In an article written by Ventures Africa, the number of millionaires springing up from digital ventures has grown tremendously in the past two decades as the world embraced the potential of knowledge technologies, information and social media to produce economic benefits as well as job creation. From Mark Zuckerberg to Sergey Brin, Lawrence E. Page and YouTube partners Steve Chen, Chad Hurley and Jawed Karim, the world has witnessed a new breed of entrepreneurs who have a new course of business and make a fortune while at that.
The African continent has not been lagging behind.
Innovative minds in the motherland have cited and exploited opportunities in the knowledge economy, which has become more prominent as the internet usage and importance increased over the years. In their article, Ventures Africa have shortlisted, in no respective order, 10 Africans who have successful amassed a fortune from founding million dollar internet companies.
Among these ten Africans is Jason Njoku, Founder and CEO of Iroko TV.
The Nigerian Internet entrepreneur is the founder of Iroko TV – the world’s largest digital distributor of African movies. Iroko TV was labeled the ‘Netflix of Africa’ according to forbes.
Earlier this year, Iroko TV raised $8 million in venture capital from Tiger Global Management, a New York-based private equity and hedge fund run by billionaire Chase Coleman.
The online streaming website, profits from lucrative content distribution deals with Dailymotion, iTunes, Amazon and Vimeo.
Analysts believe Iroko TV could be worth an estimated $30 million and CEO Njoku is the company’s largest individual shareholder.
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