Is it possible to become a billionaire like this
i understood the nigerian tycoon aliko dangotes game play.
the inverse of money is barter right. give a value get a value. money is a shorthand. what matters is giving a value getting a value. so as long as youre delivering a good or service thats wanted you have a job.
the issue with being a businessmen or attempting to sell things other than your time like starting a business:
not all businesses will succeed, lack of proof of concept, idea has no use case or the incumbent is too strong.
like u can make a car but people judge on after-sales or distribution/parts network
you whats wanted and will grow, and will tell you what you can practically sell and get into a market without infringing on strong incumbent competitors. So no you wont be doing automobiles. Incumbents have a strong after-sales and distribution network is needed.
and no, you wont be doing beverages to compete with Coca Cola either.
look at his businesses, cement, sugar, fertilizer now oil.
these are all commodities anyone can enter and sell customer doesnt care who seller is. theres no brand or after-sales network needed
Opportunity in commodities:
he buys up the machine andpoint. the machine becomes a money printer or arbitrager.
crude = $3 diesel = $5 more if you cartelizes on vendor and market side your margin increases
He is building the worlds largest oil refinery and my suspicion is after it is complete:
He will cartelize on Nigerias crude suppliers and then cartelize on downstream players and earn a nice spread in between.
At every step he leverages using bank loans and turns it into high number absolute income by spending that loan money on the arbitrage machine (refinery, sugar refinery, cement plant) and sucking out profits from.