Dangote Says He Built His Fortune From Scratch

  Рет қаралды 160,209

Bloomberg Television

Bloomberg Television

4 жыл бұрын

Jan.08 -- Aliko Dangote, the richest person in Africa and founder of Dangote Industries, talks about building his business from scratch, and and why he's giving away his inheritance to charity. He appears on "The David Rubenstein Show: Peer-to-Peer Conversations." The interview was recorded Sept. 26 in New York.

Пікірлер: 255
@dickensmccain3129
@dickensmccain3129 3 жыл бұрын
His granpa Dantata, was the richest west african trader back in the 20th century. Dangote has taken family legacy to the world stage.
@deepdude4719
@deepdude4719 3 жыл бұрын
This guy is like Royalty in Nigeria.
@kingleo429
@kingleo429 2 жыл бұрын
@@deepdude4719 swear down.
@inmythoughts718
@inmythoughts718 11 ай бұрын
THIS GUY IS A THIEF
@SleepyBasketball-so7tk
@SleepyBasketball-so7tk 2 ай бұрын
@@deepdude4719 vv
@ericaluke5448
@ericaluke5448 3 жыл бұрын
Denzel Washington once said *"TO get what you never had before you have to do what you never did before"*
@armstrongbill6805
@armstrongbill6805 3 жыл бұрын
I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $100k
@revendouglas2881
@revendouglas2881 3 жыл бұрын
In times like this,the best thing any American can do for him or herself is to have another source of income apart from his or her salary,invest wisely people!
@changchangjuju4281
@changchangjuju4281 3 жыл бұрын
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
@patriciamaria7952
@patriciamaria7952 3 жыл бұрын
@@changchangjuju4281 I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading
@patriciamaria7952
@patriciamaria7952 3 жыл бұрын
@@changchangjuju4281 But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time
@swagmasterswag12
@swagmasterswag12 4 жыл бұрын
Wealth is passed down one way or another through the mind or monetarily
@Moneybagzzz
@Moneybagzzz 4 жыл бұрын
Absolutely. In my opinion one of the most important things to pass on to your offspring.
@yetundeadebimpe-brown2653
@yetundeadebimpe-brown2653 3 жыл бұрын
So true!
@DMPWORLD
@DMPWORLD 3 жыл бұрын
Then Trump was brutally straight when he said to Americans, "Im very rich. This is the mindset Americans should have."
@ahmadzakariyah6492
@ahmadzakariyah6492 3 жыл бұрын
Facts don't support this statements
@abdulraheemmuhammad4985
@abdulraheemmuhammad4985 3 жыл бұрын
Dangote said he gave what he inherited to charity at a tender age😂🤣😂Oh my God.
@arfenmalik1717
@arfenmalik1717 3 жыл бұрын
Yea 😹😹
@abdulrahimjalloh8469
@abdulrahimjalloh8469 3 жыл бұрын
🤣🤣🤣🤣
@muhammadunaziru600
@muhammadunaziru600 3 жыл бұрын
Akwai wargi a Wanga Batu
@gboebemialabi7298
@gboebemialabi7298 3 жыл бұрын
Please don’t use God’s name in vain
@modou6349
@modou6349 3 жыл бұрын
@@gboebemialabi7298 not everyone believe in god
@MRResponsible.
@MRResponsible. 3 жыл бұрын
You studied in Egypt and started your rice and sugar business by importing them and still you said you started from the scratch. Hmm, my oga you needs to enter inside naija very well to see what starting from the scratch really is. You will see men that went to a local school, lived in geto and nothing to be called an inheritance or anything to start something with and they will go with zero (0) account balance to to billions example are some of our great musician who has given us (Nigeria) a name. But I appreciate you though because it's not easy. One love.
@OgolordIntl
@OgolordIntl 3 жыл бұрын
You are very correct 👍👍
@joyandpeacefullaughter5307
@joyandpeacefullaughter5307 3 жыл бұрын
😂 He should enter inside Nigeria very well.
@b.c.34
@b.c.34 2 жыл бұрын
I think you've forgotten that some people also had access to silver spoons but couldn't utilize the opprtunity, though his father is rich but he made it global that means that if his father was poor he would have also made it.. So you need to rejoice with him.
