Forget cryptocurrencies this will create the first trillionaires

Today, he is one of Africa's leading industrialists and philanthropists. Dangote's fortune is primarily built from his company, Dangote Cement, although he started his business empire by selling commodities such as sugar, salt, and flour.

While he grew up upper-class, Dangote was entrepreneurial from a young age and started his first business with a loan from his uncle. A noted philanthropist, Dangote's Foundation began partnering with the Bill and Melinda Gates Foundation in to eradicate polio and strengthen routine immunizations, and in August , the African continent celebrated its official certification as free of wild polio. Slated to open in late , Dangote's Lagos Nigeria oil refinery is the largest industrial project in the history of Africa.

He was raised Muslim and lived an upper-class life. He made his fortune selling commodities like oats and rice. I was so interested in business, even at that time. It was there the budding entrepreneur furthered his education in business. Notable Accomplishments Dangote's business interests encompass many industries, including oil and gas, consumer goods, and manufacturing. According to Forbes magazine, the subsidiary produces Dangote also owns the world's third-largest sugar refinery. In , Dangote Cement Group reported quarterly revenue of An Empire Is Born After graduating from college in , Dangote managed to convince his uncle to lend him money to start a business.

The funds from the loan allowed him to import soft commodities at wholesale prices from international suppliers. Two of his main imports were rice from Thailand and sugar from Brazil. He then sold those items in small quantities to consumers in his village at a lucrative markup. The venture quickly became successful and turned into a cash cow. That allowed him to repay his uncle in only three months.

Cutting Out the Middleman In , Dangote realized that acting as a middleman was a very costly endeavor, so he built a plant to produce what he had been importing and selling for the previous 20 years: pasta, sugar, salt, and flour. Around the same time, Dangote was awarded a state-owned cement company. Dangote significantly expanded the operations of the company in by constructing a multimillion-dollar manufacturing plant.

Each of his manufacturing divisions has since been separated into publicly traded companies: Dangote Sugar Refinery PLC. Expanding the Empire Dangote has always reinvested the majority of his profits back into his businesses—one reason the company has grown so much since its inception. We do not keep money in the bank. We fully invest whatever we have and we keep on investing sic. In an effort to put some of his cash reserves to work, Dangote is working on a massive oil refinery in Lagos, which is projected to start operations in late Awards and Charity Work Aliko Dangote is a leading philanthropist and founded his eponymous private charitable foundation in He knew they would come after him because he was the symbolic head of Bitcoin.

When fake Satoshi Craig Wright came out, Australian authorities immediately raided his house. The official reason is always spurious. The real reason is to cut off the head of the snake. As Bitcoin rises in value, the hunt for Satoshi will only intensify.

He controls at least a million coins that have never moved from his original wallets. And that will only bring the hammer down harder and faster on him. Wherever he is, my advice to Satoshi is this: Stay anonymous until your death bed. But resistance to censorship and violence are only one of a number of incredible features of Bitcoin. Many of those key components are already at work in a number of other cryptocurrencies and decentralized app projects, most notably blockchains.

And breakthroughs in accounting have always presaged a massive uptick in human complexity and economic growth, as I laid out in my article Why Everyone Missed the Most Important Invention in the Last Years. But even triple-entry accounting, decentralization and resistance to the violence hack are not the true power of cryptocurrencies. Those are merely the mechanisms of the system, the way it survives and thrives, bringing new capabilities to the human race.

The ultimate feature is one that Bitcoin and current cryptocurrencies have only hinted at so far, a latent feature. The true power of cryptocurrencies is the power to print and distribute money without a central power. Especially the second part.

That power has always rested with the divine right of kings and nation-states. Until now. Now that right returns to its rightful owners: The people. And that will blow open the doors of world commerce, sowing the seeds for Star Trek like abundance economics , leaving the Old World Order of pure scarcity economics in the pages of history books. Nobody has created the cryptocurrency we actually need just yet. You see, Satoshi understood the first part of the maxim, the power to print money. What he missed was the power to distribute that money.

The second part is actually the most crucial part of the puzzle. Missing it created a critical flaw in the Bitcoin ecosystem. Instead of distributing the money far and wide, it traded central bankers for an un-elected group of miners. These miners play havoc with the system, holding back much needed software upgrades like SegWit for years and threatening pointless hard forks in order to drive down the price with FUD and scoop up more coins at a depressed price.

But what if there was a different way? What if you could design a system that would completely alter the economic landscape of the world forever? The key is how you distribute the money at the moment of creation. And the first group to recognize this opportunity and put it into action will change the world. To understand why you have to look at how money is created and pushed out into the system today. The Great Pyramid Today, money starts at the top and flows down to everyone else.

Think of it as a pyramid. In fact, we have a famous pyramid, with a third eye, on the dollar itself. A pyramid scheme rests on the original creators of the system roping in as many suckers as possible, paying them for enrolling people in the system rather than by offering goods and services.

Eventually you run out of people to bring in and the whole things collapses like a house of cards. The irony of course is that fiat currency, i. It moves out to a few big banks, who either lend it to people or give it to people for their labor. In fact, having a job or getting a loan are the primary methods that people at the bottom of the pyramid get any of the money. In other words, they trade their current time with a job or their future time with a loan for that money.

