ypzilanti:

They are not stingy if they are giving millions to charity na. They are just not 'flashy' people. Money does not move everyone in the same way although it drives most people crazy.

I meant stingy to themselves

ocelot2006: Impressive. Besides, cars are not assets but liabilities. I'll invest in assets like real estate.

Cars are assets, not liabilities. But unlike real estate, cars depreciate in value and cannot be used as an investment.

Ignorant Nigerians.

these may be they cheapest cars they drive. Who no like better thing.

OMO Ingvar Kamprad NA WA OGA ..U STINGY OO..at least get a ford.....SUV na baba

ghananotnaija:

Cars are assets, not liabilities. But unlike real estate, cars depreciate in value and cannot be used as an investment.

Ignorant Nigerians.

seems you are not too well. What that dude you replied to meant is that cars are liabilities as you will have to spend a lot of money to maintain it except if you want it to depreciate quickly. You are a very sttupid Ghananian coming on a Nigerian site to insult Nigerians that own the site. PLEASE LEAVE THIS SITE AND NEVER RETURN! YOU ARE NOT NEEDED!!!!!


PRYING GHANANIAN!!!!!!!

@ manny4life,yes i agree with your comments but my m.d is a good example with him i ha've learnt only humility but the ability 2 give and share.d same man dedicate 50 million annually 4 prisons in portharcourt,he has build well over 100 flats for less privilege ppl, he has bought over 100 speedboat for fishermen and alike in the nigerdelta.haba d man de try though he is the type who doesn't want press around him hence you will read this things in dailies

Humility is not judged before God by the kind of car or house you own. It is judged by your attitude towards God and man remember. Our obedience to God's word is the key thing.

teejay_3009: Believe it or not, there are still quite a lot of humble billionaires out there. Here are the top ten billionaires who actually drive inexpensive cars.

Phil Knight

Philip Hanson Knight or better known as Phil Knight was born on February 24, 1938 and is a philanthropist and a business magnate. He is the chairman and co-founder of Nike, Inc and has served as the CEO of the company. In 2011, Knight has an estimated net worth of $14.4 billion and claimed the 47th position in the list of world’s richest people. He is a humble billionaire and has already donated hundreds of million of dollars to different schools. Despite his billion net worth, he owns an Audi R8 costing only $120,000.

Michael Bloomberg

Michael Rubens Bloomberg is a financial data mogul and the 108th mayor of New York. He was born in 1942, began his career and built a securities brokerage company in 1981. He served as one of the chairman of the board at Johns Hopkins University from 1996 to 2002. He has a net worth of $27 billion and has been known as the 7th-richest person in the United States. He was pushed to run as an independent candidate for the US presidential elections but chose not to seek presidency and decided to give his time and serve New York instead. Mayor Bloomberg drives and Audi R8 worth $120,000 that goes from 0 to 60 mph in approximately 3.2 seconds.

Michael Dell

Michael Dell is an author, philanthropist, and a business magnate. He is known to be the CEO and founder of Dell Inc., which is one of the leading personal computers sellers in the world. Dell has 243 million shares of stocks in the company that is worth $3.5 billion, which represents 12% of the company. He has other assets worth approximately $10 billion and had it invested in other companies. He then made a bid to make the company private for $24.4 billion. An with all his assets, he chose to drive an edgy 2004 Porsche Boxter with a price tag of only $80,000.

Warren Buffet

Although he is often accuse of being a miser, Warren Buffet still holds the third spot in the list of world’s richest people. He is the CEO, chairman, and the primary shareholder of Berkshire Hathaway. Buffet is coined as the “Wizard of Omaha” because of his frugality and his adherence to the value investing philosophy. Buffet donates some of Berkshire’s profits to several charity organizations. He drives a Cadillac DTS but don’t be intimidated with the car brand; it costs only $45,000.

Francois-Henri Pinault

Francois-Henri Pinault was born in 1962 and is a renowned French businessman. He is also the CEO of PPR. He started as the company’s manager in 1988 and was appointed CEO in 1993 after being the CompagnieFrançaise de l’AfriqueOccidentale or CFAO for three years. In 1997, he became the CEO of Fnac. His love for computers led him to develop the company’s Internet activities in the 1990s. On top of it, he also happens to be married to the lovely Salma Hayek. This super rich clothier drives a Lexus SUV worth only $40,000.

