I just read on front page on Reno analysis about dangote fall in wealth.
How he fell from 23rd position in 2013 to 117 in 2021.
Now the basis of Reno omokri arguments is based on govt policies and how buhari bad economy policies has wrecked dangote.
Well from the comments on Frontpage, it's clear to us that the number of educated illiterate in this country has grown beyond imagination.
Nobody could make a brief research and make proper analysis b4 commenting, just the usual name calling for likes shit.
Well let's make a breakdown as per govt policies according to Reno.
In 2013 dangote was 23rd richest man in the world all because of Jonathan favorable policies and high level of intelligence.
But my question here is how did dangote fall from 23rd in March 2013 to 67th in March 2015??
Here's the link to the post.
https://www.forbes.com/sites/chasewithorn/2015/03/02/forbes-billionaires-full-list-of-the-500-richest-people-in-the-world-2015/?sh=688c10d745b9

Lossing 44 position in just 2years of governance.

In renos opinion if Jonathan was still the president, dangote won't be 117 in 2021 but rather 199 should Jonathan had continue with his economic friendly policies.

I usually respect Reno a lot but it's obvious too much talks makes one stupid attimes and here Reno was obviously stupid.
Several determinant are the cause of rise and fall in wealth.
It happens to all billionaires around the world.
Jezz bezos was worth $34billion in 2015 while Bill gate was worth 79 billion.
Today bezos is worth over 200billion while Bill gates barely moves to $120billion.
Multiple factors control wealth but citing leadership factor in a bid to make one look like a greater Saint, one should be very rational about it.

Dangote spent billions of dollars building phenomenally big project like the largest refinery in the world and you really believe that is a "fall "? Those assets are yet to fully commence income generation for him does not mean he fell, it's called delayed gratification.

In life, there's a time to sow and in between the time to sow and reap is the time to wait.

This is mostly where the rich and successful distinguish themselves from the poor and unsuccessful.

For clarity and research sake, dangote was never 23rd richest man according to Forbes.
https://www.forbes.com/sites/edwindurgy/2013/03/04/the-worlds-richest-billionaires-full-list-of-the-top-500/?sh=6cd239092504

Rather dangote was ranked 43rd richest man by Forbes in 2013.

Reno, sotan

Na over skill dey kill monkey

Under Buhari's watch - Dangote moved 85% of his USD holdings out of Nigeria

Shameless Zombies still trying to defend the indefensible

FreeStuffsNG:
Dangote spent billions of dollars building phenomenally big project like the largest refinery in the world and you really believe that is a "fall "? Those assets are yet to fully commence income generation for him does not mean he fell, it's called delayed gratification.

In life, there's a time to sow and in between the time to sow and reap is the time to wait.

This is mostly where the rich and successful distinguish themselves from the poor and unsuccessful.

well Reno didn't make this a basis for his analysis. He just made it look as though it was buhari's policies that made dangote fall.
The billionaires table is never stable and the only person that has been growing at a stable rate unlike others who rise and fall is mark zugerburg. Dangote is a pure business man and a capitalist at that, he can't be foolish to loose massive wealth in the name of government policies.

jumper524:
I usually respect Reno a lot but it's o.
Jezz bezos was worth $34billion in 2015 while Bill gate was worth 79 billion.
Today bezos is worth over 200billion while Bill gates barely moves to $120billion.
Multiple factors control wealth but citing leadership factor in a bid to make one look like a greater Saint, one should be very rational about it.

Why do you want to embarrass yourself?
The two Billionaires you are using as a case study, if I may ask... has their worth decreased or increased?
Dangote's own decreased drastically due to obvious reasons.... You should have brought out many Billionaires in wealthy countries whose worth has drastically decreased over the period under review, so that we can compare and contrast.

NaWeDeyHere:
Under Buhari's watch - Dangote moved 85% of his USD holdings out of Nigeria

You have your facts?

FarahAideed:
Shameless Zombies still trying to defend the indefensible

can you ever contribute logically to a debate? Instead of contributing logically to a debate your skunk blocked head can only comment the Rubbish you posted up there..
Shane on you.

GardenOfGod:

Why do you want to embarrass yourself?
The two Billionaires you are using as case study, if I may ask... has their worth decreased or increased?
Dangote's own decreased drastically due to obvious reasons.... You should have brought out many Billionaires in wealthy countries whose worth has drastically decreased over the period under review, so that we can compare and contrast.

What are the obvious reasons?

