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PROFILE| MEET AFUA OSEI, THE CO-FOUNDER OF SHE LEADS AFRICA

Afua Osei is an entrepreneur, investor, and a Public Speaker. She is also the Co-founder of She Leads Africa, a media company for millennial African women.

Afua Osei was born in Washington DC. She spent her formative years in Prince George’s County, Maryland. Osei graduated cum laude from Allegheny College with degrees in Political Science and was the first student to design their own major in Black Studies. She received the Faculty Prize for the Best Interdisciplinary Senior Thesis and the Ray Smock Political Science Prize for promise in local and state politics

In 2013, she graduated from the University of Chicago Booth School of Business and Harris School of Public Policy Studies with a Master of Business Administration and Master of Public Policy.

After graduating from college, Osei participated in the Campaign Corps Fellowship, a comprehensive Democratic campaign training program, covering all aspects of running a successful political campaign sponsored by EMILY’s List. She was a Fulbright Scholar in Malaysia and also served in the Office of First Lady Michelle Obama. After business school, Osei moved to Lagos, Nigeria to serve as a management consultant at McKinsey & Company [8] providing strategy and operations expertise to clients in South Africa, Nigeria, Ghana and the United States.

In 2014, Osei co-founded She Leads Africa, a “community for smart ambitious young African women,” with Yasmin Belo-Osagie.

She Leads Africa provides women across more than 35 countries with business and career advice and has been featured in several international publications including The Financial Times,[11]CNN,[12] CNBC Africa,[13] Huffington Post,[14] and Black Enterprise.

 On December 9, 2016, She Leads Africa rang the Closing Bell at the New York Stock Exchange.

Osei has been recognized by Forbes Africa as one of the Youngest Power Women in Africa (2014), named by Ventures Africa as one of the top 25 African innovators to watch in 2016 and one of the 30 Quartz Africa innovators in 2017. She was selected as a judge for the Chivas Venture competition, “a global search to find and empower the next generation of young entrepreneurs determined to succeed while changing the world for the better.”

She has been a featured speaker at TEDxEuston in London, G20 Africa Partnership Conference in Germany, Essence Festival Durban in South Africa, and Thomson Reuters Foundation Trust Conference in the UK.

 

Credit: Wikipedia

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21-YEAR-OLD KYLIE JENNER BECOMES WORLD YOUNGEST SELF-MADE BILLIONAIRE

The youngest of the Kardasian-Jenner sisters, Kylie Jenner, is now officially the youngest self-made billionaire in the world, at 21.

Kylie Jenner has knocked Mark Zuckerberg off the top spot. The tech guru formerly held the position by becoming a billionaire at the age of 23.

According to Forbes:

In mid-November, Kylie Jenner marked a milestone moment with a visit to a strip mall. For the past three years, her Kylie Cosmetics had only sold its makeup online and briefly in pop up shops. But after signing an exclusive distribution deal with Ulta, the beauty retailer, Kylie Cosmetics was rolling its $29 lip kits—a matte liquid lipstick and matching lip liner—into Ulta’s 1,000-plus stores. And Jenner showed up to the Richmond Avenue Ulta in Houston to greet customers, sign autographs on lip kits and, of course, pose for selfies with her fans.

Over the next six weeks, Kylie Cosmetics sold $54.5 million worth of products in Ulta, according to estimates from Oppenheimer. “I popped up at a few stores, I did my usual social media—I did what I usually do, and it just worked,” she says.

Fueled in part by the Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbesestimates Jenner’s company is worth at least $900 million. She owns all of it. Add in the cash Jenner has already pulled from the profitable business, and the 21-year-old is now a billionaire, with an estimated fortune of $1 billion.

Read the full article here.

 

 

Credit: Bella Naija

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KYLIE JENNER NAMED AS THE FIFTH WEALTHIEST AMERICAN CELEBRITY OF 2018 ALONGSIDE JAY-Z

Makeup Mogul and reality star,  Kylie Jenner is now the fifth Wealthiest American Celebrity of 2018.

