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‘No no no’ – Dangote’s response when asked if business owners can buy Porsche cars

Dangote, who is a multi-billionaire noted that the challenge with this group of individuals is the hunger to spend their projected incomes.

The successful entrepreneur with a portfolio in cement, sugar and fertilizer.

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“The biggest issue with us Africans is that we spend our projected incomes. Once you start doing business and it starts doing well, rather than you to keep investing in the business, you start spending money and thinking that that profit will continue to come. There are ups and downs in business so you need to be very focused a say okay fine, what do you do and how do you do those things,” he said in the video sighted by MyNigeria.

When asked jokingly by the host if businessmen can buy Porsche cars, he replied; “no no no”.

Dangote maintains his position as Africa’s wealthiest man for the 12th consecutive year, despite a $400m drop in his fortune to $13.5bn, according to Forbes’ list of African billionaires for 2023.

The year-to-year decrease in Dangote’s fortune is explained by a drop in the value of Dangote Cement shares – of which he owns 85% – as well as a year of elevated inflation due to a very volatile global environment.

Johann Rupert, the founder of the Swiss luxury goods holding company Richemont, stays at number two on the richlist despite significant losses – his fortune fell by $300m to $10.7bn, partly because Richemont’s share price fell to its lowest level in more than two years.

South African Nicky Oppenheimer, who sold his family’s 50-year-old stake in diamond mining giant De Beers for $5.1bn in 2012, stays in the top three with a net worth estimated at $8.4bn, a $300m decline compared to January 2022.

Source: www.mynigeria.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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