Fred Mwangaguhunga was born in Washington, D.C., USA, to immigrant parents from Uganda, and is an entrepreneur and former corporate lawyer, best known as a founder of the gossip website for celebrities called the Media Take Out in 2006. Fred is earning most of his money thanks to the ads on his site, and he has significantly increased his net worth since its foundation.
Have you ever wondered how rich Fred Mwangaguhunga is, as of mid-2016? According to authoritative sources, it has been estimated that Fred Mwangaguhunga’s net worth is as high as $10 million. In addition to having a popular website, Fred is a lawyer, and has also worked as a wedding videographer, and had few small businesses that have improved his wealth.
Fred Mwangaguhunga Net Worth $10 Million
Fred Mwangaguhunga grew up in Queens, New York City, and studied law at John Jay College of Criminal Justice, and later at Columbia University. He worked as a Wall Street lawyer for a few years before making enough money to start his own business. Fred’s idea of launching an online laundry service proved to be a good one – the service called Laundry Spa basically offered clients a schedule for their pickup and delivery time, choosing the fragrance they wanted to use in the process, and Fred and his wife picked-up the loads, and then delivered them back to the customers.
The business took off well, and Mwangaguhunga sold it and entered into the blogging world, so he created a Yahoo account and bought a domain. In 2006, he came up with the idea of founding the urban website with celebrity stories, and the Media Take Out was born. The first six months of operations weren’t profitable, but then the site expanded and started to generate a lot of money into his bank account. The MediaTakeOut.com was the first to announce such stories as Chris Brown’s assault on Rihanna, the Jennifer Hudson family tragedy, and TI’s arrest, among others. The website has over 650,000 registered users and also has 16 million unique visitors and 300 million page views a month, making it as one of the most popular sites of its kind.
The website’s orientation is mainly on African-American celebrity content and is the sixth most visited entertainment site in America only behind others such as Yahoo’s OMG, MSN’s Wonderwall, TMZ, People Magazine, and the TV Guide. It’s better ranked than E! Online, Access Hollywood, Perez Hilton, Entertainment Weekly and Us Magazine. In 2008, some of the biggest advertising companies realised that MediaTakeOut.com was generating a lot of traffic, and since then, Fred Mwangaguhunga has made millions of dollars thanks to advertising on his website.
Regarding his personal life, Fred Mwangaguhunga is married but except for that information, he has kept the most intimate details of hois life out of the public eye.