In a new list compiled by Forbes Magazine, the 21-year-old’s net worth of $900 million sees her tied at fifth place with rapper Jay-Z. 

The mother of one who launched her Kylie Cosmetics two years ago, has already shifted over $630 million in makeup products, according to Forbes.

This is the first time Kylie has landed on the list, which ranks the wealthiest American celebrities based on fortune they have amassed off their fame.

The number one spot on the list this year went to George Lucas, whose net worth was listed at $5.4 billion. The second place spot goes to Steven Spielberg, who is valued at $3.7 billion, while Oprah Winfrey landed in third with $2.8 billion.

Michael Jordan‘s net worth of $1.7 billion placed him in fourth place, David Copperfield‘s $875 million landed him in seventh, Diddy’s $825 million saw him take the eighth spot.

Tiger Woods and James Patterson tied for the ninth spot with a net worth of $800 million.

 

Credit: LIB

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KENDALL JENNER NAMED WORLD’S HIGHEST PAID MODEL OF 2018

American Supermodel, Kendall Jenner is the world highest paid model of the year 2018, according to Forbes.

She reportedly earned $22.5 million between June 2017 and June 2018—a slight pay increase from the $22 million she raked in last year.

Other models who made the list include Karlie Kloss who came in second place with an estimated $13 million in earnings, Chrissy Teigen and Rosie Huntington-Whiteley who tied for third with $11.5 million in earnings, Gisele Bündchen earned $10 million, Cara Delevingne ($10 million), Gigi Hadid($9.5 million), Bella Hadid ($8.5 million), Joan Smalls ($8.5 million), and Doutzen Kroes ($8 million) rounded out the list.

In all, the women made a cumulative $113 million, much more that $109.5 million from last year.

 

Credit: stargist.ng

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KATY PERRY BEATS BEYONCE, TAYLOR SWIFT, TO BECOME 2018 WORLD’S HIGHEST PAID WOMAN IN MUSIC

Katy Perry is the 2018 World’s Highest paid Woman in music, according to Forbes, making a whopping $83 million pretax.

Katy plays 80 dates of her Witness:The Tour and grosses over $1 million per night. She also serves as a judge on ABC’s American Idol reboot, reportedly earning north of $20 million.

Ranking second on the list is singer Taylor Swift who raked in $80 million, with the launch of her new album Reputation, which sold two million copies worldwide in its opening week.

According to Forbes, the only reason she didn’t claim the top spot on this list is that most of her Reputation Stadium Tour dates fell just outside this year’s scoring period.

Beyoncé rounds out the top three, pulling in $60 million.

See the top 10 below:

  1. Katy Perry – $83 million
  2. Taylor Swift – $80 million
  3. Beyoncé – $60 million
  4. Pink – $52 million
  5. Lady Gaga – $50 million
  6. Jennifer Lopez – $47 million
  7. Rihanna – $37.5 million
  8. Helene Fischer – $32 million
  9. Celine Dion – $31 million
  10. Britney Spears – $30 million
Credit: Bella Naija
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SOFIA VERGARA NAMED AS THE HIGHEST PAID ACTRESS FOR THE 7TH YEAR IN A ROW

46-year-old Sofia Vergara has been listed by Forbes as the highest paid actress on the small screen for the seventh year in a row, earning $42.5m in 2017-18.

The actress owes this earning not only to her salary from ABC’s hit comedy The Modern Family but also to endorsements and lucrative licensing deals including, coffee maker SharkNinja Coffee and furniture chain Rooms To Go, which make up nearly half of her paycheck.

At number 2 is Big Bang Theory star Kaley Cuoco, who earned a total of in $24.5 million before taxes, and Grey’s Anatomy’s Ellen Pompeo at number 3 with $23.5 million.

Together, the world’s 10 highest-paid TV actresses earned a combined $168.5 million between June 1, 2017, and June 1, 2018, up from $156.5 million in the same period last year.

All the earnings recorded are before taxes, and fees to agents, managers and staff.

