Aliko Dangote net worth at about $45 billion. Aliko Dangote is one of the richest people in the world and a business tycoon from Nigeria.
He founded the Dangote Group and currently serves as its chairman and CEO.
But in this post, we’ll look at Aliko Dangote’s biography, wiki, parents, father, kids, endorsement deals, state of origin, and other relevant information about him.
Let’s dive into Aliko Dangote’s net worth
- Real name: Aliko Dangote
- Nationality: Nigerian
- Date of Birth: 10, April 1957
- State of Origin: Kano state
- Occupation: Business Mogul CEO Dangote group
- Marital status: Divorced
- Wife: Sylvia Nduka (rumoured)
- Net Worth: $20.5 billion
- Instagram: @dangotegroup
Alike Dangote Net Worth and Biography
Dangote was born in 1957 in Kano, Kano State, into an affluent Hausa Muslim family. Mariya Sanusi Dantata, businessman Dangote’s mother, was his eldest child. Mohammed Dangote, Aliko Dangote’s father, was Sanusi Dantata’s business partner.
Dangote is, through his mother, a great-grandson of Alhassan Dantata, who, in 1955, was the wealthiest person in West Africa at the time of his passing.
According to sources, Aliko Dangote attended the Sheikh Ali Kumasi Madrasa before attending Capital High School Kano.
In 1978, he did, however, graduate from Birnin Kudu’s Government College. Later, he proceeded to Egypt for further education, where he was able to get a business degree from Al-Azhar University.
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Aliko Dangote Business Career
Dangote began trading in commodities such as bagged cement and agricultural products such as rice and sugar in 1977, the same year he went to Lagos to launch the firm, thanks to a $500,000 loan from his uncle. The Dangote Group was still a small trade firm at the time.
He suggested that it would be more cost-effective for the Central Bank of Nigeria to use his transport company to run its fleet of staff buses in the 1990s, and the bank approved his suggestion.
The Dangote Group, one of Africa’s largest enterprises today, includes foreign operations in Benin, Ghana, Zambia, and Togo.
The Dangote Group, which began as a trading company, has grown into Nigeria’s largest industrial conglomerate, with companies including the Dangote Sugar Refinery, Dangote Cement, Dangote Flour, and Dangote Pasta.
The Dangote Group’s refinery business supplies the majority (70 per cent of the market) of Nigeria’s soft drink producers, breweries, and confectioners. The company employs about 11,000 people throughout West Africa.
Dangote, on the other hand, addressed the Nigerian Ports Authority in July 2012, requesting permission to lease a vacant block of land in Apapa Port. He later built it there for his flour business. It is the third-largest refinery in the world and the largest in Africa, producing 800,000 tonnes of sugar each year.
The Dangote Group is a significant importer of rice, seafood, pasta, cement, and fertilizer in addition to owning salt and flour mills.
The corporation exports goods to numerous nations, including chocolate, sesame seeds, cashew nuts, ginger, and cotton.
It is also heavily invested in banking, transportation, textiles, oil, and gas.
Furthermore, Dangote stated in February 2022 that the Peugeot assembly factory in Nigeria will be built as a consequence of his collaboration with Peugeot’s parent company, Stellantis Group, and the governments of Kano and Kaduna states.
The introduction of the Peugeot 301, Peugeot 5008, 3008, 508, and Land Trek signified the start of operations at the Dangote Peugeot Automobiles Nigeria Limited (DPAN) facility in Kaduna.
Aliko Dangote Enterprises
Aliko Dangote first started his own cement trading company.
However, when Aliko Dangote established the Dangote Group in 1981, he expanded his business to include rice, sugar, fish, milk, flour, and other products.
He gained experience in manufacturing and was able to forge a career for himself that allowed him to serve the demands of Nigeria’s then-exploding consumer market and expanding population.
In 1999, Dangote expanded his company by acquiring salt and sugar refineries along with wheat mills and a pasta factory. He opened the largest cement plant in Sub-Saharan Africa, Obajana, a year later.
Aliko Dangote Cars
Dangote reportedly has two private jets, according to Aliko Dangote Properties (House and Cars). Each of these Jets is said to have cost $45 million, or 16.3 billion nairas.
Aliko Dangote’s luxury yacht is the height of luxury, in addition to having a private jet. It is estimated that the Yacht will cost around $43 million (N13.2 billion).
There are rumours that Aliko Dangote also has opulent fleets of luxury vehicles.
- Maybach 57S Knight Luxury – ₦364 million
- Mercedes-Benz CL65 AMG – ₦73 million
- Bugatti Veyron – ₦728 million
- Bentley Mulsanne – ₦112 million
Aliko Dangote Net Worth
In 2007, Dangote became the first billionaire in Nigeria. He is currently the richest man in Africa, the richest black man, and the 64th richest man in the world.
The richest individual in Africa is Dangote, who has a net worth of almost $45 billion.