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Gordon Ogada is BROKE. 230m SportPesa Winner
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Angelica _ann
#11 Posted : Saturday, October 06, 2018 12:58:12 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
MugundaMan wrote:
Angelica _ann wrote:
The write-up itself is vague & contradictory.


I think Ogada himself is the vague one because he does not want to admit he blew the money and other than his mansion and the parents mansion plus a few cars, no other "investments here and there" exist!
A brand new Range Rover costs well over 10 metre. He probably bought 5 of these types of pieces of metal alone. Then the house in a nice burb in Nairobi could easily eat up 120 metre depending on where. The mansions in shaggz and cows probably "ate" another 20 metre. The rest was blown on "raha" and clothes. So please believe him when he says he has no dime left!


That is exactly what i am saying and i think everybody else. From that article you cannot deduce anything. It was upto the 'journalist' to prod and get the facts rights, which s/he didnt, thereby making the article fake news. As @alma will tell this is some sleazy lazy journalist who was paid 10k by Ogada to advance this story that he is broke to shake of 'beggars'. He would have gone into details on the cost (not value) of the so called 'assets' if he was serious. If you can believe that article, then i have no words for you, not even worth kufunga nyama. Ni hayo tu.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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cd04
#12 Posted : Saturday, October 06, 2018 1:57:05 PM
Rank: Member

Joined: 2/10/2007
Posts: 13
sparkly wrote:


If I won 230M I would spend it as follows:

1. Travel the world - 30m;
2. Give to various Charities - 10m;
3. Ostentation (housing, cars and other luxuries for self, family) - 50m;
4. Liquid Investments - 50m;
5. Illiquid Investments - 90m;


This is exactly why you would end up broke. You have just listed how you would “get rid” of the money as quickly as possible, as though having it with you would burn a hole in your side.

If you have never earnt a million, you cannot keep a million. Keeping money is even harder than making money. All those ‘investments’ people make end up losing the most money, even better spend it on ‘raha’.
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MugundaMan
#13 Posted : Saturday, October 06, 2018 2:11:32 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
cd04 wrote:
sparkly wrote:


If I won 230M I would spend it as follows:

1. Travel the world - 30m;
2. Give to various Charities - 10m;
3. Ostentation (housing, cars and other luxuries for self, family) - 50m;
4. Liquid Investments - 50m;
5. Illiquid Investments - 90m;


This is exactly why you would end up broke. You have just listed how you would “get rid” of the money as quickly as possible, as though having it with you would burn a hole in your side.

If you have never earnt a million, you cannot keep a million. Keeping money is even harder than making money. All those ‘investments’ people make end up losing the most money, even better spend it on ‘raha’.



Laughing out loudly Laughing out loudly Laughing out loudly
Ouch. Unnecessary roughness!
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  | | Edit by user: Saturday, October 06, 2018 2:12 PM | Reason: Not specified
Gathige
#14 Posted : Saturday, October 06, 2018 2:11:45 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
He Just want to keep away relas and other hangers-on. There is some level of cash you get and even the cash itself does not want to leave you.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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Chaka
#15 Posted : Saturday, October 06, 2018 2:14:58 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
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MugundaMan
#16 Posted : Saturday, October 06, 2018 2:20:40 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Gathige wrote:
He Just want to keep away relas and other hangers-on. There is some level of cash you get and even the cash itself does not want to leave you.


This part is what makes me highly doubt this:

Quote:
Of course. I may have made a few mistakes here and there. But largely, I did fine. I think I would be more responsible.”
And when asked how much he is worth, five months after joining the millionaires club, Gordon Ogada said:

“I can only count my properties (*2 mansions in the village & one in Nairobi*) for now. I don’t have money seating (sic) somewhere. That alone worries me at times. It is especially difficult convincing relatives and friends that I don’t have money in my pockets. They don’t understand. No one seems to understand. But I do, and that’s what matters for now.” Gordon Ogada says he still bets, and hopes to win again with SportPesa.

“I have intensified my football match analyses in a bid to win another jackpot. This time round, I will be more responsible with my spending,” he said, adding: “I have no immediate plans of stopping. I hope to win again someday.”
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Angelica _ann
#17 Posted : Saturday, October 06, 2018 2:46:02 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
So the journalist wrote what Ogada told him but doesn't have the intelligence to dig deeper from other sources apart from the 'victim'. Come on this is third rate journalism.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Lolest!
#18 Posted : Saturday, October 06, 2018 2:47:06 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
I first heard about this guy being broke(or is it the other one? A guy from Kasarani) last year

Ati the guy went to Casinos in SA
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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maka
#19 Posted : Saturday, October 06, 2018 2:47:38 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
sparkly wrote:
He isn't broke. Even if he invested 100m only and makes 10% return per annum, he Will have an income of almost 1m per month which is more than enough to live an affluent life in Kenya.

If I won 230M I would spend it as follows:

1. Travel the world - 30m;
2. Give to various Charities - 10m;
3. Ostentation (housing, cars and other luxuries for self, family) - 50m;
4. Liquid Investments - 50m;
5. Illiquid Investments - 90m;


Buy an IFB that would earn me 12.5% tax free per annum... That's... 28750000...2.395m per month....

Pay myself 1.395 pm.... Reinvest 1m every month... 500k to the primary for that month... 500k to scom shares.... Wash.... Rinse...Repeat...
possunt quia posse videntur
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MugundaMan
#20 Posted : Saturday, October 06, 2018 2:52:39 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
maka wrote:

Buy an IFB that would earn me 12.5% tax free per annum... That's... 28750000...2.395m per month....

Pay myself 1.395 pm.... Reinvest 1m every month... 500k to the primary for that month... 500k to scom shares.... Wash.... Rinse...Repeat...



Hii ni hesabu ngumu for Gordon, jameni. Come shrowry.
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