Any Update On Dangote’s New York Diversification Playbook

Any Update On Dangote’s New York Diversification Playbook

Money managers and capital market operators, do you have any new (public) information on this. Recall that Aliko Dangote plans to geographically diversify his family wealth. He famously said  last year, “In Africa, you know we have issues of devaluation, so we want to really ‘preserve’ some of the family’s wealth.” But with Covid-19, is this playbook still on track?

Please if you have anything from Dangote companies’ financial statements that can provide insights on this, please help. I am working on a course for Tekedia Institute Mini-MBA on wealth preservation in Africa, with our experts, and want to understand what the big guys are doing.

Yes, poor Dangote!. He is failing the big money race, dropping from 23rd to 100th in five years. (Gracious heavens, can you give me the opportunity to even compete in such exams? Coming 1,000th in a class of 100 people would be glorious!). Yes, our money man, Azeez explains what is happening in the wealth of King Dangote, examining the Nigerian capital market, and why Dangote would open that New York office because he said it all: “In Africa, you know we have issues of devaluation, so we want to really ‘preserve’ some of the family’s wealth.”

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