Meet The Richest African In The World

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Africa is known for being one of the poorest continents in the world. From extreme poverty to lagging development, it's no question that most Africans have a pretty difficult life. However, there are several billionaires in Africa who have defied the odds and built up massive fortunes that even rival western billionaires. One of these billionaires is Aliko Dangote who is not only worth $11.8 billion but also is the richest person in Africa. Aliko didn't start out from scratch though; his family's wealth first originated from Aliko's great grandfather who was Alhassan Dantata. Alhassan Dantata is truly a rags to riches story as he was raised by a slave woman and had to beg for food as a child. However, by the time he passed away, Alhassan had grown to be the richest person in West Africa. His lineage has slowly built upon his success which has allowed Aliko to build massive sugar refineries, cement factories, and potentially even oil refineries. This video explains the stories of Alhassan Dantata and Aliko Dangote and how Aliko Dangote became the richest person in Africa.
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Timestamps:
0:00 - The State Of Africa
0:33 - Alhassan Dantata
2:47 - Breaking Out Of Poverty
4:58 - Generational Wealth
6:14 - Aliko Dangote
7:55 - Billion-Dollar Empire
9:31 - Advancing Nigeria
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Опубликовано:

13 авг 2024

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Комментарии : 647

@LogicallyAnswered 3 года назад

To everyone commenting that the richest African is Elon Musk, while this is technically true given that Elon was born and raised in South Africa, I don’t think we can really classify Elon as the richest African. Elon’s entire businesses career is based in America and all of his businesses are American companies. None of his businesses primarily drive their revenue from Africa either. Aliko on the other hand not only built his business in Africa, but the majority of his revenue comes from Africa as well.

@hariharpuri1362 3 года назад

I agree with you

@maccannaj 3 года назад

Where Musk does his business does not stop him from being African.

@ChisanguMatome 3 года назад

Aliko is black and Elon is white. Had Elon been black, he would have been the richest African! In other words, Elon is the richest African!

@LogicallyAnswered 3 года назад

So do you think it’s more accurate to describe Elon as an African billionaire as opposed to an American billionaire?

@cryptotrader4307 3 года назад

I agree and disagree at the same time. Elon is an American citizen and all of his business ventures are based in America but he is still African. I asked Google if Elon was American and the response was that Elon is an American businessman. So Although from South Africa, he's now an American citizen. Elon is nonetheless the richest African to ever emerge from the continent. Maybe the title should be the richest person in Africa?

@alvinmugambi6084 2 года назад

I live in Kenya and I wouldn't say I'm poor because I was shocked when he said the poverty line is 5 dollar 50.. my entire family of 4 can buy food worth 2 dollars that lasts three days not because we are poor but food here is cheap.. I heard in Australia a avocado can cost like 3 dollars.. my god 3 dollars can buy avocado for the entire neighborhood where I live.. it's not a matter of poverty but a matter of being ripped off lol.. and I'm not trying to say that Africa doesn't have poverty either.. there is poverty but going hungry in Africa is either you live in the desert or you are allergic to most produce. Even the dirty people you see in dirty slums they probably eat more nutrient rich food than most westerners.. don't listen to CNN it's just marketing. What now they can't afford is better housing and to live in better neighborhoods and things like cars and stuff but when it comes to food in Africa only people who live in deserts are starving and these days actually here in Kenya the food problem in turkana has been solved no one is hungry just poor in terms of material.

@zairmorningstarmusic 2 года назад

yea all you guys got nice teeth lol

@AhmedDanjuma 2 года назад

it's a matter of standard of living and average wealth around. things don't cost the same to produce everywhere

@proudgh482 2 года назад

@@zairmorningstarmusicoh Mr White teeth master you your kinds are very rich with no mortgages.

@wodkah2478 2 года назад

@@zairmorningstarmusic at least they got real teeth, not them porcelain fangs your nana wears. Your mind is too small to comprehend what the man was referring to. Go eat your meds.

@neeljavia2965 2 года назад

Good joke pseudo nationalist. First built toilets in your country then say we are better than west.

@menaseven9093 2 года назад

Nice story of Of Alhassan and Aliko Dankote. The world needs more black businessmen like Aliko.Dangote.

