Top 10 Richest Person across the Globe | Richest Business Tycoons

Ever since the Fourth Industrial Revolution came into the picture, the businesses have taken off to unimaginable statures. Though the world has to face the unfortunate situations amid COVID-19 pandemic, yet the businesses have rocket-boosted. Many instances such as Apple crossing 1 trillion USD mark, Jeff Bezos crossing the 100 billion USD range and the Elon Musk becoming richest man in the world even for the short period. This article is not about the businesses, but about the business tycoons who made this revolution possible. Here are the top 10 business tycoons to follow:

Jeff Bezos

Net Worth-USD 193.4 billion

Founder of the biggest e-commerce company—Amazon, and Chief Executive Officer of the same Jeff Bezos has total assets are estimated to be USD 193.4 billion. He is the most influential entity in the business world. Though his separation with his companion in the year 2019 has taken away the one fourth of his Amazon stakes to her. He started the company in the 1994 and since then his journey has been exceptional and inspiring for many budding entrepreneurs and business individuals. This pandemic may brought many heckles to various businesses but it has brought blooms to Amazon, as numerous consumers shopped on the online.

Elon Musk

Net Worth- USD 171.6 billion

This multi-billionaire entrepreneur cum investor, Elon Musk is on the verge to make a dent in the universe by its exceptional projects. His focus is to create a transformation in the transportation both on Earth and space. He founded SpaceX with an aim to colonize Mars, and stretching the limits of human race. This rocket organization is projected to be worth around USD 100 billion. Whereas, his baby project Tesla electric cars has become one of the largest automation company with market capitalization of USD 342 billion.

In the month of January, 2021, he became the richest man in the world taking over Jeff Bezos, but soon, due to loss in Tesla shares recently he fell to second rank.

Bernard Arnault & Family

Net Worth—USD 155.1 billion

Bernard Arnault, the Chief Executive Officer and Chairman of LVMH—France stands third with the estimated net worth of USD 155.1 billion; which extends his total assets dividing in various domain which includes total 70 brands especially Louis Vuitton and Sephora. With less media appearances, Bernard has acquired around USD 100 billion in the year 2020.

Bill Gates

Net Worth– USD 123.2 billion

Internet is the new big things.” With quoting such a statement Bill Gates did predicted the tech future. He stayed one of the richest person in the world for almost a decade straight. Currently, with an estimated amount of USD 123.2 billion, Bill ranks number fourth in the world. His Bill and Melinda Gates Foundation is one of the world’s biggest private helping hand foundation. With his partner Paul Allen, Bill Gates started the biggest software company, Microsoft, which earned exceptional success, one can ever desire for. He also held shares in Apple Inc.

Mark Zuckerberg

Net Worth– USD 98.5 billion

With an estimation of USD 98.5 billion, Mark Zuckerberg, the Chief Executive Officer and director of Facebook ranks number fifth in the race of richest business tycoons in the world. He possess 15 percent stakes in the company Facebook. He is the youngest in this list of richest business tycoons. With keen acquiring strategy, Mark acquired two most successful social media company in the last decade that are Whatsapp and Instagram. These two apps have helped the Facebook in achieving various recognition and benefits for the company. His creation Facebook helped robustly in bringing people together transforming the definition of being social.

Zhong Shanshan

Net Worth—USD 94.8 billion

Being the richest person in the China, Zhong Shanshan estimated to be worth of USD 94.8 billion making him sixth richest business tycoon in the world. He is the Chairman of a pharmaceutical company, Wantai. Moreover, prior to creating his own business Nongfu Spring, he took various jobs like development laborer as well as journalist.

Warren Buffet

Net Worth – USD 92.4 billion

Warren Buffet, one of the most respectable entity in the share market, also known as the Oracle of Omaha. His net worth is estimated to be USD 92.4 billion making him seventh richest person in the world. Warren owns Berkshire Hathaway which includes around 60 organizations. He purchased his first stock at 11 years old, and today he ranks between top 10 richest business tycoons across world.

Larry Page

Net Worth – USD 91.6 billion

Larry Page one of the benefactor of Google, is estimated to have net worth USD 91.6 billion, making him eighth richest person and securing a place in the top 10 business tycoons across world. He has invested in many organizations such as Planetary Resources—a space investigation organization, as well as in new businesses Kitty Hawk and Opener, and many more.

Sergey Brin

Net Worth – USD 88.8 billion

Being a crucial part of Alphabet and board of the committee, Sergey Brin is estimated to have net worth of USD 88.8 billion making him one of the top 10 business tycoons across the globe. Along with Larry Page, in 1998, Sergey started Google which is the biggest search engine out there. The company later on became a part of Alphabet in the year 2015.

