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I was going through my Facebook feeds, and a post caught my attention. It was a video of fleet of cars which was popular in the 1990s which where abandoned and in a devastated state. It was really something worth considering so I decided to make some research. These cars where discorved in the home of late billionaire Alhaji Ahmed Mai Deribe In Maiduguri, the capital of Borno State, Nigeria in his golden mansion once hailed as a symbol of wealth .
He was one of Nigeria’s richest men in the 1980s and 1990s, famous for his extravagant lifestyle and powerful connections. He built what was known as the Gold Palace, a lavish estate said to cost over $100 million, furnished with imported Italian designs and fitted with bulletproof doors.
Mai Deribe was also a major player in Nigeria’s oil and gas sector, which helped him amass his fortune. He bought over 1,000 Mercedes-Benz vehicles in his lifetime, with several luxurious Rolls-Royce cars now gathering dust in the ruins of his once-mighty mansion. These cars, once status symbols, are now rusting abandoned and silent.
From the video I can count about 15-20 luxury vehicles which would cost about $500,000-$2,000,000. This was a whole lot of wealth of course some people will say that this wealth is enough to feed his 7th generation.
But here is the irony? Today, few of his 27 children are publicly known, and his wealth appears scattered. What remains is a pile of dust, a reminder that even gold fades with time. Let us not forget that this was once Nigeria richest man. This echoes with the adage “Vanity upon vanity, all is vanity.”
What We Can Learn
Material Wealth Doesn’t Last Forever
Despite all he had cars, property, influence time has shown that without proper legacy planning, physical wealth is temporary. This mam was estimated to be worth around $600,000,000 is now almost disappearing from the books of history. What an irony. His mansion is lying in ruins. We should not spend all our life trying to make all the riches in the world without proper planning on how all that wealth can be managed after we die. Even though there at not much records on his family, but the trending video of his mansion and its state has began to raise questions and create doubts in the minds of many. Likely, his children didn’t carry on the legacy in the way his wealth would have allowed.
When we build only to show off, we build for applause that fades. But when we invest in people, education, systems, and values, we build something time can’t destroy. Instead of building houses here and there which we might likely not inhabit, lets us invest in our fellow humans who will likely help us more in the future.
This story is really vital especially for those of us trying to build businesses, farms, brands, or families.Whether you’re a trader, farmer, developer, or creator, business man the lesson is clear: Don’t just chase wealth. Build a legacy. Plan for sustainability. Invest in the next generation. Let your impact speak louder than your possession.
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