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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.

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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.

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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.

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.

[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 surpasses Bill Gates’ wealth, now worth $128 billion

Elon Musk has just hit a new apex by surpassing Bill Gates to become the world’s second-richest person.

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Elon Musk surpasses Bill Gates' wealth, now worth $128 billion

The founder of the most sought automaker company Elon Musk has just hit a new apex by surpassing Microsoft, founder, Bill Gates to become the world’s second-richest person.

Data retrieved from the Bloomberg billionaire index shows the 49-year-old whiz entrepreneur net worth is now pegged at $128 billion, driven by yet another surge in Tesla’s share price.

Musk has gained $100.3 billion to his net worth just in 2020, the most by anyone in the Bloomberg Billionaires Index – a ranking of the world’s 500 richest people.

What you must know: Musk is the CEO of Tesla, a maker of electric vehicles. The California-based company sells electric vehicles. He’s also CEO of Space Exploration Technologies, a rocket manufacturer tapped by NASA to resupply the space station

His wealth gain is largely attributed to Tesla, the electric car automaker, which has gained 500% in 2020 and has become by far the world’s most valuable automaker in the world, despite it producing far less than Volkswagen, Toyota, or General Motors.

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About a fifth of the car company’s shares is owned by its Chief Executive, Elon Musk, and other insiders.

Recall Nairametrics, some months ago highlighted major reasons why Nairametrics believed the stock was a strong buy and could surpass the present most valuable listed technology company.

  • Tesla was founded in 2003 by a group of engineers who wanted to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker, and more fun to drive than gasoline cars.
  • Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.
  • Tesla remains the only major carmaker to have a huge physical presence in the world’s second-largest economy. With the electric-car maker’s launch of a new factory in China in 2019 and, the beginning of its Model Y models earlier this year, investors may want to continue holding.

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Billionaire Watch

Billionaires that can triple the value of Bitcoin

Michael Saylor has disclosed billionaires who could turn the price of Bitcoin up, at least three folds.

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Billionaires that can triple the value of Bitcoin

The Founder and Chief Executive officer of the popularly traded business intelligence firm, Michael Saylor, recently disclosed billionaires, who could turn the price of Bitcoin up at least three folds. His bias was based on the aurora these billionaires bring notably in the global financial world.

In his most recent Youtube interview, he started his narrative by explaining deeply the effect such billionaires would have on the flagship crypto market,

READ: Germany’s biggest bank says more people now prefer Bitcoin over gold

“It’s important that 100 million people embrace Bitcoin but there are 10 people that can triple the price of Bitcoin. This is not like Facebook, nobody ever brought a billion friends to Facebook. This is like when a person with $10 billion decides that they want to adopt this network and they put $2 or $3 billion on the network, that’s going to be more monetary energy that flowed into the network than the first 10 million people put into the network. It’s ten million to one gain.”

He went on by revealing the names of such billionaires, amid their stronghold seen on global finance.

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READ: Most profitable asset in a decade, Bitcoin up over 26,600,000%

“Here’s the other thing. When a person with $10 billion puts $10 billion on the network, they’ve got a friend with $10 billion. Warren Buffett (Berkshire Hathaway CEO) plays bridge with Bill Gates (Microsoft founder) and then they talk with Mark Zuckerberg (Facebook CEO and founder).

“So when this hits that social network, it’s like a billion to two billion to four billion to eight billion and those four decisions, those four blocks have more impact on the network than the first 10 million blocks.”

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READ: Crypto; Tron’s founder offers $1 million bounty in finding BTC Twitter hackers

What you should know

Sequel to these macro, Nairametrics some days ago revealed key insights coming from DeVere Group discovering that 73% of poll participants (millionaires) are now already invested or are preparing to invest in digital assets, such as Ethereum, Bitcoin, and XRP, before the end of 2022, showing a significant amount of interest by the world’s top earners.

READ: Apple market capitalization nears $2 trillion, as Apple’s CEO becomes a billionaire

  • The findings come as the price of Bitcoin rallied close to $18,000, almost close to the $19,763 all-time record reached in December 2017.
  • Most of the high net worth individuals polled by the financial firm got triggered into planning to buy cryptos by the latest institutional buying.
  • Those classified as millionaires in the study include ‘High Net Worth’ having more than £1m (or equivalent) in investable assets.

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Billionaire Watch

Many millionaires plan to buy Crypto before 2022

DeVere Group, a financial consulting firm discovered that 73% of poll participants are now already invested or are preparing to invest in digital assets.

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IMF calls crypto "special currency" and educates the public, Crypto: Why investors are rushing to DeFi assets, total market capitalization of cryptocurrencies, Crypto, Whales move 100,000,000 Tether, USDT in less than 24 hours

As Bitcoin hits the flagship crypto trade slightly below $18,000, a significant number of millionaires have disclosed they will invest in cryptos before the end of 2022.

DeVere Group, one of the world’s most notable independent financial advisory firms, discovered that 73% of poll participants are now already invested or are preparing to invest in digital assets, such as Ethereum, Bitcoin, and XRP, before the end of 2022.

READ: Dangote Group’s $2 billion fertilizer plant to start operations in December 2020

  • The findings come as the price of Bitcoin rallied close to $18,000, almost close to the $19,763 all-time record reached in December 2017.
  • The methodology for such research used include, interviewing over 700 of its clients who are presently based in Asia, Africa, the Middle East, United States, United Kingdom, East Asia, Latin America, Australasia.
  • Those classified as millionaires in the study include ‘High net worth’ having more than £1m (or equivalent) in investable assets.

READ: Afreximbank posts $217m net income in 9M 2020

What this means

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DeVere Group CEO and founder, Nigel Green, explained why the world’s millionaires are attracted to financial assets as cryptos.

READ: Jeff Bezos becomes first person to cross $200 billion net worth, as Zuckerberg crosses $100 billion

“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past,” he said.

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Most of the high net worth individuals polled by the financial firm got triggered into planning to buy cryptos by the latest institutional buying.

READ: Bitcoin on high demand, hits 2-year high, trading $17,000

“No doubt that many of these HNWs, who were polled, have seen that a major driver of the price surge is the growing interest being expressed by institutional investors, who are capitalizing on the high returns that the digital asset class is currently offering,” Green added.

Explore Data on the Nairametrics Research Website

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