The son of billionaire socialite, Ismailia Mustapha, popularly known as Mompha has been featured on a UK-based news outlet, The Sun, and has been touted by the outlet as the “world’s youngest billionaire”.
Describing the nine-year-old boy as a “real-life Richie Rich”, the report mentioned that he has a fleet of supercars to play with, however, he’s too small to reach the pedals.
“Mompha Junior, claimed to be the world’s youngest billionaire, owned his first mansion aged six and travels the globe by private jet”, the outlet wrote.
The media outlet while posting some pictures of the boy noted that “the pint-sized pre-teen influencer, whose real name is Muhammed Awal Mustapha, shows off his ‘blingtastic’ lifestyle to his 25,000 followers on Instagram”.
One post shows him on the bonnet of a cream Bentley Flying Spur which he said his dad bought for him as his first car. In another, he poses in front of a red Lamborghini Aventador dressed head to toe in designer clothes. He captioned the post: “Happy birthday to me”.
More flashy motors including a yellow Ferrari can be seen parked outside one of his sprawling luxury homes in Dubai.
It is worth noting that the report also talked about the father of the boy. It described him as a “multimillionaire Nigerian and internet celebrity who goes by the name, Mompha”.
According to the report, Mompha senior has tastes just as expensive as his son, and is known for his extravagant spending and A-lister lifestyle. It noted that He shuttles between his homes in Lagos and the UAE and shares pictures with over a million Instagram followers. Pictures show him holding wads of banknotes, staying at seven-star hotels, and driving in ‘hypercars’. Mompha bought Mompha Jr his first mansion for his sixth birthday in 2019, the report indicated.
Mompha reportedly wrote at the time: “Owning your own home is one of the best feelings ever. It can’t be described in words, it can’t be quantified in money.
“Homeownership is a feeling that makes life’s daily grind worth facing. It reassures you that after all the ups and downs you have a place to go…. A place that will never judge you and always invite you with open arms… Congrats My Son on your New Home. Your birthday gift from Daddy”.
Mompha
The report indicated that the proud dad also claimed Mompha Jr’s achievements should be celebrated in their own right. He wrote on Instagram: “The youngest landlord who wears Gucci and still owns a house. He deserves some accolades cos he has paid his dues in full”.
The news outlet also made reference to Mompha’s court case. Mompha is said to have made his fortune from a bureau de change business in Lagos before moving into investments. However, he is now facing criminal charges accused of laundering more than 10million Euros.
Earlier this month, a court heard claims by Nigeria’s anti-corruption agency that Mompha hid his wealth in luxury watches and other “movable assets”.
He was remanded in custody to await trial, and then released on 350,000 Euro bail, according to local reports.
UK Sun according to the report, concluded that “Nigeria has embraced conspicuous consumption with its own generation of Rich Kids of Instagram flaunting their private jets and jewels”.
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