Founding Y Ventures Karim opted to return to school for his master's degree hence the smaller stake in YouTube. After his father's death, he moved with his siblings to England at the age of 14, where he studied management, finance and later obtained an MBA. Shocked beyond disbelief, Kola, who saw this as the height of treachery, was said to have vowed to deal with his brother accordingly. As of 2023, he has an approximate net worth of $310 million. Kola Karim becomes Agbaoye of Ibadan land The Nation January 29, 2021 Oladapo Sofowora AFTER the passing away of Harry Akande on December 5, 2020, at the age of 77, the race for who succeeds. 7,330 executive movements have been recorded in the last 12 months. He is well connected but doesnt like to make noise. Agbaoye of Ibadanlan is the highest honorary traditional title in the ancient town and the last personage to be so honoured with the title and its responsibilities was the late Chicago billionaire and one-time Presidential aspirant, Chief Harry Akande. In 2012, a tapestry by Ghanaian artist El Anatsui, New World Map, broke records, fetching more than 500,000. In the Oil & Gas industry, Kola Karim has 21,628 colleagues in 1,571 companies located in 104 countries. Private plane, that is. He, in turn, visits the UK once or twice a month. Kola Karim, chief executive officer of Shoreline Natural Resources Ltd., a Nigerian oil company, [+] pauses during the Milken Institute London summit in London, U.K., on Tuesday, Oct. 28, 2014. The magnitude of its impact is far-reaching, and when you start to look at it as more than a transport initiative, you will see how laudable a project it is. Prior to joining Shoreline Natural Resources Limited, he was the Head of Upstream Oil and Gas with Guaranty Trust Bank Plc where he oversaw key relationships with International, and Indigenous Oil Companies. His height is 1.73 m tall, and his weight is 67 kg. His mother is in business development, his father in construction. (Photo by Ben Gabbe/Getty Images for TIME), By night, its traditional oligarch turf what Vedelago describes as your Hakkasans, your Nobus and your Ciprianis that are the places to be seen. Pythagoras located on the popular Felele Junction in Challenge area of the city is specially built not just as a lounge but it is also embedded with everything entertainment, ranging from food, drinks, grills, gaming shop and unisex salon , among others. General Counsel And General Manager Legal & External Communications, General Manager, Human Resources And Corporate Services, Copyright 2014 Shoreline Natural Resources. According to Celebrity Net Worth, his worth is approximately $300 million. School, Falomo, Ikoyi Lagos and his secondary education at the Metropolitan This is just the beginning, there is still a lot more to come on stream. There, it was obvious to all that the billionaire had a commanding sense of hospitality, as the gaily dressed guests were treated to continental, Chinese and local delicacies and expensive wines. He is also one of Nigerias most successful businessmen. Karim and Vedelago emphasise the pride taken by many expats in their home culture. Otedola is a style blogger, aspiring designer and the youngest daughter of energy tycoon Femi Otedola, one of Nigerias richest men, whose dealings in the oil and gas sector have made him an estimated 650m. We're accepting new partnerships right now. A former managing director of the NNPC, Barkindo was appointed OPEC Secretary-General in 2016. Penny Mosgrove, CEO of Quintessentially Estates, whose clients pay from around 500 a month for their home management service which can encompass anything from setting up Sky contracts and parking permits, to stocking the fridge and turning the heating on says shes been asked to bubble-wrap trolley-loads of Waitrose and Marks & Spencer goodies to be packed and taken back to Africa by plane. Tobi Karim Joins the board of SNRL with valuable experience in critical ESG and Climate related matters specific to the enterprice and board level decision making. or her 18th birthday last year Temi Otedola wanted to celebrate in style. Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around the world. Net worth provides a snapshot of an entity's. Want to be notified when our article is published? He owns 137,443 shares of stock of youtube that if sold today by Google are worth over $140 million. APC: Electronic Transfer of Results Complaints Not Supported By Law, SCourt Declares Old Naira Notes Valid Till December 31, Buhari: I will End Insecurity Before Bowing Out, Breaking: 7 PDP States Discontinue Suit Against FG Challenging Declaration of Tinubu as President-elect, Buhari Leaves for Qatar to Attend UN Conference on Least-developed Countries, FG, UNICEF Urge Broadcast Organisations to Prioritise Children Programmes, Makinde: Why Oyo Residents Supported Tinubu, Afenifere Urges Tinubu Not to Disappoint Nigerians. We are excited to be embarking on this journey with Lagos State and must commend their foresight and willingness to forge a template for others to follow. Ayodeji, a businessman-turned politician, had extensive training in the military from the British Army. She is also a founding member of GAIA, Africa. Check your inbox now to confirm your subscription. YouTube's co-founders are Steve Chen and Jawed Karim, who established the popular video-sharing platform in 2005. To Britains luxury industry predicted to be worth 12.2bn by 2017 Africas burgeoning elite is a tantalising prospect. His current portfolio consists of; Construction, Commodities Trading, Agro-allied Products, Oil and Gas, Engineering and Power. He had his primary education at St. Georges Boys The theme was Moulin Rouge (it was either that or Great Gatsby, she says, but she loves all things Paris) and guests were treated to a three-course