ALIKO DANGOTE– Biography, Age, Family, Net-worth & Businesses
ALIKO DANGOTE– Biography, Age, Family, Net-worth & Businesses
WHO IS ALIKO DANGOTE?
Aliko Dangote is a business magnate and philanthropist. Many people know him as the wealthiest person in Africa for ten years in a row.
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Dangote was born with a silver spoon into the prominent family of the Dangote’s. Aliko seems to take after his great-grandfather – Alhaji Alhassan Dantata who was the richest man in Africa till his death in 1955.
As a young boy, Dangote had entrepreneurial blood flowing in his veins as he used to buy cartons of sweets and sell them to friends just to make some extra money.
ALIKO DANGOTE – Biography, Age, Family, Net-worth & Businesses
BIOGRAPHY
It is a great feat to be the richest man in a country but when you take it a notch higher to becoming the richest man in the continent then that’s really a great feat. Aliko Dangote holds this title as the richest man in Africa. He is a Nigerian billionaire and has held this position for the last 4 years.
Aliko attended the Sheikh Ali Kumasi Madrasa (Arabic School) before heading to the Capital High School in Kano.
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After his graduation, Aliko enrolled in Al-Azhar University in Cairo, Egypt where he took a business course.
Dangote’s company, the Dangote Group is an African brand with operations in other African countries asides from Nigeria. These include Benin, Ghana, Ethiopia, Senegal, Cameroon, South Africa, Togo, Tanzania, and Zambia. Currently, Dangote is the 67TH richest person in the world.
WIKI – BIODATA
| Full Name | Aliko Dangote |
| Date Of Birth | April 10, 1957 |
| Age | 65 Years Old |
| Nationality | Nigerian |
| Education | Government College, Birnin Kudu; Al-Azhar University |
| Occupation | Industrialist, founder, and leader of Dangote Groups |
| Started Since | 1977 |
| Net Worth | $11.2 Billion |
| Marital Status | Divorced |
| Children | 3 daughters and an adopted son (4) |
ALIKO DANGOTE – Biography, Age, Family, Net-worth & Businesses
FAMILY, MARRIAGE, AND PERSONAL LIFE
Aliko Dangote has been married twice and he has 3 girls namely Halima, Fatima, and Sadia. Although Dangote is a Muslim, he has never been a polygamist. His first wife, Hajia Zainab was selected for him by his family but he divorced her after some years. He later married Mariya Rufai but he would later divorce her and he hasn’t been married since then.
The business magnate is a father of three daughters. Their names are Fatima Dangote, Mariya Dangote, and Halima Dangote.
CAREER
At 20 years of age, Dangote established a small trading firm in 1977 which would later metamorphose to become the Dangote Group. The young man approached his uncle for a loan of N500,000 which he used to start the business. He was supposed to pay back the loan in 3 to 4 years but he was able to pay in 6 months.
Dangote initially started his business by trading commodities like sugar, rice, pasta, salt, cotton, millet, cocoa, textile, and vegetable oil.
After a while, his business grew large enough for him to become one of the major importers of these commodities. But Dangote knew he had to control the production of the commodities if he was to successfully scale the business.
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A few years later, he was able to start the process of manufacturing and this led to his company being subdivided into 13 companies. Additionally, he was able to price his products a little lower than the competitors and this led him to take a large share of the market.
Also, Dangote had always had an eye for befriending the right people and he was able to leverage on this network to grow his business.
Currently, the company has a multi-trillion naira conglomerate and some of its popular products include Dangote Cement, Dangote Sugar, and Dangote Flour.
The company is a major supplier of sugar to soft drink companies, breweries, and confectioners.
Dangote also has an interest in transportation. The company currently manages the fleet of staff buses used by the Central Bank of Nigeria.
Presently, the Dangote Sugar Refinery is the largest refinery in Africa and the third largest in the world. The refinery produces 800 000 tonnes of sugar annually.
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Also, the Dangote Group owns salt factories and flour mills. Additionally, the company is a major importer of rice, fish, pasta, cement, and fertilizer. They are also involved in the export of cotton, cashew nuts, cocoa, sesame seed, and ginger to several countries. Dangote Group is known to have major investments in real estate, banking, transport, textiles, and oil and gas.
The company has a staff strength of over 11,000 people and is currently the largest industrial conglomerate in West Africa.
The Dangote Brand doesn’t seem to ever rest his oars. The company is also interested in telecommunications and they have built over 14 000 kilometers of fiber optic cables to supply the whole of Nigeria.
Aliko Dangote is also an enthusiastic football fan. He is a fan of Arsenal and he was once reportedly interested in buying a 16% stake in Arsenal. But he seems to have postponed that until the completion of his refinery in 2019.
ALIKO DANGOTE – Biography, Age, Family, Net-worth & Businesses
ALIKO DANGOTE INVESTMENTS & BUSINESSES
He recently announced an investment in a private refinery where oil, fertilizer, and petrochemical materials will be refined. The investment is worth approximately $9 billion with a consortium of local and international lenders involved in the deal.
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Also, he has made a decision to invest $1 billion in commercial rice farming and modern rice mills. Dangote Cement is also investing in new markets in Africa with plans to commission new plants in Kenya and Niger.
NET WORTH
The business magnate owns a significant percentage of the Dangote Group. Out of all its subsidiaries, Dangote Cement, founded in 1981, makes up the majority of the conglomerate’s revenue. He owns 85% of this subsidiary and sits as the chair.
The business magnate has a net worth of $12.5 billion as of 2022. His wealth is from his cement production business and his relatively new fertilizer plant. He is passionate about giving back to the community. He supports various charity causes.
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