Larry Ellison

Net Worth – USD 86.6 billion

Larry Ellison made a fortune from the company Oracle, which he with other colleague started in the year 1977. His net worth stands to be USD 86.6 billion which makes in this list of exceptional business tycoons. In the year 2014, he left the position as the Chief Executive Officer of Oracle. Whereas, he works as a Director of the board in the same company. He also holds a position as the leading member of Tesla, whose stocks are continuously rising with some backlashes.

Risk factor for Coinbase IPO, Transferring Nakamoto’s 1.1 million Bitcoins | USD 46 billion

Various reports have suggested that the Coinbase Global Inc., the cryptocurrency trading platform the awaited public offerings post filing paperwork with the Securities and Exchange Commission in the month of February.

Coinbase, in order to go public is aiming to employee nontraditional direct listing, and one such listing would be Nasdaq Inc. in exchange under the symbol “COIN”. This type of direct listing clearly indicates that, Coinbase will not be raising any new monetary assets which was unlikely carried out by Palantir Technologies, Spotify Technologies, Slack Technologies in these passed years. Below are the details one might seek of Coinbase in its public offerings:

The company was co-founded in the year 2012 by Brain Armstrong, who also plays the role of Chief Executive Officer, with Fred Ehrsam, the director of Coinbase. As per various reports, Armstrong’s networth is currently $6.5 billion which is directly based on his owning in the Coinbase, and if the above mentioned direct listing goes off successfully then the net worth will tend to increase. The company is starting with the rapidly growing and which is currently number one in the market i.e. bitcoin. Whereas, bitcoin has acquired attention of many as it has broken its own records many times and touched its peak above USD 58,000 which has resulted in driving the gains through exchanges. It has hit the market value of USD 1 trillion in the recent time, which almost 70 per cent of the total crypto market whilst there are many other popular cyrptocurrencies out there trading on Coinbase, not excluding ether based on Etherum’s blockchain, Litecoin and Bitcoin Cash created by the individuals known as Satoshi Nakamoto. The reports also states that Andreessen Horowitz, a venture-capital firm which happens to the largest owner of Coinbase elevating for around quarter percent of Class A shares and 14 per cent of Class B, in an addition to Marc Andreessen , the head is on the Coinbase’s board.

Reports also suggests that Coinbase might have risk as like any other company, its biggest risk factor is that it is holding its stakes on unproven assets which is a decade old. Basically the company is attempting to make such cryptocurrencies like Bitcoin and Ethereum and other various alternative crypto coins out there in the market which are already written or are in the process. “There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” writes Coinbase in its S-1 filing.

It has also facing the many backlashes by various nation’s governments which might affect the exchange platform, Coinbase. Another risk for the company would be, as Satoshi Nakamoto has never been identified whether it’s an individual entity or group of people, which might bring heckles in the company’s pathway. The reports also states that Nakamoto has mined up to 1.1 million bitcoin, which is estimated to be valued for USD 46 billion at today’s values; which are left untouched. Currently, one can say that Coinbase the crypto exchange platform ranks 3 among all the largest digital asset exchanges across the globe. Risk-Management by kuv24-manager.de

Bitcoin’s 2021 Campaign is creating thousands of Crypto Holders i.e. Millionaires

As per BitInforCharts, there has been a steep rise of bitcoin which has resulted in creating millionaires at fairly rapid clip. Last reports states that bitcoin was trading up by over 6.5% at approximately USD 4,914,123. Even though the asset has fall for about 12% by the week after a high record around USD 58,332.36 in between the weekend, the bitcoin ‘the digital currency’ has ascending the wallets of crypto millionaires.

As per various reports, there are almost 93,862 accounts bitcoin holders which are worth of at least $1 million whereas, around 8,214 which are valued at and more than USD 10 million. In total, these numbers add up to 102,076 bitcoin accounts. Moreover, 422,104 accounts can elevate accounts valued at more than USD 100,000 as per reports. None can redirect the traces back to the crypto asset created in the 2009 are headed, similar to the earlier that occurred in the late 2017 when bitcoin surged to near USD 20,000 which slipped to around USD 3,000 which will take, but bitcoins growth has widely accepted even to the greater institutional ownership.

Moreover, the price of Bitcoin has surpassed USD 50,000 in February, 2021 after Elon Musk the Founder of Tesla announced a USD 1.5 billion bitcoin investment. This high-statured bitcoin was unable find support from the campaign, which has resulted in steep fall below the USD 50,000 mark. Yet, bitcoin’s price has gone up for 70 per cent in the year 2021. As per compared, bitcoin traditional rival assets Gold has fell with negative 5 per cent.

