"I Have No House Abroad": Dangote Reveals He Lives in Rented Apartment When Outside Nigeria
- Billionaire business magnate Aliko Dangote seems to be a very prudent man, not distracted by the luxuries of life
- He recently revealed that he doesn't own a home abroad, even though some of his workers do
- He, therefore, advised young entrepreneurs to stay focused and keep reinvesting their profits back into their businesses.
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Africa's richest billionaire, Aliko Dangote, has stated that he doesn't have a holiday home abroad, even though some of his workers do
Dangote, the Chairman of Dangote Group, stated this in a video posted on the verified Instagram page of the Tony Elumelu Foundation.
Source: UGC
In the video, which appears to be an interview conducted by Business Insider Africa, Dangote gave a few business tips to business owners and entrepreneurs.
Dangote said:
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A lot of people, even the younger ones, we need to be very careful because one of the biggest issues with us Africans, 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.
The Kano State-born business mogul advised young entrepreneurs on the need to be very focused on their business and not be distracted by the acquisition of luxuries.
He added:
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.
The 66-year-old's prudent lifestyle is known to many of his allies as Legit.ng had reported some time ago when popular Afrobeats musician, Davido revealed that the billionaire buys two cars every eight years.
Davido added that each time he gets to meet Dangote, he advises him to begin a prudent lifestyle and save his money.
The prominent entrepreneur boasts a staggering net worth of $15.6 billion, primarily stemming from his conglomerate, which includes a cement production enterprise, a fertiliser plant and a recently established refinery
Notably, he exhibits a fervent commitment to philanthropy, actively contributing to numerous charitable initiatives and endeavours aimed at giving back to the community.
List of 10 companies owned by Aliko Dangote you've never heard of
Aliko Dangote, the founder of the Dangote Group, is well-known for his business empire.
A recent report by Legit.ng has revealed that there are 10 companies owned by the Nigerian billionaire that many Nigerians may not know about.
The report reveals details, including the names of the companies and what types of services they provide.
These unquoted companies add hundreds of millions of dollars to Dangote's wealth.
Source: Legit.ng
