Billionaire Watch
Nigerian billionaire Dangote shows off dancing skills
A video of Aliko Dangote dancing is currently trending on the social media space.
It’s not every day you get to see a billionaire show off his or her dancing skill as most of them do not publicise what goes on in their personal lives. This makes it quite impossible to know their traits, skills and hobbies outside their businesses.
A video of Aliko Dangote is currently making the rounds on the social media space and it is arguable that you probably wouldn’t have known that the African richest man is a skilful dancer.
[READ MORE: This is what Dangote wants to emulate from Bill Gates]
In the video which has since gone viral on the internet, Dangote was caught on tape showing his dancing moves with Teni while she was performing at an event in New York.
The billionaire and Chairman of Dangote Group, a Nigerian conglomerate, alongside his daughter, Fatima Dangote, thrilled co-guests at the event.
Reactions: The video attracted wild reactions from Nigerians and admirers of the billionaire, as many expressed that it was a joy to see the billionaire dance. For some people, it could not have been more thrilling as Dangote was dancing to a song that has his name dropped on it..
Other social media users even expressed how ironic it is for Dangote’s daughter to be dancing to the song, which lyrics read – “Cause my papa no be Dangote or Adeleke but we go dey ok yea yea.”
See whose daughter is dancing to 'my Papa no be Dangote' the irony 😅😅🔥 pic.twitter.com/qZyezp02mT
— Ondo First Born® (@OndoFirstBorn) September 27, 2019
rich man dey dance no be by force … I don learn , no shanku no gbe body 🤔
— A.A.Chris 🇳🇬 (@Boy_From_West) September 27, 2019
This is the real money move.
— Banjoko Alaba (@Alabanks) September 27, 2019
Billion Dollar kinda dance!
— Samuel Jegede (@samueljegede_) September 27, 2019
What you should know: The video has probably been able to generate the wild reaction as a result of the storyline attached to it. In the song’s hook, Teni used the billionaire’s name to express how she doesn’t need all the wealth in the world to be happy in a relationship.
[READ ALSO: Dangote, Promasidor, 13 other companies denied exemption from income tax]
With recent activities Dangote was involved in, it is indisputable to mention that the billionaire is a fun-filled person. Just some days ago, Femi Otedola and some of his billionaire friends, including Dangote, were hanging out and eating ice cream. It’s not just any kind of ice cream, by the way, it’s the Gelato kind of ice cream many have long been craving for.
Billionaire Watch
Dangote’s net worth declines by $1.2 billion in February
Africa’s richest man, Aliko Dangote lost $1.2 billion of his estimated net worth.
Aliko Dangote, the founder of Africa’s most diversified manufacturing conglomerate, Dangote Industries, has seen his net worth decline by a whopping $1.20 billion in the month of February alone.
Africa’s richest man whose wealth peaked at $18.4 billion this year, saw his wealth declined by $1.20 billion, to $16.6 billion from $17.8 billion recorded on the 31st of January 2021, data retrieved from Bloomberg Billionaire Index reveals.
Source: Bloomberg Billionaire Index
The fall in Dangote’s net worth is partly attributable to the decline in the share price of his flagship company, Dangote Cement Plc (DCP), as well as the share price of his integrated sugar business, Dangote Sugar Refinery Plc (DSR).
The decline in the share price of these companies which impacted their market capitalization was occasioned by profit-taking activities by investors in February, across the market spectrum.
Facts about Dangote’s networth valuation
The majority of Dangote’s fortune is derived from his 86% stake in the publicly-traded Dangote Cement, as the billionaire holds the shares of the company directly and through his conglomerate, Dangote Industries.
He holds stakes in Nascon Allied Industries and United Bank for Africa, directly and through Dangote Industries, a conglomerate that also owns closely held businesses operating in food manufacturing, fertilizer, oil and other industries.
Dangote’s most valuable closely held asset is his fertilizer plant with a capacity to produce up to 2.8MT of urea annually. The $2.5 billion fertilizer plant owned by Africa’s richest man Aliko Dangote, is expected to commence operation in the first quarter of 2021.
The billionaire also owns a $12 billion oil refinery which is expected to be completed this year. However, the plant is not included in his net worth valuation, for some reason.
What you should know
- The shares of Dangote Cement at the close trading activities for the month of February declined by 6.78%, extending the YTD loss on the shares of the cement behemoth to over 10%.
- On the flip side, shares of Dangote Sugar Refinery also declined by 15.29% to close the month lower at N18 per share, thus correcting the YTD gains of its shares to 2.27%.
Billionaire Watch
Battle of Titans: Elon Musk, Jeff Bezos share world’s richest title
Stiff competition prevails as both Jeff Bezos and Elon Musk share the world’s richest title.
The battle for the worlds richest has suddenly become so intense that both Elon Musk and Jeff Bezos both share the world’s richest man title on the account they both have a net worth of $184 billion.
Bezos, the man behind the world’s most valuable retail company, Amazon, has steadily been seeing his wealth valuation appreciate amid high market volatility currently prevailing at global financial markets.
The 49-year-old self-made billionaire, Elon Musk is sharing, the world’s richest when recent data revealed Tesla recorded impressive gains of about $9.75 at the end of Monday’s trading session.
Investors are currently increasing their buying pressure on Tesla as they weigh reports that the electric vehicle industry is expected to grow into a $5 trillion market over the next decade, thereby giving the world’s most valuable car company room for more upside.
READ: China’s richest man worth $94.1 billion earned a fortune from selling bottled water
It’s important to note that both mega billionaires have in recent times focused their considerable brainpower on space technology as Bezos recently accelerated his space-travel efforts through his firm popularly known as Blue Origin.
Recent reports suggest SpaceX founded by Musk raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.
Such investment now puts SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.
Bezos who is now the Chairman of the $1.58 trillion valued company, Amazon has about $9.63 billion cash in the bank.
READ: Apple’s market value cross $ 2 trillion
The online retail giant returns have under his tenure as the chief executive officer of the e-commerce giant actually ranked second among all S&P stocks since the IPO in May 1997.
The 57-year-old billionaire is the founder of Amazon, the world’s biggest online retailer company on earth. The American-based company sells books, household goods, and other retail products through its flagship platform.
His company also controls the Whole Foods grocery chain and offers video streaming services and remains the biggest cloud computing provider worldwide.
READ: Billionaires worth over $100 billion made $270 billion in 2020
That being said, both Elon Musk and Jeff Bezos’s wealth valuation would currently buy 107 million troy ounces of gold or 2.91 billion barrels of crude oil.
Farrow
November 29, 2019 at 2:20 pm
I’ve been hunting for a post such as this for quite a very long time.