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Gordon Ogada is BROKE. 230m SportPesa Winner
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Plot twist:
He isn't broke. He just has so many people asking him for money and got tired of it, so he plainly says "I've got no money left"
Or he can have multiple assets, and minimize on actual cash holdings. That way whenever asked about money, he says "I have bought that house over there, so no more money is left"
Otherwise if you keep bragging how rich you are people will leech onto you and milk you dry. The only people who survive that are those who have access to unending money supplies (cc. GoK offices). Let them see your assets. It's none of their business how much cash you actually have.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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The guy must have paid like 69M to the tax man leaving him with 161M? maka wrote: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...
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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rwitre wrote:Plot twist:
He isn't broke. He just has so many people asking him for money and got tired of it, so he plainly says "I've got no money left"
Or he can have multiple assets, and minimize on actual cash holdings. That way whenever asked about money, he says "I have bought that house over there, so no more money is left"
Otherwise if you keep bragging how rich you are people will leech onto you and milk you dry. The only people who survive that are those who have access to unending money supplies (cc. GoK offices). Let them see your assets. It's none of their business how much cash you actually have. More evidence that he blew the money and besides the three mansions, now has zero: https://hivisasa.com/pos...0m-jackpot-winner-broke
Quote:Four months after winning Sh230 million Sportpesa Mega jackpot, Gordon Ogada says he is now broke.
Ogada who won the highest cash prize since the introduction of the mega jackpot by Sportpesa said he was ashamed of the way he spent the cash.
Ogada, the father of two after winning the mega jackpot, was captured dishing out money to cheering crowds in Kibera, where he had been living.
He said that he spent the money in investments, buying a house in Nairobi and a few cars which drained his money.
“After this kind of spending, I honestly feel embarrassed because sometimes I don’t even have a dime. I am no longer able to help my friends and relatives financially. They think I have loads of cash, when, in real sense, I don’t have money floating around.”
“I bought a house here in the city and a few cars, besides other investments here and there. All these cost millions. I’m literally drained of course. I might have made a few mistakes here and there. But largely, I did fine. I think I would be more responsible,” Ogada said during an interview with the Nairobian.
The previous Mega Jackpot winner, Samuel Abisai who won Sh221 million has invested his money in businesses.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Chaka wrote:The guy must have paid like 69M to the tax man leaving him with 161M? maka wrote: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... There was no tax then and i think even now there is none. At least for sports betting as far as i know. 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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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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MugundaMan wrote:rwitre wrote:Plot twist:
He isn't broke. He just has so many people asking him for money and got tired of it, so he plainly says "I've got no money left"
Or he can have multiple assets, and minimize on actual cash holdings. That way whenever asked about money, he says "I have bought that house over there, so no more money is left"
Otherwise if you keep bragging how rich you are people will leech onto you and milk you dry. The only people who survive that are those who have access to unending money supplies (cc. GoK offices). Let them see your assets. It's none of their business how much cash you actually have. More evidence that he blew the money and besides the three mansions, now has zero: https://hivisasa.com/pos...0m-jackpot-winner-broke
Quote:Four months after winning Sh230 million Sportpesa Mega jackpot, Gordon Ogada says he is now broke.
Ogada who won the highest cash prize since the introduction of the mega jackpot by Sportpesa said he was ashamed of the way he spent the cash.
Ogada, the father of two after winning the mega jackpot, was captured dishing out money to cheering crowds in Kibera, where he had been living.
He said that he spent the money in investments, buying a house in Nairobi and a few cars which drained his money.
“After this kind of spending, I honestly feel embarrassed because sometimes I don’t even have a dime. I am no longer able to help my friends and relatives financially. They think I have loads of cash, when, in real sense, I don’t have money floating around.”
“I bought a house here in the city and a few cars, besides other investments here and there. All these cost millions. I’m literally drained of course. I might have made a few mistakes here and there. But largely, I did fine. I think I would be more responsible,” Ogada said during an interview with the Nairobian.
The previous Mega Jackpot winner, Samuel Abisai who won Sh221 million has invested his money in businesses. The 2 articles you have quoted are similar both plagiarized from the fake Standard. Nothing news just kuongeza chumvi here and there. 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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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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obiero wrote:MugundaMan wrote: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; But this is exactly what the article says he did NOT do  He built grand mansions in the village for the relatives that can never be rented out to anyone for income, bought them cows, one grand mansion for himself to live in that pays him no rent, and a fleet of cars to drive nywee on the roads with. Where does it say anything is paying him any income? He himself says he does NOT have any income despite the massive winnings! Pesa ya gambling iko na laana i heard that he lost a bit in those cash in transit scams. just a rumour, mind.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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’. I view money as a means not an end. We all have different priorities and perhaps you should tell us how you would not "get rid" of that kind of money. Life is short. Live passionately.