@osasosasco2615
@osasosasco2615 3 жыл бұрын
Got money from Dan tata,nothing from scratch,I remember seeing most trailers passing tru benin city this family have been rich since the beginning of Nigeria
@davidjohnny5616
@davidjohnny5616 3 жыл бұрын
Jealousy
@osasosasco2615
@osasosasco2615 3 жыл бұрын
@@davidjohnny5616 how 🤔everyone want to be rich like dangote my man,no envy here,just know that the family have been rich for a long time,even you could heard the woman asking him three times,because she know that's not possible with the family wealth
@ishma2100
@ishma2100 3 жыл бұрын
@@davidjohnny5616 not jealousy just facts. This guy is no different from the Trumps. (🙏🏾 trust me am not knocking) just keeping it real. He's the 1% while the majority of his country struggle. Nigerian politicians are very corrupt. And if you have money, you can buy your way through the laws and policies. Same way like Vladimir Putin and the billionaire Russians run Russia.
@mrroboto680
@mrroboto680 3 жыл бұрын
Guys, if you truly believe his story, than you are more gullible than a 1 year old kid lol.
@ceowonu
@ceowonu 2 жыл бұрын
Precisely. He inherited money from his Father's will. Not sure why it's so hard for him to say that smh.
@kwasiappiah-kubi7686
@kwasiappiah-kubi7686 2 жыл бұрын
@@ceowonu apparently he got a loan from his uncle
@b.c.34
@b.c.34 2 жыл бұрын
I think you are more gullible. He expanded his father's wealth and didn't kill it, he didn't spend his father's wealth on bitches and in night clubs as most folks would have.. What you are to learn from his story is never waste an opportunity, because every pinch of salt counts.
@calitaste8723
@calitaste8723 3 жыл бұрын
What kinda interview is this, you coulda done basic research on half the questions you asked. To curate better questions
@dowoyele
@dowoyele 3 жыл бұрын
Good point! Very lazy interview. He is just registering the facts of the interview; it was supposed to be an exposition on what we already know.
@aelaeus
@aelaeus 3 жыл бұрын
And rude. The interviewer was rude.
@joyandpeacefullaughter5307
@joyandpeacefullaughter5307 3 жыл бұрын
He doesn't want to upset oga.
@genokamanjate3921
@genokamanjate3921 2 жыл бұрын
Good interview from Mr Dangota
@matthewconner463
@matthewconner463 3 жыл бұрын
AMAZING ✊🏾BUSINESSMAN Calm and collective & humble🎩 man
@genokamanjate3921
@genokamanjate3921 2 жыл бұрын
Was very nice speech Love it
@bb-pz2zl
@bb-pz2zl 3 жыл бұрын
This is a bit of a touting title, perhaps the publisher of the videos should make similar titles about the 500 main so called “self made” US business men. Dangote evolves in environments that are far more difficult to navigate than most of his peers industry moguls worldwide.
@shakur7919
@shakur7919 3 жыл бұрын
From scratch? ?? At that age donating all to charity? As a business started and at that age, I found it hard to believe he could donate it to charity. I don't know why Dangote find it hard to admit that it was easy for him cos if family wealth and not that he built from scratch
@favourajao8185
@favourajao8185 3 жыл бұрын
+ the largest political connect in the entirety of Nigeria. Thrived under every single government irregardless of the political party in power.
@angefabricenda560
@angefabricenda560 3 жыл бұрын
He knows what he's saying
@donotreplydumbpeople3866
@donotreplydumbpeople3866 3 жыл бұрын
@@angefabricenda560 exactly
@JC-ig4xy
@JC-ig4xy 3 жыл бұрын
Someone needs to tell Burna Boy this
@davidjohnny5616
@davidjohnny5616 3 жыл бұрын
Why you all believe that his family stole money man this is sad
@ReallyStrongGuy
@ReallyStrongGuy 4 жыл бұрын
Awesome to see this guy. Will help a lot of people expand their minds about possibilities. Must be great to inherit wealth. Wish I did. However, donatimg the amount of your seed money - after it has grown into an oak - is not the same as building your fortune from scratch.
