News Africa
Dangote puts his $45.5 million private jet up for sale after 13 years

The move by Africa’s wealthiest man is said to be a strategic one towards streamlining some of his extensive portfolio of luxury assets.
Dangote, who already owns a multimillion-dollar luxury yacht, has now put his Bombardier Global Express XRS jet up for sale. The aircraft was purchased at $45.5 million some thirteen years ago when he attained 53 years.
The private jet, according to billionaires.africa, received a paint job back in July 2014 and comes with an array of features providing lavish comfort to about 15 passengers.
The aircraft, which is often used for international and regional travels by the business mogul also comes with a forward cabin, four executive club seats with two foldout tables, a forward crew lavatory, and an aft lavatory for convenience and privacy.
Dangote’s latest move to sell his private jet marks a shift in his wealth management portfolio – a move that is often adopted by the elite.
Meanwhile, Nigeria has a vast private jet market with many wealthy individuals owning an aircraft or renting them. In addition, maintaining the aircraft could run into hundreds of thousands of dollars.
According to flyalliance.com, the average maintenance cost of a private jet is around $500,000 to $1 million. This is however coupled with parking fees, avionics upgrades, interior refurbishments, pilot fees, among others.
Bombardier Global Express XRS jet
Source: www.ghanaweb.com
-
GENERAL NEWS2 weeks ago
New details on mansion where Mrs. Kufuor is buried emerges
-
SHOWBIZ KONKONSAH3 weeks ago
Amerado: A rap star proving his mettle with ‘Kwaku Ananse’ story
-
GENERAL NEWS2 weeks ago
Watch as a brave Ghanaian farmer battles with a wild python he found on his farm
-
America2 months ago
Tupac Shakur’s sister calls new murder charge ‘pivotal moment’
-
SHOWBIZ KONKONSAH2 weeks ago
WATCH: Showboy released from US prison, deported back to Ghana
-
Finance3 weeks ago
#Don’tTaxMyPeriod protesters ‘ambush’ Ofori-Atta at parliament ahead of budget reading
-
South Africa News4 weeks ago
Criminals have declared war on South Africans – police minister
-
Lifestyle3 weeks ago
Couple gives birth to Quintuplet after 8 years of childlessness