Aliko Dangote is a Nigerian businessman with a $21 billion net worth. Aliko Dangote has been Africa’s richest man at times. He is currently the wealthiest individual in Nigeria. He amassed his fortune by forming The Dangote Group, which currently controls a large portion of Nigeria’s commodities.
Who is Aliko Dangote?
Aliko Dangote was born in Kano, Nigeria, on April 10, 1957. Mohammed Dangote and Mariya Sanusi Dantata are his parents. He is an ethnic Hausa Muslim from a renowned and prosperous Muslim family. Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955, is his great-grandfather. Sanusi Dantata, his maternal grandfather, was the former director of the Nigerian branch of Shell B.P. and the founder of the company Sanusi Dantata and Sons Limited.
Dangote demonstrated his natural entrepreneurial flair as a child when he started a business buying candies in bulk to sell to his elementary school classmates for a profit. He attended the Sheikh Ali Kumasi Madrasa and the Capital High School in Kano before graduating from the Government College in Birnin Kudu.
He has a business degree from Al-Azhar University in Egypt. Dangote, at 21, returned to Nigeria after graduating from college in the early 1970s. When he returned, an influential uncle landed him a lucrative government contract to produce cement, as well as a $5,000 loan to start a small business. He was inspired to explore the same chances in Nigeria after spending time in Brazil and observing that country’s ascension to industrial giant status.
How old is Aliko Dangote?
He is currently 66 years old.
What is Aliko Dangote’s net worth?
The Nigerian businessman is estimated to be worth $21 Billion.
What is Aliko Dangote’s career?
Dangote founded the Dangote Group in 1977, and the company has developed at an astonishing rate over the previous 35 years. The Dangote Group earned just around $21 billion in revenue in 2013. It is West Africa’s largest industrial group, employing over 11,000 people.
It began as a tiny trade corporation based in Lagos, Nigeria, but it now has activities throughout Africa, including Benin, Ghana, Zambia, and Togo. Its businesses include food processing, cement manufacture, freight, sugar refinement, and so on. Far from its humble beginnings, the Group now includes numerous firms and subsidiaries, such as Dangote Sugar Refinery, Dangote Cement, and Dangote Flour, to name a few.
They are the dominant player in the Nigerian sugar market, supplying the majority of the country’s soft drink firms, breweries, and confectioners; the Dangote Group controls roughly 70% of the market. Across the whole African continent, the
Dangote Group owns and operates the world’s largest sugar refinery, as well as the third largest in the world. They have the capacity to produce 800,000 tons of sugar per year. Aside from sugar, the Dangote Group has salt refineries and bread mills. They also import a significant amount of rice, seafood, pasta, cement, and fertilizer into Nigeria. Cotton, cashew nuts, sesame seeds, and cocoa, on the other hand, are exported. Other investments include real estate, finance, transportation, textiles, oil and gas, and telecommunications. Dangote Cement, which is believed to manufacture 44 million metric tons of cement per year, reportedly accounts for almost 80% of the conglomerate’s earnings.
Source: www.ghggossip.com
