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Meet 42-year-old Richest US-based Nigerian Who Owns $3bn Rech Company

Published

3 months ago

February 1, 2024

Editor

Forbes has named a 42-year-old man, Tope Awotona, as the richest immigrant and Nigerian-American residing in the United States.

Awotona is the founder and Chief Executive Officer of Calendly, a scheduling software company, worth $3 billion.

He was born in Lagos but migrated to the US in his teenage years, and previously worked as a salesman for tech firms like EMC (now Dell EMC).

Forbes disclosed that Awotona started Calendly in response to his frustration with the time-consuming back-and-forth emails needed for meeting scheduling.

Having self-funded Calendly for an extended period, Tope Awotona secured a substantial $350 million investment in 2021, propelling the company’s valuation to $3 billion.

Before the creation of Calendly, Awotona ventured into other businesses, such as a projector-selling venture and a garden tools enterprise, both of which did not succeed. The majority of his wealth, however, comes from the software he created.

He graduated with a Bachelor of Business Administration from the University of Georgia, Awotona resides in Atlanta, Georgia, with his family.

Calendly, the software company he founded, specialises in a business communication platform designed for teams to efficiently schedule, prepare, and follow up on external meetings.

Awotona started Calendly, after investing all his life savings of $200,000 into it and later quitting his job selling software for EMC.

As part of the success of his initiatives, the company has 10 million users and counts Lyft, Ancestry.com, Indiana University and La-Z-Boy among its customers.

The American business magazine said Awotona’s revenue last year passed $100 million, double what it booked the previous year.

It further said that the company, which was founded in Atlanta but no longer has any physical offices, has been profitable since 2016.

Last year it raised $350 million in funding from OpenView Venture Partners and Iconiq Capital at a price that values the business at $3 billion.

That means Awotona’s majority stake is worth at least $1.4 billion, after the 10% discount that Forbes applies to shares of all private companies.

Awotona is one of just two Black tech billionaires in the United States, along with David Steward, the 70-year-old founder of Missouri-based IT provider World Wide Technology.

Attesting to his success, David Cummings, founder of Atlanta Ventures, which led a $550,000 seed investment in Calendly seven years ago, said, “Tope could be the most successful African-American tech entrepreneur of his generation.”

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32-year-old Nigerian Doctor Killed In US, Father Mourns

Published

3 hours ago

May 14, 2024

Editor

A 32-year-old Nigerian doctor, Uzochukwu Davis Igboanugo, has been killed by a drunk driver in the United States of America.

Uzochukwu, the son of prominent Igbo businessman, Chief I.K.B. Igboanugo, the founder of I.K.B Industries Limited, was killed while driving home after work three weeks ago.

The grieving father who confirmed the tragic incident in a Facebook post on Monday, May 13, 2024, said the drunk driver fell asleep at the wheel while speeding on the highway and rammed into his son’s car.

He described his son as a very happy, intelligent, friendly, caring, nice and loving boy.

“I lost my son 3 weeks ago, I have been crying like a baby. A medical doctor ( Ophthalmologist) in America,” Chief Igboanugo wrote.

His post reads further: “An accident victim of a drunkard who fell asleep while speeding on the highway, jumped his lane in the opposite direction and hit with speed force on the driver’s side door where my son was as he was driving home after work.

“We can’t question God as He has the final decision.

“Always pray as a parent not to loose any of your child irrespective of his behaviour because loss of a child can kill any parent.

“Uzochukwu my son was a very nice boy, always happy, intelligent, friendly, caring, loving, sociable etc.

“He was 32yrs old, not yet married despite my nagging, he sacrificed all his time and achieved Ophthalmology which is a very difficult medical course in the history of reading medicine to become a medical doctor.

“Since his death I have been going through mental and psychological trauma as my doctor has been warning me.

“My wife also has not been her self. Pls don’t wish your worst enemy this type of tragedy, now I pray for anybody who has not lost his child never to experience it. It is hellish and a disaster.