At end of the month of 2021, the bitcoin hit a market capital above USD 1 trillion, this was an exceptional moment with many players dipping their toes into cryptocurrencies, not excluding PayPal Holdings Inc. PYPL, which started up its cryptocurrency platform to United States customers. Moreover, various high-profile Wall Street investors, not excluding the Stanley Druckenmiller have embraced bitcoin.

As per various reports, cryptos requires a steely constitution. In one year, bitcoin has gone through various corrections, which has been decline form the peak of at least 10 per cent but not more than 20 percent, and two bear markets, which mostly defined as falling by 20 per cent as per various reports. Currently, bitcoin and other cryptocurrencies are taken as highly speculative and the assets which can be written as out of picture by stern global regulation. Though the current movement is driving in the favour of bitcoin enthusiasts, but the blockchain technology is reliable and there is quite a high chance of introduction of new cyrptocurrencies in the market.

U GRO Capital crosses Rs. 2,000 crore milestone on loan disbursals; raises Rs. 178 crores of debt from high profile lenders

U GRO Capital, a BSE listed, small business lending fintech platform, announced its Q3 FY21 financial results and posted a PAT of INR 6.3 crores. This has been achieved while maintaining a consistently conservative approach to provisioning, with INR 5.9 crores of provisioning expenses in Q3. Despite the adverse economic and business conditions brought about by COVID-19, U GRO Capital has declared profits in each quarter of FY21.

The key highlights for Q3 FY21:

Loan Portfolio

  • The Company’s disbursals to date reached INR 2,065 crores at the end of Q3 FY21 despite the on-going COVID-19 related disruptions to business activity, with disbursals in the last quarter at INR 368 Crores
  • The Company’s monthly disbursal run rate has exceeded pre-COVID levels, with December 2020 disbursals at a record INR 140 crores
  • The Company’s AUM as of the end of December 31, 2020 stood at INR 1,127 crores across 8,429 live loans. The loan book is 70% secured, the largest sectoral concentration is light engineering (24%) and the largest geographical concentration is Delhi NCR (18%)
  • Portfolio Proforma GNPA (90+ DPD) and NNPA stand at 2.3% and 1.4% respectively

Liability and Liquidity Position

  • The Company has raised an incremental INR 178 crores of liability in Q3, for a total of INR 756 crores of sanctioned liability at an on-book blended rate of 10.1%
  • The Company has 22 active lenders including PSU banks, Private sector banks and other financial Institutions on its borrowing book
  • The Company has increased the number of lenders on book by 8, including high profile names such as SBI, Bank of Baroda, HDFC Bank, ICICI Bank and Axis Bank
  • The Company maintains a strong liquidity profile with nearly INR 300 crores of cash and equivalents, and a further INR 194 crores of undrawn debt sanctions
  • The Company maintains a CRAR of 77.9%, well above industry standards

Financial Performance

  • The Company has taken a conservative approach to provisioning for loan loss, with a total provision of INR 21.4 crores
  • The Company’s total income increased to INR 39.1 crores in Q3 FY21, as compared to INR 28.9 crores in Q3 FY20
  • The Company declared a Q3 FY21 PAT of INR 6.3 crores, as compared to INR 6.9 crores in Q3 FY20
  • The net worth of the Company stands at INR 950.5 crores as on December 31, 2020

Operational Parameters

  • The GRO Partner network now stands at 603 partners, a 16.4% increase on Q2FY21
  • The Company has onboarded 28 ecosystem partners and 35 corporate partners
  • The Company is introducing sub 15 lac loan, a line of smaller ticket, higher yield and shorter tenor secured products for microenterprises

Technological Innovation

  • The Company became the first lender to complete UAT testing on the Government’s GeM Sahay platform, which provides access to over 2.4 lakh sole proprietorships that supply a cumulative value of INR 18,935Cr. Platform expected to go live in February 2021 as per Government of India plans
  • Digital Supply Chain Financing platform GRO-Chain to launch in February 2021

Commenting on the results, Mr. Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital stated, “This has been an exciting quarter for us at U GRO Capital, as we have been making a steady progress towards achieving our goal of solving India’s $300B MSME credit gap. We have also made an operational and strategic pivot by introducing our direct distribution product line to serve microenterprises. Propagating financial inclusion is our primary goal, and I am delighted with the successful launch and certainly hope that we can serve the nation’s microenterprises the financing they deserve.

