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Queen Of His Heart… Billionaire Businessman, Julius Rone, Throws High-Octane Party To Celebrate Wife, Utibe, At 40.

 

Yes, last night, the home of billionaire businessman, Julius Rone, was joie de vivre.Julius, the founder and Chief Executive Officer (CEO) of UTM Group, was not marking his birthday nor was he throwing a high-octane bash to mark the grand opening of a palatial mansion, rather the billionaire magnate was throwing a black tie party to celebrate his beautiful better half, Utibe, as she clocked 40.

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As the guests thrilled to delightful music, their hair stood on end and they tipped over in merriment – their joy spilling from their souls into the air and sky high into the blue firmament. The melody reverberated through the halls and passageways of their posh home and spilled into the atmosphere, drawing excited and muted sighs of pleasure from their invited guests and neighbours.

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And she didn’t just have a birthday party to show off how wealthy her husband is; it was more a celebration of her dazzling life, her dedication to friends and family and commitment to the uplift of humanity. And everywhere around the sprawling premises of their mansion, the pervasive smell of power and money hovered in the air.

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Looking radiant and regal in her white ensemble, dainty Yutee was a sight as she danced with her husband. She swayed and shuffled effortlessly underlying her age and reminding guests of her enviable life. It was one party that allowed many of Nigeria’s moneymen to unwind and reconnect in an atmosphere of uninhibited revelry and merriment.

Expectedly, it was a star-studded event that had Nigeria’s rich, powerful, most sophisticated men and women flying in from all over the world; they trooped out in large numbers and in earnest respect to Utibe, the UTM boss’ queen.

Predictably, expensive food and drink was surplus at the event and the music offering was timeless. The crowd was select and classy. The ambience was celestial in its gold draperies. Typical of Julius’ predilection for grand celebrations, gourmet meals, and champagnes and cognacs and canapés flowed like a river and nobody left until the drinks had thinned to a tributary.

The celebrant looked radiant throughout the party and not a few guests, women to be precise, glared wistfully at her million dollar look, apparently wishing they had a husband that would honour them so. Their husbands however, drooled in admiration of the celebrant.

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But they could only stare and lust from a distance as ravishing Utibe is the undisputable Rone queen and her husband never shied from impressing this on all and sundry.
There is no gainsaying Utibe dwarfs too many of her peers in womanliness, valour and character. She is a darling and a champion no doubt.

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Yes, Utibe was visibly excited and happy that her husband of many years chose to celebrate her in grand style. Julius however, spared no expense in celebrating her; according to him, there’s no money he cannot spend to make her happy.

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Guests at the occasion include Capt. Hosa Okunbo and Wife, Nosa, Dr. Tunde Ayeni, Admiral Joe Aikhom, Segun Awolowo, Tayo Ayeni, Olu Akpata, Charles Ahize, Ahmed Indimi, Raymond Abia and Wife, Seyelfa Scott-Tommey, Ifeoma Williams, Dr. Louis Ekere and wife, Chief Ayiri Emami, Nasiru Danu, Igho Sanomi, Oghens Sanomi, Stan Rerri and so many others important guests.

 

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His name sounds like that of an Italian-American filmmaker. He is, however, not one. Stan Rerri, a Nigerian businessman from Delta State, lives a life that is a cross between that of a Hollywood mogul and Russian oligarch. Everything about Rerri screams  opulence and tendency to self-advertise his other-worldly lifestyle. He simply wants you to know how lucky he is. and LUCKY should be his name too .

Modestly he knows it and tells it as it is .I am Rich Luckily I AM ! www.rerri.casa is for sale let or lease Image result for stan rerri To many, this may spell vanity, especially when photo captions on his Facebook page are considered. One of such, showing him and two friends is captioned: “Life has been kind to us”. While that may not offend, the caption of one showing him with pals Tommey Scott, Eyo Effiong, Chucks Iroche and Farouk Saleh is unlikely to be viewed as a gem of modesty. Taken at the opening of Abuja’s Sueno: Spa, Bar and Grill on 8 June, it is immodestly or childishly (take your pick) captioned: “Kings of Abuja”. Rerri is an expert in self-promotion thats just how he rolls  .

