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The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) (50252 Views)

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Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Drakkernoir: 12:05pm On Jan 14, 2020
Nicest post iv read in a min

Very educative.

Nice one
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Stillthebest: 12:06pm On Jan 14, 2020
kiss

Someone was having a will of $12,000 dollars to his name as at 70s, while he was already a millionaire through the said man that willed him $12k and they actually had Govt policies working for them

Even, if many innovative and business oriented guys of today have $2k to their names, watch them become millionaires in 5 years even with gvt bad policies.

They are rich based on their backgrounds. Their great grandfather, the Pathfinder really did a good work.

8 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by naptu2: 12:08pm On Jan 14, 2020
Stillthebest:
kiss

Someone was having a will of $12,000 dollars to his name as at 70s, while he was already a millionaire through the said man that willed him $12k and they actually had Govt policies working for them

Even, if many innovative and business oriented guys of today have $2k to their names, watch them become millionaires in 5 years even with gvt bad policies.

They are rich based on their backgrounds. Their great grandfather, the Pathfinder really did a good work.


Now this is someone that actually read the posts.

6 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Emarvel(m): 12:09pm On Jan 14, 2020
Inspiring.
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by atmstyle: 12:10pm On Jan 14, 2020
Roon9:
Inspiring! Moral of the story; They kept the wealth in the family
Rothschild dynasty also practice the same thing.

2 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Drakkernoir: 12:14pm On Jan 14, 2020
naptu2:


And those same people have made the thread about Dangote, when it's not really just about him. grin

Don't mind them...ignoring the total content of the message.

How many other rich families can boast of continued wealth...thru their descendants...

How many spoilt rich kids have wasted their families wealth on frivolities...

Mko Abiola's family comes to mind

3 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Aremson14(m): 12:19pm On Jan 14, 2020
supercase1:
Dangote is just been used as a frontman by corrupt politicians from the north!!!!!!! forget all these longbullshit talks
Little angry men..smh
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by realstars: 12:23pm On Jan 14, 2020
I can see why the gov. Included his ground not pyramid into nigerian mone.
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by blowjohn(m): 12:27pm On Jan 14, 2020
All I needed was the caption.
Omo, give 50 nigerians 100 million naira and see if at least 35 of them wont turn billionaires and form dynasties.
Una no know say capital no dey?
These r not days of humble beginnings or started from the bottom shit.
These are days that capitals do the talk.
That's the age we live in if not inflation go dance shaku shaku for ur head.

1 Like

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Charleys: 12:36pm On Jan 14, 2020
Rule number one.

Marry your cousin, to keep the wealth in the family

2 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Gerrard59(m): 12:43pm On Jan 14, 2020
Vortex369:
Dangote is operating on the OPM principles.

Other People's Money (OPM) is Hedge Fund vehicle that pays RoI to stakeholders as a surrogate and running the enterprise under the brand.

Dangote does not dine with politicians for nothing.

Make una dey use una brain small.

Most billionaires globally dine with politicians. Either through lobbying or whatever means.

3 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Charleys: 12:47pm On Jan 14, 2020
Dogalmighty17:
The matriach of this family is Feeding 5000 people a day! Talk about impact and she isn't shouting it on social media. Our kurukere churches will do something small and wouldn't allow us to hear word.

I've heard that story too, but it no reach 5000.
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Codes151(m): 12:51pm On Jan 14, 2020
Stfu
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Jhamzy(m): 12:57pm On Jan 14, 2020
God bless you for this piece.
naptu2:
Lessons from the Dantata/Dangote story:

1) Do not get involved in partisan politics, but make sure you are close to the authorities (Chief MKO Abiola would have benefited from this advice).


2) Do not be overly flamboyant or ostentatious (it breeds jealousy, envy and hatred). Again, Chief Abiola would have benefited from this advice.