That we have achieved this growth in a time of such market turmoil and maintained profitability for each quarter of FY21 is truly remarkable, and full credit must go to the team for helping bring this vision to life so effectively. With the COVID-19 crisis hopefully coming to a close, the nation’s MSMEs will be hungry to make up for lost time – and they can count on U GRO to stand alongside them.”

About U GRO Capital Ltd.:

U GRO Capital limited is a BSE listed, small business lending fintech platform. The Company is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions.

U GRO mission is ‘Solve the Unsolved’ – Small Business Credit Need. U GRO believes that the problem of small businesses can be solved by building deep expertise around core sectors of SMEs in India coupled with a data centric, technology-enabled approach.

The Company has raised ~INR 920 crore of capital from a diversified set of private equity funds like institutional investors and well-known family offices.

U GRO capital has shortlisted the 8 sectors basis an 18-month process involving extensive study of macro and micro economic parameters carried out in conjunction with market experts like CRISIL. The eight sectors shortlisted are Healthcare, Education, Chemicals, Food Processing / FMCG, Hospitality, Electrical Equipment and Components, Auto Components, Light Engineering. The Company additionally lends to microenterprises, which behave as a monolith and act a pseudo ninth sector. The Company strives to build a strong SME financing platform based on sectoral understanding supplemented by a fully integrated technology and analytics platform.

Toonz Media Group launches MyToonz – a brand new OTT platform for world-class animated content

Trivandrum, February 18: Technopark-based Toonz Media Group, one of the world’s leading entertainment companies specializing in animation content production, has launched an exciting new OTT platform for kids and family entertainment called MyToonz. Toonz has tied up with multiple app stores, telecos, OTTs and connected TV companies around the world to make MyToonz available for consumers across platforms. The MyToonz app is now available on iOS, Android and Android TV playstores, as well as the Roku Video-on-Demand platform, Apple TV and Amazon Fire TV.

Toonz has also inked deal with telecommunication giant Airtel in India to integrate MyToonz on their app store. Airtel subscribers in India will be able to access the MyToonz digital library using the Airtel Xstream app. Besides this, the animation major has tied up with mobile tech services company U2opia Mobile to integrate MyToonz on various telco platforms in Latin America, Africa and Asia.

A first-of-its-kind exclusive kids OTT platform to be launched by an Indian entertainment company, MyToonz originates from the compelling need to create a safe and engaging entertainment destination for kids and families in the digital landscape.

MyToonz will be a space where the whole family can come together to enjoy world-class content. We have envisaged MyToonz as the go-to destination for kids to watch safe, fun and nutritious content, which will be available in multiple global languages. All MyToonz programming is compliant with international safety standards for child viewing. We have also given a conscious thrust to co-viewing, to encourage families to watch and enjoy together,” said Toonz Media Group CEO P. Jayakumar.

Kids are emerging as the fastest growing audiences in the OTT ecosystem, it only becomes imperative that we have content that is highly engaging juxtaposed with safety and education on Airtel Xstream. Our partnership with MyToonz  will help us in bringing more of such responsible content for our young audiences.” said Sudipta Banerjee , Chief Product and Technology Officer, Wynk. Wynk is Airtel’s streaming app.

We are excited to partner with Toonz Media Group to take their unique genre of universal animation content, My Toonz, to our global telecom partners. At U2opia Mobile, we aim to drive great value to our customers through bundling and other creative distribution opportunities,” said Sumesh Menon, Co-founder and Managing Director of U2opia Mobile.

Toonz Media Network, the digital division of the company, already has a formidable digital presence with a bouquet of 18 YouTube channels, 15 million+ subscribers & 350 million+ viewership per month on YouTube alone. Besides this, the division is also live on multiple Video-on-Demand (VoD) platforms as well as the platforms of various Smart TVs & Telcos.

With MyToonz, the company seeks to take its impressive catalogue of premium content, including international co-productions with the top studios and productions houses in the world, to kids and families across the globe.

The MyToonz library will launch with over 1500 half hours of content, with new content being added every week. The library includes movies and episodic content across different genres. Besides English, there are dedicated playlists in Spanish, Russian and Hindi languages. The content on platform has been categorized to be targeted at pre-schoolers, upper pre-schoolers and early teens. The programming is also carefully curated to provide quality entertainment to kids and families through fun, educational, safe, non-violent and environmentally sensitive content that celebrates diversity. The MyToonz library can also be accessed online over the website www.mytoonz.com.

