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Aliko Dangote
Chairman, President & CEO, Dangote Industries LtdBirth DetailsApril 10, 1957 | Kano, Nigeria
NationalityNigerian
LeagueBusiness Leader
EducationGraduate in Business Studies, Al-Azhar University
Net Worth$8.1 billion (as of August 20, 2020)
Aliko Dangote's Assets:
Aliko Dangote's Journey so far ...
Before you go ...
- Dangote Group
Aliko Dangote's Journey so far ...
- With a small loan from his uncle, Aliko Dangote started his business career as a cement trader in 1977 after completing college
- In 1981, he formally incorporated the business which eventually became Dangote Group
- He soon diversified and began trading essential items such as sugar, flour, fish, rice, milk and iron
- During the late ‘90s, he began shifting focus from trading to manufacturing to meet the growing demands of consumers in Nigeria
- In 2000, he acquired Benue Cement Co. from the Nigerian government and subsequently entered the cement manufacturing business
- Currently, Dangote Cement has a presence in 10 countries in Africa and is the largest cement producer in the Sub-Saharan region of the continent
- Dangote Cement is a publicly-traded company of which Aliko Dangote owns 86% and in 2019, the company had revenue of $2.5 billion
- Today, Dangote’s business group is the largest conglomerate in West Africa with a presence in 17 African countries. The group, along with cement, has interests in agricultural & food products, transportation, steel, fertilizer, real estate and more
- The Dangote oil refinery, which is currently being constructed at a cost of $12 billion, is expected to become one of the largest oil refineries in the world when completed
- As per latest reports, Dangote is the richest man in Africa
- An active philanthropist, he made an endowment of $1.25 billion to the Dangote Foundation in 2014 to support its work in the areas of health, education and economic empowerment
- He has also collaborated with the Bill & Melinda Gates Foundation and has become a part of Bono’s group, ONE, to help in the eradication of poverty, malnutrition and polio
Before you go ...
- He is quite passionate about football and is a supporter of the English football club, Arsenal
- All his group’s publicly-traded companies combined account for one-third of the total market capitalisation of the Nigerian Stock Exchange
Last Updated: 12/02/2021
Aliko Dangote News
Kris Gopalakrishnan to co-chair World Economic Forum annual meet next monthInfosys Vice-Chairman Kris Gopalakrishnan will co-chair the World Economic Forum (WEF) annual meeting next month in Switzerland.
Three of Indian-origin among Africa's 50 richest: ForbesBidco grossed over $ 500 million in annual revenues and its products are manufactured, sold and distributed in 14 countries across Africa.
India, Africa to discuss food security, trade mattersFrom India, Commerce and Industry Minister Anand Sharma will attend the third India-Africa Trade Ministers meeting and India-Africa Business Council meeting.
African tycoon to build $3.3 billion refinery in NigeriaForbes ranks Dangote as Africa's richest man with an estimated wealth of USD 16.1 billion. His companies also produce flour, cement and sugar.
TATA Consulting Engg wins contract from Nigeria's Dangote GrpTCEL will assist the Dangote Group with review engineering, construction management, quality management, health and safety management and the entire gamut of project management services.
World Economic Forum on India to be held in Gurgaon to debate economic challengesWorld Economic Summit on India to be held in Gurgaon will focus on addressing economic challenges like rising inflation and slowdown in growth.
Nigerian billionaire interested in ArsenalNigerian billionaire Aliko Dangote is reportedly interested in buying the 16 percent stake in Arsenal being sold by Nina Bracewell-Smith.
DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
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