meal, a performance by cabaret troupe It Girls and a DJ set by her 22-year-old sister Florence (aka DJ Cuppy), who played at Nigerian President Muhammadu Buharis inauguration gala last month. This small stake was large enough that he received almost 137,443 share, worth approximately $64 millions, at the closing of Google famous acquisition of YouTube. Jan 1997 - Present26 years 1 month. September 21, 2018. Opinions expressed by Forbes Contributors are their own. He climbed the ladder one step at a time until he attained his well-deserved affluence. Property king: Richard Vedelago, MD of property firm Wrothams and Windsor (Picture: Neale Haynes), Party hour: Mahiki is a favourite with African expats (Picture: Chris Jackson/Getty Images), You must be at least 18 years old to create an account, Must be at least 6 characters, include an upper and lower case character and a number, I would like to be emailed about offers, events and updates from Evening Standard. He was the fourth Nigerian to hold that position and the 28th person in the role overall. Management (TQM). During the last two decades, Tunde has developed an extensive network amongst the various stakeholders in the Nigerian oil and gas industry including regulatory bodies, operators, traders, and service providers, these relationships provide him with a unique insight that enables him successfully navigate the complexities of the Nigerian energy industry on behalf of SNRL. He has attended several leadership and finance-specific courses from top-class institutions including Ross Business School, the University of Michigan, and the International Faculty of Finance (IFF). The new Agbaoye, a huge but silent philanthropist, hosted guests to a top notch reception at the popular Jogor Centre-and as expected, it was well-attended. Jawed Karim was there with Youtube right from the first ever Youtube video uploaded, the revenue of which was last estimated to be over $28.80 billion in 2021. Fifty-two year old Kola is the Chairman of Shoreline Natural Resources Ltd., the third largest indigenous oil explorations company in Nigeria and owner of a 45% participating interest in OML 30. The total net worth of Mr. Karim Benzema is estimated to be $75 Million. He was GMD of the NNPC between 2009 and 2010. The controversial US oil plan explained, Trio of Americans who tried to smuggle drugs through Heathrow jailed. Kola Karim, chief executive officer of Shoreline Natural Resources Ltd. So her family hired One Mayfair and threw a bash none of the 180 guests would forget. Get the latest creative news from FooBar about art, design and business. The colleagues of Kola Karim. AYO KARIM is a Through their various investments, primarily in Oil & Gas and Construction, the extremely private pair has grown to own a slew of other juicy business concerns. There are currently 55, according to African financial magazine Ventures. Reports claim that his father's vast wealth was . Apart from his career games, Karim also earns through his multiple brand endorsement deals. Shoreline Natural Resources pumps 55,000 barrels of oil per day and holds an estimated one billion barrels in crude reserves. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Announcing the results, Ohu, said Abiodun scored 1,168 votes, while other aapirants, did not secure any vote, saying that two votes were voided. Under the new venture, Mota-Engil will hold 51% of Mota-Engil Nigeria, while Shoreline will own the remaining 49%. He is a member of the Institute of Directors, Nigeria. Lara is a graduate of Kings College London where she holds a Master of Laws (LLM) in Commercial/Corporate Law. Shoreline Energy International, an industrial conglomerate owned by Nigerian tycoon Kola Karim, has acquired a 51% stake in Entrepose DBN, a leading provider of constructionandmechanical services to IOCs, NOCs and junior oil companies in Nigeria. She speaks English and French fluently. Mr. Karim has built shoreline over the past 20 years into a leading integrated energy company with operating assets in the upstream, midstream, and downstream . Its a very aspirational culture, says 31-year-old Richard Vedelago (pictured, previous page), co-founder of property firm Wrothams and Windsor, which specialises in pairing up luxury homes in the capital with buyers in West Africa. We look forward to a very robust and fruitful partnership.. Not for nothing is Nigeria the worlds second fastest-growing champagne market after France: Were a social, outgoing society.. Today, that number of shares would be valued at more than $390 . Both countries are members of the Commonwealth, English is widely spoken and traditional British pursuits such as polo and yachting are popular among society figures. December 2, 2022 To Nigerian businessman and oil mogul, Orikolade Karim, Managing Director, Shoreline Energy, November 24 of every year is a day worth celebrating, as it signifies the beginning. Over the course of her career, she has held senior management and executive management positions across various portfolios which include corporate affairs, business development, share registration, corporate banking and human resources management; across diverse industries, including construction, finance, banking and energy. His death confirms the old saying of a thin line separating life from death. Each email has a link to unsubscribe. Kola Karim: chairman, Shoreline Energy. YouTube was once just an idea that came from the mind of a man named Jawed Karim. sword and fairy 7 how to change language. KOLA KARIM joins 245 leading executives, public figures and intellectuals-all age 40 or younger- chosen from around the world. His principal asset, Shoreline Natural Resources, is the third largest indigenous oil producer in Nigeria. Mohammad Sanusi Barkindo has again brought to the fore what difference a few hours coiuld make between life and death. Africas richest man, commodities tycoon Aliko Dangote (worth more than 10bn), is believed to own a home in Kensington Palace Gardens, where his neighbours include the Sultan of Brunei and Lakshmi Mittal, and is currently eyeing up Arsenal Football Club. As the CEO of Shoreline Energy International, a patron for African Art and a fearsome member of Lagos Polo team, Kola Karim is at the forefront of Africa's development. 