@nathanielamenuveve127
@nathanielamenuveve127 3 жыл бұрын
Deep
@shelahivie7298
@shelahivie7298 3 жыл бұрын
You said it all
@fxbunny9473
@fxbunny9473 2 жыл бұрын
@@shelahivie7298 . . .
@nicholasjanke3476
@nicholasjanke3476 5 ай бұрын
He came from a rich family but as he says in the interview he did not really inherit himself (except for some assets his dad left)
@ReallyStrongGuy
@ReallyStrongGuy 5 ай бұрын
@@nicholasjanke3476 I get it. Having a stable family and lessons from affluent parents is more than most get. Seems like a good guy, which is great.
@chidijohn3377
@chidijohn3377 3 жыл бұрын
Story for the gods!! From scratch indeed
@emmanuelethegolfdoc3578
@emmanuelethegolfdoc3578 3 жыл бұрын
No Nigerian gives his inheritance to charity unless they are financially comfortable and at 8 yrs. I have always heard that he borrowed the money he used to start his cement business from his maternal grandfather and paid back the loan in record time. Most Nigerians kill and fight over inheritance.
@999oj
@999oj 2 жыл бұрын
Why will you kill for inheritance when ur father is rich. Only the middle class and poor do that.
@b.c.34
@b.c.34 2 жыл бұрын
And also he invested his father's wealth and didn't claim omo baba olowo neither did he spend his money on bitches and night clubs. I bet you if his father was poor Dangote would have also made it, he invests in anything commodity.
@inmythoughts718
@inmythoughts718 11 ай бұрын
IN NIGERIA, IT IS NOT POSSIBLE FOR MAN TO HAVE SO MUCH WEALTH WITHOUT MASSIVE MASSIVE CORRUPTION.. SORRY ITS FACTS
@okene
@okene 5 ай бұрын
​@@inmythoughts718you're right
@osarugueroselineobaseki2263
@osarugueroselineobaseki2263 4 жыл бұрын
Nice one
@amirshake9803
@amirshake9803 3 жыл бұрын
You can feel the lies in his words. Buying and selling cement lol
@jaronshalalproductsllc2622
@jaronshalalproductsllc2622 3 жыл бұрын
Great story 🤝👑
@osasosasco2615
@osasosasco2615 3 жыл бұрын
He inherited 100s of millions of dollars did not start from scratch 🙄with money you can bring smart people around you to build
@macusarusilus3497
@macusarusilus3497 4 жыл бұрын
is wealth came as having Buhari ,who gave him importing things to sell to the country alone making huge amount of money, other go for permit where refused, kind of dictorship.
@FaFa-fl1kh
@FaFa-fl1kh 3 жыл бұрын
What an unintelligent comment!
@daudmuhammad9883
@daudmuhammad9883 3 жыл бұрын
great job my brother
@consolateurabbadata4960
@consolateurabbadata4960 3 жыл бұрын
This is why you should put Rwanda on your Backetlist @t
@inegbenosewinner8080
@inegbenosewinner8080 3 жыл бұрын
Clicked just to say all he said was Cap
@nicholasjanke3476
@nicholasjanke3476 5 ай бұрын
He's a fascinating man.
@fatiakande1989
@fatiakande1989 21 күн бұрын
Believe him or not he Dangote i knew him around 1986/87 when he was building his kareemu ikotun site v.island he his a generous man and his God has been more generous to him & faithful this is the promise of God been fulfilled in his life.he his saying the truth
@stacybrenda157
@stacybrenda157 2 жыл бұрын
what is wrong with admitting you had an advantage, just say you wanted to build something that feels authentic to you but dont try and make it seem like you did not already have the advantage of having connections and loads of capital to start your business
@beverleysmith3629
@beverleysmith3629 2 жыл бұрын
He inherited the mindset, he had been exposed and nurtured into a business environment from an early age, he did not need the family money to start his business. If you know the baker ( banker), the candle stick maker ( dealers ) and others, you are good to go.
@ndubuisionwubalili6021
@ndubuisionwubalili6021 3 жыл бұрын
He was helped by the Nigeria government.
