Akon net worth revealed after singer launches cryptocurrency AKoin

  • Rapper Akon announced plans to launch a crypto-currency of his own creation
  • The digital currency is called AKoin and he hopes it will be the 'savior of Africa'
  • Akon unveiled a proposal for a futuristic 'real-life Wakanda' in his native Senegal

Akon is making the jump from music to crypto-currency.

On Thursday, June 21, the rapper unveiled plans to build a city in his native Senegal that trades in a yet-to-come currency called AKoin, after himself. 

According to the Akon Crypto City proposal, it'll be a 'real-life Wakanda' — a reference to the city featured in Marvel's Black Panther. 

Akon unveiled plans for a futuristic city in Senegal that runs entirely on a crypto-currency called AKoin

Akon unveiled plans for a futuristic city in Senegal that runs entirely on a crypto-currency called AKoin

The 2,000-acre city, located near Senegal's capital, will be full of colleges, lower schools, a sports stadium and an airport.   

Akoin's website says every inch of land has been granted to the project by Macky Sall, Senegal's President.

The site touts the city as 'the first 100 per cent crypto-based city with AKoin at the center of transactional life'.

Sky News reported that Akon wants AKoin and Akon Crypto City to be the 'savior of Africa in many ways'.

Before you pack your bags and head for Akon Crypto City, here's what you need to know.

Who is Akon?

Akon, born Aliaume Damala Badara Akon Tiam on April 16, 1973, is a musician and business man. He was born in America, but spent a portion of his childhood in Senegal, Africa and now considers that his home.

Akon found success in the music industry in the yearly 2000s with the release of his first single, Locked Up. His growing success allowed him to create two record labels, Konvict Muzik and Kon Live Distribution.

He's regarded as the first solo artist to be featured in the number one and two spots on the Billboard Hot 100 chart twice. He was listed in the Guinness Book of World Records as the number one selling artist for master ringtones in the world at one point as well.

Akon told Blender he has six children with three different women. The women were not identified, however. He keeps his personal life out of the public eye for the most part.  

Akon net worth

According to Celebrity Net Worth, Akon's net worth is $80 million (£60.3m). 

How did Akon make his money?

Akon made the majority of his money in the music business. He released three successful albums, called Trouble, Konvicted and Freedom, and started Konvict Muzik and Kon Live Distribution. 

In 2014, Akon started a project called Akon Lighting Africa. The venture brought electricity to 15 countries in Africa. He has a charity in Africa called Konfidence Foundation, as well.

The foundation aims to provide aid to underprivileged youth.

Akon is the partial owner of a diamond mine in South Africa, which no doubt sees a nice profit.  

Akoin price

AKoin doesn't exist yet, so there is no price for it. You can visit their website and subscribe for updates. 

Akon Crypto City

Akon Crypto City will be a futuristic city located in Senegal. It'll be the first city completely reliant on crypto-currency. 

The website says that Akon Crypto City will be built on 2,000 acres of land and include colleges, schools, stadiums and more. 

They expect to have a timeline for the city's completion soon. 

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