Chinedu Echeruo: Nigerian Digital Whiz Kid Who Made N320b In One Day

Related stories

Iran’s Oil Exports Soar as Israel Attack Prompts Cargo Clearout

Iran’s oil exports have jumped since the nation came...

Thai PM faces calls to quit after leaked phone call

Thai Prime Minister Paetongtarn Shinawatra's coalition government is on...

Why Forecasters Can’t Agree On When Oil Demand Will Peak

Oil demand is proving more resilient than expected,...

Mambilla Power Project: Agunloye Cries Out, Says EFCC Out To Damage my Name

By Kolawole Ojebisi A former Minister of Power and Steel,...

The following nationalists were in their prime when they fought for Nigeria’s independence: Obafemi Awolowo , Ladoke Akintola , Ahmadu Bello , Tafawa Balewa , Festus Okotie-Eboh , Anthony Enahoro  they led the struggle for independence.

  Other Nigerians who became prominent in Nigeria in their youths are Kaduna Nzeogwu , Murtala Mohammed , Theophilus Danjuma , Ibrahim Babangida , Joseph  Garba , David  Jemibewon , Sani Abacha, Shehu Musa Yar’Adua , Gowon , Ojukwu , Obasanjo and Buhari .

 These days, young Nigerians are also stepping up, taking up the gauntlet and are not ready to be found wanting.

Chinedu Echeruo

Read also: CAMA Law: Osinbajo Opens Up, Tells Pastors What To Do

 In the light of this, in this maiden edition of Trending Youths; a column dedicated to showcasing young Nigerians doing well in their chosen fields, your darling newspaper; The New Diplomat profiles Chinedu Echeruo, who makes more money than many states budget in a single day.

 Chinedu Echeruo

Founder: HopStop 

Net worth: $1Billion

  Chinedu Echeruo is a young Nigeria Tech Entrepreneur who grew up in Eastern Nigeria.  He attended Kings College, Lagos.

  He later proceeded to Syracuse University and the Harvard Business School in the United States where he obtained an M.B.A. He then worked for several years in the Mergers & Acquisitions and Leveraged Finance groups of J.P Morgan Chase where he was involved in a broad range of M&A, Financing and Private Equity transactions.

Read also: Anti-corruption War: ‘Magu Has Been The Face Of Success’, Says Itse Sagay

He founded HopStop in 2005.

  HopStop.com is a mobile and online application that provides mass transit directions door-to-door mass transit, taxi, walking, biking and hourly car rental directions in major metropolitan markets throughout the U.S., Canada, U.K, France, Australia, New Zealand and Russia.

  In 2011, HopStop was named one of the 100 fastest-growing companies in the US by Inc. magazine.

  Transit directions were available for several major metropolitan areas, including Atlanta, Boston, Chicago, Las Vegas, London, Los Angeles, New York City, Paris, Philadelphia, Portland, Oregon, San Francisco, Seattle, Toronto and Washington, D.C.

  HopStop.com provides free customized public transit directions, as well as other related features and information relevant to public transit via HopStop.com and free Android, iOS, and Windows Phone apps.

  In 2013, Echeruo sold HopStop for $1 billion (N320b) to Apple. With the sale, Echeruo is now the chairman of the Board for HopStop which has been compared to Israel’s Waze.

  According Chinedu, ‘there is no reason for entrepreneurs to reinvent the wheel every single time in all the countries in Africa.

  “My idea is to essentially have one place where a budding entrepreneur can access a template for starting a business, and then customize it to suit their own situation; essentially, a business-in-a-box.”

  No wonder, he is worth more than three states’ annual budgets combined.

Budgets for 2016

 Ekiti State …………….. N67bn
Anambra State …………….. N101.4bn

Yobe State ………….. N80.6bn

The New Diplomat
The New Diplomat
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Iran’s Oil Exports Soar as Israel Attack Prompts Cargo ClearoutThai PM faces calls to quit after leaked phone callMatawalle, Yari, Others Borrowed Money to Steal in Zamfara, Says Gov LawalWhy Forecasters Can’t Agree On When Oil Demand Will PeakMambilla Power Project: Agunloye Cries Out, Says EFCC Out To Damage my NameIsrael-Iran War: FG Reiterates Moves to Evacuate Trapped NigeriansRivers N1.48trn Budget: We'll Monitor Your Spendings, Senate Warns IbasJoy As Netherlands Returns 119 Looted Benin BronzesLet's Nurture Collaborative Spirit To End Economic Dependence On Western Nations, Tuggar Urges ECOWAS MembersDrama As Senate Rejects NNPC Account Statements, Probes Alleged ‘N210trn FraudFCCPC Seals up France, Belgium, Italy Visa Centres in AbujaBen Murray-Bruce Warns: World War III Looms As Global Powers Fight Over TerritoryLagos CP Explains Why Adefarasin's Stun Gun Is illegalN1.48bn Budget Defence: Rivers Administrator, Ibas Arrives SenateUS Reopens Student Visa Applications for International Students
X whatsapp