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Gordon Ogada is BROKE. 230m SportPesa Winner
Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Rank: Member Joined: 1/22/2015 Posts: 682
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He's not broke if he spent most of it on cows and houses
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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This is a way of keeping off money hungry relatives and friends.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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The write-up itself is vague & contradictory. 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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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; Life is short. Live passionately.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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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; 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!
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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whiteowl wrote:This is a way of keeping off money hungry relatives and friends. I highly doubt this. Remember he has already built his relatives mansions in the village so clearly if he wanted to do so (keep them off) he would not even bother to give them a coin.
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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Quote:In a shocking revelation published by the Standard’s SDE, Ogada now says that he has nothing left, and sometimes goes without a dime in his pocket. How much more clearer than that can it get? When someone has monthly income from his investments worth 200+ mill surely they will not be crying that they do not have a dime in their pocket!
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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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!
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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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Rank: Member Joined: 2/10/2007 Posts: 13
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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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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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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’. Ouch. Unnecessary roughness!
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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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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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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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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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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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
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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; 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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Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
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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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Gordon Ogada is BROKE. 230m SportPesa Winner
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