6. Cosmos Maduka
Billionaire Founder of Coscharis Group (sole distributor of BMW vehicles in West Africa), dropped out of elementary school.
His father died when he was four years old, which denied him the benefit of formal education but with only 400 dollars as investment capital he built a conglomerate with interests spanning the globe. He is the sole distributor for BMW and Ford cars in Nigeria. How did Cosmos and Charity Maduka create the Coscharis phenomenon despite the challenges inherent in their background and the vicissitudes of a developing country?
Cosmos Maduka is a native of Anambra State, precisely from Nnewi North Local Council in Anambra State, Nigeria. He was born to Peter Maduka. His father died when he was just four. It was very difficult for his mother to take care of them. This was before the Civil War. But his mother, as a single parent, had to take care of him and other children his late father left behind. He had to drop out from school at elementary three because it was difficult for his mother to cope with the family responsibilities.
Dr. Maduka started hawking ‘akara’ for the mother. His mother discovered his entrepreneurial spirit and would fry a pan of ‘akara’ each for him to sell.
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