About Toonz Media Group

Toonz is a 360-degree media powerhouse with over two decades of unparalleled experience and one of Asia’s most active animation production studios (over 10,000 minutes of 2D and CGI kids and family content per year). Having worked with the world’s leading entertainment studios, channels and networks including Marvel, Nickelodeon, Turner, Disney, Netflix, Dreamworks, Lionsgate, 20th Century Fox, Paramount, Sony, Universal, BBC, Amazon, Google, Hulu, HBO and Exodus Film Group, Toonz has to its credit several animation and live action series, as well as feature films.

Annabel Biggar-David : Promoting Natural Health Essentials Dynamically

Sustainable farming practices ultimately contribute towards a sustainable ecological environment for future generations. When buying organic, you are assisting in reducing the amount of pesticides used on our planet since these unwanted toxic chemicals have farreaching effects on our bodies, wildlife, and the environment. More than ever before, people have become conscious of their health. There has been a dramatic spike in
demand for plant-based, natural and certified organic products. The majority of certified organic essential oil and aroma health product purchasers are people looking for natural solutions and products for their family. Organic products are in high demand and the natural care movement is strong. Bacteria strains are becoming resistant to antibiotics and there is an awakening of going the natural route.

Preaching this awakening and enabling the right natural solutions for people is one inspiring business leader, Annabel Biggar-David. She is the Founder of OCO Life by Organico. “Destined to be an old woman with no regrets, I am an adventurous, independent, spirited, curious, passionate human living who adores people who make me laugh until I’m physically in pain, yeah they are some of my favorite kind of people,” says Annabel joyously.

To Begin With….

Growing up in Kwa-Zulu Natal, Annabel’s grandmother played a massive role in her life. She had a farm bordering a river in Ixopho where Annabel used to spend weekends and school holidays. “It was then that my love for traditional African medicine was born,” she shares. Annabel’s grandmother was the one who instilled
the entrepreneurial spirit in her. “I started my first business at 9 years old. Growing up I questioned everything I read. I questioned everything I was told,” says Annabel.

Annabel then moved to Mitchells Plain in Cape Town, known as the Cape Flats. The city was infested with gang members but she still continued with her small business and extended the range to toffee apples. As she got older, while holding a full-time job, Annabel would make dream catchers and candles at night and sell to stores and colleagues.

Being of mixed race, growing up in the apartheid system, Annabel always appreciated the saying, “Poverty is like paying for a crime you didn’t commit.” “I have always known no amount of security was worth the suffering of a mediocre life,” describes Annabel. She wanted to contribute to something bigger than herself. She was done working in a job she didn’t enjoy. She was done feeling depressed on a Sunday night knowing that Monday was coming, which she considered Day 1 of the Hostage situation.

Annabel did not want to be imprisoned by a haunting thought of ‘I wish I had’ so she was willing to risk almost
everything. She wants to make a difference in society and create employment. Annabel sold almost everything she owned, applied for loans and when money ran out would barter furniture for services.
“With tensions high in our country and communities, our high unemployment rate as well as more than 50% of South Africans living in poverty as an SME, we are here to make a difference economically,” states Annabel.

The OCO Life

As a multiple award-winning brand, born in Africa, OCO Life is pioneering the health industry with a revolutionary
range of air purifiers, organic essential oil blends, ultrasonic aroma diffusers and traditional medicine. Proudly 100% black woman owned, OCO Life comprises of mothers, fathers, brothers, sisters and neighbours. “Our social responsibility is not only an integral part of our business model, but it is our natural way of doing what we do,” says the team of OCO Life.

The company’s mission is to enable employment in South Africa and create a lifestyle of harmony, where a balance and collaboration exist between people, as it exists in nature, with ethics, integrity, care and respect for surroundings, people and the environment. OCO Life harvests essential oils in their native regions to get the best quality oils available through sustainable agriculture. This benefits the environment by maintaining soil quality, reducing soil degradation and erosion, and saving water. In addition to these benefits, sustainable agriculture also increases biodiversity of the area by providing a variety of organisms with healthy and natural environments to live in.

“Our sustainable agriculture integrates three main goals: environmental health, economic profitability, and social and economic equity,” says Annabel and her team. A variety of philosophies, policies and practices have contributed to these goals. There is a saying that there is no softer pillow than a clear conscience. Team OCO’s social and environmental conscience ensures that they are contributing to something greater towards the world. Annabel and the OCO family assists in reducing the amount of pesticides and toxins used that have enormous effects on our bodies, wildlife, and the environment.