@ariserusic 3 года назад

It's great to see Africans finding success in the international world.

@sanbetski 3 года назад

i guess u never heard of wakanda...

@myfriendpedro9775 3 года назад

Wakanda Forever..!

@osmanxxrngxx1369 3 года назад

Lol the richest man in history from Africa 🙂

@abdirasaqali7775 2 года назад

But He sold his commodity locally.

@Immobilien247 2 года назад

The still ...only from afrika. Gold diamonds..a lot Afrika dont need anybody

@fevicoI 2 года назад

Respect to every hard working Nigerian brother.

@hariharpuri1362 3 года назад

Africa is rich with different cultures and also the richest man lived here but reality always struck , centuries of slavery, poverty, diseases and racism some what lost its prosperity . But there will always people to help from every corner. I respect African and there impact on the history .Love from india 🇮🇳 and love your videos 🙏

@LogicallyAnswered 3 года назад

Thank you Harihar!

@hariharpuri1362 3 года назад

@@LogicallyAnswered you can call arnav this is my father’s account 😂

@hariharpuri1362 3 года назад

😅

@ep5019 3 года назад

everywhere has "suffered from all those things and no mansa musa wasn't the richest man ever that's a myth John D. Rockefeller might have been but frankly the real value of what mansa musa had pales in comparison to people like Elon musk and Jeff Bezos so i dont think comparing the supper wealthy of yester year with today makes sense because of this problem.

@adee6467 3 года назад

@@ep5019 moreover mansa musa becoming richest man is none of his credit. He was rich because mali had gold simple

@fredbloggs5902 3 года назад

Elon Musk has South African citizenship (he was born in Pretoria) and has a net worth of $162 billion.

@PrinceZakariyya 3 года назад

Real Africans

@fredbloggs5902 3 года назад

@@PrinceZakariyya he was born there. Be careful, your racism is showing.

@LogicallyAnswered 3 года назад

True, but Elon didn’t actually make any of his money in Africa.

@GalaxyAeterna 3 года назад

@@fredbloggs5902 I think she meant Africans who weren't born there as decendants of europeans but idk

@PrinceZakariyya 3 года назад

@@GalaxyAeterna this

@Badd.G 2 года назад

I will have to say this, Aliko Dangote is not a "lucky man" , He is a very hard working man and was blessed with his wealth, not just a lucky man, please have some respect.

@asiphejohnson6543 2 года назад

Its great to see this man giving back to society

@jaybee4577 3 года назад

I don't understand why African countries have to go with US dollar for variation of poverty. In some African countries a dollar could probably be enough for a day or two. So it kind of inconsiderate to say many Africans live in poverty using the US dollar without a through understanding of what poverty is like in specific African countries. I hope African government do better but the people on the continent need some serious revolution in order for there to be peace and prosperity. I know there are some pretty stable countries on the continent that don't get that much attention.

@drek273 2 года назад

its still poor. Regardless of it being usd.So its still bad

@comradejackso3886 3 года назад

it is really hard to make a billion dollars in africa if you don't come from a wealthy family. the system is set against the poor here. look at all the richest people in africa billionaires, most are generational wealth inheritors. but tech is slowly picking up in Africa and i believe the real self made billionaires will come from tech in the next decades.

@megamiam2758 3 года назад

Aliko Dangote may come from a wealthy family, but He was the one who founded the Dangote group. He didn't inherit it, and he said himself that he just received a 3000 dollars loan from his oncle.

@comradejackso3886 3 года назад

@@megamiam2758 hahaha you said 'just' a 300 dollar loan? 3000 usd in the early. nineties means youre rich. most african cant afford even half of that in the present times. lets just say he comes from a wealthy family but also is smart to know how to handle his businesses

@mifyitaad 3 года назад

Inspirational story. I think there will always be a gap in demand, technological or otherwise, and smart people seeing the opportunity.

@raymondkanga 3 года назад

And the people who are blind to opportunity will always be left complaining about inequality of wealth. I believe that if the global wealth would be distributed equally to everyone, and opportunities equalised, most of the currently rich people would go back to being the richer ones and the currently poor would still return to poverty.

