Konga’s Sim Shagaya and Luxury Designer Alexander Amosu Make List Of Young Millionaires To Watch Out For By Forbes


It seems that in a couple of years from now, certain young Millionares would be giving Dangote a run for his money.

Forbes has listed the 10 Young African Millionaires to Watch Out for and it includes two Nigerians.

Luxury designer Alexander Amosu, 38, who made headlines last year for helping creating the world’s most expensive champagne, as well as Sim Shagaya, 38, the creative head of one of Nigeria’s leading shopping websites – Konga; both made the list.

Read their short profiles below: –

Alexander Amosu
Alexander Amosu is Africa’s foremost high-end luxury designer. He is the founder of Amosu Couture, a company that custom-designs and sells diamond-encrusted mobile phones, iPads, headphones and other accessories. Amosu made his first million at age 24 by informally selling ring-tones to mobile phone subscribers in the United Kingdom. Buoyed by the success of this venture, he founded RnB ringtones, a company which grossed over $1.5 million in its first year of operations. He sold the company in 2004 for $15 million to a British mobile value added services provider and used the funds to setup Amosu Couture. His wholly-owned Kamson Luxury Group publishes the Nigerian edition of British celebrity magazine, Ok!

Sim Shagaya
The Harvard MBA and serial entrepreneur is the founder is Konga.com, Nigeria’s largest e-commerce company. Konga, which Shagaya founded in July 2012, has raised more than $38 million from investors such as Kinnevik and South African media giant, Naspers . Prior to founding Konga, Shagaya founded Dealdey, Nigeria’s leading group-buying e-commerce site, and E-Motion, an outdoor advertising company.