovely article today, I had to agree with the author to the harsh truth, instagram happy life doesn’t translate to real life happiness.
In case you’re an entrepreneur or an aspirant and you feel like you face certain struggles alone, well, that’s false. The fact that people don’t publicize their struggles doesn’t mean they don’t have problems. Here are a few common struggles entrepreneurs often face but are either afraid or for the sake of the gram, are ashamed to admit them.
Lately, when talents like being funny or just being plain silly can earn you a few bucks via social media, a lot of entrepreneurs feel like their talents cannot be monetized. For eg, a young person who has managerial roles often finds it difficult to monetize that, for him/her to make a living out of that and given the state of Nigeria, there aren’t a lot of jobs. I was awakened by this upside down approach to success when a mentor said, “Your net worth is intimately related to your network.” And that turned my world right side up. Just as we should dance like no one’s watching, I started blogging like no one’s reading. And even though it felt so uncomfortable to not monetize this talent, this daily practice led to even bigger networks, even better relationships, and of course eventually will lead to more money. It feels counterintuitive and yet so profound!
Irritation with Prospective Clients
As a blogger, I’ve had the opportunity to interview quite a number of people. I met with this vibrant fashion designer once and I asked what was her most re-occurring challenge on a daily, and she said ‘dealing with clients who don’t know what they want’. They can come to the store and ask a ton of questions and take the whole day and at the end, make no decision at all’ I find it very irritating. I’m sure everyone can totally relate to that. Dealing with people on a daily is a job on its own. The trick is to offer your best services and hope you impacted their lives positively.
The Desire to Struggle
A lot of us are programmed to struggle but we’ve lost that zeal. We think that we’ll get a trophy for working harder and faster. But then reality hits and to make it worse, it seems like people who work less hard earn more. We all want success with just a tiny push and when that doesn’t happen, we tend to get frustrated. Aliko Dangote once said in an interview ‘Most young people want the wealth I have but they are not willing to work hard for it’. That statement is true in every facet of it. Struggling is not a sign of weakness. Walking through fire instead of around it ensures that you come out pure and refined.
The bottom line is, we all have struggles. So how do we counter these issues and grow in spite of them? Please keep in touch for the next article.
He is funny, handsome and super talented. His humorous spirit drew us in and wrapped itself around our hearts. Have you watched an episode of ‘The Report Card”?? Absolutely hilarious. He brought something new and fresh to the table and has been dishing new delicacies ever since. He’s a classic comedian, event host and Tv presenter at Linda Ikeji TV
Hero Daniels: I’m Daniel Ifeanyichukwu (Dad called me Hero at birth), A 23-year old man born into a gorgeous family of Six (and no, I’m not the baby of the house but the last child of my parents). I hail from Nkpor, Anambra State in Nigeria so I guess I’m American. After my “Ajebota “ primary school education at St. Andrews Primary School Onitsha, I proceeded to Dennis Memorial Grammar School Onitsha in Anambra State and finally got a degree in Microbiology at the University of Benin, Benin City, Nigeria. I am a Christian and I like to think I’m Single, I hope she thinks so too.
Hero Daniels: It is quite simple. I host my TV shows during weekdays, Events at weekends and its fun all the away because I enjoy what I do.
Hero Daniels: Well, I give in a Hundred and one percent (101%) to my craft, so it’s pretty much TALKING, on or off the Camera.
Hero Daniels: Of course, GREATLY. Linda Ikeji is hardworking and energetic woman and that energy is highly contagious. She also has an energetic Staff and we try to deliver the very best of content on Linda Ikeji TV which has ultimately made me invest more in my craft and has given me a platform for my art to be appreciated.
Hero Daniels: I have always been a fan of Satirical shows and it occurred to me that Africans hardly do satire and the market was ripe for it .So I met with Mr. Theo Ukpaa (the show producer), pitched it to him and with his help and that of others, the Report Card was born.
Hero Daniels: In 2009, I started hosting Child’s Parliament (A Debate Show) at Anambra broadcasting Service, Awka, Anambra state. I took 4 year-break and re-surfaced in 2015 as host of Carnival Calabar for Ebonylife TV. Then, I was selected to represent Nigeria at Discovery Networks’ TLC Next Great Presenter Competition in 2016, I made it to the top six (6) finalists in Africa. Coming back to Nigeria, I took up a job with Linda Ikeji TV.