@sammesamme-nlar2829
@sammesamme-nlar2829 3 жыл бұрын
We all know how postwar Nigeria embarked on a federal reparation spending spree where artificial business oligarchs were created in the north and west excluding completely the easterners. The goal was to help non- eastern people catch up to the business levels of the easterners for fear that the easterners should never dominate the economic sector of the country. Even though it was done as such, the easterners due to their natural gifts for business have been able over the years to still bounce back in their way from scratch and all over the world where an easterner is found. That’s called Biafra power!!!
@sharronmannis3403
@sharronmannis3403 Жыл бұрын
Explain Biafra Power
@odemaj8605
@odemaj8605 3 жыл бұрын
Made from scratch? Am sure he meant to say, from the start of obasanjo ,tenure as president
@seeplush8309
@seeplush8309 4 жыл бұрын
What building is that. First time hearing about this guy.
@MohammedHassan-kl4no
@MohammedHassan-kl4no 3 жыл бұрын
Nice
@opolotfrancis9946
@opolotfrancis9946 5 ай бұрын
Some Africans believe that only children that suffer are the ones who become successful in future
@rahamabonferey363
@rahamabonferey363 2 жыл бұрын
Baban mu kenan, allah ya tsare ka. Allah ya karama dokaka
@devasiavp5876
@devasiavp5876 Жыл бұрын
Dangote is very good gentleman
@abuhurairajnr5279
@abuhurairajnr5279 3 жыл бұрын
Cool
@tatama5782
@tatama5782 3 жыл бұрын
17 million housing deficit you mean?
@devasiavp5876
@devasiavp5876 Жыл бұрын
Iam also working in Dangote Obajana cement
@MrBiyi
@MrBiyi 3 жыл бұрын
yy people like dangote is cause of exactly what he said gave away his inheritance looking out for others
@cheffireman6514
@cheffireman6514 2 жыл бұрын
Good
@Jaywaxx
@Jaywaxx 3 жыл бұрын
Biz Man 🇳🇬👍
@blackamericanlesbianprofes4357
@blackamericanlesbianprofes4357 4 жыл бұрын
There are many, many countries in the continent of Africa. So what country is the billionaire man from?
@MrOneWay5000
@MrOneWay5000 4 жыл бұрын
Nigeria
@Jaywaxx
@Jaywaxx 3 жыл бұрын
Nigeria 🇳🇬
@kiddiessecretecorner1msubs523
@kiddiessecretecorner1msubs523 3 жыл бұрын
Wealthiest African. From Nigeria
@rahamabonferey363
@rahamabonferey363 2 жыл бұрын
Baban mu may sare kukan mu, allah baka shekaru masu yawa mashu albarka. Ka jima ka taymokon Africa. Muna alfari da kay, allah ya gara ma kochin lafia. Baba Africa kenan
@juwonbabs3547
@juwonbabs3547 3 жыл бұрын
This mam can lia for 🌍.
@GeneralHensaleey
@GeneralHensaleey 3 жыл бұрын
Brilliant Smart
@user-ho9gg4xk7r
@user-ho9gg4xk7r 10 күн бұрын
Dangote can you please send a black Star liner to Haiti
@tosintosin5014
@tosintosin5014 Жыл бұрын
How much is Rice now
@OlaYankee.
@OlaYankee. 3 жыл бұрын
Dantata was printing money inside his room, ask the Nigerian government, that’s how money security was introduced. It was dirty money at the start turned genuine money by a man of vision.
@deepdude4719
@deepdude4719 3 жыл бұрын
Please tell us more.
@elizabethblack3863
@elizabethblack3863 3 жыл бұрын
Never mind these two.... look at that fabulous view!
@justrandomthings319
@justrandomthings319 3 жыл бұрын
That's New York.
@jbrobele
@jbrobele 3 жыл бұрын
Big boss🦍
@mthaxtv3637
@mthaxtv3637 3 жыл бұрын
He did not really start from zero
@robertlazarus6398
@robertlazarus6398 3 жыл бұрын
Dangote sounds a bit selfish when comes to share his history and ideas of prosperity.its not that clear
@joyandpeacefullaughter5307
@joyandpeacefullaughter5307 3 жыл бұрын
It can't be clear because he is a by-product of a corrupt system. He is also from one of the oldest aristocratic northern families, studied abraod, and got a good loan from his uncle.
