Knowledge | Posted by Aye Myat Thu
While many wealthy individuals invest in assets and properties for reasons such as diversification, luxury, status, or residential use, Nigerian industrialist Aliko Dangote, the richest person in Africa, takes a different approach. With a net worth of $13.4 billion mid 2024, Dangote is the founder of Dangote Cement, the largest cement producer in sub-Saharan Africa, in which he holds an 85 per cent stake. He also founded Dangote Fertilizer and Refinery, the world's largest single-train refinery. During a recent event in Nigeria, Dangote revealed that despite his immense wealth, he does not own any residential property outside Nigeria. His only homes are in Lagos and Kano, with a rented...
Foreign Property News | Posted by Hnin Ei Khin
The discovery of a ship, missing for five centuries, in a southwest African desert, filled with gold coins, is one of the most thrilling archaeological finds in recent times. The Bom Jesus (The Good Jesus) was a Portuguese vessel that set sail from Lisbon, Portugal on Friday, March 7, 1533. Its fate was unknown until 2008 when its remains were discovered in the desert of Namibia during diamond mining operations near the coast of the African nation. When it sank in a fierce storm, it was on its way to India laden with treasures like gold and copper ingots. Two thousand pure gold coins and tens of thousands of pounds of copper ingots were discovered on the Bom Jesus, almost all...
Knowledge | Posted by Shwe Zin Win
According to Forbes, there are now 2,781 billionaires living on Earth, and one of them is Japan's youngest billionaire, Shunsaku Sagami. Here's everything you need to know about Japan's future of business. According to Forbes, at only 33 years old, Sagami has an impressive net worth of $1.9 billion. He has made his money off artificial intelligence. TIME reported that in 2018, Sagami sold a startup and used that money to start the M&A Research Institute. This mergers-and-acquisitions advisory firm uses AI to connect older owners and CEOs of small to medium businesses with potential successors. Sagami created this business as a response to a problem he faced. During an interview in...
Foreign Property News | Posted by Si Thu Aung
Portuguese soccer icon Cristiano Ronaldo is constructing a mansion near Lisbon that might soon steal the crown for Portugal’s most expensive residence. New details have emerged regarding the sprawling spread that Ronaldo — who rakes in $216 million annually with the Saudi Arabian team Al-Nassr — has commissioned to be built in the popular beach town of Cascais. The property, which is set to be located in the oceanside Quinta da Marinha area, will span nearly 10,000 square feet along the Atlantic coastline and be bursting with opulent amenities. So many that may make it, once completed, potentially the nation’s priciest pad, according to Idealista, noting that the...
Knowledge | Posted by Si Thu Aung
Many of Thailand’s durian farmers and exporters have become millionaires, having capitalized on the opportunities that come with China's demand for the smelly fruit. Apichet Chitfour quit his factory technician job 29 years ago to invest in a durian business with his spouse, Kanjana, a fruit seller. Their risky bet paid off as the fruit's profit potential skyrocketed along with demand from China. The couple now runs one of Thailand's biggest durian packaging firms, Rachadurian Company. "I never thought I would get to this level. Earlier, when we did wholesale, we got anywhere between 100 to 5,000 baht (US$2.7-138) a day. When we moved to a bigger market, we were making up to...