Akash Sharma, 18, received a $5 million investment from a rich Kuwaiti student allowing the young entrepreneur to turn his little blog into a million dollar media company. Salem AlAttar is a university student currently studying in Vienna, who was born into a rich Kuwaiti family, ever since he met Akash he knew that he would be the perfect entrepreneur to invest with.
Sharma tells Classy Bro, “It was shocking, seeing that many 0’s in my bank account [laugh] but at the same time I knew that I had to take it seriously, it’s not money OTH can throw away and spend, it’s money that we got to use wisely. $5 million may seem like a lot but it can go quickly if you’re not careful.”
OfficiallyTheHottest.com was a small blog Akash made at the age of 16, it reported the latest hip hop news and music that he found interesting. “Back when I first started OTH it was just me posting content that I found interesting, looking at OTH now it’s not just me but a whole team posting content that our readers will find interesting.”
Sharma talks about the expansion of OTH and what he hopes to achieve by the end of 2013. “I’m turning OTH into a media company, Officially The Hottest Inc. that’s my September goal, I’ll also be opening up a record label, clothing line, and charity to help young kids. I really want to make a difference in the world, I don’t want OTH to be a company that doesn’t give back.”
On August 19th 2013, Akash closed down OfficiallyTheHottest.com and reopened it on the 31st August 2013 as the main website for Officially The Hottest Inc., all entertainment news will now be posted on OTHMag.com. Akash Sharma, Gagan Alag and Payal Vitha are the main owners of Officially The Hottest.