Aliko Dangote Biography
Aliko Dangote is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries.
Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa and peaked on the list as the 23rd-richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world’s richest person of African descent.
Aliko Dangote Age
Aliko Dangote was born on 10 April 1957. He is aged 62 years as of 2019.
Aliko Dangote Net Worth
Dangote has a net worth of US$10.6 billion.
Aliko Dangote Wife/Children/Family
Dangote is married and lives in Lagos, Nigeria. He has been married four times and his first three marriages ended in divorce. He has a total of fifteen children from these marriages.
Aliko Dangote Early Life
Aliko Dangote is an ethnic Hausa Muslim from Kano, Kano State. He was born into a wealthy Muslim family. He is the great-grandson of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955. Dangote 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.”
Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. He has a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo.
Aliko Dangote House
Aliko Dangote house costs more than $30 million.
Aliko Dangote Cars
His car collection which includes extravagant models namely;
- Maybach 57S Knight Luxury, that costs $1,000,000
- Mercedes-Benz CL65 AMG that costs $220,000
- Bugatti Veyron that costs $2,000,000
- Bentley Mulsanne that costs $310,000
Aliko Dangote Arsenal
Dakote said he will go after Arsenal from 2020, even if somebody buys, we will still go after it. That comment followed on from a statement he made in August 2017 where he made it clear he believed he would be able to tempt Kroenke into doing business.
“If they get the right offer, I’m sure they would walk away,’ he said. “Someone will give them an offer that will make them seriously consider walking away.
Aliko Dangote Business Career
In 1977, the Dangote Group was established as a small trading firm. In the same year Dangote relocated to Lagos to expand the company. It is a multi-trillion-naira conglomerate today with many of its operations in Benin, Ghana, Nigeria and Togo. He has expanded to cover food processing, cement manufacturing and freight. In Nigeria, the Dangote Group also dominates the sugar market.
It is a major supplier to the country’s soft drink companies, breweries and confectioners. It has moved from being a trading company to be the largest industrial group in Nigeria including Dangote Sugar Refinery, Dangote Cement and Dangote Flour. Dangote approached the Nigerian Ports Authority in July 2012 to lease an abandoned piece of land at the Apapa Port, which was approved.
He put up facilities for his flour company there. He approached the Central Bank of Nigeria in the 1990s with the idea that it would be cheaper for the bank to allow his transport company to manage their fleet of staff buses, a proposal that was also approved. Dangote Group in Nigeria today, with its dominance in the sugar market and refinery business is the main supplier (70 percent of the market) to the country’s soft drinks companies, breweries and confectioners.
Rated the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. It owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement and fertiliser. It does exports of cotton, cashew nuts, cocoa, sesame seeds and ginger to several countries. Dangote group has major investments in real estate, banking, transport, textiles, oil and gas. It employs more than 11,000 people and is the largest industrial conglomerate in West Africa.
Aliko has diversified into telecommunications and has started building 14,000 kilometres of fibre optic cables to supply the whole of Nigeria. Dangote was honoured in January 2009 as the leading provider of employment in the Nigerian construction industry. Dangote said, “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.”
In 2003, Dangote had a prominent role in the funding of Olusegun Obasanjo’s re-election bid, to which he gave over N200 million (US$2 Million). Later he contributed N50 million (US$0.5 Million) to the National Mosque under the aegis of “Friends of Obasanjo and Atiku”. He contributed N200 million to the Presidential Library. The highly controversial gifts to members of the ruling PDP party have generated significant concerns despite highly publicized anti-corruption drives during Obasanjo’s second term.
Dangote was awarded Nigeria’s second-highest honour in November 2011, the Grand Commander of the Order of the Niger (GCON) by the former President, Goodluck Jonathan.
He reportedly added $9.2 billion to his personal wealth in 2013, according to the Bloomberg Index, making him the thirtieth-richest person in the world at the time, in addition to being the richest person in Africa.
The Nigerian government in 2014, said Dangote had donated 150 million naira (US$750,000) to halt the spread of ebola.
Aliko Dangote Awards
Dangote was named as the Forbes Africa Person of the Year 2014.