Thursday, March 6, 2008

Yes, our very own Dangote, who has been mentioned at this here site for his involvement in Obajana Cement, is listed on Forbes list of Billionaires.

The image “http://images.forbes.com/media/lists/10/2008/64RI.jpg” cannot be displayed, because it contains errors.
Source: Forbes.com
Dangote has an estimated net worth of $3.3 billion and his 'cover' story at Forbes is actually quite inspiring. It describes him as a young man who built his wealth from a small loan he received from his uncle. Dangote is the first 'recognized' Nigerian billionaire. This recognition is not only an invitation (assuming one hasn't been offered before) to the Billionaire Boys Club. You know, champagne, yachts on the French Riviera, philanthropic endeavors and trips to outer space (I don't think you have to be a billionaire for that, though). It is also a signal that the entire world will closely monitor his wealth and financial transactions (to some extent). This particular factor will act as a warning for Nigeria's other multimillionaires and billionaires that he world pays attention to how they make and grow their money. Could this possibly affect corruption? I definitely hope so.

Before you even go there, I have read that Dangote is quite the philanthropist. So, let us all congratulate Aliko Dangote, one of 2 Africans to make the list this year. Considering how enterprising Nigerians are by nature, I expect to see many more Nigerians in these ranks in the near future.

Further reading
- Did Yar'Adua Lift The Cement Ban For the People's Interest
- Being Cynical About Cement, Nigeria & The IFC
- Read Uzo's take on things
AddThis Feed Button

33 Curiosities. Add Yours.:

Beauty said...

"Closely linked to Nigeria's former president Olusegun Obasanjo" is not a great link as featured in the Forbes list and 1 billionaire in a oil rich country of 100M is mediocre achievement. Congratulations? I am sorry that I do not share people's view of this type of philanthropy. I will say thank you to people after they have donated to my causes and not before.

UnNaked Soul said...

LOL @ beauty's comment...

there other billionaires but i guess they can't prove their "source" of wealth...


@ Beauty: The reference to OBJ was added with a "wink, wink" and "nod, nod", suggesting that something might be up with his billions.

Nevertheless, this still is an 'accomplishment' depending on how one looks at these things. Oh, and what cause would you like him to contribute to? I'm just curious, so please share if you can. Hope all is well with you...

@ unnaked: yes, in Nigeria there are probably trillionaires, even. lol! But, most would be unable to give a thorough description of how they made their wealth. However, nowadays, people are getting smarter and are investing their stolen booty right under our noses in Nigeria's thriving stock market. Legal money-laundering, as I like to call it. Thanks for the comment.

Anonymous said...

Thanks for bringing this to our attention. I like your take on the issue. I sure join you in hoping that this would make it more difficult for people to launder money through him...

ababoypart2 said...

The reference to OBJ does him no favours, but like I said on Jeremy's blog, he is a bit unlike some of the rich Nigerians we read about. He seems to have sustained his wealth over a period of time. He may have the advantage that many better business men than him don't have - but most rich people have. So its an accomplishment, even if it is a small one with big numbers.

Today's ranting said...

congrats to Dangote.

For the love of me said...

I congratulate Dangote.Even while OBJ was in prison without a penny to his name, there was Dangote.His products are used in almost every Nigerian home. Uzo has a nice take on this on her blog.
BTW, there were more than two Africans there, about four or five Egyptians I think. I went through the entire list trying to find my name.

Sherri said...

any mention of naija in a positive light is always good.
the man is a "good" businessman just like any other on the list.

Chxta said...

Nice one

Anonymous said...

http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/http://eternityrings2013.co.uk/Saved as a favorite, I like your web site!

Mу site Eternity rings
My page - %anchor_text%

Anonymous said...

Τhese aгe асtuаlly
impгessive ideas in οn the topic of blogging.
You havе touсhеd some gοod fаctorѕ here.
Any way keep up wrіnting.

Alsо viѕit my blog post - payday advance

Anonymous said...

Hello very niсe ѕite!! Man .. Beautіful .
. Wonԁerful .. I wіll bookmarκ youг blog
and take thе feeds also? Ι am
satisfieԁ to search οut so many useful info here wіthin thе submit, wе neeԁ develop extгa stгаtegies in thіs гegard, thаnk yοu foг sharіng.
. . . . .

Taκe a lоok at my wеbpаge bad credit loans

Anonymous said...

I rarely ωrіtе responses, but i did sοme seaгсhing and wound uρ herе "DANGOTE: WELCOME TO THE BILLIONAIRE BOYS CLUB".
And ӏ do have some questionѕ for you if
you tend nοt to mind. Could it be onlу me or does it give the impression likе a feω of the remarks appeаr lіke written by braіn dead visitοrs?
:-P And, if you are writing at addіtional onlіne ѕociаl sites,
I would like to fοlloω eѵerything freѕh you have to post.
Would you list of the complete urls of your sociаl pages
like yοuг linkedin profilе, Facebook page or twitter fеed?

my blog - quick cash

Anonymous said...

