Aliko Dangote, African’s richest man according to Forbs has revealed how to become rich by suggesting he dislikes luxury things because they tend to be a distraction.
He said luxury is not his likings because they are a distraction. According to him, he is fixated at his goals of growing his business empire and has little time on his hand and therefore does not need any distractions that such luxury stuff comes with.
Speaking at the 2019 edition of the Mo Ibrahim Forum averred that he isn’t in any form of Luxury and suggested that till date he lives in his family house outside Nigeria and that most of his workers buy houses in London and other European countries.
He added: “I don’t have any holiday home anywhere. I don’t have a house anywhere but I know people who are working for me…they have houses in London.”
As an entrepreneur, Mr Dangote advised the youth and young entrepreneurs who are into entrepreneurship, not to spend based on immediate incomes from their businesses, since the constant flow of profit is not guaranteed.
“Once you start doing business [and] it starts doing well, but rather than for you to invest more in the business, you start spending thinking that profit will continue to come’’ he averred.