emmykk:
He said 5000k was the cost of Mercedes 200 then.which means his uncle gave him loan of 100 Benz figure that.

He may not be upright getting all these anyway

500k wasn't the cost of Mercedes 200 in 1977. If you meant to say 50k, it wasn't even up to that.

Everfrank:

Then tell us the truth or shut up.

ask him how he got is initial start up

no aboki will ever tell you how he gets his money ask any northerner

Dangote's money isn't made fairly. Thats all

na ogboni be d main secret

Mr man,I tnk dangote paid u to strt typin all ds bullshit.so to u he sells cheap quality products?do u hav any idea aw much hs bag of cement costs?u say he obeys d law of d land..or he pallys wt whosoever is in govt per tym?ask him aw many bags of cemnt he gv to construct PDP secteriat..he bot hilux trucks in millions for customs so as to prevnt influx ofmaterial he produces...abeg go check ur source well nd stop tellin us nonsense here.!!

wel in as much as e worked hard to mke his money.. 500k loan back then is equal to 5 million naira nw. If i see who go give me 5mil loan. I swear i go rich pass dangote.

no be wetin I want see be that

make dangote too borrow people 500k make we see if them go pass am......GRACE!

Everfrank:

9. He works pretty hard

As an astute businessman, Alhaji Aliko Dangote spends most of his time strategizing and brainstorming on how to grow his business. Reports have it that he sleeps by 2:00 am and wakes up by 5:00 am everyday. Can you beat that?

When you are successful (or exceptionally wicked/failed/bad) na so people go dey spin ogbonge tori about you, which are essentially MYTHS

emmykk:
He said 5000k was the cost of Mercedes 200 then.which means his uncle gave him loan of 100 Benz figure that.

He may not be upright getting all these anyway

You got that right. So much money at that time. Like N100m now.

sirRiddy:
Who is Aliko Dangote?

is one of the houseboy working @ mama silifa alagbo's shop... Sum pple sef dey tire person,the content state him as the richest man in africa continent yet u're still asking who is aliko dangote

Brymo:
Empty pockets never held anyone back. Only empty heads and
empty hearts can do that. –Norman Vincent Peale

may the good lord continue to bless u say amen

Dangote is just an opportunist' I can still remember very during abacha he was the only one given the licenced of importation to dis country for years, so what are we now saying?

You can tell us he works hard but not that he sleeps for just 3 hours everyday. Aba!! Anyways kudoss to him

JuanDeDios:

500k wasn't the cost of Mercedes 200 in 1977. If you meant to say 50k, it wasn't even up to that.

sorry he said N5000.i mistakely added k to the 5000

That is a loan of 100 Mercedes cars

Awho:


may the good lord continue to bless u say amen

amen sir!

Kudos, sir. Truth is, I don't have that kind of uncle.

scribble:
Back when he took 600k loan. Dollar was equal to naira. Just fyi


He is also known to be very stingy.

poor people see rich people as stingy.

The book the richest man in Babylon say so

N500,000 in 1977 is like someone giving you well over 100million today, interest free to start a business. Dangote is simply previeledged. He had a good start.

Anyway, he used the money well.

Losers are complaining here.. When they can actually challenge themselves to be the next Dangote..

Everfrank:
10 Secrets Of How Aliko Dangote Made His
Billions

Africa’s richest man Alhaji Aliko Dangote is the most successful businessman of the continent. His business is presented in a lot of countries.
As of January 2015, Dangote had an estimated net worth of US$18.6 billion.He made his fortune is cement, sugar and flour. In April 2014, months before oil prices plunged, he announced $9 billion in financing from a consortium of local and international lenders to construct a private oil refinery and fertilizer and petrochemical complex in the country. In August 2014 he said he would invest $1 billion in commercial rice farming and modern rice mills. His publicly traded Dangote Cement is also grabbing new markets in Africa, with $750 million in new plants planned for Kenya and Niger. His net worth tumbled from $25 billion in February 2014 as a result of a weaker Nigerian currency and a drop in demand for cement. He made his first fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle.

Nigerianbulletin reviews some of his financial secrets:

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.

3. He kicked off his business by trading in commodities

Sugar, rice, pasta, salt, cotton, millet, cocoa, textile and vegetable oil were the commodities he started his business with. He was importing these commodities into Nigeria.

4. He developed a strong distribution network

Since production is not complete until the goods reach the final consumer, Dangote developed a strong distribution channel that made his goods delivered faster than his competitors’ goods.

5. He leaped from importation to manufacturing

After some years in his importation business, Aliko Dangote transformed into a producer of products he was importing. In one of his statements, he revealed that changing from an importer to a manufacturer has so far been his best move. The move produced Dangote Group, an organization that controls over 13 companies.

6. He built a brand

Dangote built a vibrant brand for his business. He corroborated this during an interview by saying “to succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand (Dangote), which I diligently built in the course of my trading.”

7. He sells cheap quality products

In his mission to gain the loyalty of his customers, Dangote started selling his competitive products at cheaper rates compared to his competitors’ rates.

8. He had a big breakthrough

Dangote’s networking skills and ability to make unprecedented connections made him record the major breakthrough he needed for the prosperity of his business. His break through emerged when he acquired the license to import cement.

9. He works pretty hard

As an astute businessman, Alhaji Aliko Dangote spends most of his time strategizing and brainstorming on how to grow his business. Reports have it that he sleeps by 2:00 am and wakes up by 5:00 am everyday. Can you beat that?

10. He obeys the laws of the land

Unlike other cunning businessmen, Dangote is an upright man as far as abiding by the rules and regulations governing the ethics of business are concerned. He keeps his credit records as well as his tax records tidy and he preaches that business should be done as stipulated by the regulatory bodies.



http://www.naij.com/426890-wealth-secrets-of-aliko-dangote.html

If what you write above is all your knowledge of Dangote, then you know very little or nothing about Aliko Dangote.

Sleeps 2am.... Wakes 5am















Rubbish!!....

lonelydora:
Join you soon. Working on my ideas. See you at Forbes in the nearest future.

hope its nt airforce1 version 2.

Ultimate300:
hope its nt airforce1 version 2.

Mtchew

onosprince:
G

"G" is for "Goat"

scribble:
Back when he took 600k loan. Dollar was equal to naira. Just fyi


He is also known to be very stingy.

Do you know him personally?

And he works under me And he works under me

500k in 1977, guy leave talk that amount is like 500m now. give me 500m i will be the richest person in this continent in the next 20years

No mention of his government policy manipulation?

His demand that he be granted a monopoly license to import rice?

sirRiddy:
Who is Aliko Dangote?

my papa

Well said....