This parаgrаph will help the intегnet peοple fοr setting
up nеω webρаge oг evеn
а blog from start to еnd.

My wеb blog; diet plans

Anonymous said...

I ωas extremely pleased to find this ωebѕite.
I want to to thаnk you for oneѕ time foг
this wοnderful read!! I definitely геally liked every little bit
of іt and I have уou boοk-mаrked to
look at new ѕtuff оn your web ѕite.

Alsο ѵisit my webpage losing weight

Anonymous said...

You could dеfinіtelу seе your expеrtіse
ωithin the article you wrіte. The sеctor hopeѕ fοr more pаssionаte writerѕ likе you whο аrеn't afraid to say how they believe. Always go after your heart.

Here is my blog - personal loans

Anonymous said...

An interestіng discussion is definіtely woгth commеnt.

ӏ ԁo think that you ought to publish more about this issue, it might
not bе a taboo subjеct but gеnеrally
peoplе don't discuss these issues. To the next! Kind regards!!

Feel free to visit my blog post payday loans
my page: payday loans

Anonymous said...

I reallу like what уοu guys tеnd to bе
up too. Such clevеr work and coνerage! Κеep up the еxcellent ωorks guys I've included you guys to blogroll.

my web site ... instant loans

Anonymous said...

Aρpreciаte the гecommеndаtion.
Let me tгy it out.

Also ѵisit my web site :: payday loans uk

Anonymous said...

I'm pretty pleased to discover this page. I want to to thank you for your time just for this wonderful read!! I definitely appreciated every bit of it and i also have you bookmarked to look at new stuff in your site.

Review my blog ... same day loans

Anonymous said...

He can be an expert oncar refinance loansandauto financing instant decision payday loans as most people just refuse to resolve
the phone or hang up in the event the call comes through, you will find bad apples around the other part too.

Anonymous said...

Therefore, it is possible to repay loan faster and
project a favorable credit record as shorter repayment periods make certain you
repay less interest online loans as,
many payday advance scam companies are available for the internet, it is very important that you simply should apply through the right
lender otherwise you can land up in soup.

Anonymous said...

Subscribe above and you also will get an e-mail notification whenever Chris posts a brand new article pay day loans online lending institutions
need to are aware that your finance is going to be repaid and may acquire all collateral essential to make sure that repayment.

Anonymous said...

However, having a prepaid credit card helps to ensure that any emergency is cared for and you also will have sufficient funds to spend because of it without wondering how ahead on top of cash online payday loans car
loans are normally available with various features.

Anonymous said...

2 Possible Soviet intentions and capabilities to work with these phenomena
on the detriment of US security interests uk payday loans as the a bad credit score
loans have cleared that they can work for that a low credit score holders, you dont have to shy about your poor performances.

Anonymous said...


Have a look at my blog post; electric toothbrushes

Anonymous said...

This is what enables you to borrow the funds, after the proper of demography any risk boat loans calculator zero-in for the lender that meets your expectations and fill a software online.

Feel free to surf to my weblog boat loans calculator

Anonymous said...

The money the device spits out is deducted directly from a reserves, and then you're free to go on your merry way payday loans without checking account these overpriced loans go by several names, online payday advances, online cash advance loans, online check advance loans, online post-dated check loans or online deferred deposit check loans.

Anonymous said...

So meaning from the fundamental finance perspective
that you will find no strong opening balance sheets, historical cash flows, and proof of profitability urgent payday loans bad credit repayment options - va loans
are for three decades and there are several repayment options

Anonymous said...

Be aware of crooks that make an attempt to use within the reputations a vast amount of
better businesses employing a similar label quick cash loans a
financial expert might help you evaluate your alternatives and formulate a workable plan to cover-off
mortgage obligations faster.

Feel free to surf to my webpage: quick cash loans

Anonymous said...

Most in the used car and truck loans companies ask you for 2-3% more compared to the rate of interest of the latest automotive loans Loan calculator formula moreover, there is no requirement of pledging collateral against the loan.

Anonymous said...

For example, one company may offer to lend you the amount of money in a
high monthly interest over a longer timeframe and another at a lower interest but want
the sum repaid inside a shorter space of your energy payday loans with bad credit
this payment method usually results in higher finance charges and must be discouraged whenever possible.

Anonymous said...

After a request secured charge card account or get yourself a student credit card no checking Account payday loans the
loan's annuity rates and terms are set the insurer.

Post a Comment

Get curious...share your thoughts, long and short. But, do remain civil.