E-money has become a household name in the entertainment industry, albeit not just in the entertainment industry but also in Nigeria’s oil and gas industry. The young billionaire, whose real name is Emeka Okonkwo, is blessed with great fortune and progress in virtually all his life endeavors, having successfully become a billionaire at a young age. He has earned the admiration of his fans as a paragon of virtue due to his philanthropy and generosity.
Born and raised in a humble family, Emeka is popularly known as an investor, entrepreneur, music record label CEO, philanthropist, and shipping company owner. He is also best known as a friend of the less privileged in the society; this he has proven by his show of concern and love to the needy.
E-Money is a 40-Year-Old Billionaire From Uli In Anambra State
With the wealthy background of billionaires in today’s world, one would expect that Emeka Okonkwo was born in affluence which may have contributed to his billionaire status at a young age. But going through his background, you would be taken aback to know that E-money was born in the shantytown of Lagos called Ajegunle on October 18, 1981, into a humble family. Born, raised, and gained fame and popularity in Lagos, some believe that E-money is from Lagos. However, the Business Mogul is an Igbo man from Uli, a town of historical importance situated at the extreme Southeast corner of Ihiala local government area of Anambra State, the eastern part of Nigeria.
He was raised alongside his brother Kingsley (Kcee) under the care of their parents. Being raised in an entertainment-grounded family, his father was a Disc Jockey. He played music in social events, sold CD plates, video cassettes, and ventured into other low-income businesses to feed and train his children. His mother was a supportive housewife to his husband. Today, both parents are happy they are currently reaping the fruit of their labor as the fortune of their son E-money has in turn given them the befitting good and luxurious life they deserve.
He Holds A Doctorate Degree in Business Management and Corporate Governance
The 40-year-old oil mogul spent most of his years in Lagos State. E-money’s formal education from nursery school, primary to the secondary level were all in Lagos State. Information about his tertiary education is also unknown. The businessmen bagged an Honorary Doctorate Degree in Business Management and Corporate Governance from The European-American University. This certificate has played an outstanding role in shaping his businesses and management as well. The certificate was made public on Five Star Music’s official Instagram handle.
His Only Brother, Kcee, is a Successful Music Star
Though E-money has acquired much fame following his wealth, business ventures, and philanthropy deeds, he is not as famous as his elder brother Kingsley Chinweike Okonkwo. Popularly known as Kcee, E-money’s elder and only brother is a 42-year-old famous Nigerian musician and songwriter known for his hit song Limpopo.
Born on April 18, 1979, Kcee rose to the limelight in 2013 after releasing his hit song, which accorded him several awards and mouth watery endorsement deals. He was formerly a member of the defunct group called Kc Presh. He has recorded and performed great songs with notable artists like Flavour, Wizkid, and much more.
Fondly called Michael Jackson in his early days as a kid due to his dancing skills, it earned him the Best Rated Artiste of the year award in 2013, and he was also nominated for the Most Gifted Video Dance Award in 2013. Unarguably, E-money has also been a great fan and supporter of his brother’s music career. He has been spotted mainly in most of his music videos.
E-Money Had a Rough Beginning
It is interesting to know that the billionaire did not have an all rosy beginning as many would think. E-money from childhood understood his background and was determined to hustle to make it in life. He followed his father’s footsteps and learned to work hard legitimately as a businessman. He grew up struggling to make ends meet alongside his brother Kingsley, the Limpopo crooner, Kcee. The two brothers faced many challenges to the extent that they could not afford their house rent, which was about N70,000, leading to their eviction from their home in Ajegunle, Lagos.
The family had no option but to turn to their friends and relatives who could take them in. Their mother moved in with one of her sisters, while their father had to turn to some of his friends. E-money and his brother took refuge in Kcee’s car, which he won in a Star Quest Talent Hunt Competition. It wasn’t long before the vehicle they used as their home got stolen and left them homeless. Nevertheless, the two still kept pushing, and E-money resorted to becoming a freight agent.
Things took a good turn for E-money not too long after his wedding when he got his first $2 million deal through a call. He held on to that opportunity and maximized it, which still left him on the list of young billionaires today.
E-Money Has Many Business Ventures
From his major break to date, E-money has ventured into many businesses, which have amassed him the vast wealth he has today. Below is a list of the businesses that he has ventured into so far:
He Became The Owner Of 5-star Oil and Gas At 17
Oil and gas is another business which E-money does and, to a large extent, has brought him profit and prosperity. This part of his company was established in 1997. 5-star oil and gas serve as one of his primary sources of income.
Counting E-money’s successive achievements, his investment in transportation in maritime comes to mind. He owns a shipping company, which he acquired in 1997. The company was formerly known as Borisa Nig Ltd but is currently owned by E-money and named Emmy Cargo Nigeria Limited.
He Established A Music Record Label At The Age Of 30
The 5-star music record label, which has signed many music producers so far, is owned by E-money. The music record label, which was established in Lagos, Nigeria, in 2010, wasn’t famous until Kcee’s breakthrough song Limpopo was released. With Kcee as its first artist, the renowned music brand has produced bigwigs like Harrysong, Skiibi, and many others currently thriving in the industry.
Additionally, E-money owns several other money-spinning businesses worldwide, and real estate is one of his ventures. Being one of the best lucrative businesses one can think of, he owns multi-million Naira castles and other landed properties worldwide, which he also runs as one of his business chains.
The Young Billionaire Enjoys Giving Back to Society
E-money sees philanthropy as a way of life, which has left his name on the lips of many Nigerians. He has also surprised his loyal staff with car gifts on birthdays and weddings. Famous musicians like Duncan Mighty and producer Mastercraft have been fortunate to benefit from his kind gesture. Remarkably, E-money earned more love and praises on social media when he gifted the cash of #500,000 to Laura Ikeji, the sister to the famous blogger Linda Ikeji.
He also owns a foundation known as the five-star foundation. This foundation sees to helping the poor and empowering people. To date, the foundation has been helping out the needy.