All Africa recently took a look at “Nigeria’s Super Rich – How They Make, Spend Their Money.” What they found was that “successful individuals who have created wealth through wise and diligent investments in business hardly squander their money. They also tend to reinvest their capital into their businesses.
Among the people the outlet profiled was Aliko Dangote, the richest man in Africa. His Dangote Group is West Africa’s largest publicly listed conglomerate with such business interests as sugar refining, flour milling, textiles, real estate and salt processing. His total net worth is about $16.1 as at March 2013, reports All Africa. He gives millions to philanthropic organizations. He gave, for example, $100 million to causes ranging from education and health through flood relief, poverty alleviation to the arts. But he does use his money on some luxury items. According to All Africa, Dangote acquired a private jet in 2010 which costs estimated to cost $45 million. He also has a $43-million yacht, it has been reported.
All Africa also profiles Otunba Mike Adenuga, who built his fortune from banking, mobile telecom service and oil. His Globacom is now Nigeria’s second largest mobile phone network. At present, he is worth $4.7 billion, reports All Africa. Adenuga also spends on various philanthropist activities.
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