Dozy Mmobuosi is a Nigerian entrepreneur with a $7 billion net worth. He owns Tingo Mobile PLC and Tingo International Holdings, which account for the majority of his net worth. He also runs the Dozy Mmobuosi Foundation, which aims to promote African progress and create an environment in which Africans can thrive.
Tingo Mobile’s digital agri-marketplace platform, Nwassa, provides weather forecasts to farmers in Nigeria and beyond, as well as market information and digital payment options via Tingo Pay.
His first foray into technology was ‘Flashmecash,’ Nigeria’s first SMS banking solution. He later sold it for a tidy sum.
Mmobuosi is a football investor as well as a tech entrepreneur. He “funded scouting schemes, training programs, and talent management for Porsche United and Nassarawa United, two formidable grassroots clubs in Nigeria,” according to GQ.co.za. His foundation funded the inaugural ‘Super Cup Tournament’ for Nigeria Professional Football League (NPFL) clubs in 2022, with Shooting Stars of Ibadan emerging as winners.
He is also set to become the new owner of Sheffield United, a British football club, for a reported fee of around $108 million. According to The Times, he is in the final stages of purchasing the Bramall Lane club, subject to certain conditions being met.
According to the BBC, the Championship club’s owner is in talks with the Nigerian billionaire after American businessman Henry Mauriss failed in his bid to take over the Yorkshire club.
According to the BBC, if he passes the English Football League’s owners’ and directors’ test, he will take over ownership of the club and help lift the club’s recent transfer embargo by settling the club’s debts. As a result of a default on transfer payments owned by another club, the team is currently subject to a transfer embargo.
He would also become the sixth African to own a club in the United Kingdom. They are Egyptian Nassif Sawiris, co-owner of Aston Villa in the Premier League, Moroccan businessman Abdallah Lemsaga, owner of Oldham Athletic, and South African-born Garry Otto, co-owner of English fourth-tier club Sutton United.
The late Egypt-born Assem Allam, who bought Hull City in 2010, and Egyptian Mohamed Al-Faye, who bought Fulham for a reported $40 million in 1997, are among the remaining owners.
According to GiveMeSports, if the deal goes through, Mmobuosi will become the richest club owner in the Championship.