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Nairaland Forum / Nairaland / General / Travel / Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht (85028 Views)
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Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Nonywendy(m): 10:27pm On Apr 13, 2019 |
jorju:It used to park at Walter Carrington street Victoria island. Otedola owned it a d christened it Nana 1 Like |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Josephamstrong1(m): 10:27pm On Apr 13, 2019 |
MrBrownJay1: erm...we know, but the price reach billion ba? That sh!t is a yacht. Just say it isn't a super/megayacht. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Jarus(m): 10:30pm On Apr 13, 2019 |
marvin906: I select who I argue with on Nairaland but let me humour you. Forbes is the authority on wealth ranking in the world and he is how their billionaires fared in the 2019 ranking. Dangote is 100 gradually. Only one Arab ranks higher than him.
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Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by IprintMONEY: 10:32pm On Apr 13, 2019 |
my mentor. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Chinny024(f): 10:38pm On Apr 13, 2019 |
Non of them were putting on a life jacket...Does it mean they are have not heard of emergency preparedness? Abi d Yacht or boat no dey on top mamiwater arena?.... 1 Like |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Skmoda360(m): 10:45pm On Apr 13, 2019 |
MrBrownJay1:gbayi.....you sabi the gizzard. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by mechanics(m): 10:51pm On Apr 13, 2019 |
He won't even have the time to use it. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Chiefochiefo(m): 10:52pm On Apr 13, 2019 |
delugajackson: Praise God for any little thing he has done so he can do more |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by LordAdam16: 10:52pm On Apr 13, 2019 |
Hedonini: Or there are two other compelling reasons. The first is uncomfortable but plausible. Dangote is not that liquid. A yacht is not like buying a hourse, jewelry, hyper cars, or art. It's a money pit. Sure a $250m yacht would be befitting of his status, but he'd be looking at no less than $25m in running cost annually. Most of his wealth is tied to the valuation of his shares in Dangote Cement. The actual money he makes annually is two orders of magnitude less. Kola Aluko may not own the Galactica Star alone. Dude is a front for black money. The second reason has to do with being smart. As a Nigerian billionaire, it's not in his best interests to be ostentatious. So what, he's going to moor a 200ft yacht off a marina in a country that continues to outdo itself on negative metrics? It's bad optics, will build resentment, and he'd spend more time justifying his wealth and choice of opulence display than enjoying it. It's similar for American billionaires. With wages staying relatively static while inflation and inequality rise exponentially, the last thing Bezos or Larry would want to do is buy a 400ft yacht. It'd just feed the recent calls for 70% marginal tax on the wealthy. That's why most Western billionaires buy multiple mid-size yachts rather than go on a pissing contest with the Arab Sheikhs and Russian Oligarchs. The latter have more control, largely draconian, over their perception in their local population. The former needs to suck up to the populace to preserve their wealth. That's what's up with all the philanthropy. The Rotschilds learned this lesson the hard way. -Lord 10 Likes 2 Shares |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Acedave1(m): 11:04pm On Apr 13, 2019 |
Abeg which network baba God dey use i wan call im |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Acedave1(m): 11:04pm On Apr 13, 2019 |
Abeg which network baba God dey use i wan call im. its tym for me 2 get dis money |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by grandstar(m): 11:06pm On Apr 13, 2019 |
LordAdam16: Dangote actually makes lots of liquid cash. The after tax profit of Dangote Cement in 2013 if I'm correct was 124.4 billion.. This was at a time the Naira exchanged at 155 to $1. That's about $800m and he owns at teast 85% of the company. I just checked after tax profits for last year and it was N390b, which is over a $1bn. The man is quite liquid but like every good business, will prefer to invest his money than keep it lying idle. One year, he chose to buy for himself a $45m Gulfstream for his birthday. Yes, he's not stupid with his money and humble not to be in a show off competition with anyone. No money miss road for this guy o! 3 Likes |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by paix(m): 11:07pm On Apr 13, 2019 |
delugajackson:The ocean flows with majestic silence unlike the water that flows from the gutters. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Nobody: 11:07pm On Apr 13, 2019 |
