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Billionaire Watch

5 habits of Nigeria’s business billionaires you should emulate

Billionaires inspire us to be great just as they are. However, they didn’t achieve success by mere luck. Find out the habits that have helped them to.

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Nigerian billionaires, Nigerian billionaires and what happened to them in 2019, How billionaires performed on the NSE in 2019; who gained and who lost? 

Billionaires inspire us to be great just as they are. However, they didn’t achieve success by mere luck. Instead, they got there by developing good habits which are powerful tools that can be used to reach certain goals in areas like health, fitness, money, relationships etc.

Inculcating the habits below will not guarantee you become a billionaire; however it will help you become more productive and successful in your life endeavours.

Below are some billionaire habits we can all develop:

1. They Wake up Early and Exercise

Nigerian billionaires make the best use of time by waking up early, thereby creating time for other priorities. Exercising is also part of the morning routine because that is when testosterone levels are high. It has other benefits such as strengthening the heart, and playing a major role in increased energy, positivity, and stress management.

Research shows that exercising early in the morning will help boost memory, concentration and mental sharpness – which are traits that can have a big influence on career and success.

Femi Otedola, in an interview with one of the national newspapers, said he wakes up around 6:30am every morning and heads to the gym for 1 hour.

[Read Also: These billionaires are set to cash out as banks pay interim 2019 dividends ]

Aliko Dangote wakes up before 5:30am and goes on a 10 kilometer run.

2. They Network/Politick/Follow Up

Nigerian billionaires know how to network. This gives them the opportunities to have exclusive rights to many things that are not offered to ordinary individuals; Speaking engagements, trips, best of meals, private and public events, and most importantly the ability to push their ideas forward by meeting the right people.

The truth is they are also good at politicking because they know that political leaders make policies that will affect their businesses. So, they get involved.

A brief look at some billionaires perspectives on networking

Jim Ovia: Place more value in who you know than what you have. The entrepreneur sees a potential ally in everyone. Establish your network 1 person at a time by being reliable and patient. Pave the way instead of burning bridges.

Tony Elumelu on his advice to youths on what worked for him said “Never take others for granted. Nurture your relationships. In the same way, as you start out in your career, build your relationships, seek to learn, don’t be afraid to understudy the experts, reach out to potential mentors and learn from them.”

[Read Also: These billionaires lose N5.7bn as Seplat’s share price declines by 10%]

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3. They are Learners

Nigerian billionaires read a lot. They just don’t read for entertainment, they study trends, concepts and apply what they have learnt to become successful.

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To show how much of a reader he is, Tony Elumelu, on World Book Day, recommended 5 books that have had a huge impact on his life.
They include –

  • Outliers by Malcom Gladwell,
  • The Creation of Wealth: The Tatas from 19th to 21st Century by R.M. Lala,
  • Think Big by Ben Carson,
  • Kane & Abel by Jeffrey Archer, and
  • Shall We Tell The President by Jeffrey Archer

What they watch also matters. Aliko Dangote spends his time watching a lot of business channels such as Bloomberg TV. Doing this gives him insightful information into global business.

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4. They Diversify

Nigerian billionaires are experts at diversifying major things in their life. They diversify their sources of income/products, they diversify the countries they invest in, and they diversify the people they surround themselves with.

Mike Adenuga has investments in Oil, Telecoms, Real Estate, and Banking sectors.

Femi Otedola has investments in Oil, Shipping, Real Estate, amongst other sectors.

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[Read Also: Billionaires Watch: Sayyu Dantata of MRS Oil flies his expensive helicopter to work]

5. They surround themselves with Smart People

There is a saying “you are the average of the 5 people you spend most of your time with”. Nigerian billionaires surround themselves with the smartest people ranging from strategists, advisers, accountants, and fellow billionaires who they continually brainstorm with on ideas to keep expanding their frontiers.

Aliko Dangote once hosted his friends – Femi Otedola, Tunde Ayeni, Donald Duke, Segun Awolowo and Niyi Adebayo on his yacht to celebrate the Salah holidays.

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Billionaire Watch

Elon Musk takes back world’s richest man title after gaining $10 billion in a day

Elon Musk bounced back strongly to become the world’s richest man amid a daily gain of $9.81 billion.

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49-year-old self-made billionaire, Elon Musk bounced back strongly to become the world’s richest man amid a daily gain of $9.81 billion.

Tesla chief’s wealth surged back to $190 billion, as the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at $712 billion coupled with the SpaceX he founded completing another funding round, pushing him atop the Bloomberg Billionaires Index for the third time in 2021.

Such record gains pushed Musk past Amazon founder, Jeff Bezos, who is now worth $185 billion and had a few days ago reclaimed the title as the world’s richest person after Tesla shares plunged to record levels.

READ: Aliko Dangote’s net worth falls by $840 million

Tesla Inc stocks were on a record buying spree at Wednesday’s trading session, indicating that global investors are buying the dip following a four-day plunge that erased the world’s most valuable car company year-to-date gains.

That being said, MicroStrategy CEO, Michael Saylor, has revealed that SpaceX, a company founded by Elon Musk, is exploring the merits of buying Bitcoin.

READ: World richest man, Jeff Bezos holds 5% of his wealth in cash

Saylor revealed that top representatives from SpaceX were among 7,000 companies represented at MicroStrategy’s recent Bitcoin seminar, which the leading business intelligence company organized to aid companies interested in buying Bitcoin as a treasury asset.

  • Recent reports suggest SpaceX 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.
  • A November 15, 2016 filing with the Federal Communications Commission revealed that the tech billionaire owned 54% of SpaceX.

READ: Tesla loses $200 billion in market value following Bitcoin investment

Elon Musk’s current net worth of $190 billion can currently buy 106 million troy ounces of gold or 2.82 billion barrels of crude oil.

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Billionaire Watch

Elon Musk’s SpaceX is exploring the merits of buying Bitcoin

SpaceX, a company founded by Elon Musk is exploring the merits of buying Bitcoin, according to MicroStrategy CEO, Michael Saylor.

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Elon Musk needs $20 billion wealth gain to clinch world's richest man title

MicroStrategy CEO, Michael Saylor, has revealed that SpaceX, a company founded by Elon Musk, is exploring the merits of buying Bitcoin.

Saylor revealed that top representatives from SpaceX were among 7,000 companies represented at MicroStrategy’s recent Bitcoin seminar, which the leading business intelligence company organized to aid companies interested in buying Bitcoin as a treasury asset.

READ: Bitcoin bounces back after losing $13,000 in a space of 2 days

“We had people from SpaceX there. We had people [from] some of Elon Musk’s companies. We had people from Marathon there.

“The ones you would expect were there, but of course, there’s an avalanche of private companies, and there were a decent number of public companies and treasurers and CFOs that were lurking.

“Some don’t want to have their names mentioned, as you can imagine, because it’s a sensitive topic,” Saylor said.

READ: Panic in crypto market as over $140 billion got wiped off

However, a significant number of traditional finance experts are not buying into the flagship crypto bullish run, as they see little value in the digital currency on the account that they believe Bitcoin, and other leading cryptos are just part of a larger speculative bubble.

Recent reports suggest SpaceX 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.
  • A November 15, 2016 filing with the Federal Communications Commission revealed that the tech billionaire owned 54% of SpaceX.

READ: Tesla loses $200 billion in market value following Bitcoin investment

Micheal Saylor has always been a strong fan of the world’s most popular crypto asset and he thus shares the bias that companies can use Bitcoin to hedge against future fiat inflation and allow them to plug into a revolutionary and superior monetary network.

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