obafemee80:


From L-R: Femi Otedola of Forte Oil, Segun Awolowo of Nigeria Export Promotion Council (NEPC), Sam Nwajokwu, Alhaji Aliko Dangote, Donald Duke - former Cross River State Governor, Tunde Ayeni - former Chairman of the defunct Skye Bank and Charles Ahize hanging out on Dangote’s luxury yacht in Lagos.

MrBrownJay1:
ARRANT NONSENSE OF THE HIGHEST ORDER!!!!

as much as this man is a billionaire, that boat (wont dare call it a yacht) is not even worth $10M.... blogger stop writing RUBBISH online!!

but hey, dont take my word for it, GOOGLE is your damn friend..... that boat is a SUNSEEKER PREDATOR 108, check the price yourselves...

amstardi:
Do you have ETISALAT

Beremx:
why are you pained? Abeg take it easy. eve if the price is exaggerated, calm down no be fight

MrBrownJay1:
ARRANT NONSENSE OF THE HIGHEST ORDER!!!!

as much as this man is a billionaire, that boat (wont dare call it a yacht) is not even worth $10M.... blogger stop writing RUBBISH online!!

but hey, dont take my word for it, GOOGLE is your damn friend..... that boat is a SUNSEEKER PREDATOR 108, check the price yourselves...

Hedonini:


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.

LordAdam16:


I think quite a number of people are disillusioned about the wealth of the Arabs and Russians because their template is not relatable.

Bezos is wealthy because of Amazon. Gates, Microsoft. Buffet, Berkshire Hathaway. Aliko, Dangote Group.

Bin Salman is wealthy because he's the leader of the family that owns an entire oil-rich country. 3% of Russia's elite own 90% of the entire country's wealth.

Saudi Arabia's 2019 budget was $285b. At that amount, $5b is a rounding error if Bin Salman or another leading Royal chooses to pad. Likewise in Russia. The entire budget is pork for the Oligarchs. That's not Class 'X' company shares, that's spending cash.

That's why the Sheikhs can buy megayachts like Dubai, Azzam, Al Said, and Topaz; have their respective states pay the running cost; along with their lavish state private jets, gigantic palaces, and lifetime security provided by the state.

Ditto for the Russians, except much of the running cost is put on shell companies fed by the proceeds of government contracts or earnings from privatized state companies they bought on the cheap. Security is provided by branches of the state security apparatus and/or the Mafia.

To preserve this lifestyle, they practice a scorched-earth campaign with any sort of opposition. Nip it in the bud lest it festers. Because they know the day it all falls apart, they'd be lucky to still be breathing afterwards. So their spending is just as much about showing off, as much as realizing the transient nature of their wealth.

Mubarak's family was sitting on about $100b in direct wealth, Mubarak himself accounted for $70b. That was until the Arab Spring snatched most of it from their grip.

This is not something Forbes has interest in discussing.

-Lord

Ronin06:
Abeg tell them ooo, that yatch belongs to Otedola, and it’s not even up to that said amount, bloggers and fake news

Denikayan:
I have the toy one of this yacht

Galaticos444:
u ar a product of a wasted sperm hence ur inability to comprehend.d guy laid emphasis on d exaggerated cost of d supposed yatch that d price was inflated by d blogger and u ar here talking about exchange rate of naira to dollars.smh for ur dull brain

grandstar:


Worse, someone living on the mainland in one upper middle class estate will not let us rest. Posting pictures of the latest car he bought. I even thought he was living with Yuzedo in Banana Iceland. Nonsense

Jarus:


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.

MrBrownJay1:
ARRANT NONSENSE OF THE HIGHEST ORDER!!!!

as much as this man is a billionaire, that boat (wont dare call it a yacht) is not even worth $10M.... blogger stop writing RUBBISH online!!

but hey, dont take my word for it, GOOGLE is your damn friend..... that boat is a SUNSEEKER PREDATOR 108, check the price yourselves...

flokii:
Good for him.. but I'm more concerned about the 80 million + Nigerians out there with no job or means of livelihood.

#StandupNigeria

flokii:
Good for him.. but I'm more concerned about the 80 million + Nigerians out there with no job or means of livelihood.

#StandupNigeria

flokii:
Good for him.. but I'm more concerned about the 80 million + Nigerians out there with no job or means of livelihood.

#StandupNigeria

MrBrownJay1:
ARRANT NONSENSE OF THE HIGHEST ORDER!!!!

as much as this man is a billionaire, that boat (wont dare call it a yacht) is not even worth $10M.... blogger stop writing RUBBISH online!!

but hey, dont take my word for it, GOOGLE is your damn friend..... that boat is a SUNSEEKER PREDATOR 108, check the price yourselves...

mattbass:
See Money ohhhhhh ...chai God Pick my call.

delugajackson:
Quite befitting for his status. And yet he doesn't make noise with it.

But some people will buy ordinary Camry and will be disturbing the whole neighbourhood with it.

Latidoh1:
I will be wealthier than Dangote.