6 ways Africa’s Richest man , Aliko Dangote spends his Fortune
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6 ways Africa’s Richest man , Aliko Dangote spends his Fortune

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AFRICA'S RICHEST MAN
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Africa’s richest man, Alhaji Aliko Dangote spent billions made from interests in commodities and other investments across Africa on humanitarian activities, family and essential lifestyles.

As at March 2018, he had an estimated net worth of $14.1 billion and the richest man in Africa for the seventh year in a row, according to Forbes magazine.

Business Insider Sub-Saharan delves into various ways the richest black man spend his billions:

1. Philanthropy

Through the Aliko Dangote Foundation (DF), he has helped to combat malnutrition and disease in children.

“I am going to try my best and give part of that money to charity. I am working hard on it… I think from this year, I personally want to take it (philanthropy) very seriously..,” Dangote said in 2014.

In 2018, his vision changed from taking humanitarian work serious to become the biggest philanthropist in Nigeria and Africa as a whole.

“I do not only want to be known as Africa’s richest man but the biggest philanthropist. I will continue to use my resources and my voice to help shape a better Nigeria, and Africa as a whole,” the businessman said when he flagged off one-off and unconditional micro-grants programme in Niger State, last month.

At the event, the Aliko Dangote Foundation announced that it has disbursed a total of N2.5 billion to 256,500 women across Kano, Lagos, Jigawa, Kogi, Adamawa, Borno and Yobe states.

2. Investment

The businessman spends his money investing in Africa soil and around the world. He owns the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertiliser.

He also spends on investments in real estate, banking, transport, textiles, oil, and gas. His company employs more than 11,000 people and is the largest industrial conglomerate in West Africa.

Dangote has diversified into telecommunications and has started building 14,000 kilometres of fibre optic cables to supply the whole of Nigeria.

“Let me tell you this and I want to really emphasise it, nothing is going to help Nigeria like Nigerians bringing back their money. If you give me US$5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work,” one of Dangote’s popular quotes read.

Dangote is also eyeing the English football team Arsenal.

3. Political lobbying

The only public political spending made by Kano State-born businessman, Alhaji Aliko Dangote was in 1999 during the PDP Presidential Fundraising Dinner held at the Nicon-Noga Hilton Hotel, Abuja, for the election of Chief Olusegun Obasanjo.

According to PM News, Dangote made the highest donation of N120 million while Alhaji Isyaku Rabiu, Bukola Saraki also contributed.

4. Continental investment

He has investments in Benin, Tanizania, Cameroon, Ghana, South Africa, Ethiopia and Zambia.

In 2017, he said he is investing $20bn and $50bn in the United States and Europe by 2025 in renewable energy and petrochemicals by partnering with companies in US, Europe and if possible Asia and Mexico.

5. Luxury items

Apart from businesses and investments across Africa, the richest man also use his money on some luxury items.

According to All Africa, Dangote acquired a private jet in 2010 which costs estimated to cost $45 million and has a $43-million yacht.

6. Family

On Saturday, March 24, 2018, Dangote held a lavish wedding reception for his beautiful daughter, Fatimah and her husband, Jamil Abubakar.

The wedding reception held inside the Conference Centre of the Eko Hotel and Suites.

His daughter wedding was the talk of the town in March and have in attendance of one of the world’s billionaires, Bill Gates.

culled from Business Insider/Pulse

 

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How North Korean Leader Kim Jung Un Got His Mercedes-Maybach S600 Pullman Guard

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Researchers at the Center for Advanced Defense Studies ( CADS ) decided to undertake a research to ascertain how North Korean Leader Kim Jung Un purchased his Mercedes-Maybach S600 Pullman Guard with heavy sanctions and embargoes from the US and the European Union from North Korea purchasing luxury goods, but trust the cunning Kim Jung Un to take advantage of smuggling routes to always get whatever his heart so desires..

Even Daimler, the parent company that manufactures Mercedes vehicles, stated categorically when asked, that they had no freaking idea where and how the the North Korean Leader Kim Jung Un purchased  his Mercedes-Maybach S600 Pullman Guard and that had no business connections with North Korea for the past 15 years now and company strictly complies with EU and US embargoes handed down to North Korea.

So how did the Mercedes-Maybach S600 Pullman Guard get into North Korea?