Hero Daniels: JOKES !It takes a lot creativity to make jokes out of very serious issues and still pass a positive subtle message. Sometimes joke ideas come in slow and I just have to step out and draw ideas from everything and everyone around me.
Hero Daniels: Not necessarily. I’ve been talking from my mother’s womb, so my family and friends pretty knew I would tow this path and they have been very supportive.
Hero Daniels: Lol…Am I? Well thank you. Humour is relative; therefore, I try to find a common ground with my audience so the jokes can appeal to them.
Hero Daniels: Well some are, while some are not. There is a societal pressure on them to keep up with a luxurious lifestyle. Most often than not, Social media is all about “Packaging” for some celebrities.
Hero Daniels: Anyone that churns out content on any kind of Media Platform (TV, Radio, Podcast, Social Media, Print Media …etc)
Hero Daniels: The truth is that Rihanna is in love with me.
Hero Daniels: The year I was born because I would love to be younger .After all, all I did that year was to cry and suck my mum’s breasts.
Hero Daniels: Don’t even go there, Real Madrid ...she is the female version of Ronaldo.
Hero Daniels: James Corden
Hero Daniels: Attention. Everyone loves attention.
Hero Daniels: Never be in hurry to be popular. Be consistent, Trust and enjoy your growth process. Invest in your craft so you would be too good to be ignored! ******Drops Mic****
Stalk Daniels on instagram via @herodaniels
Jaden Christopher Syre Smith is an American actor and rapper. He is the son of Jada Pinkett Smith and Will Smith. Jaden Smith’s first movie role was with his father in the 2006 film The Pursuit of Happyness -Wiki.
Jaden Smith also started his working on his own and began to make some cool bucks for himself at the age of seven which is really pretty cool for a kid like him.
His personal net worth is estimated to be over $9 million, but he also has the money his parents will eventually leave to him, making his current Smith family income over $554 million.
Dannielynn Hope Marshall Birkhead is an American child model, tabloid sensation and reality television personality.
She is the daughter of the late great Anna Nichole Smith who wan an actress and also a model. Dannielynn also followed the footstep of her mother and eventually got a plum job for modeling as Kids Guess. She now worth over $10 million
She began her career when she landed a gig for a commercial when she was 3-years-old. Two years later, Breslin debuted in her first film, Signs (2002) directed by M. Night Shyamalan. The film was a box office success. Her breakthrough performance came in the year 2006 when she starred in a comedy-drama called Little Miss Sunshine. The film was a critical and commercial success and Breslin received rave reviews for her excellent performance. She received many nominations including the Academy Award for Best Supporting Actress and Screen Actors Guild Award. Breslin has starred in other films like No Reservations(2007), My Sister’s Keeper (2009) , Zombieland (2009), August: Osage County (2013), Ender’s Game (2013) etc.
Nick D’aloisio is a 19-years-old computer programmer from United Kingdom. He became an internet entrepreneur when he was just 15 years of age. A technological genius, D’aloisio is best known for inventing Summly, an application for iOS which he later sold to Yahoo for $30 million. He received many accolades including Wall Street Journal’s “Innovator of the Year”, TIME Magazine’s one of the world’s most influential teenagers etc. In 2014 he won the Apple Design Award at WWDC. Currently, pursuing Computer Science and Philosophy from Hertford College, Oxford University, D’aloisio is one of the youngest self-made millionaires in the world.
Who hasn’t heard of Brangelina right? Knox & Vivienne Jolie Pitt are twins of Hollywood power couple Angelina Jolie and Brad Pitt. When they were born in 2008, in a seaside hospital in Nice, France, there were media people circling the place like a vulture tryimg to catch one glimpse of the children. The first picture of Knox & Vivienne Jolie Pitt was reported sold for $14 million which became the most expensive celebrity photographs ever taken. Since Knox & Vivienne are children of one of the highest paid celebrities in the world, it’s no surprise they ended up in the number 2 passion of the 10 wealthiest kids in the world today.
Photos have emerged, showing a rugged-looking jeep which was allegedly made in Imo state, using local raw materials from Imo.
The photos were shared by Citizen Ikenna Samuelson Iwuoha on Facebook. According to him, the car is called Biafrakwezuonu and the one in the photo is the 2017 model.
The engineer who designed the car can be seen in the photo below covered up in a protective racing suit.
