Renowned businessman Dr. Cosmos Maduka has made a startling revelation about Africa's richest man, Aliko Dangote. During a recent interview, the CEO of Coscharis Group disclosed that Dangote is actually Nigeria's biggest debtor.
Maduka explained: "The number one debtor in Nigeria is Aliko Dangote. He's the wealthiest man in Africa. The number one debtor in the world is the United States of America, and you call them the richest in the world."
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The business mogul emphasized that strategic debt is key to wealth creation, advising entrepreneurs to never borrow more than 20% of their income. "You should leverage loans, but you need a good structure to support that loan," he added.
This revelation sheds new light on how billionaires build empires through calculated debt management, challenging conventional views about wealth and borrowing.
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