dukeprince50:
let me give you a secret, but if u must mention, do not insult, i just felt like teaching you. cars are not assets, the house you live in is not an asset, they are all liabilities. ponder on this.

Lol.

In financial world, they're assets and not liabilities. We are talk professional here and not some sentimental feelings. I'm a certified Appraiser and Chartered Valuer by profession. Learn from professionals in public forum.

Have you seen a Balance Sheet before or audited financial statement of any publicly quoted company? If you've not, run a search on the internet to educate yourself.

We have Tangible and intangible assets

Tangible are the assets you can touch like cars, houses, machines, aircrafts etc, intangible are Goodwill, Patent, Trade Mark, intellectual property.

Enough, before I render free service

thebosstrevor:
anybody that believes this Forbes nonsense is dumb

which billionaire on earth will tell you how much they are really worth if they let the world know their real wealth, do you know how many tax collectors will start knocking at their door

the Forbes list is just for your entertainment and argument, it is nothing more than that.

There is something called research. You can't just dismiss the output of a company that has over 1000 employees who resume at work everyday with a mandate to research wealth of people.

Not 100% accurate, yes; but to be dismissed, nah. Forbes is still the world's authority on wealth tracking.

Aderewah:
Where's davido's father now??

People be using the word billionaire anyhow in this country. Shebi you hear now. There are only four billionaires in the country. I don't think davido's father is worth more than $200m

u get job so? Out of 200m ppl wey day dis country Na 1 person Papa u c bring comot. Envy no go kill una.

Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

But, I respect Igbo People the more for making him rich. If not for massive development in the South that requires Cement, he wouldn't have made it to Forbes. hungry Alamajiri wey never chop, na house e go build ?

This is a daft assessment of the reality.

greatface:
Inspite of what the current government of apc/buhari will want us believe about economy booming under thier watch, i never believed them and here it is reflecting in dangote's wealth.

True, because not many people r building

Jarus:


There is something called research. You can't just dismiss the output of a company that has over 1000 employees who resume at work everyday with a mandate to research wealth of people.

Not 100% accurate, yes; but to be dismissed, nah. Forbes is still the world's authority on wealth tracking.

which research? are they a research company or a media company

forbes is a media company selling sensational business news to people. most of their billionaires' list are just estimate which they got by using publicly disclosed data.

The bull

Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

But, I respect Igbo People the more for making him rich. If not for massive development in the South that requires Cement, he wouldn't have made it to Forbes. hungry Alamajiri wey never chop, na house e go build ?

I don’t know who this person is ! But am 100% sure he doesn’t even have a land talkless of building a house !!!!

greatface:
Inspite of what the current government of apc/buhari will want us believe about economy booming under thier watch, i never believed them and here it is reflecting in dangote's wealth.

Billionaires' wealth take a dip for many reasons. Even Bill Gates sometimes take a dip and lose his position at the top of the Forbes list.

Most of the time, it is always due to heavy investments.

Stop looking for every opportunity to blame Buhari.

kolaxed98:


Just tell us you are here to spill your same nonsense.

As an Igbo man, u read the news, saw no Igbo man there, got jealous.

Mtcheww

This doesn't change the fact that dangote adenuga alakija are richer than any Igbo men dead or alive and your entire Igbo generation.

Cursed jealous ppl.

Una too make noise when it comes to money we Igbos no dey join the group argument forget forbes magazine na individual dey benefit no be tribe if you're smart you will understand

BluntBoy:


Billionaires' wealth take a dip for many reasons. Even Bill Gates sometimes take a dip and lose his position at the top of the Forbes list.

Most of the time, it is always due to heavy investments.

Stop looking for every opportunity to blame Buhari.

You seem not to know that their wealth are measured with investments joined.

Take the advice by not trying every opportunity to canonize buhari.

greatface:
You seem not to know that their wealth are measured with investments joined.

Take the advice by not trying every opportunity to canonize buhari.

Really?

So, you mean to tell me that Dangote's wealth is measured with amounts invested in his refinery that is yet to open?

How would you measure money thrown into the business that has not begun to yield?

Ugosample:


that guy you are quoting is right

Dangote joined the oil party VERY LATE

Dangote Cement plus Sugar contributed a huge chunk to his wealth

With the support level from govt he is an artificial billionaire.

Dangote got many oil blocks from Babaginda. Go and read about how he made his wealth. Most of our wealthy people in Nigeria are not that smart. They didn't create anything. They invented nothing. If a fool got oil block, he will become a billionaire. Just find a foreign company, lease it to them and watch ur bank account. If the dullest man in the world got a sole importation right for rice, he will become a Billionaire. I have zero respect for all those Naija Billionaires. Do you know how many people Dangote trucks have killed. Dangote killed Nigeria Railways so that his trucking biz can thrive. Dangote has lot of blood in his hands. Our foolish artistes in their stupidity will be using them to sing. Praising ur oppressors in songs.

Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

But, I respect Igbo People the more for making him rich. If not for massive development in the South that requires Cement, he wouldn't have made it to Forbes. hungry Alamajiri wey never chop, na house e go build ?

BluntBoy:


Really?

So, you mean to tell me that Dangote's wealth is measured with amounts invested in his refinery that is yet to open?

How would you measure money thrown into the business that has not begun to yield?

Tell me also how you can measure the worth of private cars and living houses which are recorded as assets by this ranking medias but in other platforms are been regarded as liabilities?

