Aliko Dangote GCON is a Nigerian business magnate who was born on April 10, 1957. The Dangote Group, West Africa’s largest industrial conglomerate, is led by Dangote, the company’s founder, and current chairman and CEO. Dangote is the richest person in Africa, the richest black person, and the 65th richest person in the world, as of October 12, 2022, according to the Bloomberg Billionaires Index. His net worth is estimated at US$18.6 billion.
How much wealth does Aliko Dangote have?
Dangote Cement operates in ten African nations and has the capacity to produce 48.6 million metric tons annually. Dangote’s fertilizer plant in Nigeria went into operation in the middle of 2021, after years of development. The Dangote Refinery, which has been under construction since 2016, is anticipated to be one of the largest oil refineries in the world when it is finished.
Dangote at the 2011 World Economic Forum Dangote became the first billionaire in Nigeria in 2007. According to the Bloomberg Billionaires Index, Dangote increased his personal wealth by $9.2 billion in 2013, making him the richest person in Africa and the thirty-third richest person in the world at the time. The HSBC leaks of 2015 revealed that Dangote was a client of HSBC and had assets in a British Virgin Islands tax haven. Dangote is Africa’s richest person as of April 2022.
How much Aliko Dangote earns?
Forbes magazine ranks Aliko Dangote as the 100th richest person in the world and the richest person in Africa. In 2014, he was ranked as the 23rd richest person in the world. In 2013, he earned more than $2.6 billion more than Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi, making him the richest African-American in the world.
He earns $100 Million in a year, $8.33 Million per month, and $1.92 Million per week.
Aliko Dangote’s Carrer:
A career in the business of Dangote, The Dangote Group began as a small trading company in 1977, the same year that Dangote moved the company to Lagos to grow. To begin trading in commodities like bagged cement and agricultural goods like rice and sugar, Dangote received a $500,000 loan from his uncle.
In the 1990s, he proposed to the Central Bank of Nigeria that his transportation company manage the bank’s fleet of staff buses at a lower cost, which was also approved. One of the largest conglomerates in Africa today, the Dangote Group has international operations in Benin, Ghana, Zambia, and Togo. From a trading company, the Dangote Group is now Nigeria’s largest industrial group, with divisions like Dangote Cement, Dangote Flour, and Dangote Sugar Refinery.
The sugar market in Nigeria is dominated by Dangote Group, with its refinery business accounting for 70% of the market for the country’s confectioners, breweries, and soft drink manufacturers. In West Africa, the company employs more than 11,000 people. Dangote approached the Nigerian Ports Authority in July 2012 for permission to lease an abandoned piece of land at the Apapa Port. Later, he constructed facilities there for his flour business. It produces 800,000 tonnes of sugar annually, making it the largest refinery in Africa and the third largest in the world.
Salt mills and flour mills are owned by the Dangote Group, which also imports a lot of rice, fish, pasta, cement, and fertilizer. Sesame seeds, ginger, cashew nuts, cocoa, and cotton are among the items the company sells abroad. It also has significant investments in oil and gas, banking, transportation, textiles, real estate, and banking.
Dangote formed a partnership with Stellantis Group, the parent company of Peugeot, and the governments of Kano and Kaduna states. In February 2022, he made the announcement that the Peugeot assembly plant in Nigeria had been completed. Dangote Peugeot Automobiles Nigeria Limited (DPAN), a brand-new automobile manufacturer based in Kaduna, has begun production of the Peugeot 301, 5008, 3008, 508, and Land Trek.
Aliko Dangote’s Personal Life:
Aliko Dangote has married twice and divorced both times and currently lives in Lagos. He has three daughters and one adopted son.