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Alexander Amosu & Sim Shagaya of Konga are listed by Forbes as Young Millionaires to Watch Out For



Alexander Amosu

The young Africans who may be giving Aliko Dangote a run for his money in the not so distant future, are getting the limelight.

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 create the world’s most expensive champagne, as well as Sim Shagaya, 38, the creative head of one of Nigeria’s leading shopping websites – Konga.

Read their short profiles;
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 - July 2014 -
Sim Shagaya
The Harvard MBA and serial entrepreneur is the founder is, 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.

To see the rest of the list, click here


  1. Anonymous

    July 10, 2014 at 9:52 am

    Ummmmm no comment about Alex Amosu

  2. mannastores

    July 10, 2014 at 10:00 am

    ya cha-ching , hopefully one day i will be on that list . Mr sim shagaya has really taken konga to places

  3. bukola

    July 10, 2014 at 10:09 am

    That’s good news. Congrats to sim shagays.

  4. aisha

    July 10, 2014 at 10:19 am

    Great news….

  5. MsBlossom

    July 10, 2014 at 10:46 am

    Success is good, great Ideas make it.

  6. vixybabes

    July 10, 2014 at 1:18 pm

    Alex Amosu a young millionaire to watch out for?????………is it not this same man that is owing his lawyer approx N1.5 million and has refused to pay and or come to Nigeria ever since his lawyer started looking everywhere for him?……how does forbes compile its list of young millionaires?…hmmmmmm. there is GOD O!

    • ifo

      July 11, 2014 at 10:34 am

      Just ask him for a bottle of his champagne Gout de diamant, that will cover the bill!

  7. @edDREAMZ

    July 10, 2014 at 2:19 pm

    Wow, what an achievement… Congrat to the young millionaires…..

  8. Foxy

    July 10, 2014 at 4:00 pm

    Alex Amosu my foot.. Who doesn’t know the guy is a fraud. Who comes up with this lists anyway? Amosu is a broke ass.. Liar and deep rooted fraudster. I was defrauded by him and I know a lot of others who will hear that name and curse. Lol. Alex Amosu koo… Mscheeew. Oniranu

  9. Folarin

    July 11, 2014 at 8:05 am

    Alexander is what a call a serial entrepreneur, he doesn’t get much recognition as a Nigerian. He’s a great role model for the kids of today.

  10. Bode

    July 11, 2014 at 8:25 am

    Hater Alert….

  11. Bankole

    July 11, 2014 at 8:38 am

    Vixybabes & foxy clearly you don’t like the guy cause he has more money than you. Thats ok, God will give you your own beko.
    I would like to know what achievements you both have apart from attempting to discredit him? And to add Forbes don’t just write stories of people without investigating them and in some cases you have to show your bank account for proof and verification. Like they say haters will spread your failures and whispers your success. A beg go sit down somewhere with you lies.

    • vixybabes

      July 15, 2014 at 8:02 am

      Bankole thanks for your response. what about my sending you the details. by the way do you know that issuance of dud cheque is a criminal offence in Nigeria???….why dont u just ask him if he issued a dud cheque to his own Lawyer in Nigeria and took off to London. Bankole, i dont just wake up one morning to discredit people. his lawyer has been sending emails to him and everyone close/related to him and attached all the documents. i saw the mails from someone that works with Alex and was shocked!!!…Alex has made a name…yes i know, but he is working really hard to destroy it. if really he didnt do it, he should come to Nigeria……or better still, drop by at Zone 2 Police station, onikan Lagos to verify. i heard they have declared him wanted. read it frm the mail too. so pls verify. thanks. Vixybabes.

  12. toyin

    July 11, 2014 at 10:42 am

    congratulations Alex and Sim, keep making us proud…

  13. Ibrahim Asofo

    July 11, 2014 at 11:56 am

    Am inspired by what this guy has achieved, every time i hear his name in the international press its always positive, especially as a Nigerian. Alexander i salute you. Keep flying the flag.

  14. Idak

    July 11, 2014 at 12:49 pm

    Forbes and these endless stream of pointless lists.

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