3) As a family unit, you gain more from cooperation than from conflict (he advised them to continue to marry within the family and to take care of the poorer members of the family). Note that Aliko Dangote worked for Abdulkadir Sanusi Dantata and got a business loan from him. Sayyu Dantata worked for Aliko Dangote and got his business idea while serving as chief executive of Dangote Transport. Witness what is happening in the Abiola and Ibru families.


4) Education is important. Make sure you know about the business you are involved in and that you have broad knowledge that would assist you in future. Alhassan had an advantage over other Kano merchants because he understood basic english and basic accounting, enough to help him in his dealings with others.

5) Volume trading: As much as possible, make sure you are the dominant player in your area of business, such that you can control events and prices within that sector.

1 Like

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by bukatyne(f): 12:58pm On Jan 14, 2020
Interesting read.

And the fact they are prudent enough to keep the wealth spinning says a lot.

Their great grand father was a man of vision. Just 18 descendants when some people had 30+ kids.

Yes, many other families had access to same things and their wealth disappeared along the way.

4 Likes 1 Share

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by naptu2: 12:58pm On Jan 14, 2020
Jhamzy:
God bless you for this piece.

Thank you
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by pakingzzzzz(m): 12:58pm On Jan 14, 2020
It's good to walk the diligent way. Efforts pays.

We can fabricate that concrete Block machine you so desire at affordable price.

Or you can take advantage of our range of locally fabricated peanut machine.

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Nobody: 1:10pm On Jan 14, 2020
Many people in this thread have shown exactly the mentally poor people show... Always blaming the rich for their inability..

You seem to forget the story of Alhassan dantata, how he built wealth from nothing...

You see how the wealth was maintained in the family...

There are Soo many families with bigger access to the government and there are no where to be found...

You ppl really need to change your mentality or else, you might remain where you are...

Many people just like to blame others for their woes and that's a really terrible mentality... Instead of thinking of how to rectify whatever issue they have, they keep on the blame game...

Kwantiniu, Las Las, you na go dey alright

2 Likes 1 Share

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by anonimi: 1:16pm On Jan 14, 2020
herzernIsHere:
No scientific breakthrough.

No strong ideological movement.

Just buy, withold, and sell. Anybody can do this.

We need to start celebrating people whose knowledge of science and technology through thorough research and breakthrough will help shape the lifestyle of our unborn children positively not these lucky individuals who rode on the predatory Northern Nigeria hegemony to build wealth.

I'm out!

Out ke? Where are you going?
Come back please. cheesy grin

1 Like

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Elvinho2244(m): 1:19pm On Jan 14, 2020
I've learnt a lot reading this..... cool

1 Like

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by vicardino(m): 1:24pm On Jan 14, 2020
Powersurge:
1. Dangote is VERY prudent.
2. Consistent (unfortunately, there is get rich-quick- syndrome now. Nobody appreciates the process anymore.
3. Dangote was not from a poor family
4. DANGOTE had help
5. Despite been helped, he knows what it takes to have money.
6. I respect and love him.




In other news, I have decided to add value to some people this new year. Hence I have decided to teach Excel, Python, SPSS, Tableau, PowerBi, SQL etc this year. Follow my channel, click the bell icon to receive notification. By the way, we are going to start the python series this week on that channel. That's the only way to teach many people at once.

https://m.youtube.com/channel/UC8uWi5m5FMUER-4jonqfFOg
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by vicardino(m): 1:33pm On Jan 14, 2020
Powersurge:
1. Dangote is VERY prudent.
2. Consistent (unfortunately, there is get rich-quick- syndrome now. Nobody appreciates the process anymore.
3. Dangote was not from a poor family
4. DANGOTE had help
5. Despite been helped, he knows what it takes to have money.
6. I respect and love him.




In other news, I have decided to add value to some people this new year. Hence I have decided to teach Excel, Python, SPSS, Tableau, PowerBi, SQL etc this year. Follow my channel, click the bell icon to receive notification. By the way, we are going to start the python series this week on that channel. That's the only way to teach many people at once.

https://m.youtube.com/channel/UC8uWi5m5FMUER-4jonqfFOg

Got it
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by ajl: 2:51pm On Jan 14, 2020
"Abdullahi already had a reputation of some wealth from his ventures with his father and therefore inherited his father’s position as a recognised and respected madugu. Like his father, he preferred the Nupe and Gonja routes. He specialised in the exchange of Kano dyed cloth, cattle, slaves and so on for the kola of the Akan forest."

