How Much is Bet9ja Worth?
Listed below are some of the most notable people behind Bet9ja, including CEO Kunle Soname, Nollywood actor Victor Ikpeba, and Nigerian politician Kunle Soname. These figures include the company’s monthly turnover, profit margin, and net worth. This article will explore these figures to help you determine how much Bet9ja is worth. For the sake of completeness, we have grouped them into categories such as profit margin, monthly turnover, and net worth.
Kunle Soname
As the owner of the betting company Bet9ja, Kunle Soname is considered to be a wealthy man in Nigeria. A native of Remo, Ogun State, Kunle Soname has a net worth of $10 million. His other ventures include the ownership of a soccer team, which he founded in 2011, and the purchase of Clube Desportivo Feirense in Portugal’s second division. In addition to his Bet9ja business, he also owns Remo FC in the Nigerian Football League.
Soname’s wealth is a result of several endeavors. As a former government official in Lagos, he was elected the Executive Chairman of the Ikosi-isheri Local Council between 2003 and 2011. Soname is a businessman and an avid sports fan. Today, he is the chairman of Bet9ja, which allows people to place bets online. Apart from that, he is also a chairman of the C.D. Feirense group. Kunle Soname’s net worth is derived from his Bet9ja business.
Monthly turnover
Using data from the Nigerian Lottery Commission, the total number of visitors to Bet9ja, and the amount of money spent, is used to estimate the monthly turnover of the website. This number is lower than the $10 million predicted by KPMG’s John Tamara. Assuming only Lagos-based visitors, the website is estimated to have a profit margin of between 20 and 30 percent. In other words, for every one million visitors, the website makes N363 million in profit each month.
In a recent KPMG report, the sports betting industry in Nigeria has experienced rapid growth. Bet9ja has an average monthly turnover of $10 million, while the next largest website, NairaBet, has a monthly turnover of $3 to $5 million. These two companies each have a 20 to 30 percent profit margin, making them profitable to the business. However, the industry is still undergoing growth. It is expected to reach $20 billion by 2020, with more operators joining the market.
Profit margin
In addition to the regular salaries and wages paid to people who work for traditional betting businesses, Bet9ja agents get paid from every bet placed or bet printed through the company’s betting shops. Agents earn anywhere from 10,000 to one million Naira a month depending on the number of bets they place and win. Profit margin is one of the main concerns of online betting agents. This article will provide an overview of the profits and loss potential of Bet9ja.
The profit margin of Bet9ja is similar to that of 1xBet. However, its profit margin is higher when it comes to popular betting markets. Its default fractional odds format provides the highest profit margins. The company has thousands of registered agents in Nigeria. It is highly recommended that you join one of the company’s affiliate programs to earn a steady profit. Bet9ja offers lucrative commissions that start at nine percent of the stake.
Kunle Soname’s net worth
If you’re wondering how much Kunle Soname’s net worth is, you’re not alone. He’s a businessman, entrepreneur, and political activist with a diverse portfolio of interests. In addition to his work with the Nigerian football league, Soname also owns a stake in a Portuguese soccer club. As an entrepreneur, Soname has carved a niche for himself in Nigeria with his Bet9ja gambling platform.
Soname recently acquired 70 percent ownership of Club Desportivo Feirense, a second division soccer club in Portugal. In doing so, he made history by becoming the first Nigerian to own a soccer club in Europe. The businessman is married to Kemi Soname and has one female child, Erioluwa. While his other business interests don’t quite match up to his net worth, his stake in Bet9ja is around 100 percent.