Sim Shagaya Net Worth: $40 Million Dollars

Sim Shagaya net worth

Sim Shagaya is a Nigerian businessman and entrepreneur with an estimated net worth of $40 million dollars. He is the business mogul and founder behind, one of West Africa’s most reliable, trusted and biggest e-commerce website.

He has shares in DealDey, a day-to-day deal website, and he’s also the CEO. Sim Shagaya made the Forbes’ list of 10 Most Powerful Men in Africa in 2014.

He has won a couple of prestigious awards including the Entrepreneur of the Year award at the 2013 CNBC and the Leadership CEO of the Year at The Leadership Conference/Awards.

Sim Shagaya was birthed in Nigeria and studied at the Nigerian Military School in the country.

Upon completing his elementary education at the Nigerian Military School, he went to serve in the Nigerian Army. Sim studied and rounded off most of his studies in the United States of America.

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He graduated from both Dartmouth College and George Washington University and obtained an MBA in 2000s from Harvard Business University.

Just before he went ahead to found both DealDey and Konga, he served as a banker at Rand Merchant Bank in South Africa. He got back to his country, Nigeria and in fall of 2005, in November, he established an advertising business known as E-motion which was more about billboard advertising.

He was also promoted as the Head of Google for Africa when he moved to Nigeria. Sim Shagaya has credited Hakeem Belo-Osagie as a cornerstone, and also the biggest impact in his career till date.

Like most successful people, Sim’s successful didn’t come in just one try. He had created a number of unsuccessful websites like Alarena and Gbogbo. The websites didn’t go far beyond the roof. He didn’t give up.

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DealDey, his first successful venture was officially launched in March 2011 after he tried to convince the board members of E-Motion, his Billboard company, to invest in it. On the 3rd of July in 2012, he founded Konga, utilizing funds from a Swedish investment organization.

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