To make wealth is an achievement; the way it is spent is style. In most cases, successful individuals who have created wealth through wise and diligent investments in business hardly squander their money. They usually prefer to reinvest their capital, including the accrued profit over the years, into their businesses to increase their asset base and level of affluence. The tendency, therefore, is that the richer they are, the more their business interests expand. In line with this corporate tradition, the rich investors get richer and, when they spend, they do so in a big way worthy of mention. This is because of the extensive attention attracted by their rare wherewithal and will to spend, including doling out money on humanitarian grounds. Among Nigeria’s privileged people are: Aliko Dangote Nigerian business tycoon Aliko Dangote is the richest man in Africa. He is the founder, Dangote Group, West Africa’s largest publicly listed conglomerate with diverse business interests such as sugar refining, flour milling, textiles, real estate and salt processing. Dangote Cement, Dangote Foods (noodles) and Dansa Juice complete the chain. His total net worth is about $16.1 billion as at March 2013... ilevbare/2013/07/nigerias-super-rich-how-they-make-and-spend-their-money/
Posted on: Sat, 20 Jul 2013 05:54:20 +0000
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