An Un rare Rerri rare photograph taken on his arrival in Milan, Italy, bears the caption: “2 Bentley Mulsannes, 1 Rolls Royce Ghost, 2 Merc S-550′s and an Escalade for the luggage…its that time again…We are in Miami!!”Image result for stan rerri Life, surely, has been kind to Rerri. The testament to that is his Facebook page, which is infested with photographs taken at swanky hotels, you cant blame him he lives there it is his life you know  high-end shops, iconic destinations around the world, in his private jet and of posh autos as well as ritzy parties with guest lists straight out of 3 holywood movies . Image result for stan rerri dont ask where this photo is from and we wont tell :) Image result for stan rerriRerri’s Facebook page, is a manual on lush living. “Miami…Privately”, reads the caption of a photograph of his private jet he shared with his friend, Tommey Scott, who also lives large. The photograph was taken at Opa Locka Executive Airport. Another one, taken at London’s Stansted Airport, is captioned “Tell Tori (his child) dad is coming home..London to Abuja…Privately”. The photograph shows him walking into a white jet with two air stewardesses standing sentry. Yet another, posted on 27 July, shows him walking into his jet, as he was about flying to Milan from Abuja. The caption gave hints of what Rerri’s pleasures are.

 

“I gave up smoking, women and drinking last night,” he wrote. But that came with a tinge of regret, as he added: “OMG! It was the worst 15minutes of my life. I need retail therapy to get over that trauma…Abuja to Milan”. Funny man Indeed ! Did he get the therapy? No one is certain. What is certain is that men of means, particularly young ones, hardly get cured of such vices, especially women. Rerri, not unexpectedly, is a smash hit among women. Any man of his means would be. Handsome & Well Educated A tweet on his Twitter handle@stanrerri, dated 12 August 2011, suggests he has broken a few hearts.  “Oh Lord…please do NOT give me a woman I deserve,” he tweeted in apparent admission that he is not exactly an altar boy.

 

An apparent confirmation of his resounding success with women is contained in a friend’s comment on the picture Rerri posted of his late father, Chief Austin Toristseyin Rerri. The friend, John Osemwegie, wrote: ” Hmm this guy looks really gooood. Must have been a real ladies’ man. Stan now I know where u got it from.” The Lion King  Rerri’s first marriage to Edith Jibunoh, daughter of Sir Newton Jibunoh, the famous explorer. . About a year after, Rerri, who likes to call himself “Lion”, had a new lioness called Ayo. Just Like Lions do ! Thisi is no snoop dog metamorphosis into snoop lion This is King Lion & all the Jewels Baby ! Related image

 

Rerri, of Itsekiri origin, is well educated. He attended Ogbe Primary School, Effurun; Federal Government College, Warri; University of Benin and the prestigious London School of Economics. He is Executive Director, Sterling Oil &Gas Limited, operators of the Clarke UK/Sterling Oil/Jenbacher AG Joint Venture (JV) on embedded power generation in Nigeria.

 

He is also a consultant for the Delta State Ministry of Power and Energy Innovation in Power and Energy. Similarly, Rerri is Chairman/CEO, Casa Rerri Limited, an integrated management consultancy, which worked with the Nigeria Extractive Industries Initiative in 2004. Rerri’s firm carried out technical and financial oversight of the country’s entire oil, gas and mining industries as well as physical and process audits of all companies and agencies relevant to the production and management of oil, gas and mining resources. The highlights of the firm’s activities were the recovery of over $1billion in unpaid Petroleum Profits Taxes (PPT) due to the Federal Government by oil companies and the remediation of identified lapses in NEITI audits between 1999 and 2004. Igho Sanomi Right Billionaire Oil Man Related image

 

How much he was paid is unknown.  What is not in doubt is that he must have earned and is still  earning  staggering sums that will continue to make him a customer at high-end shops, glitzy hotels, top holiday destinations, in the hearts of women and keep the engines of his private jet and dream autos chugging.

 

NEXT WEEK - IGHO SANOMI  NIGERIAN BILLIONAIRE BIG BOYS CLUB  note IGho Went to the Prestigious FGC Warri Like Stan Rerri . School has Also Churned out The Likes of Fmr Lagos Governor Ambode and many more

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Petroleum giant Seplat Petroleum Development Company was founded in 2009 by billionaire oil magnate and surgeon Dr Ambrose Bryant Chukwueloka “ABC” Orjiakor and the company’s current Managing Director and CEO Mr Austin Avuru. ABC Orjiakor currently sits as the company’s chairman but before venturing into the oil and gas business, Dr Orjiakor trained professionally as a surgeon and specialized in orthopaedic and trauma surgery.

