| Net Worth: | $21 billion |
|---|---|
| Date of Birth: | April 10, 1957 (67 years old) |
| Gender: | Male |
| Profession: | Businessperson, Entrepreneur |
| Nationality: | Nigeria |
What is Aliko Dangote ‘s net worth? How does Aliko Dangote make his money? Below is the current net worth of Aliko Dangote and how Aliko Dangote makes his money.
What is Aliko Dangote ‘s Net Worth?
Aliko Dangote is a Nigerian businessman who has a net worth of $21 billion. He has been the richest man in Nigeria and Africa for years. Currently, he is still the richest person in Nigeria and Africa. He is the founder of The Dangote Group which controls part of Nigeria’s commodities.
Early Life
Dangote was born in kano into a wealthy Hausa Muslim family on April 10, 1957. Mariya Sanusi Dantata, Dangote’s mother, and Mohammed Dangote, Dangote’s father are very prominent and renounced. Alhaji Alhassan Dantata, his great grandfather, was the richest West African at the time of his death in 1955.
Mariya Sanusi Dantata was the daughter of the owner of the company Sanusi Dantata and Sons Limited and the “former director of the Nigerian branch of Shell B.P.”. Sanusi Dantata was Dangote’s maternal grandfather.
Career
Dangote established the Dangote Group in 1977, the same year he relocated to Lagos to expand the company. The Dangote Group earned approximately $21 billion in revenue, in 2013.
The company employs more than 11,000 people. In west Africa, it is the largest industrial conglomerate. Lagos State, was where it originated as a small firm headquarters but now has international operations in Ghana, Togo, Zambia, and Benin.
It is the largest trading industrial group in Nigeria, encompassing divisions such as Dangote Cement, Dangote Flour, and Dangote sugar refinery. It also has areas of operation which include sugar, cement manufacturing, freight, refinement, and food processing.
In Nigeria, Dangote Group dominates the sugar market and operates the largest sugar refinery. Aliko’s sugar refinery is the third-largest in the world, producing 800,000 tons of sugar yearly.
Dangote approached the Nigerian Port Authority to lease an abandoned piece of land at Apapa Port in July 2012, which was agreed upon. On that land, facilities for his flour company were built.
The Dangote Group owns flour mills and salt factories and is also a major importer of pasta, fertilizer, fish, rice, and cement.
The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. Additionally, it has major investments in real estate, banking, transport, textiles, oil, and gas.
About 80% of the companies’ revenue comes from Dangote Cement, which produces more than 44 million metric tons of cement each year.
In 2003, Aliko had a prominent role in financing Olusegun Obasanjo’s re-election campaign, in which he donated over N200 million (US$2 million). He has been a prominent donator to Nigerian political affairs.
Dangote contributed N200 million to the Presidential Library. Under the aegis of “Friends of Obasanjo and Atiku”, he contributed N50 million (US$500 thousand) to the National Mosque.
In 2014, Dangote donated 150 million nairas (US$750,000) to halt the spread of Ebola. In March, of the same year, he created his own Aliko Dangote Foundation which focuses on economic empowerment, issues of health, and education.
He pledged $10 million to support Nigerians affected by the Boko Haram insurgency in 2016. In Nigeria, he donated 200 million nairas (US$500,000) towards the fight against the spread of COVID-19 in march 2020.
Personal Life
Dangote lives in Lagos, Nigeria. He has three daughters – Mariya, Halima, and Fatimah from his marriages and also has one adopted son. He has married twice and divorced twice.
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