Understandably, Senegalese authorities have praised Akon, whom they refer to by his given name Aliuane Thiam, for investing in the country amid such economic uncertainty. The singer, who has an estimated net worth of $80 million, told AP the project has already secured about one-third of the $6 billion needed.Dec 15, 2020
How Did Akon get 6 billion dollars?
Akon has been awarded a $6 billion contract to build a city in Senegal. Originally announced in 2018, Sengalese-American artist Akon revealed he was working with the Sengalese government to build a tourist city that used a cryptocurrency-based economy.Jun 18, 2020
Is Akon a billionaire?
Even with Akon's investments—and his plans to build a $6 billion city in Senegal—reports of Akon's “billionaire” status seem to be exaggerated. However, he doesn't seem to think that it's ethical for billionaires to hang on to so much wealth anyway. ...Apr 12, 2021
What does Akon do for charity?
Akon Lighting Africa is a for-profit organization that provides education and training to African workers in installing and maintaining solar panels. A school has been created to teach young members of the community the power of solar and how to properly maintain the equipment needed to harness it.Feb 24, 2021
How much money has Akon donated?
Financial aid Popular African American singer Akon has announced that he has raised about 1 billion dollars to finance projects in Africa. Speaking to the press the artist said it was not an easy task for him raising the first billion dollar.Dec 27, 2016
Who gave Akon 6 billion dollars?
“We welcome this project with open arms and pray that everything Akon told us will be realised." Paul Martin, director of the project at KE International, told Reuters that $4 billion of the $6 billion budget has been secured from a number of investors, including Kenyan businessman Julius Mwale.Dec 28, 2020
Who is funding Akon City?
Paul Martin, from the US-based firm KE International which won the Akon City construction contract, said that Kenyan entrepreneur Julius Mwale is the lead investor. He added that he could not disclose information on other investors for confidentiality reasons, but said more than $4 billion in funding had been raised.Sep 3, 2021
How is Akon funding Akon City?
Part of the marketing pitch for Akon City is the funding mechanism for it. The construction funding and transactions that would take place in it once built are said to utilize Akoin [Akon's proprietary cryptocurrency]. So, that's been a distinguishing feature picked up by the media.Sep 25, 2020
What has Akon done for charity?
Akon is a Senegalese-American hip hop singer-songwriter and record producer. He has his own charity for underprivileged children in Africa called the Konfidence Foundation.