Kenyan Eugene Mbugua (26) is the founder of Young Rich Television Limited and My Yearbook Kenya Limited. Not only is he young and successful but he continues to strive to grow his entrepreneurial skills and abilities. Today he is our Man Crush Monday.
According to Africa Talent Bank, Mbugua’s company Young Rich Television Limited, the produced Young Rich was an entrepreneurship show and featured stories of young Kenyan entrepreneurs and how they built their businesses with the aim of inspiring other youths to emulate. There reportedly were 90 episodes of Young Rich and the show featured over 60 young millionaires from all over Kenya. It is said to have been the most watched business show in Kenya attracting over 2 million views online and hundreds of thousands on TV every week. It drew the sponsorship of companies like CBA Bank, Airtel and Old Mutual.
Mbugua is also the owner of My Yearbook Limited, a company that produces yearbooks and publications for companies, schools and governments. In East Africa, he reportedly employs 32 people, and was listed by Kenya’s Business Daily among its Top 40 under 40 Kenyans in 2014 and his revenue for the last two years has been close to $1 million.
Listed on the Forbes 30 under 30, the young entrepreneur says he became a business person as a teenager. At the age of 18 having started university with no capital in hand, him and a friend tried to figure out what kind of business they could delve into.
“We both had a little experience in film and television production gathered from doing menial jobs on production sets,” he is quoted by Forbes saying.
They registered a company teaching school children basic film production and convinced the same schools to let them film their events. In his Forbes profile, Mbugua says he saved his earnings from these activities and partnered with a group of friends to start a gaming arcade next to the university.
“I have been poor and have had to depend on people for basic needs which is humiliating and something I would not want to go through again. Other than this, I’m very inspired by the power that stories have to change a people’s mindset. Every time someone writes to us saying that one of our TV shows has inspired them to be more positive, or change something about their lives, it validates to me and my company that the work we do is useful,” Mbugua is quoted in Forbes.