This engineer thought business people were crooks until he founded a company and made billions

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

When Mo Ibrahim was growing up in Alexandria, Egypt, he idolized scientists such as Marie Curie and became a telecommunications engineer. Now he is a billionaire — something he never expected, because he didn't trust initially trust business people.

When Mo Ibrahim was growing up in Alexandria, Egypt, he idolized scientists such as Marie Curie and Albert Einstein and eventually became a telecommunications engineer.

"Because of my bringing, because of … my social background … we assume businessmen are crooks or people involved in funny stuff. We respect professions, you know. You need to be a doctor, an engineer, to earn honest money and to do right work, but guys involved in wheeling and dealing, we are suspicious of that," he told CNBC's"The Brave Ones."

"It was strange, because I'm not supposed to be the business , I'm supposed to be the technocrat. And I go work in the big organization. So what do you do when you get fed up working in a large company and the bureaucracy? I said, 'OK, I'm going to be a consultant.'"

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business people are crooks....oh wait...........I made billions!.......business people are not crooks because I made billions!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Perpetual Motion: Chinese State Companies Fine-Tune Their Financial EngineeringAs a quick fix for elevated debt, Chinese state-backed businesses are issuing huge quantities of perpetual bonds, which on the books can look like equity. Beijing is not amused. Irish sandwich reloaded Sounds like the US economy SenSchumer
Source: WSJ - 🏆 98. / 63 Read more »

Here's how advertisers are getting tech companies to clean up their act or risk losing billionsRaja Rajamannar talks about the World Federation of Advertisers' call for brands to 'hold platforms to account.'
Source: CNBC - 🏆 12. / 72 Read more »

This Entrepreneur Went From $400,000 In Credit Card Debt To Selling His Business For $1.65 BillionSon of Indian immigrants, a former lawyer and now a CEO, Reggie Aggarwal took on an industry worth more than the GDP of 90% of countries in the world and built a billion-dollar business in the process.
Source: Forbes - 🏆 394. / 53 Read more »

300 Investor Rejections And 1 Failed Startup Led This Entrepreneur To Build A $1 Billion BusinessEntrepreneurship can be more than a marathon. It’s a decathlon. Knowing when to quit or persist can be an art. Raising funding for a startup can be a formidable game. Henry Ward is an entrepreneur who knows this all too well. Hey kudos to this guy. Inspiring. I'd never give up! Would like to know henrysward's 5 things. 'I have my 5 things that have to be true, and I do this today because we launch new products all the time, so I have my checklist of 5 things that we have to have conviction around before we go launch this new product into a new market.'
Source: Forbes - 🏆 394. / 53 Read more »

Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes... $BA is not a stock which could grow.. Beautiful! 'Boeing's stock has gained 4.4% over the past three months through Tuesday, while the Dow Jones Industrial AverageDJIA+0.55% has gained 8.6%...'
Source: MarketWatch - 🏆 3. / 97 Read more »