Before merging with Mr Avuru to establish Seplat, he established Abbeycourt, which traded crude oil and refined petroleum products with, amongst others, the UK’s Glencore, Abbeycourt Energy, Zebbra Energy and Shebah Exploration and Production Company Limited. Dr Orjiako also has other business interests in construction, real estate development, pharmaceuticals and shipping. He is also the chairman of Neimeth Pharmaceutical International plc, which is listed on the Nigeria Stock Exchange, and a director of MPI and Etablissements Maurel et Prom, both of which are listed on the New York Stock Exchange and Euronext Paris. His current net worth is estimated at $1.2 billion and he also owns the 15-storey first building to be completed in Nigeria’s cutting-edge city of the future, Eko Atlantic, known as Alpha 1 or Afren Tower.

He is recognized as one of Nigeria’s most accomplished businessmen and for his numerous accomplishments and contributions to the Nigerian business environment.

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Warren Buffett 's estimated net worth is $80 billion . But you wouldn't know the investor is America's third-richest man by his frugal lifestyle. Buffett lives modestly and is one of the world's most generous philanthropists, opting to give away most of his billions to charity. Warren Buffett 's net worth is down about $4 billion since March 2018, according to Forbes' real-time net worth tracker. But he's still the world's third-richest person. Now 88, Buffett 's estimated net worth stands at $80 billion but you wouldn't know it by Buffett 's frugal ways. Still living in the house he bought in the 1950s and driving an equally modest car, Buffett prefers to keep and grow his money rather than take it out of the bank. Not one for lavish purchases, he spends relatively little of his billions except when it comes to philanthropy. Buffett is regarded as one of the most generous philanthropists in the world, having donated more than $46 billion since 2000. However he uses his money, not much is spent on himself. See how Buffett spends or doesn't spend his billions. Warren Buffett has a net worth of $80 billion, making him the world's third richest person.

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Source: Forbes

He began building his wealth by investing in the stock market at age 11 and currently runs Berkshire Hathaway but you wouldn't know he's a billionaire by the way he spends his money.

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Source: Forbes

He previously told CNBC and Yahoo Finance's "Off the Cuff" that he's "never had any great desire to have multiple houses and all kinds of things and multiple cars."

 

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Source: CNBC

Buffett lives in a modest home in Omaha, Nebraska, which he bought for $31,500 in 1958. Adjusted for inflation, it was $250,000 in today's dollars. It's currently worth an estimated $652,619.

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Source: Business Insider

In 1971, Buffett purchased a vacation home in Laguna Beach, California, for $150,000. After nearly two years on the market, it finally sold in October 2018 for $7.5 million.

 

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Source: Business Insider, Bill Dolby Real Estate

Buffett also has a modest set of wheels. He previously drove a 2006 Cadillac DTS, which he replaced in 2014 with a Cadillac XTS, which has an original starting price of $44,600.

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Source: GOBankingRates , US News & World Report

Buffett doesn't spend much on technology, at least when it comes to his mobile phone. He still uses a flip phone instead of a smartphone.

 

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Source: Business Insider

Buffett isn't a fan of high-end designer suits. He only wears suits of which he owns about 20 made in China by designer Madame Li.

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Source: CNBC

Buffett tops off his style with an $18 hair cut.

 

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Source: Marketwatch

Buffett eats the same thing every morning for breakfast McDonald's. He spends no more than $3.17 on his order.

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Source: Business Insider

He also likes to treat his buddy Bill Gates to lunch at McDonald's which he's paid for with coupons in the past.

 

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Source: GOBankingRates

Buffett is also a fan of Coca Cola; he has said he typically drinks five Cokes a day so you can imagine he spends more on the beverage than the average person.

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Source: GOBankingRates

Compared to other CEOs, Buffett doesn't spend a whole lot on his hobbies. He plays bridge for about 12 hours a week.

 

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Source: Business Insider

Buffett also likes to hit the green for some golf but he doesn't spend his money on fancy golf clubs. "I'm a member of every golf club that I want to be a member of [] I'd rather play golf here with people I like than at the fanciest golf course in the world," he once said in a Q&A.

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Source: GOBankingRates

He also puts a lot of money toward books. He's said he has a "disgusting pile" of books by his chair, and he spends 80% of his day reading.

 

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Source: Business Insider CNBC

Buffett once spent $100 to take a Dale Carnegie course on public speaking. It helped him propose to his wife, he said.