Growing Organically

The difference that OCO Life makes is on a grass roots level as a company. With over 50% of South African’s living in poverty and the staggeringly high unemployment rate, companies like OCO Life, are a driving force of inclusive economic growth & development in S.A. It has a passionate, purposeful driven team that captures the essence of economic value by up skilling employees while reducing its own ecological footprint. “We have a great company culture and strive to be flawless in our service and impeccable with our word,” describes the team of OCO. Annabel does not take the smallest gestures for granted as they speak the loudest. As a team, OCO exists to serve, and they are eco warriors who believe in changing the world, naturally.

“Simply put, we improve lives and have created solutions to our client’s health needs,” says Annabel. OCO Life’s family is a bunch of people who are customer-centric and will never fail to deliver what they are known for. In terms of future professional growth prospectus, Annabel is interested in mentoring the youth during their entrepreneurial journey as it is something, she is very passionate about. Personally, she is an eternal
student and loves to learn and travel. Spending time with her dogs, the theatre, arts, photography, music, reading, adventure sports, and dancing are some of her most favourite things to do.

Penny Holburn: Implausible Businesswoman, Focused towards Changing lives through her venture, Penny Holburn Coaching

“Live out of your imagination, not your history.” Stephen Covey.

A Quote that describes the mindset of the visionary entrepreneur Penny Holburn behind her brand and its motto i.e., one of the greatest gifts human beings have been given is imagination. We use imagination in the wrong way when we use it to worry and fear. We use it in the right way when we use it to transcend what we may think are limitations and disadvantages that life has dealt us.

With a strong  belief ,that like most things, we can use imagination in the right way or wrong way, Penny leads in various roles as HR Professional turned entrepreneur, a certified Personal Coach, Business Coach, and Internal and External Consultant. She holds a rich experience of 25+ years in the fields of psychology, industrial psychology, neuroscience, personal and business change, leadership development, training, counselling and coaching.

Penny has always known what she wanted to do. At the age of 14, she saw herself doing what she does today. She studied in the area she felt was right for her, and has been in a series of jobs that, with hindsight, she can see prepared herself for everything that she does today. If anything influenced her decisions in her career it was her intuition and gut feel. Somehow, she has just always known what the next step needed to be.

About the Brand and the Primary Challenges

Established in 2010, Penny Holburn Coaching provides coaching, counselling, and consulting services to private clients and organizations of any size. The three main areas she focuses on are general life issues around mental wellbeing and personal growth, careers, and business. In addition to one-on-one assistance, which is most of what she does, she also offers courses, toolkits, workshops, and talks.

The primary challenge has always been a constantly changing external environment in which Penny does business. Every year something about the economy, ways of doing business, consumer spending, technology, and legislation changes. So, each year has to be approached differently and each year, and possibly every six months, a new strategy is required. There is no such thing as “this plan worked well last year, it should work well again next year.”

Team & Clientele  

Penny Holburn lives by values. She does not have permanent full-time employees; she works with contractors, other companies, freelancers, and other business owners on an as-need basis. However, in the people she chooses to work with, values are incredibly important. Her three most important business values are – Respect – Excellence – Growth, and the people and businesses she works with need to demonstrate these values. She believes you can get on with people who are different from you. It doesn’t work if you have different values though.

“My clients are the most wonderful human beings. I see almost anyone who wants to work on themselves, their career, and/or their business. Most of my clients are private clients who are committed to growing and developing themselves to be the best they can be. I connect with that. I ensure I help them achieve their objectives,” Penny stated.

Daily Routine and Hobbies

“I am not a morning person, so I gradually get into the morning. The first thing on waking is to work on my mindset and beliefs. I have a book full of affirmations, scripts (including hypnotic scripts), and writings to set my mind for the day. This takes about 30 minutes. Then from about 8.30 am to 6 pm I work. Sometimes I see a client in the evening so I finish later. There is no standard day and no routine. Generally, the workday covers the following: client appointments (most of the time), admin, writing courses, writing blogs and articles, updating social media and doing marketing”, Penny shared.

“After work, I have a 30 minute time to wash away the stresses of the day. I do this relaxation in the garden when possible. I read for about an hour before going to sleep. Hobbies include gardening, listening to music, reading, attending theatre and concerts”, she further added.

Favourite Book

Dr Joseph Murphy’s, “The power of your subconscious mind.” Your subconscious runs your life. If you want your life to work, then you need your subconscious mind to work for you.

