Business News of Friday, 26 April 2024

Source: www.ghanaweb.com

I had over US$40m sitting in my bank account while MBA professors were failing me - McDan

Dr. Daniel McKorley, Executive Chairman of McDan Group play videoDr. Daniel McKorley, Executive Chairman of McDan Group

Ghanaian business mogul Daniel McKorley, popularly known as McDan, has opened up about the challenges he faced academically despite having substantial wealth early in his career.

Speaking about his experiences during his Master of Business Administration (MBA) studies, McDan revealed that he had over $40 million sitting in his account while encountering academic setbacks.

McDan, who claims to have made his first million dollars at the age of 28, recounted the stark contrast between his financial accomplishments and his academic performance.

“I made my first million dollars at the age of 28 and lost it all at the age of 32. And I remember when I was doing my MBA and... doing my MBA, one of the most difficult parts in life.

“You would run to the class and a professor would look at me and give me D and Fs meanwhile I had 40 million dollars sitting in my account. Can you imagine, can you do that? That is very difficult but we call that discipline," he stated.

Despite his financial success, McDan underscored the necessity of pushing oneself to achieve academic milestones.

"It is not because of money but you have to get somewhere. You know I always say that when you are young work hard. You reach a certain stage of your life, you work smart. You get to a certain stage your money has to work for you.

“So, when you are at a point and you are still working for money then you have a problem, your money has to work for you," McDan added.





AM/SARA

Watch the latest edition of BizTech below:



Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel