“I Lost 19 Million at 19, But Gained a Global Brand”_ Mr Eazi

 

Image : twitter (X) 

Afrobeats singer and entrepreneur Mr Eazi has revealed how he lost a staggering ₦19 million in a failed diesel business deal when he was just 19 years old.

The “Skin Tight” hitmaker shared that at the age of 19, he boldly ventured into the oil and gas sector with the hope of supplying diesel to telecommunications giant MTN. To finance the business, he raised a total of ₦19 million from two key sources: his uncle and a friend’s father. However, the deal unexpectedly crashed when deregulation of fuel prices hit the market, forcing him and his partners to sell off at a huge loss.

Speaking about the experience, Mr Eazi admitted it was a painful setback but emphasized that it became a defining lesson in his entrepreneurial journey. According to him, that early failure prepared him for the resilience needed to succeed both in music and in business. Today, Mr Eazi is not only recognized as one of Africa’s global music exports but also a successful entrepreneur with investments spanning tech, music distribution, and creative industries.

Despite the financial loss, social media users had mixed reactions, ranging from shock to admiration of his drive at such a young age.

Social Media Reactions

mayor_xxx wrote: “#19M gone, but the experience turned him into the man he is now”

BhadJayy added: “19Million at 19 lol.”

Araboriota reacted: “At 19 most people are still asking parents for pocket money. Even though the business failed, the experience Mr. Eazi gained was worth more than the #19m. No wonder he built himself into a global brand later.”

Tumzy9 reacted: “I never still see 19million”

The story of Mr Eazi losing ₦19 million at 19 has now gone viral, further cementing his reputation as a risk-taker whose failures only paved the way for his eventual rise as a global Afrobeats star and investor.

SEE POST BELOW 

"At 19 I borrowed ₦19 million from my uncle to go into Diesel business, three months later the business crashed and I lost the whole ₦19 million"

— Mr. Eazi. pic.twitter.com/2JWkRzCK3S

— 𝐀𝐬𝐚𝐤𝐲𝐆𝐑𝐍 (@AsakyGRN) September 22, 2025

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