I have always sensed one of Dangote forefathers was involved in some level of slave trade business. Though he built his fortune on his own, but this is a dent on his ancestral history.
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by naptu2: 2:53pm On Jan 14, 2020
ajl:
"Abdullahi already had a reputation of some wealth from his ventures with his father and therefore inherited his father’s position as a recognised and respected madugu. Like his father, he preferred the Nupe and Gonja routes. He specialised in the exchange of Kano dyed cloth, cattle, slaves and so on for the kola of the Akan forest."

I have always sensed one of Dangote forefathers was involved in some level of slave trade business. Though he built his fortune on his own, but this is a dent on his ancestral history.

Unfortunately, most people at that place and time were involved in some form of slave trade. Alhassan Dantata and his brothers were also enslaved and they had to buy their freedom.

1 Like

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by ArewaWife(m): 2:55pm On Jan 14, 2020
ajl:
"Abdullahi already had a reputation of some wealth from his ventures with his father and therefore inherited his father’s position as a recognised and respected madugu. Like his father, he preferred the Nupe and Gonja routes. He specialised in the exchange of Kano dyed cloth, cattle, slaves and so on for the kola of the Akan forest."

I have always sensed one of Dangote forefathers was involved in some level of slave trade business. Though he built his fortune on his own, but this is a dent on his ancestral history.

In those days slave trading was normal. A slave could even become a king (jaja) or a wife to a king (my great Grandma) some just weren't awre of the fates of slaves once they crossed the Atlantic and some knew but didn't give a f.uck

3 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Legendguru: 2:56pm On Jan 14, 2020
Dynasty hierarchy or legacy does that still exist in this generation where everyone is greedy
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Khaleell001(m): 3:06pm On Jan 14, 2020
supercase1:
Dangote is just been used as a frontman by corrupt politicians from the north!!!!!!! forget all these longbullshit talks

All I see is nothing but hatred!
I can bet you didn't read the story from the start.

2 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Khaleell001(m): 3:10pm On Jan 14, 2020
herzernIsHere:
No scientific breakthrough.

No strong ideological movement.

Just buy, withold, and sell. Anybody can do this.

We need to start celebrating people whose knowledge of science and technology through thorough research and breakthrough will help shape the lifestyle of our unborn children positively not these lucky individuals who rode on the predatory Northern Nigeria hegemony to build wealth.

I'm out!



Not everyone can make it through scientific and technogical break through.
Warren Buffet did not make his wealth through sceintific and technological breakthrough nor was Carlos Slim and the likes.
You people should stop being one sided in your judgement.

Whether we like it or not,northerners have been doing business and have been leading the pack before the entity called Nigeria ever existed.

5 Likes 1 Share

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Khaleell001(m): 3:12pm On Jan 14, 2020
blowjohn:
All I needed was the caption.
Omo, give 50 nigerians 100 million naira and see if at least 35 of them wont turn billionaires and form dynasties.
Una no know say capital no dey?
These r not days of humble beginnings or started from the bottom shit.
These are days that capitals do the talk.
That's the age we live in if not inflation go dance shaku shaku for ur head.

Talk is cheap .
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by AMvanquish: 3:28pm On Jan 14, 2020
And sharubutu still exists till today. They are mostly into Wholesale of FMCGs in most Northern states. They should be close too 100 years in business.

2 Likes

Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by SirKomA(m): 3:50pm On Jan 14, 2020
You will always be who you're destined to be and become. It's all about destiny!
Re: The Dantata/Dangote Story: How To Create A Dynasty Of Billionaires (2020) by Kingpele(m): 3:50pm On Jan 14, 2020
Interesting facts, yet with government connections

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