9:0017:00. capital gains tax on $1 million dollars The colourful and cultural installation ceremony was held at the impressive Palace of the Olubadan amidst a lot of drumming, singing and fanfare. Kola Karim, 49, is one of Nigeria's most successful businessmen. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. One's owned by Cuppy's father, Femi Otedola -his net worth is an estimated 2.2bn - and the other belongs to Aliko Dangote, Africa's richest man, with a net worth of 10.1bn via a conglomerate ranging from cement to sugar refining by way of oil. $25 per post at a $5/CPM. His speech earned him a standing ovation. Shorelines existing assets have proven reserves of 1.2bn barrels and 2tcf of gas reserves Onshore Nigeria. Oramah is overseeing a significant increase in the bank's financing activities. He then moved on to work for a top UK organization, H.K Beaumont & Associates as a part of the senior management team. A proven team leader who successfully integrates strategic thinking with strong technical and analytical competencies, Funmi has been responsible for a broad range of initiatives aimed at optimizing business processes and the development, deployment, and support of new systems and processes. People take you seriously because youve got the spending power, says Vedelago. Call us now: 012 662 0227 very faint line on covid test. If you are in doubt, you would have a rethink when you check out the alleged smoldering war between these two brothers, Kola and Ayodeji Karim. These include, possessing a minimum annual turnover of $500 million for 2016 and net worth of $250 million for 2016, apart from having the 2015 & 2016 audited accounts. Source - Wikipedia. Kola, on the other hand, is the Group Managing Director and Chief Executive Officer of Shoreline Energy International Nigeria, a conglomerate with interests that span oil and gas, power. Net worth is a quantitative concept that measures the value of an entity and can apply to individuals, corporations, sectors, and even countries. She is an alumnus of the Advanced Management Program at Harvard Business School and the Women on Boards Program at IE Business School. Nigerias GDP grew by around 6-7 per cent, compared with the UKs 2.6 per cent. He has worked in various technical and operations management roles. When I started at Bombardier in 2001, so almost 20 years ago, there were a lot of lighter jets selling on the market and if you looked at the model mix, they were . By signing up, you agree to the our terms and our Privacy Policy agreement. It speaks to the energy and zeal of both organizations, and that is commendable. Mohammad Sanusi Barkindo, the Secretary General of the Organisation of Petroleum Exporting Countries, OPEC. We are working through this pandemic helping people in need with delivery. When YouTube was sold to Google, he received 137,443 shares of Google stock in exchange for his ownership of the company. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. Meanwhile, Africas growth story continues its been predicted that the number of ultra-high-net-worth individuals will rise by 53 per cent in the next decade. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share TED-like experience. Like him, his wealthy clients have multiple bases. There he used to work on 3D voxel data management. 46, Industrial Avenue Ilupeju, Lagos, Nigeria. Photographer: Simon [+] Dawson/Bloomberg. Soon to begin a degree in history of art at University College London, she splits her time between the familys expansive Knightsbridge apartment, where she lives with her mother Nana, and Lagos, the former Nigerian capital, where her fathers business is based. He holds a degree in Biochemical Engineering B.Eng (Hons) from the University College of Wales, Swansea and a Post Graduate Diploma, Entrepreneur Practice from the University of Wales Glamorgan, Treforest, South Glamorgan. Its not hard to see Londons appeal to these newly minted power players. She also worked with University College London (UCL) on two innovation-focused projects. The past decade has seen an explosion in finance, property and telecoms. But its not all one-way traffic. July 16, 2018 Shoreline Group, a Nigerian energy and industrial conglomerate controlled by Nigerian multi-millionaire Kola Karim, has formed a joint venture with Mota-Engil, a pubic listed Portuguese contractor with a strong presence in southern Africa. He wrote: We had many conversations and speeches together yesterday but this wasnt one of them. Your source for the lifestyle news. kola karim net worth. Kola Karim, one of Nigerias most successful entrepreneurs, is the founder of Shoreline Energy International, a leading industrial group focused on energy and engineering investments in Sub Saharan Africa. Copy. Tunde joined John Churchill & Co, London as a Stock Analyst and Valuer shortly after his graduation. Ayo The Nigerian community here already numbers more than 100,000 and the Ghanaian more than 50,000. The last of the Karim Brothers is Tunde Karim. Through the signing of this MoU, we are revolutionizing the landscape of mobility by pioneering e-mobility in Lagos. His career goes far back as 1988 when he started work at Guardian Royal Exchange UK as a trainee just after he graduated from City University, London. 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