This video features an interview with a successful woman in private equity in Lagos, Nigeria. The interviewer, who runs a channel with 24 million followers, asks her how she became rich. She reveals she has been in private equity for 12 years and manages $80 million. When asked for her number one money lesson, she shares a quote about persistence: "A river cuts through rock not because of its power but because of its persistence. 99% of success is refusing to take no for an answer." She elaborates that it took her 8 years to raise her first fund and that she faced rejection due to being young, Black, and a woman. Her advice is to "create your own table" if you're not given a seat. Regarding education, she states that a university degree is not necessary for private equity, emphasizing the importance of human connection instead. The interview then shifts to broader economic perspectives on Africa, specifically Nigeria. She highlights that while fear is priced into African markets, the upside is not, noting that by 2050, one in four people globally will be African, and Nigeria will be the third most populous country. She strongly advises investing in Africa. She identifies the informal economy as a significant, yet overlooked, $1 trillion opportunity, encompassing everyday vendors and sellers who may lack formal bank accounts. She suggests that businesses enabling this informal economy are poised for billionaire-level success. Finally, she shares her age (36) and her strong belief in God and Jesus as instrumental to her success.

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Excuse me, ma'am. Ma'am, I have a question for you. Stop. Please.

I have a channel with 24 million followers. I'm going all over Nigeria asking billionaires how they got rich. How did you get rich?

I'm in private equity.

You're in private equity?

I am.

How long have you been in the business?

For about 12 years now.

What was the most amount of money you made in a single year?

So, we manage about $80 million now.

Did you say 80 million?

80 million. Yeah.

Can I interview you for one minute? I I'm going all Is that okay?

You managed $80 million. What's the number one money lesson you've learned that you would give to the younger generation?

So my favorite quote is a river cuts through rock not because of its power but because of its persistence. 99% of success is refusing to take no for an answer.

So you faced a lot of rejection.

A lot of rejection. It took me 8 years to raise my first fund. 8 years. People always told me that I couldn't make it in private equity because I was young, I was black, and I was a woman. If someone is not going to give you a seat at that table, create it yourself.

Did you go to college?

Of course I went to university.

Do you need a degree to get into private equity?

Oh no. Hell no. You don't need a degree to get into private equity.

Why not?

All you need is human connection.

What country are we in right now?

We're in Nigeria. You're here in Lagos.

And what is the biggest misconception people around the world have about Africa as a whole?

So the fear is priced in, but the upside is not. One in four people by 2050 will be African. In 2050, Nigeria will be the third largest country in the world by population. If you're not investing in Africa, you should be.

What is the best industry people should be looking to get into right now?

I'm a big proponent of the informal economy. It's a $1 trillion opportunity.

Informal economy. So that is the women in the streets that are selling you your milk, your bread, your coke, your water. They don't have a formal bank account, but it's a $1 trillion opportunity and nobody's talking about it.

Nobody's talking about it. If you find businesses that are enabling the informal economy, you'll be a billionaire.

You're how old today?

I'm 36.

Do you believe in God?

Of course I believe in God. I believe in Jesus. Without him and without the doors that he opened, there's nowhere I'm standing here talking to you today.

Can I tell you something?

Tell me.

You have amazing advice.

Thank you.

And I connect with all the millionaires and billionaires I interview. Could I get your contact?

For sure.

She Manages $80 MILLION in Private Equity 🤯

>> How long have you been in the business?

>> A lot of rejection. It took me 8 years

>> Do you need a degree to get into private

>> Oh no. Hell no. You don't need a degree

>> We're in Nigeria. You're here in Lagos.

>> So the fear is priced in, but the upside

>> What is the best industry people should

>> Informal economy. So that is the women

>> Nobody's talking about it. If you find

>> Of course I believe in God. I believe in

>> Can I tell you something? Tell me. You

>> And I connect with all the millionaires

Excuse me, ma'am. Ma'am,
>> question for you. Stop.
Please. I
>> I have a channel with 24 million
followers. I'm going all over Nigeria
asking billionaires how they got rich.
How did you get rich?
>> I'm in private equity.
>> You're in private equity?
>> I am.
>> How long have you been in the business?
>> For about 12 years now.
>> What was the most amount of money you
made in a single year?
>> So, we manage about $80 million now.
>> Did you say 80 million?
>> 80 million. Yeah.
>> Can I interview you for one minute? I
I'm going all Is that okay?
>> You managed $80 million. What's the
number one money lesson you've learned
that you would give to the younger
generation?
>> So my favorite quote is a river cuts
through rock not because of its power
but because of its persistence. 99% of
success is refusing to take no for an
answer.
>> So you faced a lot of rejection.
>> A lot of rejection. It took me 8 years
to raise my first fund. 8 years. People
always told me that I couldn't make it
in private equity because I was young, I
was black, and I was a woman. If someone
is not going to give you a seat at that
table, create it yourself.
>> Did you go to college?
>> Of course I went to university.
>> Do you need a degree to get into private
equity?
>> Oh no. Hell no. You don't need a degree
to get into private equity. Why not?
>> All you need is human connection.
>> What country are we in right now?
>> We're in Nigeria. You're here in Lagos.
>> And what is the biggest misconception
people around the world have about
Africa as a whole?
>> So the fear is priced in, but the upside
is not. One in four people by 2050 will
be African. In 2050, Nigeria will be the
third largest country in the world by
population. If you're not investing in
Africa, you should be.
>> What is the best industry people should
be looking to get into right now?
>> I'm a big proponent of the informal
economy. It's a $1 trillion opportunity.
>> Informal economy. So that is the women
in the streets that are selling you your
milk, your bread, your coke, your water.
They don't have a formal bank account,
but it's a $1 trillion opportunity
>> and nobody's talking about it.
>> Nobody's talking about it. If you find
businesses that are enabling the
informal economy, you'll be a
billionaire.
>> You're how old today?
>> I'm 36.
>> Do you believe in God?
>> Of course I believe in God. I believe in
Jesus. Without him and without the doors
that he opened, there's nowhere I'm
standing here talking to you today.
>> Can I tell you something? Tell me. You
have amazing advice.
>> Thank you.
>> And I connect with all the millionaires
and billionaires I interview. Could I
get your contact? For sure.

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She Manages $80 MILLION in Private Equity 🤯

Transcription