Aliko Dangote Plans U.S. Office To Help Diversify Wealth - Business

Aliko Dangote Plans U.S. Office To Help Diversify Wealth - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Aliko Dangote Plans U.S. Office To Help Diversify Wealth (27586 Views)

Aliko Dangote Plans U.S. Office To Help Diversify Wealth by References(op): 12:12pm On Jan 09, 2020

Aliko Dangote, Africa’s richest man, plans to take office space in New York to help diversify his investments and avoid the risk of currency fluctuations on his home continent.

The owner of the biggest cement company in sub-Saharan Africa will use the base and an existing one in London to become more global after the completion of a $12 billion, 650,000 barrel-a-day refinery currently under construction in Nigeria.

“In Africa, you know we have issues of devaluation, so we want to really preserve some of the family’s wealth,” Dangote told Bloomberg TV’s David Rubenstein Show.

The 62-year-old Nigerian businessman became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. With a net worth of about $15 billion, he is ranked the 95th wealthiest man in the world, according to the Bloomberg Billionaires Index.

His conglomerate, Dangote Industries, includes the Lagos-listed Dangote Cement Plc and four other publicly traded companies under the Dangote umbrella that account for more than a fifth of the value of the Nigerian stock exchange.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-01-09/africa-s-richest-man-plans-u-s-office-to-help-diversify-wealth

16 Likes 3 Shares

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by ignitewatch(m): 12:32pm On Jan 09, 2020

Good move

10 Likes 3 Shares

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Nthrone(m): 3:20pm On Jan 09, 2020

The more money we make, the more money we want to make. No one is ever satisfied, human nature.

70 Likes 4 Shares

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Sirmuel1(m): 3:20pm On Jan 09, 2020

See money!!! But wetin concern me sef huh

11 Likes 2 Shares

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by wwwihy: 3:21pm On Jan 09, 2020

My man

Did Dangote pay tithes and offerings at the beginning of 2020 because he has added $1.02 billion to his wealth within one week of 2020 to increase his wealth to $15.8 billion

24 Likes 4 Shares

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by livebyday(m): 3:21pm On Jan 09, 2020*

Lol

No matter how much you make in Nigeria you just can't trust an unstable government and a poor economy with your investments

26 Likes 4 Shares

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by soberdrunk(m): 3:21pm On Jan 09, 2020

$4.9 billion dollars in 2019, even if he paid a 1% tax(which is impossible) that is $49million dollars =#17.64 BILLION naira from only one man, Oga Tunde Fowler has questions to answer........... angry

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Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by one1prax(m): 3:21pm On Jan 09, 2020

Our very own Dangote doing things

2 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Slawormir: 3:22pm On Jan 09, 2020

Nthrone:
The more money we make, the more money we want to make. No one is ever satisfied, human nature.

Damnnnnn niggarrr

My nigggar
The matter tire me o

3 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Vickydam068: 3:22pm On Jan 09, 2020

Olowo aiye!

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Mouthgag: 3:22pm On Jan 09, 2020

Aliko Dangote, Africa’s richest man, plans to take office space in New York to help diversify his investments and avoid the risk of currency fluctuations on his home continent.

The owner of the biggest cement company in sub-Saharan Africa will use the base and an existing one in London to become more global after the completion of a $12 billion, 650,000 barrel-a-day refinery currently under construction in Nigeria.

“In Africa, you know we have issues of devaluation, so we want to really preserve some of the family’s wealth,” Dangote told Bloomberg TV’s David Rubenstein Show.

The 62-year-old Nigerian businessman became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. With a net worth of about $15 billion, he is ranked the 95th wealthiest man in the world, according to the Bloomberg Billionaires Index.

His conglomerate, Dangote Industries, includes the Lagos-listed Dangote Cement Plc and four other publicly traded companies under the Dangote umbrella that account for more than a fifth of the value of the Nigerian stock exchange.

DangoMONOPOLY

4 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by AdonaiAluminium: 3:22pm On Jan 09, 2020

At his level such an office is necessary

Contact us now for all your roofing jobs, roof maintenance and repair, insulated roofing sheet's etc

2 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Nobody: 3:23pm On Jan 09, 2020

Relationship with bill gate is paying off

3 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by senani(m): 3:23pm On Jan 09, 2020

Nice strategy

2 Likes 1 Share

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by olerry(m): 3:24pm On Jan 09, 2020

The rich will continue to be rich.

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Revolva(m): 3:24pm On Jan 09, 2020

Big ups dangote going places

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Nobody: 3:24pm On Jan 09, 2020

Na wa o, so Dangote still dey find money.

7 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by ukelament(m): 3:24pm On Jan 09, 2020

Not putting your eggs in one basket.

1 Like 1 Share

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by PointZerom: 3:24pm On Jan 09, 2020

You no open am for South East?

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Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by kiyosaki1(m): 3:25pm On Jan 09, 2020

ignitewatch:
Good move

Meaning what ?

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Enemyofpeace: 3:25pm On Jan 09, 2020

He should employ me for me to oversee the US branch of his company

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by Enemyofpeace: 3:25pm On Jan 09, 2020

kiyosaki1:
Meaning what ?

meaning he is leaving Nigeria to continue life in America

2 Likes

Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by sureheaven(m): 3:26pm On Jan 09, 2020

This man is busy building wealth all over the world while some lost being and their wretched parents are busy blaming buhari for their being poor on daily basis. shocked

Keep it up Mr Dangote, I refuse to be poor

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Re: Aliko Dangote Plans U.S. Office To Help Diversify Wealth by royalads: 3:26pm On Jan 09, 2020

The part that caught my attention is ' Dangote told Bloomberg'. Best believe that mere men don't tell Bloomberg something o. My brothers and sisters, hustle you. So that you can have something to tell Bloomberg.

Creating wealth is not about the cars and gold chains and whatnot. It's about the generational wealth and legacy you leave behind when you are long gone.

Good move Dangote. That's the reason I have most of my income in foreign-dorminated accounts.

7 Likes