@businessinsiderssa: Aliko Dangote Says Some of His Employees Own London Homes While He Doesn't Africa’s richest man, Aliko Dangote, once explained why he chose not to spend heavily on luxury properties, saying some of the people working for him owned houses in London while he had none abroad. Speaking to billionaire Mo Ibrahim at the Ibrahim Governance Weekend in Abidjan, Côte d’Ivoire, several years ago, Dangote used the example to illustrate his approach to wealth and business discipline. He cautioned young African entrepreneurs against spending projected income before it materialises, urging them to reinvest profits into their businesses rather than rush into luxury purchases. Dangote also warned that businesses experience ups and downs, stressing that expensive lifestyles can take away both the money and time needed to build sustainable businesses. This video is credited to @afri_caunfiltered

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Wednesday 11 November 2026 16:32:38 GMT