LEGIT NG
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 Tonyelumelufoundation.
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:
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 has revealed that the billionaire buys two cars every eight years.
