₦airaland Forum

Africa’s richest man has revealed that while some of his staff have houses abroad which they use as holiday homes, he has none. The business mogul further gave some tips in order to succeed as a person in the business space.

In an interview conducted by Business Insider Africa and published recently on the Tonyelumelufoundation’s verified Instagram account, Dangote said, “A lot of people even the younger ones, we need to be very careful because one of the biggest issues. With us Africans, it is that we spend our projected incomes.

“Once you start doing business and the business starts doing well, rather than for you to keep investing into the business, you start spending money and thinking that the profit will continue to come. There are ups and downs in business so you need to be very focused and say ‘Okay fine what do you do and how to do those things.”
The businessman further advised that acquiring luxurious things could be a distraction. Citing himself as an example, Dangote stated, “Luxury things — they also take up your time which will not make you focus on your business. I mean, I don’t have any holiday home anywhere; I don’t have a house anywhere but I know people who are working for me, they have a house in London. But I don’t.”

Source: https://dailytrust.com/people-working-for-me-have-houses-abroad-but-i-dont-dangote/

People shouldn't buy luxurious things abi, but you can buy yatch? Dey play

“Once you start doing business and the business starts doing well, rather than for you to keep investing into the business, you start spending money and thinking that the profit will continue to come. There are ups and downs in business so you need to be very focused and say ‘Okay fine what do you do and how to do those things.”

The reason a lot of Nigerian businesses fail is due to the above. We are so eager to start spending wealth lavishly when money starts to come in rather than reinvest the money into business and letting the business grow.

Another reason why businesses fail in Nigeria is that family members run most of them. It is better to give your family shares in the business than to have them run it for you. Get someone independent.

Buhari told us more than this na!

That makes you a FDI(Foreign Direct Investor) from heaven to Nigeria.

I don't like this man's policies but I love him personally

Humble real billionaire in reality, unlike online millionaire and billionaire boasting 24/7 from there erosion village

Bcause u c'nt avoid paying ur taxes in foreign countries

Pierohandsome:
People shouldn't buy luxurious things abi, but you can buy yatch? Dey play

He sleeps in his gf houses whenever he's abroad hence the blanket issue we woke up to last year January

Naso e suppose be

That is normal.Nothing special about it.

Dangote is thinking like a common Nigerian. The are the richest African at the moment, anyone working for you without any progress means you need to be checked!

Rental Holiday home


Sense will not kill Dangote

Ekweremadu has many home locked up around the world, same as other politicians, they are paying tax losing cash

I wish I can get the interview video... Dangote is very street smart..


.

How then do you enjoy all this your money sir if all you do is focus on your business? You aren't getting any younger sir.

King kong
Top Dawg..
High Chief Gote of Africa...

If say na some people get this guy, Dem for dey brag say Dem go tell am make him buy Nigeria...
But niga dey him dey, dey invest far and wide, but Nigeria na him home base.

God bless all patriot, and all those wey want make Nigeria burn, God may their wishes be what befall them and their families..

Yak Isong adod Ukana

So

The billions you could only make backed by government enforced monopoly 🤔

Obakoolex:
He sleeps in his gf houses whenever he's abroad hence the blanket issue we woke up to last year January

Excuse me sir

Statements like these sound humble but upon closer inspection, you'll find out that they're not.

Dangote is the richest black man in the world. He spends a considerable amount of time abroad. If he spends a chunk of time in the US, why shouldn't he have a house there?

Note that the cost of him paying for hotels will be astronomical...I mean, he won't stay in a two star hotel. Calculate the amount of hotel fees, and cross it against purchasing a house and see whether it makes sense.

Also, every man has a weakness. For Bill Gates, it's philanthropy. For Bezos, it's it's $500 million yatch. For some, it might be vintage cars. For some, Oyster watches. For some, horses. For some, houses. For some, clothes.

Let's not judge people because we don't fancy their proclivities.

Ehya

Is that why you used Nigeria's hard-earned dollars to build your refinery

Big name don't need a house abroad. Dangote is a big name

But he owes yatchs that costs more than some buildings abroad.

Anytime I see Dangote face, I just remember his ass. Omo! Those Yankee girls are something else

Dangote, how w far the refinery? Abi are na scam una scam us?

They are mumu that’s why they will
Still
Use their salary pay housing tax in uk and only use few days a year

While the real billionaire in dollars sleep hotel

My mentor

It all boils down to Choices.

Not everyone want to build a 650,000 BPD Refinery. They have earned their money, they are free to do what pleases their heart. If any of your Employees come to you to help with all those Taxes for owning houses abroad, tell them to work harder.

It's always easy to teach people how to make money in a way that is not realistic when u become rich and successful. They will tell u to ne focused, they will tell u to make use of any opportunities etc as if focus =capital

Oga dangote na capital give u breakthrough yes or no.

That's what the youths lack. Good capital.


E no get as e want be, give a man 50 million naira, he will be richer one way or the other.