Laurene Powell Jobs

Born in 1963, Laurene Powell Jobs is the wife of the late Steve Jobs. She is an American business executive and is the co-founder and President of the Board of College Track. She also became a co-founder and the CEO of Apple Inc. Not everybody knows that she controls the $3.9 billion worth of stake in the Steven P. Jobs Trust in the Walt Disney Company. She drives a silver Audi A5 with the price of approximately $40,000.

Alice Walton

Alice Walton is the one and only heiress of the Wal-Mart fortune. She also owns the second spot in the list of the world’s richest women. Walton did have her own fair share of extravagant living as she owned a lot of Porsches over the past years. But because of an incident where she accidently ran over a woman, she decided to stay away from those luxurious cars. She now uses a 2006 Ford F-150 King Ranch, which costs only $40,000.

Mark Zuckerberg

Who wouldn’t know Facebook’s CEO and founder, right? Mark Zuckerberg is one of the youngest billionaires in the planet. But he definitely does not want to show the world all his wealth, as seen in the car that he chooses to drive. In fact, he is the youngest billionaire in the list who owns a very inexpensive car – an Acura TSX that costs only $30,000.

Steve Ballmer

Steve Ballmer, born in 1956, is considered one of the wealthiest men in the world. He is an American businessman and is currently Microsoft’s CEO. As of 2012, his net worth was estimated to be approximately $15.7 billion, landing him on the 19th spot on the Forbes 400. As humble as he is, he decided to go for a fairly modest automobile, driving a Ford’s Hybrid Fusion that retails for about $19,000.


Ingvar Kamprad

Ingvar Kamprad is the founder of Ikea and has a net worth of at least $28 billion. Other billionaires may have chosen cheap cars and can be deemed as humble, well-grounded people. But if being thrifty is concerned, nothing beats Kampard as he chose to drive a humble Volvo 240, which only costs $1500. Aside from that, he prefers to take the bus from time to time.

http://www.therichest.org/nation/the-top-10-billionaires-who-drive-the-cheapest-cars/

Seun Osewa



Seun Osewa, nerd, computer programmer and businessman. Started his company Nairaland in 2005 and since then the company has grown to become Nigeria’s number one website worth…*coughs* worth…2 billion…*coughs*…sorry excuse me but I don’t want to say one thing and my Oga at the top will say another thing…or send his pyguru to ban me…*

Anyway, he rides a Python Mountain Bicycle worth £139.99 because he believes cars pollute the environment. That’s what I call humility.

2scorehigh: Seun Osewa


Seun Osewa, nerd, computer programmer and businessman. Started his company Nairaland in 2005 and since then the company has grown to become Nigeria’s number one website worth…*coughs* worth…2 billion…*coughs*…sorry excuse me but I don’t want to say one thing and my Oga at the top will say another thing…or send his pyguru to ban me…*

Anyway, he rides a Python Mountain Bicycle worth £139.99 because he believes cars pollute the environment. That’s what I call humility.

Billyonaire: The look like peasants, no normal human will have billions and decide to live like a commoner, I think something is wrong with their brains, they look like losers. Just look at their silly eyes.

Really? Were you born daft or is it something you have grown into?

ghananotnaija:

Cars are assets, not liabilities. But unlike real estate, cars depreciate in value and cannot be used as an investment.

Ignorant Nigerians.

Oga Ignorant...read between the lines...the car is a liability because money has to be spent to operate and maintain it and it is not being used as a taxi to replace money spent on it. @Op...interesting post... hopefully would open some eyes. Pic for Warren Buffet's car is a Lincoln Continental ...not Cadillac.

Originalsly: Oga Ignorant...read between the lines...the car is a liability because money has to be spent to operate and maintain it and it is not being used as a taxi to replace money spent on it. @Op...interesting post... hopefully would open some eyes. Pic for Warren Buffet's car is a Lincoln Continental ...not Cadillac.

if thats your definition of a liability then its you who is ignorant. A car can be an asset if its used productively, if a your car is the reason you are never late for appointments that could potentially fetch money then its an asset. At this point the defition of an asset is subjective,relative to its input to the productivity of an individual.

