By Babajide Okeowo
Africa’s richest man, Aliko Dangote has revealed one of the biggest secrets behind his wealth.
According to the billionaire businessman, there are some business mistakes that every businessman should not commit. He disclosed that buying luxury things is one of the detractors in business.
The man who has been ranked as world’s richest Blackman for the eleventh consecutive time first advised that businesses are not all rosy so people need to be cautious with their dealings. “There are ups and downs in business so you need to be very focused” he said.
When asked to comment on luxury as has been the preference for the rich and affluence in society, the billionaire said such things consume time. “Those luxury things, they also take your time which will not make you focus on your business,” he said.
Dangote also shockingly revealed that he does not have luxury homes outside Nigeria but his workers do. “I don’t have any holiday homes anywhere. I don’t have a house anywhere (abroad) but I know people who are working for me, they have houses in London but I don’t.”
Bloomberg’s index for 2022 reported a further jump in wealth to $20.4 billion for the billionaire following a sudden increase in shares of his cement manufacturer, the Dangote Cement. He has also been in the news for the near readiness of his refinery and the newly out-doored automobile company.