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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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; You are only missing two important things after winning such cash 1. Tithe/ kutoa sadaka (thanks giving) - 5M 2. Slayqueen miscellaneous -5M I work so I can afford the amount of alcohol required to continue going to work
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Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
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For that kind of money...
Tythe a MUST
Buy a nice home in super kitisuru where the sonkoz of Nairobi live
Super retirement plan for my mother
Buy several apartments for rental income
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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From the article, the guy isn't broke. He just made sure he tied his money in long term investments. Nice way to ward off relatives and friends
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ryko wrote: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; You are only missing two important things after winning such cash 1. Tithe/ kutoa sadaka (thanks giving) - 5M 2. Slayqueen miscellaneous -5M Both are covered under no.2 perfectly. 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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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:Ryko wrote: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; You are only missing two important things after winning such cash 1. Tithe/ kutoa sadaka (thanks giving) - 5M 2. Slayqueen miscellaneous -5M Both are covered under no.2 perfectly. Tithe/ Sadaka is covered under the Charities. The two charitable causes close to my heart are Education and spread of religion (partly because of the Churches' work in education, health and poverty eradication). Slayqueen manenos hapana taka  Life is short. Live passionately.
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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He could have met some serious attacks from the sophisticated thieves of this world.
He could be a nice target. Anyway, who wants such new money?
It's easy really. Just make him come with a convincing show of poverty because he needs to 'readjust'. So papers are signed about a highly Iliquid- let's do 'solid' portfolio.
Na mganga kutoka Togo aeke back up. Kwisha maneno.
In the short term he'll say to himself, 'I'm just pretending'.
When he tries something later, he's told: 'we plead insanity for you bro...'
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Rank: Member Joined: 1/22/2015 Posts: 682
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Ryko wrote: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; You are only missing two important things after winning such cash 1. Tithe/ kutoa sadaka (thanks giving) - 5M 2. Slayqueen miscellaneous -5M Kenyan men kweli tumerogwa. You can be worth 200m and you still want to spend 5m in the hopes that jobless slay queens will spend some nights with you? Boss when you're worth that much you should just live an awesome life and let the slay queens be the ones to wish they could spend even one night with you
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Kate_Mbarire wrote:
For that kind of money...
Tythe a MUST
The church would not take the proceeds of gambling/betting. Gambling is a sin.
Buy a nice home in super kitisuru where the sonkoz of Nairobi live
That will cost 100m.
Super retirement plan for my mother
Buy several apartments for rental income
10 apartments each @13m and the cash is finished. Seems like 230m is pesa kidogo sana.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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hardwood wrote:Kate_Mbarire wrote:
For that kind of money...
Tythe a MUST
The church would not take the proceeds of gambling/betting. Gambling is a sin.
Buy a nice home in super kitisuru where the sonkoz of Nairobi live
That will cost 100m.
Super retirement plan for my mother
Buy several apartments for rental income
10 apartments each @13m and the cash is finished. Seems like 230m is pesa kidogo sana.
Reality itembee
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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hardwood wrote:Kate_Mbarire wrote:
For that kind of money...
Tythe a MUST
The church would not take the proceeds of gambling/betting. Gambling is a sin.
Buy a nice home in super kitisuru where the sonkoz of Nairobi live
That will cost 100m.
Super retirement plan for my mother
Buy several apartments for rental income
10 apartments each @13m and the cash is finished. Seems like 230m is pesa kidogo sana.
Tythe a MUST The church would not take the proceeds of gambling/betting. Gambling is a sin. They say money changes character when it changes hands. Once the gambler from his sins makes cash, when he transfers to another party its safi kama pamba. That's why KRA is pursuing "thieves" to pay tax from their former ways. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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https://www.standardmedi...208-million-lottery-win
From this article, your broke Oguda >>>>>> Present at the ceremony yesterday was Gordon Ogada, who in February won the biggest amount in SportPesa history by taking home Sh230,742,881. Ogada advised Korir to use the money wisely. “I invested my money in real estate, but I can advise that you do not rush to buy houses in Nairobi since they could be brought down the next day,” said Ogada. 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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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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