@neeljavia2965 3 года назад

Glad he (the grandfather) made his business using legal ways and not through trading in illegal harmful commodities. He must be an inspiration for youth in Africa, some sort of hero who rose from nothing. However investing in oil refineries today seems to be useless when they could invest in renewable energy which would cost lot less and is environmentally friendly.

@codebydoh 3 года назад

Funny the way you structure your comment. Are you suggesting African business men only succeed by selling illegal commodities? That's a naive way to think. The only countries with big drug problems are not found in Africa but rather in the western world. Investing in oil refineries is not useless because the world still relies on oil products for many essential goods which green alternatives have not been discovered yet.

@mwanikimwaniki6801 3 года назад

It's easy to talk about refineries when you come from countries that have functioning refineries. Africa is severely lacking in infrastructure and building refineries now is big business.

@similoluwaolufowobi9088 3 года назад

I mean many African billionaires made money legally. Also the oil refinery is actually a better thing for Nigeria considering that Nigeria exports it's oil to be refined then they go on to pay to bring back into the country but with him building it it's way better for the economy but true renewable energy would be better but in a country like Nigeria everyone depends on oil and shifting them to renewable energy would be more money headaches for lots of people with far considerable less than most countries.

@neeljavia2965 3 года назад

@@codebydoh Gosh, it's now impossible to say anything without offending someone. I didn't mean African businesses succeeds only in illegal trades. However majority of Africa doesn't have big successful ventures to boost of. Plus half of the continent is under semi dictatorial regimes funded ny mafias from West and now China. Oil refineries are useful no doubt, but investing in it to produce fuels and electricity is definitely useless.

@neeljavia2965 3 года назад

@@mwanikimwaniki6801 Probably, because the biggest oil tycoons in my country are shifting to renewables.

@layorhskye7492 3 года назад

Nigerian here, I love your video keep it up. Just subscribed

@ratatouillerajowalo4971 2 года назад

Elon Musk is South African, just acquired American citizenship. I'm proud of him

@asiphejohnson6543 2 года назад

& what has he done for the country exactly?

@kay-uy9qy Год назад

Everything

@jinyos 3 года назад

You should make a video on strive masiyiwa he is from Zimbabwe I think he will be the richest man in Africa in 10 years.he is worth 1.6 billion USD now.he has telecom and payment system company similar to paypal

@Biobele 3 года назад

Because all the richest men in Nigeria, south Africa and Egypt will be sleeping for 10 years straight

@jinyos 3 года назад

@@Biobele time will tell

@nigerdeltamirrortv9311 3 года назад

@@Biobele Lol. These guys don't even know there are richer people than Dangote in Nigeria but hide their wealth to avoid EFCC scrutiny

@JW-bf6gj 2 года назад

Just a reality check for everyone. A person can pay $100,000 a year to stay off the Forbes list. Once you pay this and stay low key you will never know who is the richest unless someome look up every single company in the world and see who owns what. Then you would have to look up every stock option in the world to see how much a person has. Finally there is land or property. Just a thought when a person is listed as the richest.

@sheriffola 3 года назад

I'm a Nigerian, Dangote is pronounced as Dangotay 😅. Great video as always!

@LogicallyAnswered 3 года назад

Ah shucks, that’s literally how I was pronouncing it at the beginning. But then I looked up Dangote pronunciation, and that’s what the video said haha. Should’ve stuck with my original pronunciation. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ysUkQdvrgp8.html

@Kaodusanya 3 года назад

nigerian here, Can confirm this.

@kingsleymichael7533 3 года назад

@@LogicallyAnswered Wow! You even researched for pronunciation. You really are incredible. I'm a Nigerian and didn't know much details about Alhassan until now.

@Niyet22 3 года назад

Amazing, thanks for the insight

@polarbear7 2 года назад

What a inspiring story 😭 love it God bless that man

@Ambigious 2 года назад

How is Elon Musk not the richest african? He is worth almost 200 billion

@RyanWillis227 2 года назад

Not sure, might be because he has a US citizenship?

