Rich Man who Made N3m Monthly and Had a Car Goes Broke, Spotted Selling Nose Masks on the Street

• A man named Robert Muthee initially worked as a casual labourer at Bidco company, Kenya before resigning in 1998 to do personal business
• Muthee ventured into photography and would make KSh 1 million (N3,709,345) per month before his fortunes experienced a downturn
• A KSh 200,000 (N741,869) shylock loan from a friend changed his life and plunged him into debts forcing the man into selling masks to survive

Before things fell apart, Robert Muthee, currently selling masks in Thika Town, Kenya was living life in the fast lane.

To start off, Muthee worked as a casual labourer at Bidco company before resigning in 1998 to do personal business.

While speaking to The Standard, the businessman said he ventured into photography and became a freelancer where people would hire him to take photos and videos for a fee.

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In 2002, Muthee said he opened a studio that became an instant success as he would make up to KSh 150,000 (N556,401) per day.

"On a bad month, I would make averagely up to KSh 250,000 (N927,336) but I would earn up to KSh 1 million on a good month," said Muthee.

He added that the job enabled him to meet several household names including businessman Manu Chandaria and several presidents.

Shylock

During the interview, Muthee reminisced how he had equipment worth KSh 2 million (N7,418,690) in his office, a new car and did not owe anyone.

However, one day, he said his shylock friend came to his office with KSh 200,000 in cash. This would be the beginning of his tribulations.

The hawker said the shylock offered him the money which he was to return after one month with KSh 40,000 (N148,373) on top as interest.

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"My problems started when I took the money. Initially, I did not owe anybody. I took the money and I was to pay KSh 240,000 (N890,242). I thought if I bought more accessories for my job, then after one month, I would have made profit and pay back his money," he added.

However, at the end of the period, Muthee said he had only raised KSh 180,000 (N667,682).

"When he returned, I offered him the KSh 180,000 (N667,682). He demanded the KSh 20,000 (N74,186) which I did not have. He said he would allow me to pay the remaining KSh 60,000 (N222,560) after a month with an interest which was about KSh 72,000 (N267,072)," he said.

Sold his car

Muthee said due to the debt cycle as he had to take a loan from another shylock, he had to sell his car.

However, as he wanted to maintain his lifestyle, he decided to get another car and the company he was working for, Jango Foundation, financed it. He would again fall into financial troubles and sold the vehicle.

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He said he lost friends as he was unable to repay their debts.

Selling masks

To get back to his feet, Muthee started washing cars in his neighbourhood.

After washing them for a while, he turned to hawk masks in Thika Town which is his current hustle.

While in the streets, he said he sometimes overhears people gossiping about how he had money and he is now struggling.

He disclosed that he has been able to pay about KSh 1 million (N3,709,345) debt from the mask business.

Broke Libya returnee turns millionaire in Nigeria

Meanwhile, Legit.ng previously reported that a man who returned from abroad broke had become a millionaire in Nigeria.

In an exclusive interview, the man shared how he returned from Libya broke, with nothing to show for his desperate journey.

The man could not hold back tears after Legit TV correspondent, Damilare Okunola, informed him that a kind man, Xolane Ndhlovu, founder and chairman of DafriGroup, sent him the sum of N1.5m.

Source: Legit.ng