@nathancallum9188
@nathancallum9188 3 жыл бұрын
That's because he has nothing to share. Fucking corrupt.
@justrandomthings319
@justrandomthings319 3 жыл бұрын
Because it is filled with corruption and lies.
@LeeChungTu7230
@LeeChungTu7230 5 ай бұрын
Politics assisted him too.
@game1414
@game1414 3 жыл бұрын
If he can buy Arsenal that would be great.
@inmythoughts718
@inmythoughts718 11 ай бұрын
IN NIGERIA, IT IS NOT POSSIBLE FOR MAN TO HAVE SO MUCH WEALTH WITHOUT MASSIVE MASSIVE CORRUPTION.. SORRY ITS FACTS
@doctorjallo
@doctorjallo 3 жыл бұрын
He surely never read Malcolm Gladwell then?
@ngalinzima447
@ngalinzima447 4 жыл бұрын
Most of the things being said by this guy is not true.
@darmillionaire
@darmillionaire 3 жыл бұрын
Tell us the truth.
@juliusgomes3452
@juliusgomes3452 3 жыл бұрын
I believe u his family sold their soul
@LadyAndanaZerva
@LadyAndanaZerva 3 жыл бұрын
@@juliusgomes3452 were you there ? You saw it or you are just making baseless remarks..
@dbest19330
@dbest19330 3 жыл бұрын
I agree. First he said he didn't inherit any money and he started his business without help from scratch....then later he says his father left him inheritance but he has given it away. 🤥🤔
@yaks6340
@yaks6340 3 жыл бұрын
@@dbest19330 so what doesn’t make sense there?
@amediaplustv
@amediaplustv Жыл бұрын
💯👌🏽
@devasiavp5876
@devasiavp5876 Жыл бұрын
Iam also ex employ in Dangote
@mwajumamuhasu3996
@mwajumamuhasu3996 3 жыл бұрын
I will be a bilionea one day
@sirjamesjemo3390
@sirjamesjemo3390 3 жыл бұрын
🙄🙄🙄 my father and his father and his father's father were all reach but I built everything from scratch😅😅😅 Donald Trump said the same thing.
@Speedstar779
@Speedstar779 3 жыл бұрын
Rich*
@notusual1456
@notusual1456 Жыл бұрын
This man sabi
@emmanuelamadi798
@emmanuelamadi798 3 жыл бұрын
I tap from the grace that made you wealthy.
@billionairelifestyle8622
@billionairelifestyle8622 2 жыл бұрын
I make money easily and effortlessly through multiple sources on a continuous basis,
@uefavlogs6261
@uefavlogs6261 3 жыл бұрын
He is Lying guys, he inherited his wealth from his father's Family.
@chimenumwobo5733
@chimenumwobo5733 3 жыл бұрын
Built from scratch? 🤣🤣
@virodict
@virodict 3 жыл бұрын
Tell me is it true or he is lying. Sometimes these guys are behind these politicians that have stolen money
@joyandpeacefullaughter5307
@joyandpeacefullaughter5307 3 жыл бұрын
@@virodict Yes, you are very correct. He is a beneficiary of successive corrupt governments who gave him a monopoly over cement production thus killing off other cement factories in the southern and eastern parts of the country. People like this man are demons in disguise. 🤮
@enterpreneur9738
@enterpreneur9738 3 жыл бұрын
Yeah right.
@collegecareerprepllc
@collegecareerprepllc 8 ай бұрын
Building it from scratch, okay, that's just not true. It takes money to make money.
