By Samuel Aleshinloye
News One

Fred Mwangaguhunga has an MBA and a law degree from Columbia University, once worked on Wall Street, and is now the founder and owner of the urban gossip site MediaTakeOut.

“More so than being a lawyer, more so than being an investment banker, I want to go out there and do business,” Mwangaguhunga told TheUrbanDaily. In his interview he stressed his lifelong interest in being a business owner. He says that while others spent the money they earned on Wall Street, he saved up so as to be able to affort future business ventures.

He paid a little less than $600 to start MediaTakeOut.com, according to BlackEnterprise.com. MediaTakeOut now boasts 14 million page views a day, and is a multi-million dollar business. Mwangaguhunga can surely retire on the revenue MediaTakeOut brings in, but we don’t see him quitting anytime soon.

Click here to continue reading this story, and to see the interview.