See the top 10 highest-earning TV actresses below:

  • Sofia Vergara – $42.5 million
  • Kaley Cuoco – $24.5 million
  • Ellen Pompeo – $23.5 million
  • Mariska Hargitay – $13 million
  • Julie Bowen – $12.5 million
  • (tie) Mayim Bialik – $12 million
  • (tie) Melissa Rauch – $12 million
  • Kerry Washington – $11 million
  • Claire Danes -$9 million
  • Pauley Perrette  – $8.5 million

 

 

Credit: Bella Naija

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KYLIE JENNER COVERS LATEST ISSUE OF FORBES, SET TO BECOME THE YOUNGEST SELF-MADE BILLIONAIRE

The 20-year old beauty entrepreneur and reality TV star is on the cover of Forbes Magazine‘s August 2018 issue as the magazine focuses on the 60 richest, most successful women entrepreneurs in America.
The combined net worth of the top 60 self-made women is now a record $71 billion, 15% more than in 2017. These women make their money in everything from fashion and retail to biotech to trucking to venture capital.
Kylie Jenner is the youngest on the list as well as a newcomer.
According to Forbes, Kylie is currently worth an estimated $900million thanks to her cosmetics line, an empire she has built in just three short years.
Forbes says:
What her half-sister Kim Kardashian West did for booty, Jenner has done for full lips. Like Kardashian West, she has leveraged her assets to gain both fame and money. But while her sister is best-known for the former, Jenner has proved adept at the latter. In historic fashion.
Just 20 when this story publishes (she’ll turn 21 in August) and an extremely young mother (she had baby daughter Stormi in February), Jenner runs one of the hottest makeup companies ever. Kylie Cosmetics launched two years ago with a $29 “lip kit” consisting of a matching set of lipstick and lip liner and has sold more than $630 million worth of makeup since, including an estimated $330 million in 2017. Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.

Add to that the millions she’s earned from TV programs and endorsing products like Puma shoes and PacSun clothing, and $60 million in estimated after-tax dividends she’s taken from her company, and she’s conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America’s Richest Self-Made Women. (We estimate that 37-year-old Kardashian West, for comparison, is worth $350 million.) But she’s not just making history as a woman. Another year of growth will make her the youngest self-made billionaire ever, male or female, trumping Mark Zuckerberg, who became a billionaire at age 23. (Snapchat’s Evan Spiegel also became a billionaire in his early 20s, though it’s less clear when he passed that threshold.)

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JENNIFER OBAYUWANA COVERS FORBES AFRIQUE MAY 2017

Forbes Afrique dives into the world of the Business of Luxury in Africa, a business Forbes describes as a billion dollar industry in Africa, with Jennifer Obayuwana as the cover star.

In West Africa, that market is ruled by Polo Limited, a 30 year old business responsible for the proliferation of luxury goods. With locations in Nigeria and Ghana, Polo Luxury is at the forefront of luxury sales in West Africa. Despite the economic outlook in Nigeria, this is an industry that has maintained consistency in the African Sector.

 

On her special approach to management and women leading differently than men: Firstly I would say being a good listener. While a majority of decision-making rests
with the leader, there is so much to learn from one’s teammates when you patiently listen to their views and opinions. Secondly, I would say service. All great leaders (women alike) should serve others. This is at the heart of Polo Luxury’s success as a
whole. In response to the latter part of the question, I strongly believe that women lead intuitively. In my opinion, Women in high-level positions exhibit the same leadership behaviors as their male counterparts.

Full interview on Forbes Afrique

In the Forbes Afrique cover story,
Cartier Africa CEO, Alessandro Patti says,

“We (Cartier) see Nigeria as a strategic market with great potential. Being very satisfied with the results with our partner Polo Luxury Group, it was natural to opt for a long-term vision. In 2016, a Cartier watchmaker area was installed in the Polo Avenue at Hilton’s multi-brand in Abuja. Over the years, Nigeria and Cartier have developed a strong relationship and we are proud of the development of our activities. Our clientele is made up of connoisseurs looking for the know-how, beauty, creativity and elegance that make Cartier’s success. As far as watchmaking is concerned, generous diameters and complicated movements are preferred.”