Op na mumu analyst u be..
in fact mumu dey disturb u for head..

those billionaires u listed that was also affected what was their net worth 2013 and what's there current net worth now compare to dangote net worth now and then..


all dis buhari blind dogs..
we're millions out here fanning reno.

jumper524:
can you ever contribute logically to a debate? Instead of contributing logically to a debate your skunk blocked head can only comment the Rubbish you posted up there..
Shane on you.

Mister man my IQ is above 150 and yours clearly below 75 so when it comes to any intellectual discussion you can't even stand in the room I stand ....The fact that a man over 30 years old is supporting such a bad govt just so you can survive tells me a lot about the low quality human being you are .. Bring on any topic on earth aside PDP and APC let me school you .

GardenOfGod:

Why do you want to embarrass yourself?
The two Billionaires you are using as a case study, if I may ask... has their worth decreased or increased?
Dangote's own decreased drastically due to obvious reasons.... You should have brought out many Billionaires in wealthy countries whose worth has drastically decreased over the period under review, so that we can compare and contrast.

several billionaires usually have a stage of decline in networth and most times they do skyrocket after the decline.
This is also applicable to Bill gate.
I really don't know how it works though but I've watched a video online where they claim their investment that are yet to yield returns could be the reason.

FarahAideed:


Mister man my IQ is above 150 and yours clearly below 75 so when it comes to any intellectual discussion you can't even stand in the room I stand ....The fact that a man over 30 years old is supporting such a bad govt just so you can survive tells me a lot about the low quality human being you are .. Bring on any topic on earth aside PDP and APC let me school you .

your just a kid with internet that it.

jumper524:
several billionaires usually have a stage of decline in networth and most times they do skyrocket after the decline.
This is also applicable to Bill gate.
I really don't know how it works though but I've watched a video online where they claim their investment that are yet to yield returns could be the reason.

I am responding from the angle where you're coming from. Are you saying that government policies can't affect their wealth worth?

jumper524:
your just a kid with internet that it.

I am a certified Genius while you a low energy sub human who must kiss ass to survive..We are not the same man

FarahAideed:


I am a certified Genius while you a low energy sub human who must kiss ass to survive..We are not the same man

Funkeeeeeeeeee, come and she shomething

rottennaija:


You have your facts?

Africa’s Richest Man Plans U.S. Office to Help Diversify Wealth
https://www.bloomberg.com/news/articles/2020-01-09/africa-s-richest-man-plans-u-s-office-to-help-diversify-wealth

Africa's Richest Man to Invest Up to $50 Billion in US, EU
https://www.industryweek.com/the-economy/article/22024001/africas-richest-man-to-invest-up-to-50-billion-in-us-eu

Monogamy:
Reno, sotan

Na over skill dey kill monkey

Islamic Bigot, shut up and read.

Dangote was 43rd richest in 2013 and not 23rd.

https://www.forbes.com/sites/edwindurgy/2013/03/04/the-worlds-richest-billionaires-full-list-of-the-top-500/?sh=6cd239092504

NaWeDeyHere:


Africa’s Richest Man Plans U.S. Office to Help Diversify Wealth
https://www.bloomberg.com/news/articles/2020-01-09/africa-s-richest-man-plans-u-s-office-to-help-diversify-wealth

Africa's Richest Man to Invest Up to $50 Billion in US, EU
https://www.industryweek.com/the-economy/article/22024001/africas-richest-man-to-invest-up-to-50-billion-in-us-eu

You said he had moved under buhari, I am asking for the fact not his plans to move.

Monogamy:



Funkeeeeeeeeee, come and she shomething

Earlier you reported someone for saying you would have liked to see murder of Christians now you are praising the insults that member just fished to another?

Why are you not stable ? You pretend to be civil when if favours you ,yet indulge in closet tribalism and hate towards others ..

What sort of being are you?

rock003:


Islamic Bigot, shut up and read.

Dangote was 43rd richest in 2013 and not 23rd.

https://www.forbes.com/sites/edwindurgy/2013/03/04/the-worlds-richest-billionaires-full-list-of-the-top-500/?sh=6cd239092504

Read and comprehend before you troll

Monogamy:



Funkeeeeeeeeee, come and she shomething

Buhari boy

rottennaija:


You said he had moved under buhari, I am asking for the fact not his plans to move.

when i meet his CFO, i shall make sure to ask him that - usually when they tell you "their plans", they have already done it. here is why - If people know about his plans to diversify then his Net-worth (based on the value of his shares) will drop even before he puts his plan in motion.. (his stocks will be dumped even before he diversifies)

He will be a fool to say such things when he has no plans to or has not already done it.. For example Elon Must on bitcoins.

FYI rumours have it that he plans to sell Dangote Refinery and AMCOM is a willing buyer (abi you have not heard of that too)