@Ambigious 2 года назад

@@RyanWillis227 How does him getting an american citizenship mean he isnt african though? He was born in africa to an african and a canadian, and lived there for 31 years. Yes he may or may not be american and or canadian depending on ones opinion, but hes most certainly (South) african at the very least

@RyanWillis227 2 года назад

@@Ambigious hey bro I'm not contesting I'm just speculating why someone would think that he isn't

@Ambigious 2 года назад

@@RyanWillis227 Yeah yeah no worry I am just speculating on your speculation Sorry if it sounded too direct lol

@relebogilelevi 2 года назад

@@Ambigious the truth: because he's a Caucasian. it's just racism.

@PranavMehrotra 3 года назад

Hi, there, @LogicallyAnswered👋👋

@abelosei420 3 года назад

Why are you saying luck? It’s hard work and will not luck that statement is disappointing

@LogicallyAnswered 3 года назад

The reason I said luck is because Aliko did not build his wealth from scratch. Alhassan’s success is basically entirely hard work, but when it comes to Aliko, I think there is a decent amount of luck involved. When you’re born to the richest west African, it’s much easier to take it to the next level and become the richest African.

@handfairmakatura5093 3 года назад

I hate the fact that you call hard working of an African luck.. 🤔🤔😠😠

@diku6 3 года назад

Amazing journey!!

@GroovyVideo2 3 года назад

providing Nigeria with highspeed Internet had a few kinks - Great show - Thanks

@LogicallyAnswered 3 года назад

Thanks for watching!

@Dee-ou7vd 3 года назад

Great learning

@chrisrodriguez3053 3 года назад

I guess we forgot about Elon's net worth

@monzerfaisal3673 2 года назад

White Africans don't count lol. They have it on easy mode globally and with generational wealth

@chrisrodriguez3053 2 года назад

@@monzerfaisal3673 excuses excuses

@monzerfaisal3673 2 года назад

@@chrisrodriguez3053 ok

@RyanWillis227 2 года назад

@@monzerfaisal3673 sick way to generalise, fundamentally racist

@monzerfaisal3673 2 года назад

@@RyanWillis227 cool

@SujayAnJ 2 года назад

What a well researched episode!! @logically answered

@MrBendybruce 3 года назад

This is an amazing history lesson, thankyou 👍

@LogicallyAnswered 3 года назад

Glad you found it informative Bendy!

@toochukwuowoh606 3 года назад

@@LogicallyAnswered you did a very poor job... Zero research

@Tumixs Год назад

@@LogicallyAnswered If there's accurate data, (which I really believe is available). You really should make a couple more videos that involve Africa, one a year ain't bad. I bet am not the only one watching this channel from Africa.

@millevenon5853 3 года назад

Very impressed with your analysis. Love from South Africa 🇿🇦

@waynepalmar6101 3 года назад

Great video

@leoak 3 года назад

Since you're doing Africa, do Ismail Ahmed of Somaliland who recently donated $500 million to his native country.

@LexlutherVII 3 года назад

Can you send the source?

@andrewkibe4391 2 года назад

Why can't we see each other for who we really are - 'humans' and end this divide of this and that? If only and only we can consciously chose to see ourselves this way, what a world would this be instantly.

@huqahassan6406 3 года назад

*Meet The Richest black man In The World*

@huqahassan6406 3 года назад

@@sunniwarrior270 who and who?

@raymondkanga 3 года назад

@@sunniwarrior270 Mention one, I'll wait.

@raytino 3 года назад

Your opening statement about the Zim currency is off We don’t use those anymore man I’m from Zimbabwe so I should know

@chickenkfc3889 3 года назад

Mansa Musa were the richest man / Mali in Africa and the World. So the title is flawed but still inspiration video.

@RealLaone Год назад

hopefully the refinery isn't messed up by the move to EVs, if so then the country must stay with their ICE vehicles, or push for more of their own brands productions.

@codebydoh 3 года назад

For those saying Elon is the richest African I don't think that's true. Yes he was born in South Africa but his origins are not African. And so is same for all the non-natives in South Africa. An African is someone who's origin stems from Africa and that is why even black people born in America are called African Americans. Just a clear distinction to make. Some of you Elon fan boys will say anything or accept anything with Elon's name on it

@LogicallyAnswered 3 года назад

Well said my man

@DATEIQZHERKA 3 года назад

This is not how it works he was born and raised in south africa which means he is south african ,(there is a difference between race and nationality).

