What do Ghana, Ivory Coast and Cameroon have in common? Their combined annual GDP is less than the net worth of the world’s richest man- Jeff Bezos.
The 54 year old business man, who earned $32.6bn (81% of Nigeria’s gross external reserves) in 2017 alone, is worth a whopping $104bn (25% of the Nigeria’s GDP).
His brainchild, Amazon.com, went from being just a garage business in 1994, to one of the most profitable companies in the world. Amazon recently extended its reach to include emerging markets, such as Nigeria. This is great for consumers, who now have more options, but not so good news for domestic e-commerce players, such as Jumia and Konga, who now face more competition.
The lifestyle section features some wealth-making tips straight from the horse’s mouth. The piece will inspire you, and debunk some myths about money and success.
The attached document contains the usual mix of economic and social stories, such as the NSE bubble, the World Economic Forum meeting, and the scoop on the upcoming Samsung Galaxy S9.
Enjoy your read!