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Monday, 8 September 2014

BILLIONAIRES WHO PUMP MILLIONS INTO ENTERTAINMENT...

                     Dangote and Adenuga
A billionaire is a person with a net worth of at least one billion (1,000,000,000) units of a given currency. According to the 2014 Forbes special report on the world almanac of wealth, there are 1,645 billionaires spread across the globe – more than ever before – all together worth some $6.4 trillion, an 18.5% increase from 2013. Furthermore, the United States is home to 492 of the world’s wealthiest, followed by China with 152 and Russia with 111.

Interestingly, Africa is blessed with 11 billionaires – one of whom is Business tycoon Aliko Dangote. Nigerian Entertainment Today’s investigation shows that apart from the reported N500 million worth of investments injected into the Nigerian entertainment industry by several companies opening up a market for entertainers and others in the allied sectors – there are a few billionaires, who have spent huge fortunes that have contributed to the fast growing entertainment industry. These Nigerian billionaires have stamped their settlement in the industry in ways that include giving out endorsement deals, floating entertainment outfits and or spending fortunes on the practitioners....

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