Editorial

10 Money Tips You Should Learn From The Richest Man In Africa, Aliko Dangote

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Alhaji-Aliko-Dangote

Alhaji Aliko Dangote is the most successful businessman in Africa with a net worth of several billions of United States Dollars, here’s an interesting list of tips we came across and we thought to share.

His business is heavily present in Nigeria, Africa and other countries in the world. He left the whole world stunned when he increased his personal net worth by a million in less than 24 hours in February 2015 and according to Forbes, he is the 53rd richest man in the world.

In spite of all the giant strides attained by Aliko Dangote, here are some of his financial secrets that are worth emulating by individuals and business organizations:

 

1. He once worked for someone

Dangote worked for his uncle, Sani Dangote. He served his master diligently. He acted in accordance to the statement which says if you must lead, you must serve. It was while working for his uncle that he gathered experience, skills and confidence.

2. He took a loan to start his business
Aliko Dangote started his business with the NGN 500,000 loan he took from his uncle/master. He approached his uncle in 1977 and told him about his plan to establish a business outfit and his uncle gave him the loan to start the business. However, he was given a three-month-deadline and he repaid the loan in three months.

Click on the next page to continue to see the rest of the tips.. .. .. .

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