@LogicallyAnswered 3 года назад

So, you think it’s more accurate to describe Elon as an African billionaire as opposed to an American billionaire?

@DATEIQZHERKA 3 года назад

@@LogicallyAnswered i answerd him because he said elon isn't african even he was born there and his father is a south african himself. For your question : Elon was born in south africa which is his nationality and he just went to america after he growed up so yes i do ..

@LogicallyAnswered 3 года назад

Ah I see, in that case, we’ll just have to agree to disagree.

@dezjamesjr4376 3 года назад

He the best respect from Trinidad and Tobago 🇹🇹 an Canada 🇨🇦

@chipsun2504 3 года назад

GO Africa!!

@chessworld4366 3 года назад

Love your content

@LogicallyAnswered 3 года назад

Thanks man!

@alvinchikono1510 3 года назад

Those trillion dollar bills were last used in 2008 though, give us a break😂

@bukenyajoshua6207 3 года назад

He's wealth is no surprise his whole family is old man🙌

@Mateus01234 2 года назад

What about Elon Musk? He was born in Africa.

@Plab1402 3 года назад

I thought it was elon musk or maska musa

@ccm2059 3 года назад

It's currently Elon but maska musa is the richest in history

@Plab1402 3 года назад

Yea

@LogicallyAnswered 3 года назад

I guess you could say it’s Elon Musk on a technicality. But other than being born and raised there, none of his money is from Africa. His businesses aren’t primarily based in Africa nor did he live in Africa while growing his businesses.

@Plab1402 3 года назад

Ture

@TheBooban 3 года назад

@@ccm2059 mansa musa. Hard to grasp how he was the richest.

@fabianmunene5564 3 года назад

I have met one Dantata and can vouch they are diligent and kind.

@taddmaxwell8363 3 года назад

Thanks.

@ibrahimkhalid4298 2 года назад

As a hausa man, your pronunciation of the names in this video is hilarious.

@Matt-hs7gs 3 года назад

You know what I always find sad, and an unfortunate product of the lack of development and education that slavery created (and that European colonisers created when they removed all their money-making machinery out of the countries post-emancipation): It’s that as much money as one can make selling the raw materials as they always do in Africa (for e.g. the coco beans), they are not making anything compared to the ones selling the finished product post-manufacturing (e.g. chocolate products) - It’s literally not close. I can’t wait till Africans start making the finished product (high-quality ones) and refuse to simply trade the raw materials. Then the real wealth would come in since ppl would be forced to buy from them cause no where else has the resources like they do. That’s hard to come by for many reasons I can’t possible encompass under this comment if I intend for it to not be ridiculously long - corrupt, money-hungry politicians is a part of that tho.

@petropaoloaguilar6673 3 года назад

Mr. Dangote, please buy Arsenal already.

@elijohnson4801 3 года назад

You don't want this monopolist to buy your club. He will run it into the ground

@kofisam9650 3 года назад

@@elijohnson4801 hater! Get a life!!

@sickboi2615 3 года назад

Amazing and inspirational

@santoshsccoby2617 3 года назад

man you made my day really i'm seeing him first time in my life that a person called ALIKO DANGOTE is billion boss in africa

@LogicallyAnswered 3 года назад

Thanks for watching Santhosh!

@santoshsccoby2617 3 года назад

@@LogicallyAnswered "your pleasure" keep making videos like this i always support from your behind and may god bless you and peace be on you bro lots of love

@Roof007 3 года назад

Great video. ☺️

@LogicallyAnswered 3 года назад

Thank you Ayan!

@carlosrodrigo9133 Год назад

You have to see his story properly his influence and business practices

@coolname9184 3 года назад

First

@ccm2059 3 года назад

We didn't ask,but thanks for watching it helps the algorithm so logically answered can get more views

@LogicallyAnswered 3 года назад

Yes sir, thank you for watching and commenting!

@coolname9184 3 года назад

@@LogicallyAnswered no problem

@ganjamania990 2 года назад

What do you mean by lucky African?