CodeTemplar:
With the support level from govt he is an artificial billionaire.

here we go again

saajus:
Dangote got many oil blocks from Babaginda. Go and read about how he made his wealth. Most of our wealthy people in Nigeria are not that smart. They didn't create anything. They invented nothing. If a fool got oil block, he will become a billionaire. Just find a foreign company, lease it to them and watch ur bank account. If the dullest man in the world got a sole rimportation right for rice, he will become a Billionaire. I have zero respect for all those Naija Billionaires. Do you know how many people Dangote trucks have killed. Dangote killed Nigeria Railways so that his trucking biz can thrive. Dangote has lot of blood in his hands. Our foolish artistes in their stupidity will be using them to sing. Praising ur oppressors in songs.

Dangote got an oil block

Do you even know what you are saying?

Dantata his cousin has been involved with oil, but not him.

He has said it again and again

He did not get rich via direct connections to oil


Instead he has made some impact in the Nigerian economy

Making NIGERIA a net sugar refiner from being one of the biggest importers of sugar

From building cement factories across the country from just being an importer

and now we are talking about refining oil from being one of the world's biggest importers of petrol.

He has paid his dues and deserve some respect

If he was the typical rent seeker in oil in Nigeria, do you think he would have come this far

davodyguy:

Lol.

In financial world, they're assets and not liabilities. We are talk professional here and not some sentimental feelings. I'm a certified Appraiser and Chartered Valuer by profession. Learn from professionals in public forum.

Have you seen a Balance Sheet before or audited financial statement of any publicly quoted company? If you've not, run a search on the internet to educate yourself.

We have Tangible and intangible assets

Tangible are the assets you can touch like cars, houses, machines, aircrafts etc, intangible are Goodwill, Patent, Trade Mark, intellectual property.

Enough, before I render free service

you know someone who have read rich dad look dad without really understanding the concepts

those who say "cars and homes are not assets" are just taking a page from his book

but in reality they are both assets

but in some respects depreciable assets.

When baba refinery go finish naa?

dukeprince50:
let me give you a secret, but if u must mention, do not insult, i just felt like teaching you. cars are not assets, the house you live in is not an asset, they are all liabilities. ponder on this.

A depreciable asset and a liability is not the same at all.

A liability is an obligation to a THIRD PARTY (creditor or govt in the case of taxes most of the time)

A depreciable asset on the other hand are assets that potentially lose value over time


They are NOT the same.

Rich dad poor dad is a great book, but I do not agree with that his analogy on assets and liability

udemzyudex:
When baba refinery go finish naa?

I feel he is stalling because of the current govt

Jarus:


There is something called research. You can't just dismiss the output of a company that has over 1000 employees who resume at work everyday with a mandate to research wealth of people.

Not 100% accurate, yes; but to be dismissed, nah. Forbes is still the world's authority on wealth tracking.

exactly so

thebosstrevor:


which research? are they a research company or a media company

Mistake #1: Assuming that it's a media company, then she doesn't conduct research or has no research team.

forbes is a media company selling sensational business news to people. most of their billionaires' list are just estimate which they got by using publicly disclosed data

Mistake #2: If you had read the entire article, you will see that sources of data collection also includes lawyers, bankers, estimates of valuation if it's a private firm etc.

Mistake #3: We should disregard information from a firm that's authoritative on the subject for more than THREE DECADES.

Gerrard59:


Mistake #1: Assuming that it's a media company, then she doesn't conduct research or has no research team.



Mistake #2: If you had read the entire article, you will see that sources of data collection also includes lawyers, bankers, estimates of valuation if it's a private firm etc.

Mistake #3: We should disregard information from a firm that's authoritative on the subject for more than THREE DECADES.

Lol, our naija brothers can really talk. Disregard the research result to believe him own hear-say, lol

Dangote is naija version of jeff Bezos


Buy my 2008 vw jetta here in ibadan
08034290032

Chizuru01:
Dangote never made money through oil blocks. I respect him for that.

But, I respect Igbo People the more for making him rich. If not for massive development in the South that requires Cement, he wouldn't have made it to Forbes. hungry Alamajiri wey never chop, na house e go build ?

Awon developers developing billionaires not in their own tribe.

Charity begins at home. Buy Ibeto cement and make him a billionaire

Effing delusional morons

I am happy for them.

davodyguy:

Who told you that it means they're that liquid? It's a combination of fixed, movable and current assets, not only cash in hand or in bank.

If I have 10 cars with each valued at ₦10million
And I ha e only ₦3milion cash in bank.

My total assets would be ₦103 million

But that's not your networth

sacluxisback:


But that's not your networth

What’s his net worth?

You are ignorant dude.Mike Adenuga was born with a silver spoon.His parents especially the mother were wealthy and affluent by the standard of the 50s and 60s.They owned the biggest sawmill in Ibadan and they could afford to send him to school abroad.

Yankee101:
Adenuga is one of those guys to call and get angry because they say he is not as rich as he should be. Some people are rich but because they suffered too much while growing up the mentality of poverty never left them. Enter Adenuga.

Buhari happened to Dangote. Everyone wants him gone but don't want to say it openly because they need to protect their business interests.

That's why when Buhari added him to his campaign he protested sharp sharp. No carry your bad luck finish me be association.

GEEBITE:
You are ignorant dude.Mike Adenuga was born with a silver spoon.His parents especially the mother were wealthy and affluent by the standard of the 50s and 60s.They owned the biggest sawmill in Ibadan and they could afford to send him to school abroad.

I don't know if you know the meaning of 'rich. It's different from comfortable.

I live in the US. I schooled in the US. I own businesses. Compared to 1billion dollars I definitely won't say I'm rich.
But by your sawmill and school abroad standards
I'm more than rich. If you want to talk about born rich, talk of Dangote. Do your calculations before you call people ignorant.

Maybe what is covering your eyes is 'pooverty' as Oyedepo pronounces extreme lack.

The more reason Dangote doesn't want to support Buhari's inept government