Read This: Two Nigerians Named on Forbes List of 10 Young African Millionaires To Watch Out for in 2014

Forbes released its annual list of young African Millionaires to watch out for this year. Not surprisingly, 2 Nigerians; luxury designer Alexander Amosun and Sim Shagaya made it on the list sitting at positions 2 and 4 respectively. Find the full list below and continue to read what Forbes had to say about them. 

1) Ally Edha Awadh,Tanzania 
Age: 32 
Source: Energy distribution & transportation 
2) Alexander Amosu,Nigeria 
Age: 38 
Source: Luxury Accessories 


3) Mohammed Dewji,Tanzania 
Age: 39 
Source: Manufacturing 

4) Sim Shagaya,Nigeria 
Age: 38 
Source: E-Commerce 


5) Dennis Makori,Kenya 
Age: 34 
Source: Telecom Services 


6) Adii Pienaar,South Africa 
Age: 29 
Source: WordPress Themes 


7) Colin Thornton, South Africa 
Age: 34 
Source: Computer Services 


8) Mike Macharia, Kenyan 
Age: 36 
Source: Seven Seas Technologies 


9) Ken Njoroge, Kenya 
Age: 38 
Source: Mobile technology 


10) Bethlehem Tilahun Alemu,Ethiopia 
Age: 34 
Source: Shoes 

Alexander Amosun: 
He's Africa's foremost high-end luxury designer. He is the founder of Amosu Couture, a company that custom-designs and sells diamond-encrusted mobile phones, iPads, headphones and other accessories. Amosu made his first million at age 24 by informally selling ring-tones to mobile phone subscribers in the United Kingdom. 

Buoyed by the success of this venture, he founded RnB ringtones, a company which grossed over $1.5 million in its first year of operations. He sold the company in 2004 for $15 million to a British mobile value added services provider and used the funds to setup Amosu Couture. His wholly-owned Kamson Luxury Group publishes the Nigerian edition of British celebrity magazine, Ok! 

Sim Shagaya; 
The Harvard MBA and serial entrepreneur is the founder is Konga.co m, Nigeria's largest e-commerce company. Konga, which Shagaya founded in July 2012, has raised more than $38 million from investors such as Kinnevik and South African media giant, Naspers. Prior to founding Konga, Shagaya founded Dealdey, Nigeria's leading group-buying e-commerce site, and E-Motion, an outdoor advertising company.

source: forbes