@thetruthsayer8347 2 года назад

The man, with help of the Nigerian government took a $3 billion loan to build an oli refinery and managed to sell 20% shares back to the Nigerian government for $2 billion before the refinery could make a dime. Why won’t he be a billionaire? 🥶 💀

@princeafriqa6917 2 года назад

Not true,research properly. He borrowed way more, he's a risk taker.

@thetruthsayer8347 2 года назад

@@princeafriqa6917 I’m just going off what was in the news. Are you his accountant?

@LorandHungary 2 года назад

I like the videos , but i feel like the comparations on how much money someone is making in different countries can be misleading. Just because the costs of living most of the times are also different.

@Gibreeltheone 2 года назад

Africa to the sky🇺🇬🇺🇬🇺🇬🇺🇬🇺🇬

@proff6651 3 года назад

I'm inspired

@callofdutymobile1074 3 года назад

Im vary motivated after watching this.

@zellychapman5883 3 года назад

@raytino 3 года назад

But still a good video

@KP-hs9sg 3 года назад

Should Elon technically be the richest African I mean he is South African right?

@kushope 3 года назад

He would have, but he is not based in Africa. His wealth is not from here. Black billionaires in America are not listed as African billionaires

@ndolorichard5323 3 года назад

@@kushope that's different altogether. Elon Musk's father lives in South Africa

@tywanastacy8513 3 года назад

No he is not African he is A bore The Afrikaners are Dutch they are not African they do not come from no tribe it cannot trace the bloodline to any tribe in Africa

@codebydoh 3 года назад

Being born in South Africa doesn't make him an African. Africa is a Continent and not a country. There is a clear distinction between the two. Yes he is a South African because the country is called south Africa and not a description of the southern part of Africa. If that is your mixup then I hope that clarifies you. An African is someone who's origin comes from Africa hence must be a black person. Any other race living in an African country are not Africans but rather citizens of the country they were born in but originates from the Continent where their race originates from eg Europe, Asia etc.

@codebydoh 3 года назад

@@kushope no he won't be an African even if he had his businesses in Africa. He will always be a South African because he was born in the country called South Africa but not because he originates from Africa.

@doxologist 3 года назад

Damn, that pronunciation of "Dangote" (Dan-go-tay) was way off 😅 great vid regardless!

@Rose-pz8es 2 года назад

The truth Africa is the richest country, but there people behind how Africa it became this way!

@wally6620 3 года назад

this sounds like a story my grandpa would tell me

@LogicallyAnswered 3 года назад

Hahaha, I can imagine that

@neeljavia2965 3 года назад

Lol. Was thinking the same.

@funmilayotijani3119 2 года назад

I'm late to this but that pronunciation was so off lol And just to add, here in Nigeria, Dangote is considered a shady figure. Many have accused him of Monopoly by banking on his govt friends and connections. A lot of his products are often considered subs standard compared to other competitors. For example, there's a famous saying here that Dangote cannot succeed in a sector without help from the Nigerian govt. His venture into juice and noodles notably failed as they were already established players offering better services His cement is basically unaffordable to the average Nigerian while being cheaper in other African nations Just saying Dangote is not as beloved here as many people would like to think

@maxlostchild7187 3 года назад

TECHNICALLY the richest African would be Elon Musk.

@ccm2059 3 года назад

True

@LogicallyAnswered 3 года назад

I guess, but basically none of Elon’s wealth actually comes from Africa. His entire business career is in America.

@aberba 3 года назад

@@LogicallyAnswered American wealth comes from all over the world then. Dangote has foreign wealth as well

@ccm2059 3 года назад

@@aberba maybe he means elons not based in Africa

@joannot6706 3 года назад

Elon is actually american today, he has been for almost 20 years. He came from Africa and left quite quickly.

@TheEPICGAMINGS 2 года назад

That cement factory is just the typical political kick back dude probably "helped" out a lotta politicians there

@MaziEmdi 2 года назад

We all know most corrupt Nigerian politicians used his company to launder most of their embezzled funds…. That’s how u get a cement factory as charity from said government. Enough of the bullshit. … the fact that he’s heavily investing in fossil fuel refineries in this day and age says a lot .

