15 Things You Didn’t Know About Aliko Dangote | Billionaire Mondays
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In this Alux.com video we'll try to answer the following questions:
Who is Aliko Dangote?
How did Aliko Dangote got rich?
How did Dangote get rich?
Where did Aliko Dangote got his money from?
Who is the richest black person in the world?
What religion is Dangote?
Who is the richest man in Africa 2016?
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I appreciate his ambitions and philanthropy, but monopoly kills other potential millionaires, alternatives and Growth; take the USA for an example it has more than 20 Billionaires simply because anyone and everyone is allowed to compete, Giving one individual certain privileges to stifles potential alternatives and even quality products. Healthy competition is good, it allows for both parties to produce better products and affordable prices.
Proudly Nigeria, Dangote Group is not anyway monopolizing the country or trying to monopolize the country but its involvement in taking the risk in the various sector of the economics putting is creative mind to play make Him seem to be monopolizing the country.
The answer to your question; it's good business, but it's not fair business. A monopoly requires that you have the ability to meet all demands, and that is what every business person strives for. However, the fact that Dangote has placed himself in the unique position of monopoly is not fair on other players. If he truly wants Nigeria to become a world economic superpower, he needs to release his stranglehold on the manufacturing and import sectors and let others grow.
Why did he chased the people of the land and didn’t compensate them? I’m proud of you in general Mr Dangote but you must pay the people for the discomfort they endured. You can’t just run people from their homes because you want the land and you didn’t even pay them. Please make your wrong right.
He has done very well but he was not born into poverty like most Continental Africans. That takes some of the shine off of his achievements. Not to mention he does business in the largest and most corrupt country in Africa (Nigeria). If you can do whatever you want in the largest country in Africa, why wouldn't you become the richest man in Africa? Not overly impressed.
You have a wrong data here. Please stop feeding people with lies!!! Dangote is not the first Nigerian Billionaire (Go check statistics. Read about Ojukwu's Father) Secondly, he's not the second of the two billionaires in Nigeria. Nigeria has over 10 billionaires. Thank you.
Dangote is the man most corrupt Nigeria politicians used in looting Nigeria treasury and his monopoly in many businesses is the cause of inflation and high cost of living At a time he was given license to import cement, sugar and rice
Do you always say that when it comes to people like Bill gates, I’m 100% sure they also donate $$ to elections! Also have controversy! Give a man a break, he armed that title through hard work! He is developing Nigeria, employing 1000s of people proud of that! Invest in Africa 🥰
Dangote was make his fortune in the beginning by his own effort and hard working but then he used this money to gain and control political power which favorite him and give him exclusive licenses from the government in money products and i think it's crippled the other new investors especially the young ones and by result destroy the entire economy of the country.
We need to prepare for our hereafter. NOT OVER WEALTH.
MAY ALLAH BLESS US.
THE WEALTH OF DANGOTE DOES'NT MEAN IS FOR HIMSELF, NO. HE HAS MANY AS MANY RIGHTS OF POOR PEOPLE. I ASK ALLAH NOT TO GET ME LIKE THAT.
With so many Nigerians on Alux, be sure many more billionaires are on the way. You are right Alux, Dangote gets along very well with every government to monopolistic favours and trust the government heads get a slice of the business. But Nigerians are please that unlike politicians stacking up money abroad, he invests in Nigeria and creates many employment.
I believe it is good that he does have monopoly of such industries because Nigeria needs all the help it can get and most Nigeria is having a hard time due to corruption in the various realms of money making industries. It is also overtly religious which also plays a major part in why it still holds rather retrogressive ideas and in the fact that it is a developing country. We need more men like dangote
Only thing I felt that he did those people wrong and pushing them off the land. He could have gave them money just like we do .If it was nothing but 1000 something is better than nothing. But other than that I tip my head off to him, Very smart guy
Finally Naija is going to have refiners in their soil, I salute u for thinking of African, the crooked politicians are busy in stealing their countries money n dumping it in western world n also Arabs countries while their citizens are struggling to survive in Europe, America, S. Arabian peninsula because their leaders are not very creative n aggressive to create jobs for the citizens instead of Investing on the citizens they are busy borrowing money from the highest bidder n turned around to share the illgoted money among themselves thereby creating depths to the nation they're only good in accumulating unnecessary title's to bully their neighbors, playing Golf with the slave master's making unnecessary friends, no good hospital's, no good research center for traditional medicine, no electricity twenty four hours to increase the power of productions of goods, no good drinking water, no good Roads, no good recreational center for elderly people, but if they died they wants to buried in NIgeria is Nigeria a burial ground? These craps need to be stopped the politicians need to grow up they are busy boosting the economy of the slave masters while their citizens are in pain crying for help.
7th was a lie. No land issues. He recovered land from water through dredging activities around Lekki, Lagos where he recovered land bigger than Victoria Island in Lagos costing him billions to do. There is no preferential treatment as well. Bad and failed Nigerian competitors make up such stories