The researchers at the Center for Advanced Defense Studies ( CADS ) said: they traced two luxury vehicles’ path from Rotterdam, Netherlands, through four countries to the streets of Pyongyang, North Korea. Two Mercedes-Maybach S600 Pullman Guard vehicles, each worth about $500,000, left Rotterdam on June 14, 2018. From there, they travelled by ship to Dalian, in northern China,  The vehicles then sat in shipping containers in Dalian from July 31, 2018, to August 26, when they departed for Osaka, Japan, on their way to Busan, South Korea;  From South Korea, the containers sailed to Nakhodka, Russia, aboard the DN5505, a ship owned by the Do Young shipping company, which is registered in Marshall Islands.

The ship’s shipping tracker went dark for 18 days after it left Busan — typical behavior for a ship trying to evade sanctions, luxury goods goods headed to North Korea often travel through the Russian Far East making use of the porous smuggling routes along those waterways..

SpyShots of 2021Mercedes Benz S Class Undergoing Testing

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2020 Land Rover Range Rover Sentinel – Security Beneath the Surface

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Land Rover Special Vehicle Operations has revealed the Sentinel, an armoured Range Rover that sports the very latest in occupant protection. Set to be showcased at the Home Office Security and Policing show from 5-7 March 2019, at Farnborough International Exhibition and Conference Centre, the Sentinel will be seen in a design that complies with full ballistic and blast certification.

2020 Range Rover Sentinel is built at the SV Technical Center in Warwickshire. It boasts of world class safety and comfort and its cell is built to stringent whole vehicle standards. The body provides protection from all forms of modern and unconventional forms of attack. It also commands outstanding comfort features and highest level of performance. The exteriors are seen with LED lighting while interiors are offered with an optional Black Pack. The chassis, suspension and braking system have been upgraded while wheels are fitted with run flat tyres that can keep the car speeding upto 50 mph (80 kms) for over a distance of 30 miles (48 kms) even when tyres are completely deflated. Other features include an anti tamper exhaust, self sealing fuel tank and auxiliary back up battery.

Its interiors are seen with the latest Touch Pro Duo infotainment system with twin 25.3cm high resolution touch screens. Cabin space is at a premium with ample head room, luxurious seating and state of the art cabin comforts.

New Range Rover Sentinel is powered by a 5.0 liter supercharged V8 petrol engine allowing for the best in performance over all sorts of terrains. Despite being fitted with a 1 tonne armour plate and glass, acceleration from 0 to 100 kmph is achieved in 10.4 seconds while top speed is at 193 kmph. Other details have been kept a secret, to protect the owners.

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Princess Diana’s Armored 1987 Rolls-royce Silver Spur Sold For $45,250

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The Royal Palace has finally decided to sell the 1987 Rolls Royce Silver of which late Princess Diana official car.

The Silver Spur was ordered by the U.K. Foreign Office for exclusive use at its Embassy in Washington, D.C. While it is impressive on its own, the car’s real claim to fame is its association with the late Diana, Princess of Wales. Used by the princess on her official 1990 visit to the United States, the car was featured in numerous photographs including her appearance at the Royal Gala Evening to benefit the London City Ballet in Washington, D.C., and a visit to Grandma’s House, a Washington, D.C., home for HIV-positive children, on October 4 and 5 respectively. Still married to Prince Charles at the time, she appeared in her then official royal capacity as Her Royal Highness, the Princess of Wales.

A long-wheelbase variant of the Silver Spirit, this Silver Spur was armored by coachbuilder specialist MacNeillie & Son of Walsall, England, before being shipped to the United States. Reinforcements include carbon-steel and Kevlar plates, extra door and hinge reinforcement, and polycarbonate windows in place of the original glass units. (The tinting on the rear windows appears to be crumbling and will need to be removed in the future.) The car also includes a sunroof, presumably to facilitate the brandishing of a Walther PPK by a member of Her Majesty’s Secret Service should any sort of trouble or attacks arise.

Currently showing 61,000 miles, the car was ordered with Motorola car phones—one in the front passenger-side left armrest and the other in the rear center armrest—cutting-edge stuff for 1987. One of the neatest features is the two-way intercom system with a handheld microphone located in the glovebox compartment.

As for the less regal features, the Silver Spur features a factory fuel-injected 6.8-liter V-8 mated to a GM Turbo 400 three-speed automatic transmission. The seller does note light seepage at the main seal as well as around the valve covers but states that the vehicle does not use oil in between changes as measurement of how slight the discharge is. Recent repairs include the speedometer and fuel gauge; the compressor for the air conditioning was rebuilt in 2008. Crucially, the self-leveling suspension has also been maintained; service records dating from 2007 and Carfax will accompany the sale.

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