Innocent Ujah Idibia better known by his stage name 2face Idibia, or 2Baba was born in in Jos, Nigeria on18th September 1975 (age 41). He is from the Idoma ethnic group in the southern part of Benue State, in central Nigeria. He enrolled at Institute of Management & Technology, Enugu (IMT), where he did his preliminary National Diploma course in business administration and management but eventually dropped out to pursue his music career.
Here are 15 things you need to know about the R’n’B Legend.
2face is an is an avid reader and constantly seeks information and in his spare time he enjoys watching football
In his words, he adopted the stage name "2Face" (Tuface) because he was "trying to demarcate my personal life with my business life.
We are head over heels in admiration for the works of Adrian McDonald. A Philosophical art photographer and award winning film director. His impeccable ability to capture moments and imagery and tell a thousand stories with it is simply outstanding. Fascinated by his diction, We decided to add to his CV and call him a ‘wordsmith’. On his website, Adrian wrote;
“Photography for me is not about the shutter, aperture or exposure, those are all just peripherals; it is about the moment, moments which can transcend time. About 2 years ago my style became completely revolutionized. It was the first time an image made my Vogue Italia portfolio. The editor in her words stated, "A good photograph needs to have a soul, be open, not provide answers but rather trigger questions, it needs to intrigue, have several layers of meaning and not be dull, flat, banal or one-dimensional." That statement completely shattered my prior one dimensional view of photography for both fine arts and weddings. My emphasis was always based on objective perception, that is for many persons to acquire the same meaning, but that is so limited in many ways more than one. The problem with objectivity ( even though it's useful in some realms of art) is that the artist tells the story, but with subjectivity the viewer creates their own. I then employed the perspective of subjectivity and with such I brought soul to my work. This soul became much more than just the resonance of emotions, it was the culmination of telling stories whilst preserving the authenticity of each moment. I transferred this art of telling stories from my fine arts background to my weddings and the results became like poetry, sweet to the tongue, warm to the heart and soothing to the mind.”
He was definitely telling the truth, check out some of his works below:
Amazing yes? Be Inspired.
Follow him on instagram @Lexonart
Polly Alakija is a renowned British-Nigerian muralist and artist that is absolutely exceptional and is using her paint brushes to redefine contemporary art. The themes of her paintings revolve around Nigeria, most especially women. She moved to Nigeria upon getting married to her Yoruba husband. She is one of the artists commissioned by the Lagos state government to decorate some landmarks in Lagos. She was also an artist in residence for the 2015 Cheltenham Jazz festival and had a solo exhibition at the quintessence gallery Ikoyi in 2015.
We’re proud of her generous contribution to art and decided to share her story today for you to be inspired. Art is not necessarily what rich people use to pass time; we appreciate her for delving into it and changing the whole concept around it and of course Nigerians are starting to truly appreciate it. Polly has successfully painted molue buses and Volkswagen beetles in Lagos, bringing old, cranky abandoned items back to life.
See some of her works below:
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African manifestation of intellectual achievement in terms of social wealth and political power has always been marginalized against women. As much as we would like to declare that women are being empowered especially in the 21st century, we can’t also argue that it is far from being balanced. As an African woman, it is hard to equate the needs of social accomplishments and needs of the home. Sparingly, the society stigmatizes you on the blanket of respect.
To breach that gap, Mary Chinda, a bold and daring Tv presenter, OAP and book writer recently birthed the initiative for ‘The Single Ladies Conference’. The Ikwerre-born blogger and author from Rivers State in Nigeria, Mary Chinda through her conference enlightened hundreds of ladies on the concept of ‘feminism’. The conference was tailored to empower ‘The Single Woman’ on discovering herself before saying ‘I DO’. An influential broadcaster in the south east, Mary has an interesting book on the way. She has captioned it ‘The Single Lady’.
This book entails the untold struggles of a single woman in a pressure filled Nigeria: coping with a career, and choosing a man that fits into the chosen career, struggles with being horny, masturbation and breaking free from lesbianism. This book is yet to see the light of day but has already been endorsed by ace comedian, actor and motivational writer Ali Baba.
For women, it’s a choice; power, fame and success or a family. They can’t have both. Mary Chinda’s book is a gold mine of knowledge waiting to be tapped. Good looking to her, we sure can’t wait to read that book!