@eb.e.1649
@eb.e.1649 3 жыл бұрын
Government subsidies
@TheTeddykimani
@TheTeddykimani 3 жыл бұрын
those are lies dangote bloodline have been wealthy for very many generations
@ahmadzakariyah6492
@ahmadzakariyah6492 3 жыл бұрын
This is the result of hardwork, dedication, good interpersonal skills and sincerity. Dangote cement remains the best and most reliable product in Nigeria and whole of Africa. A man that doesn't sleep at night, doesn't even have a wife or girlfriend, unlike our generation of Nigerians that sleep too much, imbibe a culture of laziness and dont value hardwork. Hardwork, skills and dedication pays off. I see a lot of haters here saying government supported him, so what? He brought in the initiative before the government mildly supported him. In an era of free markets and stiff competition, Dangote is a silver lining for Nigerians and Africa as a whole. We need to learn from him, that hardwork pays off, commitment and dedication pays off. Not serving as stooges, hooligans and thugs for Politicians. Political power had never brought a group out of poverty to affluence as Somwell said, rather it is economical power that does... Stop hating and get a live. Long live Dangote Long live Nigeria 🇳🇬🇳🇬🇳🇬🇳🇬❤️❤️❤️
@OKPEGWA
@OKPEGWA 3 жыл бұрын
🙄 😂🤣😂🤣
@kherianasser7770
@kherianasser7770 Жыл бұрын
No body can make in africa from scratch pls pls dont deceive us pls
@clementgavi7290
@clementgavi7290 2 жыл бұрын
Indeed. And let's thank God he hasn't crossed the road of those who in order to build theirs and for the sake of dictatorships they own destroy the little others have build from scratch. Otherwise he may not have been able to build a fortune. They will have make sur his life is ruined.
@user-dt2wx7xt1m
@user-dt2wx7xt1m 27 күн бұрын
Dangote kano lagos 84an tree Lamentations Calabar Lagos IBADAN Akure ONDO
@olusegunadeyeye9195
@olusegunadeyeye9195 3 жыл бұрын
This guy Sabi lie
@introvertedsociety5299
@introvertedsociety5299 2 жыл бұрын
Write something special about Africa
@Ken75ist
@Ken75ist 6 ай бұрын
This guy can lie man 😂
@gullydisciple
@gullydisciple 3 жыл бұрын
I dont like this interviewer
@alexanderonwe9712
@alexanderonwe9712 3 жыл бұрын
With govt bias
@BILLIONAIREGH
@BILLIONAIREGH 3 жыл бұрын
#realmoneybillionaire #billionmindset #BILLIONAIREGH
@princedavido
@princedavido 3 жыл бұрын
Scratch my ass!
@igwefrancis9546
@igwefrancis9546 3 жыл бұрын
Lies!🤣🤣🤣
@odionugbiyobo2316
@odionugbiyobo2316 3 жыл бұрын
Hmmmm
@amirshake9803
@amirshake9803 3 жыл бұрын
Lol
@gemelljunior453
@gemelljunior453 3 жыл бұрын
No he didn't
@fatiakande1989
@fatiakande1989 21 күн бұрын
Allahu Akbar kabira
@toluscottjoshua9194
@toluscottjoshua9194 3 жыл бұрын
All nah scam
@davedon260
@davedon260 5 ай бұрын
Poo poo platter of lies 😂😂😂😂
@abdifatahfarahhamud6426
@abdifatahfarahhamud6426 3 жыл бұрын
Hea is a joker
@lobsterstrange
@lobsterstrange 3 жыл бұрын
Fucking lies🤣
@uefavlogs6261
@uefavlogs6261 3 жыл бұрын
Damn! The Cringe on that interviewer.
@ogilloc
@ogilloc 3 жыл бұрын
Bullshit!
@khanyisandzelani2148
@khanyisandzelani2148 4 жыл бұрын
Wealthiest man in Africa..but hardly contributes to the growth of Africa.
@charlest2858
@charlest2858 3 жыл бұрын
Do you live in Africa?
@khanyisandzelani2148
@khanyisandzelani2148 3 жыл бұрын
Born and raised.
@tanyaradzwatanakiswamuskwe4761
@tanyaradzwatanakiswamuskwe4761 3 жыл бұрын
Make your own wealth and contribute yourself. Clearly you have ideas.
@khanyisandzelani2148
@khanyisandzelani2148 3 жыл бұрын
Who said I dont have wealth? 🤔🤔
@juliusgomes3452
@juliusgomes3452 3 жыл бұрын
I believe you
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