“Uzochukwu my son you are now in God’s bosom and working for Him that was why he took you this early. As your soul will rest in God’s bosom in Jesus name.”

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Miss USA Teen 2023 Runner-up Declines Title After Winner Stepped Down

Published

3 hours ago

May 14, 2024

Editor

The news comes after a shocking beauty pageant scandal, which saw both Miss USA 2023 and Miss Teen USA 2023 announcing that they were resigning within days of each other amid reports of bullying and harassment.

Miss USA Noelia Voigt, 24, first shared her surprise resignation via Instagram, explaining that she wanted to focus on her “physical and mental well-being.”

It was then followed by 17-year-old Miss Teen USA UmaSofia Srivastava announcing she too was stepping down because her personal values “no longer fully align with the direction of the organization.”

Now, Miss New York Teen USA Stephanie, 19, who was the first runner-up of the Miss Teen USA pageant, has revealed that she was offered the crown but ultimately refused it because she can’t “give up [her] character.”

Stephanie, 19, told People in an interview published May 13: “I worked so hard and sacrificed so much for this goal to become Miss Teen USA and although this title was a dream of mine, I believe one thing I will never give up is my character.”

While the Miss New York Teen USA admitted that it was an “extremely difficult” choice to make, she said she was confident that it was “the right decision.”

Stephanie’s rejection of the title arrives less than a week after UmaSofia, 17, shared that she was leaving behind her Miss Teen USA role in the wake of Miss USA 2023 winner Noelia Voigt’s resignation.

“After careful consideration,” UmaSofia wrote in a May 8 Instagram post, “I’ve decided to resign as I find that my personal values no longer fully align with the direction of the organization.”

Her statement further adds to the speculation about the dark underbelly surrounding the pageant.

“Hi everyone. As many of you know, on August 6, 2023, I was crowned Miss New York Teen USA 2023,” Stephanie wrote on Instagram on Sunday, May 12.

She went on to note that she had put “every ounce of [her] being” into achieving her dream of winning and “sacrificed” many things in her life.

The 19-year-old explained that her life changed when she was awarded Miss Teen USA runner-up and was given the opportunity to take up the crown when UmaSofia stepped down.

She added: “In light of recent events, I have decided to decline the title of Miss Teen USA 2023. This was not an easy decision. I hope for respect of my choice as this was a decision I never asked to make. My word is my everything.”

In her announcement, Stephanie made her opinions on the previous winners extremely clear as she noted that she stood with them.

“In addition, although I don’t know what Uma and Noelia went through to lead them to resign, I am sending them immense love and support. What I do know is that my core values are integrity, honor, kindness, and most importantly, I will always stand for female empowerment,” she said.

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Columbia University Student Rips US Diploma At Commencement Ceremony In Solidarity With Palestine

Published

3 hours ago

May 14, 2024

Editor

A Columbia student has ripped up her diploma during a graduation ceremony, in a pro-Palestinian protest.

Tarsis Salome, a Columbia social work graduate, tore up her certificate while on stage, after weeks of protests at the university over investments linked to Israel.

Other students zip-tied their hands and showed pro-Palestinian signs.

This action by the students comes a fortnight after police were brought in to disband the occupation of a university building and close down an “encampment” on one of the institution’s lawns.

Columbia opted for a smaller graduation ceremony, cancelling its usual university-wide event, in anticipation of more protests.

A university spokesman said that ceremonies would be held at a sports complex five miles from the campus, due to security concerns.

Columbia, one of the elite group of Ivy League colleges, became the epicentre of a nationwide student protest movement last month, when students pitched tents on the university’s South Lawn.

The protest was copied at other institutions across the world, including Oxford and Cambridge, before being closed down by police.

Baroness Shafik, the British-American peer who serves as Columbia’s president, has called for a “healing” process. She refused student demands for Columbia to divest from Israel companies and cancel a planned foreign centre in Tel Aviv.