@osaroosayande2666 3 года назад

Dangote is a Monopoly supported by the Nigeria Government that's why he is this rich. His company Dangote Cement Plc controls more than 70% of the Nigeria cement market. Even his other company Dangotr Sugar have been know to drastically increase Sugar price during the Muslim Festive period when demand is usually high which I think is unethical.

@LogicallyAnswered 3 года назад

Ah I see

@similoluwaolufowobi9088 3 года назад

@@LogicallyAnswered Bro don't listen it's not a monopoly. How can you call it a monopoly when most investors don't bother to invest in the country. And also there are is a cement company owned by BUA group which is most dominant in the northern side of the country. You should do a video on it's founder also AbdulSamad Rabiu. whats the discord btw

@LogicallyAnswered 3 года назад

The discord is in the description

@osaroosayande2666 3 года назад

@@similoluwaolufowobi9088 @Similoluwa Olufowobi please do some research and you find out why dangote dislikes BUA group, because bua wants to be a competitor to dangote to bring the price of Commodities down like Cement and sugar. Please do some research. I don't have dangote, I actually do like business sense, but I like when people are honest and transparent

@similoluwaolufowobi9088 3 года назад

@@osaroosayande2666 is he supposed to be in love with his competitor. Bro literally almost no one in the country is trying to invest their money into the country. And he is one of the few that invests deeply in Nigeria. If he doesn’t have any competition then he can toy with the prices bcuz there is not enough people trying to develop the country. Im not saying itz fair to make prices high but itz just the benefit of having next to zero competition

@kurosakiadhitya4283 2 года назад

Not just africa... usd 5.5/day is good money here

@jujumanayelala6291 3 года назад

YEt Nigeria is so poor

@YanalchiConqueR 3 года назад

The trillion dollar bills found in Zimbabwe that were banned as currency more than a decade ago? Did you really do your research or you wanted to sound smart?

@LogicallyAnswered 3 года назад

I know they were banned, but I think it’s still a notable characteristic as it’s one of the most well known facts about Africa.

@YanalchiConqueR 3 года назад

@@LogicallyAnswered It was early in the morning this side when I saw the video, I might have been a lil cranky. My bad lol

@LogicallyAnswered 3 года назад

No worries man, thanks for replying! Most people just ignore the reply haha.

@Abhi-wn7sw 3 года назад

Why not just "Meet the Richest African"?

@LogicallyAnswered 3 года назад

It just sounded more impressive I guess haha

@michelbruns 3 года назад

but building an oil refinery in Nigeria would also make Nigeria more depended on oil exports instead of imports

@LogicallyAnswered 3 года назад

Isn’t that better?

@michelbruns 3 года назад

@@LogicallyAnswered what if other countries suddenly stop importing oil from nigeria? Nigeria wont have enough money, and this will happen sooner or later when more and more countries adopt solar, wind etc. Germany eg. Has the largest export surplus in the world, which sounds great, it is.., but they rely on exporting and relying on anything isnt good, in germanies case it isnt that big of a problem because they dont build *one* "product" like oil

@nelsonchinasamy9857 3 года назад

@@michelbruns you have a very good point here. As the old English saying goes ' Don't put all your eggs in one basket'

@michelbruns 3 года назад

@@nelsonchinasamy9857 exactly

@solocom12 3 года назад

It would allow Nigeria to atleast feed the economy. Africa will be slower to transition to clean energy so he'll have a market for atleast a few decades on the african continent. He's biult the refinery with the intention to secure Nigeria's foreign reserves and then serving the African continent first the rest of the world. Should help with industrialization. Whats not mentioned is that as part of the refinery project is i think the largest ureah fertiliser plant in the world. Point im making is his focus is on the country and continent. Anything else is just taking advantage of the opportunity available

@governortechnologyarena9261 3 года назад

That was an amazing recap of African history. but usually some details are left out, like how he was able to make 10g per month when his business had just started.

@0x0michael 3 года назад

He was already rich, his father was a successful businessman.

@skyhigh418 3 года назад

Elon Musk is the riches African.

@Wasnt-1 3 года назад

agree but for most people he isnt black enough to be the richest african 😕

@skyhigh418 3 года назад

@@Wasnt-1 agree, regardless black or white, technically he is an African.

