Dangote's Net Worth And Biography 2021

Aliko Dangote GCON (born 10th of April 1957) is a Nigerian business entrepreneur. He is the Head and CEO of Dangote Group, an industrial individual and the wealthiest person in Africa, with an approximate net worth of over US$12.7 billion as of September 2021.

Aliko Dangote GCON

Born: 10th of April 1957 (age 64)
State of origin: Kano, Nigeria
Education: Government College, Birnin Kudu
University: Al-Azhar University
Occupation: Industrialist
Years active: 1977–present
Known for: Founder and CEO, Dangote Group
Children: 4
Relatives: Sani Dangote (brother)

Early life

Aliko Dangote GCON, a Born Kano State man and also a Muslim by religious, was born on 10th of April 1957 into a wealthy Hausa, Muslim family, the son of Mohammed Dangote and Mariya Sanusi Dantata, the daughter of Sanusi Dantata. He is the great grandson to Alhassan Dantata, the richest West African man at the time of his death in 1955.

Dangote was educated and brought up at the Sheikh Ali Kumasi Madrasa, following the Capital High School, Kano. On his childhood life, he has said:

"I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time".

In 1978, he graduated from the Government College, Birnin Kudu. He earned a bachelor's degree in business administration from Al-Azhar University, in Cairo capital of Egypt.

Business career

The Dangote Group was organized as a small trading foundation in 1977, the same year Dangote moved back to Lagos to enlarge the company.Today, it is a multi trillion-naira business with alot of its distributions in Ghana, Benìn, Nigeria, Togo and Zambia. Dangote has enlarge to cover food producing, cement production, and freight. The Dangote Group also took over the sugar market in Nigeria and is a main supplier to the country's soft drink companies, confectioners, breweries. The Dangote Group has transformed from being a trading company to be the largest and popular industrial group in Nigeria as at now including Dangote Dangote Cement, Sugar Refinery, and Dangote Flour.

In July 2012, Dangote made approach to the Nigerian Ports Authority to hire out an abandoned piece of land at the Apapa Port, which they agreed. He later built facilities for his flour company there. In the 1990s, he also approached the Central Bank of Nigeria with the idea that it would be cheaper for the bank to allow his road transport company to manage their fleet of company buses, the proposal that was also agreed to.

He also distributed money to the Nigeria sport ministry to rebuild the national stadium in Abuja.

In Nigeria today, Dangote Group with its popularity in the sugar market and refinery business is the major supplier (70 percent of the market) to the country's soft drinks companies, confectioneries and breweries. It is the world largest refinery in Africa and the 3rd largest in the whole world, producing 800,000 tonnes of sugar yearly. Dangote Group also owns salt factories and flour mills and is a major importer of fish, rice, cement, pasta and fertilizers. The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to various countries. It also has main investments in real estate, transport, banking, textiles, gas, and oil. The company recruits more than 11,000 people and it's the largest industrial business in Nigeria.

Dangote has invested into telecommunications and has started building 14,000 kilometres of fibre optic cables to provide for the whole of Nigeria. As a result, Dangote was celebrated in January 2009 as the head provider of jobs in the Nigerian construction industry.

In his words:

"Let me tell you this and I want to really emphasise it ... nothing is going to help Nigeria like Nigerians bringing back their money. If you give me $5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work."

Dangote is also pioneering the development of a ground breaking refinery with the capacity to process 650,000 barrels of crude per day making it the largest single train refinery in the world with an estimated cost of $19 Billion it is located in the Lekki Free Zone, Lagos , Nigeria.

Personal life

Dangote resides in Lagos, Nigeria. He has been married before but later divorced twice. He has three grown-up daughters – Halima, mariya, Fatimah – and one adopted son Abdulrahman Fasasi.

Aliko Dangote's brother, Sani Dangote, died on 14th November 2021 of an undisclosed causes.

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