Future Goals

While talking about future goals, Penny said, “The mission of my business is to facilitate mental well-being, personal development, and peak performance so that everyone is enabled and empowered to reach their full potential. I can still see that being relevant in the next year, together with the services and products I offer. The mix of products and services will depend on the needs of the market and clients. I have always offered online services, and possibly this may be a growth area next year. Fortunately, as a very small company, I can change direction very quickly if required to. This year, with Covid-19, so many people have had their lives, careers, and businesses thrown into disarray, and so there has been plenty of need.”

Jewels in the Crown

Here is the list of awards won by Penny in the last five years:

  • 2016: Executive Coaches of the Year, awarded by AI Global Media
  • 2016: Winner best for personal and business coaching Johannesburg, awarded by Corporate Vision Magazine.
  • 2017: Best personal development coaching company in Gauteng, awarded by AI Global Media
  • 2017: Excellence award for anxiety coaching, awarded by AI Global Media
  • 2018: Shortlist Business Coaching Advisor of the year in South Africa, by Finance Monthly Global.

Advice for New Leaders

Be brave, but don’t be reckless. If you believe in your business idea then keep at it and always stay in touch with your customer and their needs. Be flexible – the world is constantly changing – and it will continue to do so. You may have to change your strategies and tactics very quickly. Be able to do that. Your business will never be better than you are, so keep working on yourself as a person and as a leader.

Amanda Blankfield-Koseff: An Inspiring Woman Focused on Empowering People With the YCAP youth programme

With a strong determination to empower people, Amanda Blankfield-Koseff has been running The Youth Citizens Action Programme since 2009, and Empowervate Trust which is where YCAP is run from April 2013 as a CEO. The superwomen and visionary leader, Amanda always wanted to help people by motivating them to reach their potential. Before being the part of this programme, Amanda worked at Afrika Tikkun for five and a half years doing marketing, events and communications in the community and youth development space. Her career began in the sales and communications industry at DS-Max, Camper Shoes, Ventureweb and Dennis Jankelow and Associates after completing. In academics, Amanda completed her Communication Science Bachelor Degree at Bond University and Honours in Communication at the University of South Africa.

Apart from her entrepreneurial success, Amanda is a black belt in Kung Fu, and also a guitarist and singer who has just released two albums. She went to Belgium last year on a climate exchange programme. She is a curious person, who loves learning.

About the Programme

The Youth Citizens Action Programme provides youth with a project management manual that explains how to create social projects in their schools and communities – and then there is a provincial competition and national competition where the winners of the best projects with the most impact receive prize money for their schools to use in expanding their projects or creating new ones. This programme has been running across all 9 provinces and the Department of Basic Education are implementation partners.

From 2020 the YCAP programme was pivoted to an online version with some changes because of the Covid19 pandemic, and it is called The Young Active Citizen Awards. The programme does the same as YCAP as it empowers and motivates students at the primary and secondary school level to be active citizens with a social entrepreneurial mindset. The focus is on practical social entrepreneurship skills development, values and personal development.

What Inspired To Be An Entrepreneur?

Amanda shared, “Both of my parents are entrepreneurs so I grew up knowing that I did not have to work for a boss. I started my own small businesses as a child and started teaching guitar lessons part-time from the age of 18. I studied Business Communication and did my honours in Communication Science and then worked at a direct sales company for a year and a half where we cold-called at businesses. Then I worked at a company that managed large corporate websites. I was yearning to do something that made a difference in people’s lives, so when I got a job as a marketing assistant at a child and youth development non-profit I was excited to do something meaningful. It was when I was promoted to the marketing manager and had to run a youth dialogue that I realised my passion lay with youth development. “The YCAP programme was incubated there and just under 4 years later, I moved it into its own non-profit organisation: Empowervate Trust.”

Clientele and The Team

Here, clients are two-fold: the sponsors and partners from the corporate world, foundations, government departments, individual supporters and the beneficiaries who are the learners and teachers at the schools nationally where we work.

There is a very lean model. They do not believe in spending donor money on fancy offices and loads of salaries. Instead, they partner with the Department of Basic Education who have the systems and staff in place to reach all the schools nationally and then we design the programme and manage it while fundraising for the programme and organisation. They work well as a team because they realise that they have a common goal: the empowerment of the next generation of active citizens and social entrepreneurs. Amanda and her team bring their own strengths to the partnership.

Major Hiccups

Our pivot due to Covid19 was to start the Young Active Citizens Award, which is an online version of YCAP and it has more freedom and options than YCAP The challenge with Covid19 is the fact that our district, provincial and national workshops and showcase events could not take place. Also, in South Africa, our schools were closed for months during the lockdown, and the programme we run needs to be run at the schools. So when the schools reopened in August we launched this new programme and it was a major success Amanda stated.