Think of economics as a game. Everyone in the system is a player, looking to maximize their advantage and the advantage of their team a company, their family and friends, etc. But to start the game you need to initially distribute the money or nobody can play. Distributing money sets the playing field. Now if you were in charge of the money, how would you distribute it to the network?

Of course you would! Because it maximizes the advantage of the kings and mobs at the top. Unfortunately, that means most of the money never really leaves the top. There is little to no incentive for the money to move. Since money is power, hoarding it is literally hoarding more power and nobody would willingly give up that power. In other words, the game is rigged. What we need is a way to reset the game. Up until now, our prospects looked very dim. That would give everyone a stream of money, pushing it out across the entire playing field and giving more people a chance to participate in the system.

If more people can participate, we unlock all kinds of hidden and untapped value. How many great inventors never managed to create their next breakthrough because they were stuck driving a bus seven days a week to feed their family, with no hope of free time or any clear path to digging themselves out of debt?

How many great writers went to their graves never having written their great novel? How many budding scientists never discovered the cure to cancer or heart disease? The people with that money rightfully resist its redistribution. The inevitable outcome of all fractional reserve lending booms is bust. Cryptocurrencies are creating new money. And unlike credit markets, which only pretend to expand the money supply, by lending it out 10x with fractional reserve lending , cryptocurrencies are literally printing money.

A lot better? We can. The Cicada design flips the idea of mining on its head. Everyone on the network is a miner and nobody can have more than one miner. Miners are drafted randomly to keep the network running smoothly. You might be walking along, getting coffee and your phone gets called on to secure the network for a few minutes. After that it goes right back to sleep. As a reward, you might win new coins for doing nothing but having the application on your phone.

Simple right? Because everyone is eventually drafted, everyone gets paid, in essence creating a UBI right now. If you think about it you can come up with dozens. Lots of ways to randomly draft miners without that too. What we really need is to completely gamify the delivery of money, distributing it far and wide at the moment of creation.

STATES WITH ONLINE GAMBLING

He broke into the billionaire category in the early s as a result of his investments in Standard Oil. These companies fall primarily into the tech and banking industries. This is a highly speculative list with several wild-card industries added to the mix to keep things interesting. Many of these are still waiting for the initial breakthrough to occur before the industry can even get started. They will have the ability to quickly adapt, rapidly influence, and perform nearly instantaneous transactions.

For these reasons, it is entirely possible for a breakthrough to occur that launches an entirely new industry, and with highly leveraged processes, start producing trillionaires in less than ten years. Cryptocurrency — The first global currency will likely be a cryptocurrency.

Since they operate outside of the realm of highly regulated, nation-based economies, cryptocurrencies will have the ability to fill the gaping needs left unanswered by today financial systems. To put this into perspective, 2. The opportunity here is huge. However, the most valuable near-term space industry will likely stem from extracting resources found in near earth asteroids.

While proving that both water and oxygen can be manufactured in space will be the first order of business, our growing need for platinum based metals could result in entire asteroids being dragged back to earth, each valued at hundreds of billions of dollars, shortly thereafter. Or perhaps having devices that can communicate with plants and animals.

How much will those capabilities be worth in future dollars? Flying Drone Services — We are currently just scratching the surface of all the services that drones can provide. But consider the notion of having solar power drones that fly at extreme altitudes of 80, feet or higher, above weather patterns, and never have to come back down.

Well maybe every 5 years for service and repair. Google and Facebook both bought companies like this. Now consider using these drones to provide a better grade of telecom services all over the world. Controlling the Weather — Is controlled weather a good thing or a bad thing? Well, we know hurricanes, tornadoes, tsunamis, and major hailstorms can be very destructive, so there are already major costs associated with our current weather systems.

So consider how much it would be worth to farmers to have extra rain, a guarantee of no hail, favorable temperatures and good sunshine? How much is it worth to homeowners to not have to water their lawns, or never have wind or hail that damages their roofs?

At this point though, we still struggle to understand what it is, why it exists, and how it works. So in some respects, it could be the least likely of all on this list. At the same time, as with most of these, we are but one key breakthrough away from this becoming the most valuable of all industries.

Ultra High Speed Transportation — Traveling faster, more efficient, and for less money is normally a recipe for a massively disruptive technology, leading to a less valuable industry. Yet, tube transportation , as proposed by Elon Musk and Daryl Oster would have just the opposite effect. When global transportation becomes easier and cheaper, people will travel more — much more. And with a more efficient system, the margins will be far greater.

Controlling Time — When the topic of controlling time is brought up, most people instantly start thinking about time travel. The next conclusion, naturally, is those who can jump across time will never be around, always choosing to experience some new era. But controlling time could also mean the short-term manipulation of time. Knowing something 10 minutes before the rest of the world could be worth billions, maybe even trillions.

While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in this report are forecasts and may not be a reliable indicator of future results. Any potential gains in this letter do not include taxes, brokerage commissions, or associated fees.

Please seek independent financial advice regarding your particular situation. Investme nts in foreign companies involve risk and may not be suitable for all investors.

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