Originalsly: Oga Ignorant...read between the lines...the car is a liability because money has to be spent to operate and maintain it and it is not being used as a taxi to replace money spent on it. @Op...interesting post... hopefully would open some eyes. Pic for Warren Buffet's car is a Lincoln Continental ...not Cadillac.

Do you even know what a liability is? Go buy a dictionary if you can afford it! It's an asset because you can sell it for money. A liability is a debt obligation.

ghananotnaija:

Do you even know what a liability is? Go buy a dictionary if you can afford it! It's an asset because you can sell it for money. A liability is a debt obligation.

Do you think you can outsmart a Ghanaian? You are, after all, just a Nigerian.

you r a liability to this forum

babe_online:
seems you are not too well. What that dude you replied to meant is that cars are liabilities as you will have to spend a lot of money to maintain it except if you want it to depreciate quickly. You are a very sttupid Ghananian coming on a Nigerian site to insult Nigerians that own the site. PLEASE LEAVE THIS SITE AND NEVER RETURN! YOU ARE NOT NEEDED!!!!!


PRYING GHANANIAN!!!!!!!

Ok I have to clarify. I'm saying all this stuff against Nigerians in jest only. Jeez I live in Lagos, so I don't hate Nigeria that much, but dowjones is right, you're mistaking the definition for the word "liability".

Alice Walton, Only Heiress Of The Wal-mart Fortune? The Name Ann Walton Kroenke Rings A Bell. She's Part-Heiress To The Fortune Too.
That's The Good Thing About Being A Billionaire, You Can Do 'Whatever' You Like.

These are the people that understood this world.
I have seen Nigerians that don't worth 25% of these peoples asset, yet they own more cars that separately costs more than these billionaires' cars.
Timaya will tell you that he has this and that. My landlord has two sequia(toyota).
None of them (these billionaires) owned the latest toyota or mercedes models or customized but 2004 models.
We still have a long way to go.

pro01: Smh. How can they be blessed with so much and yet fail to enjoy the abundance God endowed them with? They should take lessons on how to "live in the richness and fullness of Christ's blessings" from Nigerian billionaires pastors such as Ole-depo and Adeb-ole.

.

Comot dia!!!! MAY GOD FORGIVE YOU......mschew

Their choice,their taste. Nxt...

ghananotnaija:

Ok I have to clarify. I'm saying all this stuff against Nigerians in jest only. Jeez I live in Lagos, so I don't hate Nigeria that much, but dowjones is right, you're mistaking the definition for the word "liability".

how will you be in a country where you hate the people that own it? Please if you know you hate Nigerians that much then I advise you to kindly go back to Ghana. By the way on the issue at hand what I discovered is that "a car MAY be an asset, but it’s one that incurs expenses and gives rise to liabilities over time".

babe_online:
how will you be in a country where you hate the people that own it? Please if you know you hate Nigerians that much then I advise you to kindly go back to Ghana. By the way on the issue at hand what I discovered is that "a car MAY be an asset, but it’s one that incurs expenses and gives rise to liabilities over time".

I am in Lagos temporarily for business. Leaving it just because of the fact that I can't stand the country would be too costly.

A car is ALWAYS an asset. It doesn't matter if it incurs expense or whatnot. It's not an liability. You simply don't know what those two words mean. Maybe if you're smart enough, you'll find out why by looking at a dictionary. But from the looks of it, even after going through the dictionary you'll still be convinced that you were right.

ghananotnaija:

I am in Lagos temporarily for business. Leaving it just because of the fact that I can't stand the country would be too costly.

A car is ALWAYS an asset. It doesn't matter if it incurs expense or whatnot. It's not an liability. You simply don't know what those two words mean. Maybe if you're smart enough, you'll find out why by looking at a dictionary. But from the looks of it, even after going through the dictionary you'll still be convinced that you were right.

Having seen the replies on here, let's test your knowledge on what an asset/liability is.

For an equipment (car) to be an asset, does it have to appreciate in VALUE? True or False?

manny4life:

Having seen the replies on here, let's test your knowledge on what an asset/liability is.

For an equipment (car) to be an asset, does it have to appreciate in VALUE? True or False?

Of course not, an asset can appreciate or depreciate in value. I'm not stvpid.

By the way, that was not a true or false question.

cool