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FORBES WOMAN AFRICA LAUNCHES FIRST TELEVISION SHOW

Against The Odds With Peace Hyde”
Forbes Woman Africa, the continent’s first-ever women’s interest magazine from the highly successful FORBES stable, launches its very first television show through FORBES AFRICA TV, in partnership with Ecobank.

On Friday, April 28, Forbes Woman Africa’s Against the Odds with Peace Hyde will premieres on CNBC Africa, adding another thought-provoking and inspirational lifestyle show to their arsenal. The show will feature women who are trailblazers in their respective fields of business and who inspire younger women to be bold and break boundaries, contributing to the narrative of growing female power on the African continent.

FORBES WOMAN AFRICA has teamed up with leading Pan African bank, Ecobank to launch the 12-part series celebrating the achievement of exceptional women in business.

Award-winning presenter and journalist, Peace Hyde, joins Editor of FORBES WOMAN AFRICA, Methil Renuka, in the premiere episode to discuss the vision behind the series.

Commenting on the importance of having a strong platform like FORBES WOMAN AFRICA translated from a print to a television platform Renuka noted: “Why only talk about the glass ceiling when you have ceiling-crashers who have done it all and can show the way. They may be very few, but they have had significant successes and a discerning show like this will be lessons from those who made it, to those who would like to scale those same heights and more, very much in line with FORBES WOMAN AFRICA’s own rich content philosophy.”

“The essence of the show is to really celebrate exceptional women. It’s about women who have tapped into their courage and persistence, and chosen to keep going in spite of all the hurdles. I think that in order for you to do that you need to have a very strong understanding of your purpose,” explains Peace Hyde.

“Against the Odds with Peace Hyde” premieres on CNBC Africa, Canal Plus Channel 171, DStv Channel 410 and StarTimes Channel 309 later this year.

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ONE OF AFRICA’S BIGGEST FASHION ICON ADDS ANOTHER YEAR

Fashion Amazon of Africa- Dressmeoutlet.com on Friday March 3, 2017 celebrated her Founder/CEO; Mrs. Olatorera Oniru who is an exemplary leader, a driving force to be reckoned with in the African e-commerce scene, an outstanding keynote speaker and advocate of women empowerment and women in leadership across borders.

The Nigerian woman who is building the Fashion Amazon of Africa is ’30 and Fabulous’ with numerous accolades from local and international media organizations and awards shows. Olatorera Oniru is currently leading initiatives to realize a pinnacle in Africa history where we would rely less on importation and more on our natural resources. She travels across Africa, into rural communities and more in search of idiosyncratic fashions and eclectic designers to retail on the site. She has plans to source in China, UAE, South Africa, Ethiopia and more in the next coming months.

Before starting out as an entrepreneur, Olatorera worked as head of sales governance for Fortune 5000 company Ericsson, focusing on the Sub-Sahara African region. She also worked with Merrill Lynch as a senior analyst and with General Electric as a financial management intern. If her work foundation isn’t impressive enough, as is her education: graduating Cum Laude Honors Bachelor of Science degree in Business Administration and Management from North Carolina A&T State University and an MBA in Finance, Leadership, and Management from Emory University. She founded DressMeOutlet from her personal savings and has a personal runway to successfully finance the business for up to the next 5 years.

There is a lot in store for Dressmeoutlet.com. While Olatorera will continue to provide the best fashion and beauty products, they want to continue to grow and enter new territories, increasing their supplier database and multiplying the amount of customers they service.

Olatorera encourages young African entrepreneurs by telling them, “Push your dreams further, don’t let anything/anybody stop you from doing something great in the world”  “Please do it. Go out there and do it, one step at a time, one day at a time, one handshake at a time, one clap at a time, one achievement at a time.” Olatorera is leading by example and her tenacity and strategic abilities will grow Dressmeoutlet.com exponentially as they continue to be a major player in the African e-commerce market.

 

 

 

 

 

 

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