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Source: Business Insider

The one thing Buffett has splurged on is a private jet. He told CNBC, it's "the only thing that I do that costs a lot of money."

 

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Source: CNBC

But that wouldn't be possible without his wise investing strategies. It takes money to make money while 99% of Buffett's net worth is tied to Berkshire Hathaway, he invests the other 1%.

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Source: Forbes

He purchased shares in Wells Fargo "a long, long time ago," but it's unclear what his stake in the company is.

 

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Source: Forbes

He also purchased 2 million shares, an 8% stake, in Seritage Growth Properties for a total estimated cost of $73 million.

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Source: Forbes

He also owns an undisclosed amount of JPMorgan stock. He's said to be a fan of the bank's CEO, Jamie Dimon.

 

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Source: The Motley Fool

But not all his investments have been wise back in 1951, he bought a Sinclair gas station with a friend. The Texaco station across the street was more popular, and he lost $2,000 out of his $9,600 savings.

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Source: Forbes

Buffett spends most of his billions on philanthropy; he's considered one of the most generous philanthropists in the world, having donated more than $46 billion to causes since 2000.

 

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Source: CNBC

He teamed up with Bill and Melinda Gates in 2010 to form The Giving Pledge, an initiative that asks the world's wealthiest people to dedicate the majority of their wealth to philanthropy.

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Source: Business Insider

In 2016, he donated $2.9 billion to various charities, including The Bill and Melinda Gates Foundation and the Susan Thompson Buffett Foundation, in honor of his late wife.

 

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Source: Business Insider

Buffett, through the Susan Thompson Buffett foundation, has donated tens of millions to the Planned Parenthood Federation of America and the National Abortion Federation.

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Source: Inside Philanthropy

He donated even more to the Bill and Melinda Gates Foundation in 2018 around $2.6 billion worth of Berkshire Hathaway stock.

 

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Source: FORTUNE

That same week, he donated about $800 million in Berkshire Hathaway stocks to the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation.

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Source: FORTUNE

Buffett only plans to leave his kids $2 billion each; the rest of his fortune will be donated to philanthropic causes. He once said he wants to leave his children "enough money so that they would feel they could do anything, but not so much that they could do nothing."

 

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Source: The Washington Post

There is one thing money does buy for Buffett personally, he said in a CNBC interview: Freedom.

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Source: CNBC

"My life couldn't be happier" he once said. "In fact, it'd be worse if I had six or eight houses. So, I have everything I need to have, and I don't need any more because it doesn't make a difference after a point.

 

 

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Edo investor Okunbo unveils $750m farm

 

A $750 million farm project with an initial investment of $300 million targeted at creating 25,000 direct and 60,000 indirect jobs, has been unveiled in Benin, the Edo State capital.

Unveiling the project in a presentation to Governor Adams Oshiomhole, the investor, Capt. Hosa Okunbo, explained that it has been his dream vision  to go into such project.

Okunbo, who introduced his Technical and Financial partners from the San Carlos Group in Mexico, explained that the farm, located at Odighi and Odiguetue in Ovia Northeast Local Government Area, has already taken off with an $11 million on a 20-hectare Green House vegetables farm. The products are to be exported.

He said: “I want to present to you what I call my vision, my legacy, something that I have been nurturing in the last four to five years.

 

“Why this is very important to me is, as a pilot I conquered my profession at the age of 30 and I left. I went into shipping. With over 60 vessels, I have conquered the sea.

“Now, I want to conquer the land before the land takes me.”

According to the presentation, the farm is expected to produce cash and arable crops such as cocoa, pineapples, pawpaw and banana.

Other products are livestocks, including cattle, poultry and piggery, just as it will also engaged in the production of tilapia – all targeted at export and meeting local protein and milk requirement.

The farm also has plan for Agro Industrial Park and Airstrip to evacuate products to Europe and elsewhere.

Responding, Oshiomhole commended Okunbo for the initiative and expressed his delight at the project, saying “one way to help our communities is how to create jobs”.

“The objective of Wells Farm complements the Federal Government’s policy on food security and jobs creation. I think you are on the right path and I am excited that you come from this state.

“Our government is committed to supporting you. Capt, you can take that for granted. I am also happy to note from your presentation that it is a diversified farm.”

 

Calling for encouragement of local investors, the governor explained that Edo State was planning to create a one-stop desk on issues relating to agriculture.

He told the Mexican partners that despite the country’s challenges, returns on investment in Nigeria were higher than elsewhere.

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