@kiarafrank3282 2 года назад

@@Wasnt-1 no he isn't african

@XPXhumble 3 года назад

His great Grandfather got it out da mud and Aliko brought it to the top

@chewy99. 2 года назад

It’s definitely Elon Musk

@panashendlovu2966 3 года назад

Isnt he the richest black man in the world not only africa

@tenthsign6006 3 года назад

He makes his money off monopoly... Thanks to the government

@tunjicollins1312 3 года назад

How, where is your facts

@aljamilify 2 года назад

The second biggest refinery in the world not in nigeria...

@neeljavia2965 3 года назад

It's quite fascinating that his grandfather made money selling goods in a country with very less demand at that time instead of exporting and making billions like most asian countries did using the cheap labour. However I think it's like the ones who set upp shops and hotels in California during the gold rush made more money instead of the ones digging for gold.

@LogicallyAnswered 3 года назад

His great grandfather did export to Europe though, he made his fortune exporting groundnuts to Europe. Aliko, however, has made his fortune by importing and exporting.

@neeljavia2965 3 года назад

@@LogicallyAnswered Yes.

@TheBooban 3 года назад

8:39 don’t know why he got the cement factory? “Not sure”? Lol, very pc. Sounds like a bribe to me. I think many wealthy outside the west have similar stories. But the rags to riches little slave boy story was very impressive.

@LogicallyAnswered 3 года назад

Yeah that could very well be the case. Alhassan’s story though is indeed extremely impressive.

@kingsleymichael7533 3 года назад

@@ucheHarpersx Thanks for the explanation. Was wondering.

@TheBooban 3 года назад

@@ucheHarpersx ok, maybe he isn’t corrupt. But my god how can oil refineries and cement factories be inefficient?? Super basic industries. Whichever govt. employee running that, now there’s your corruption then.

@ane1315 3 года назад

@@TheBooban He also tried to buy one of Nigeria's 3 oil refinery but the government refused him and he's now building his own with more than the total capacity of the non working refineries. And now the government is looking for who to buy it's old problematic refineries.

@atti1120 3 года назад

Al Hassan, what a legend

@serioustalkwithbhudax 3 года назад

That's true regs to riches story not this thing we see today.

@olusolapelumi6660 3 года назад

He'd grandfather was so amazing man

@Danorous 3 года назад

Dangote is not the only billionaire in Nigeria. Nigeria had 7 billionaires

@zed3440 Год назад

lmao the richest African in the world is Elon Musk

@Vex319 2 года назад

1 minute in and you’ll understand the value of generational wealth. Idk if you guys have noticed but a lot of rich people have rich parents and a lot of poor people have poor parents

@louiskalampa3011 3 года назад

Richest black man in the world add that to it

@tanakaramba5403 2 года назад

Iwewe unopenga

@marcuswaldron4568 3 года назад

It is interesting after watching this video that words used to describe how Mr Dangote made his wealth is "lucky"... that he is a "lucky" African... hmm smh. I wonder if they would describe Elon as "lucky".

@ExpiredMike 2 года назад

Isn't Elon Musk Africa's richest person?

@Ace-gx4xf 3 года назад

He is lucky please.... I hate that you think that somebody with amount of wealth is Lucky.

@Officialspinart 2 года назад

It's not luck.

@AsleepWarrior 3 года назад

What about Elon Musk? He technically is South African...

@manghariz2211 3 года назад

His wealth will probably multiply alot When Africa is getting more industrialized and modernized

@LogicallyAnswered 3 года назад

Ah yes, no doubt about it!

@mrdirect4053 3 года назад

The richest "BLACK MAN" on earth....not richest African 😎

@kofisam9650 3 года назад

He is... Elon musk is not african!!!

@mrdirect4053 3 года назад

@@kofisam9650 I meant he's both richest African and black man on Earth 🌎

@beverlyelohor7457 3 года назад

He is the “richest” man in Africa because he has monopolized the market in Nigeria( the most populous Black Country in the world)., Cement, Sugar, rice and a bunch of others and now he is delving into oil, other businesses are not given a fair chance to compete, hence he dictates the price.....so yeah invariably he will be the richest black man.