Aliko Dangote founder of the Dangote Group covered earlier makes the Forbes List:Nigeria's first billionaire hit the jackpot when his sugar-production company listed on the Nigerian stock exchange last year. Meanwhile, proposed initial public offerings of his flour and cement companies have stalled. Began career as trader at 21 with loan from his uncle; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, haulage and oil and gas.
One wonders, is the number of Billionaires on the list reflective of countries/regions entrepreneurial ability and or their attitude to wealth creation?
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2 comments:
Dangote flour is now listed on the NSE, ;)
You have to wonder if Dangote's appearance on the Forbes list is going to encourage more IPOs on the Nigerian Stock Exchange. It'll be interesting in a year or two to look back at the trend in IPOs and see the impact (if any).
Robbie
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