He's a billionaire and so what? It is only in Nigeria that the government can pick and choose the winners and losers. If any person with business acumen is allowed to monopolize the importation of important staple food and very vital goods in a country as populous as Nigeria, the person would become a billionaire as well. Not to hate on Mr. Dangote but please when we talk about him, let's put him in a proper context. 3 Likes |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by LordAdam16: 11:07pm On Apr 13, 2019 |
Jarus: White money maybe. Black money, no chance in hell. The top ranking Sheikhs of the wealthy Arab kingdoms (mainly Saudi Arabia, UAE, Qatar, and Kuwait) have criminally understated wealth and they're illogically liquid. Dangote can't buy the things Bin Salman has purchased over the last couple of years. From the $450m painting to the $500m yacht. Dangote would have to divest his holdings and lose voting rights to make the same purchases that bin Salman made on a whim. Moreover, the Sheikhs understate their wealth to maintain a tight leash on public opinion in their kingdoms. Only one Arab blue blood Bin Talal usually makes a fuss over his valuation and Bin Salman used him as a scapegoat during the fake anti-corruption crackdown. -Lord 2 Likes |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Nobody: 11:09pm On Apr 13, 2019 |
delugajackson: Lol@ disturbing the neighborhood. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Timisamd(m): 11:14pm On Apr 13, 2019 |
krattoss:And you end up not saying nothing is wrong because you think it is wrong saying nothing because something is wrong ? |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Nobody: 11:16pm On Apr 13, 2019 |
Op, do you know the real value of 15 billion naira? 2 Likes
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Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by concho(m): 11:16pm On Apr 13, 2019 |
flokii:If i may ask, how many times have you left #10 change for a pure water seller ? |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by AnthonyAk(m): 11:17pm On Apr 13, 2019 |
MrBrownJay1: U think a yatch is 1 million |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Gkemz: 11:17pm On Apr 13, 2019 |
Latidoh1:In your dream |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by dubbiskelly(m): 11:24pm On Apr 13, 2019 |
That’s Otedola’s yatch. He named it after his wife Nana 1 Like |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by LordAdam16: 11:36pm On Apr 13, 2019 |
grandstar: He actually owns 85.2% of Dangote Cement. And no, that does not mean he owns 85.2% of the after-tax profit. It's not a simple arithmetic. And the Gulfstream was primarily for business, not a treat. It was an essential purchase. -Lord |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by mchc1001: 11:52pm On Apr 13, 2019 |
Why not this blogger ad more two zeros to the price so that it will be $4.3 billion (#1.55 trillion naira), nonsense 1 Like |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Nobody: 11:59pm On Apr 13, 2019 |
LordAdam16: It's a joke to mention Bin Salman and Dangote in the same sentence when you're talking liquid wealth. I'm sure there are up to 10 members of House of Saud alone, who are more liquid than Dangote. If we're talking about the entire Arab World, then make that at least a 100. 1 Like |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by stevedre: 12:39am On Apr 14, 2019 |
Jarus: Say what you know. The owner of bein sports is Richer than Dangote. There are Arabs who are flexing on code due to their religion and class but the accessories that comes with their low key flexing will build estates and factories in Nigeria. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Kennydoc(m): 1:04am On Apr 14, 2019 |
grandstar: Mehn, do you know where that guy is? I miss his Nairaland posts. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by Sachiopropty(m): 1:34am On Apr 14, 2019 |
That's Otedola Yatch |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by AMvanquish: 1:46am On Apr 14, 2019 |
Bloggers, please do your homework next time. This is Otedola's Yatch for as long as I can remember, unless he sold it to Dangote of recent. 1 Like |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by xyz123456: 3:43am On Apr 14, 2019 |
Jarus:That's officially. I still feel that some Saudi guys might be richer than him. Not sure though. |
Re: Aliko Dangote's Yacht: Inside The ₦15.5 Billion Super Luxury Yacht by manduwem(m): 4:14am On Apr 14, 2019 |
MrBrownJay1: Quite ryt on dis I gat no beef with how the man spends his money o. But surprisingly the blogger gave an over bloated price Except He wants to claim the balance was used to refurbish the craft. But it's actually less than 5million dollars online (source -Yatchworld.com) 1 Like |
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