Dangote Net Worth & Profile
|Dangote Net Worth||$13.6 billion US dollars as of 2021|
|Also known as||–|
|Age||10 April 1957 (64 years)|
|State of Origin||Kano|
|Source of Wealth||Commodities, Oil, Industrial production, Telecommunications|
Aliko Dangote Net worth & Biography
Aliko Dangote, was born on 10 April 1957 into a wealthy Muslim family in Kano State, the son of Mohammed Dangote and Mariya Sanusi Dantata, the daughter of Sanusi Dantata. He is the great-grandson of Alhassan Dantata, the richest West African at the time of his death in 1955.
Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano.
He graduated from the Government College, Birnin Kudu In 1978. He received a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo. Aliko Dangote‘s net worth is estimated to be about $13.6 billion USD.
Aliko Dangote’s Career
In 1977, Dangote relocated to Lagos to expand his business and the Dangote Group was established as a small trading firm. Today, it is a multi-trillion-naira conglomerate with many of its operations in Benin, Ghana, Nigeria, Zambia, and Togo. Dangote has expanded to cover food processing, cement manufacturing, and freight. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners. The Dangote Group 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 to lease an abandoned piece of land at the Apapa Port, which was approved in July 2012. He later built facilities for his flour company there.
In Nigeria today, Dangote Group 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. It is the largest refinery in Africa and the third-largest in the world, producing 800,000 tonnes of sugar annually. Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertilizer. The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. It also has major investments in real estate, banking, transport, textiles, oil, and gas. The company employs more than 11,000 people and is the largest industrial conglomerate in West Africa.
Dangote has diversified into telecommunications and has started building 14,000 kilometers of fiber optic cables to supply the whole of Nigeria. As a result, Dangote was honored in January 2009 as the leading provider of employment in the Nigerian construction industry.
He is the Chairman and CEO of Dangote Group, an industrial conglomerate and the wealthiest person in Africa, with an estimated net worth of US$12.4 billion as of September 2021.
Aliko Dangote Net worth Index
- 2012 – $11.2B
- 2013 – $16.1B
- 2014 – $25B
- 2015 – $14.7B
- 2016 – $15.4B
- 2017 – $12.2B
- 2018 – $14.1B
- 2019 – $10.4B
- 2020 – $8.3B
- 2021 – $11.5B(April)