Businessman loses R79k in a day after making 3 times his capital

Businessman loses R79k in a day after making 3 times his capital

- A Nigerian man identified as Adeola Owosho has shared a how his business went south in 2018 and he lost close to R80 000

- Owosho, who said he almost got depressed after losing the money, disclosed he had borrowed R21 000 from his father to start the business

- According to him, after making three times his capital in a few months, he lost it all in a day

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A man, who hails from Nigeria, opened up about how he lost R79 102 while doing business and almost got depressed.

Owosho, who took to his LinkedIn page to make the disclosure, said he borrowed R21 000 from his father to go into a business he started learning while he was in his final year.

According to him, he made three times his capital in a few months but lost it all in a day, which was on May 29, 2018.

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The young man, however, did not disclose the type of business that cost him the money, but promised to talk about it someday.

Nigerian man loses N1.8m in a day after making 3 times his capital
Adeola Owosho. Photo credit: Adeola Owosho/LinkedIn
Source: UGC

He said despite the failure, he kept his head up high and learnt the greatest lessons of his life that will forever guide his path.

Owosho wrote:

"Sometimes it is best to fail early in life. That way you learn vital truths that open your mind."

The young man advised people to pray to fail early. previously reported an unemployed security guard from Armadale, Australia, has turned a millionaire overnight after winning AUD 5.8 million.

The man whose name was not mentioned for security reason is said to be in his late 20s. The young man had fallen on hard times due to the coronavirus pandemic.

The man was buying groceries for his three-year-old daughter when he saw the Lotterywest sign and decided to buy a ticket.

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In other news, a young man, who was only identified by his Twitter handle @Ta_Fitty, showed off the birthday gift he bought for himself.

On Wednesday, @Ta_Fitty shared photos of the new Volkswagen he purchased to celebrate the special day.

The post quickly gathered thousands of reactions and South Africans wished @Ta_Fitty a happy birthday.

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