Nigerian pre-teen, Muhammed Awal Mustapha, aka Mompha Junior, is being dubbed the ‘world’s youngest billionaire’ at just 10 years old.
He’s the only son of wealthy internet celebrity, Ismailia Mustapha, aka Mompha Senior.
But with millions already to his name, his father claims Mompha Junior already “paid his dues in full”.
READ MORE! This is why buildings in NYC’s incredible Billionaires’ Row are half empty
He even gifted his son a mansion on his birthday saying he’d “earned it”.
And that wasn’t his first expensive home.
He was bought his first mansion at the age of just six and, like most billionaires, owns other lavish properties.
His dad called him the “youngest landlord who wears Gucci and still owns a house”.
The proud father gushed over the birthday gift.
“Owning your own home is one of the best feelings ever,” he said.
“It can’t be described in words, it can’t be quantified in money.
“Home ownership is a feeling that makes life’s daily grind worth facing.
“It reassures you that after all the ups and downs you have a place to go to… A place that will never judge you and always invite you with open arms.
“Congrats my son on your new home. Your birthday gift from Daddy.”
And he’s not the first nepo-baby billionaire to get on the property ladder at a young age.
Of course, the ‘world’s youngest billionaire’ has his own Instagram account.
He shares photos of himself in Gucci and Versace.
These are usually standing in front of his Lamborghini Aventador and a cream Bentley Flying Spur – despite not being old enough to drive.
He can also regularly be seen on social media enjoying lavish meals aboard his private jet.
So where does the wealth come from?
Dad-of-two, Mompha Senior, is believed to have earned his fortune from a bureau de change business in Lagos.
He then moved into investments.
And the daddy is just as generous with his younger daughter, Fatima, and his wife who he calls “Cash Madam”.
However, while Mompha Junior’s age is not contested, the term “youngest billionaire” is up for debate.
Estimates by the CEO of a Lagos Bureau De Change put Mompha’s reported net worth at just under $15 million.
When converted into Nigeria Naira, that does make Mompha Junior a billioniare, however.
But it’s not all happy families, as Mompha Senior was arrested in January 2022.
He was accused by Nigeria’s anti-corruption agency of laundering over $12 million.
The case is ongoing.