The Driving Force

The first element in the success Amanda has today is how she was raised – always knowing that she could be an entrepreneur. Then, her husband believed in her and encouraging her to do it even though Empowervate was started in the same year they got married so it was pretty stressful. Then she thanks her mentors, partners and those who believed in the vision and supported her.

Suggestion For A Balanced And Equal Industry

The days of only focusing on increasing shareholder profit are gone. Every company needs to shift to a model where the community and planet are top priorities, and if that means a slightly lower profit to ensure sustainability, then it will be worth it.

Daily Routine And Hobbies

While talking about her routine, Amanda shared, “I like to meditate, then exercise in the morning – either running or using apps (since Covid19 when gyms were closed) to do pilates, strength or cardio training. After breakfast, I get urgent and important work done. Then I meditate again, practice singing and then do more work after lunch. In the late evenings I teach guitar online (since Covid19). I do more work after that, then have dinner and watch Netflix with my husband and our two giant cats. Sometimes I have to travel for work, but during Covid19 most has been online.”

Favourite Book

Deepak Choprah’s “SynchroDestiny”, Michael E. Gerber’s “The E-Myth” as well as anything written by Richard Branson.

Road Ahead

I am excited about the future of Empowervate because we are looking to expand outside of South Africa. We see the value in the programme over the last 11 years and want to share our model with other continents. We also want to connect young people around the world so they can share the solutions they came up with in solving social, environmental, educational and economic challenges in their countries.

Awards And Milestones

Empowervate received the CPSI Special Ministerial Award in 2019, we received the Premier’s Youth Excellence and Service Award in 2018 for Education Excellence. We have the Community Support Organisation Award from ROCCI. Amanda, our CEO is one of 200 inaugural Obama Leaders: Africa, and she was one of the top 200 Mail & Guardian Young South Africans (2015). She has also been a finalist in the Europcar Women in Leadership Awards for three years running.

A Piece Of Advice For Female Entrepreneurs

Having some support is vital– no matter whether it’s personal or professional or both, this entrepreneurship journey can be a lonely one so it’s important to know you can ask questions and get advice when you need it from people you trust. Women must also promote themselves better – men are much better at self-promotion and appearing more confident than they are. Women are too apologetic and self-conscious at times. Own the space!

Favourite Quote

“It’s always darkest before the dawn” – Thomas Fuller

Why more Women Entrepreneurs should consider investing?

Women have been breaking the glass ceiling in all walks of life, especially the business world. According to research, now women are in charge of four out of 10 businesses in the U.S., and the number of businesses owned by women’s own has gone up by 114 percent in reference to the data acquired twenty years ago. Of course, they are in no mood to slow down and more and more women are going to college and educating themselves, and becoming the prime breadwinner in their respective families. 

In spite of all the progress women are making in the right direction, they still struggle in terms of management of cash and especially investing, compared to their counterparts. According to a popular business magazine, women are far behind men when it comes to financial literacy tests and they also tend to invest 40 percent less in comparison with men. Though women are considered great with saving as they save 9 percent of their salary, while on the other hand men save only 8.6 percent. But when women were asked what they would do if they were handed $1,000, and the immediate response was that they were 35 percent less likely to invest the money when compared to men.

Even though women entrepreneurs run business excellently and are great at money-saving. They have a hard time understanding the importance of investing – even at the cost of taking some risks. In order to help women invest more, there are tons of online investing platform made for women, that has taken an initiative to bring the change by providing the required guidance and mentoring needed to handle those risks successfully. 

Why investing can be difficult for women entrepreneurs?

Women entrepreneurs have higher chances of gaining more personal and business capital through investing. They can also advance their savings and secure their financial future. For example, if they put their money into a traditional savings account, which will build upon average only about .01 percent to .06 percent a year in interest, whereas, comparing that to the stock market, where one can get historical returns of 10 percent and the window to gain quarterly dividends. So if they are putting $1,000 into a savings account and gaining .05 percent interest, they would be getting $5 in interest over the course of a year. But, if they put it into the stock market, then they can potentially get a 10 percent return, and eventually, they’ll make $100 that year. 

But how to actually get started? 

Associating with online investing platforms will definitely help in creating and managing their personalized portfolios. The investment algorithm will weigh crucial factors in women’s lives such as career breaks, pay gaps, and longer lifespans, and decide with their financial planners.

Women entrepreneurs might find it intimidating, as they have never bought a stock share but now have a desire to get into bonds and real estate but don’t know-how. But with the help of proper guidance, they can start investing in a diversified portfolio easily and begin to boost their financial future.

Exit mobile version