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Billionaire withdraws $10 million just to look at it

Billionaire withdraws $10 million just to look at it

3 months   ago  /  155

Nigerian billionaire Aliko Dangote, known as Africa's richest man, told a discussion in Ivory Coast on Saturday how he once took $10 million (Dh36 million approx) in real money out of the bank just to take a gander at it and get it into his head this was genuine cash, not simply figures on paper. 

"When you're youthful your initial million is critical, yet after, the numbers don't mean much," Dangote, an assembling magnate with a scope of organizations spreading over bond to flour, told the Mo Ibrahim gathering in Abidjan. 

"At some point, I got the money for 10 million, place them in the boot of my vehicle I place it in my room. I took a gander at them and thought 'now I trust I have cash' and counted on it back the following day," he told his gathering of people. 


Stories aside, Dangote said that the two most encouraging divisions for Africa's future were agribusiness and new advances. In any case, he exhorted youthful African business people not to escape by the principal flush of accomplishment. 

"Regularly in Africa we spend our anticipated salaries. There are high points and low points" in business, he cautioned. 

Dangote said he lamented the traditions and regulatory issues that hamper business advancement all through the landmass. 

For instance he refered to the challenges his bond bunch faces in trading to Benin from Nigerian production lines 40 kilometers (25 miles) from the fringe. Benin imported "progressively costly" concrete from China.