Aliko Dangote has an estimated net worth of $20.8 billion
Aliko Dangote is a Nigerian business magnate with an estimated net worth of $20.8 billion. Alhaji Aliko Dangote was born on April 10, 1957 in Kano, Nigeria into a wealthy Muslim family. From an early age Dangote had dreams of becoming a businessman. In primary school he would buy boxes of candy and sell them at school for a profit. He loved the idea of making money. He went on to study business at Al-Azhar University in Cairo, Egypt. After college, he returned to Nigeria to become an entrepreneur. His uncle loaned him ₦ 500,000 (Naira) to start his own business at the age of 21.
Dangote established The Dangote Group, a small trading firm in 1977. Dangote’s business has grown to become a multi-trillion Naira conglomerate. The company operates in several African nations including Benin, Cameroon, Togo, Ghana, South Africa, and Zambia. The Dangote Group’s portfolio includes covered food processing, cement manufacturing, sugar manufacturing, and freight.
The Dangote Group dominates Nigeria’s sugar industry (70%) and is a major supplier to Nigerian soft drink companies, breweries, and confectioners. His sugar refinery is the largest in Africa and the third largest in the world. The Dangote Group, which was originally a small trading firm has grown to become the largest industrial group in Nigeria, some of which include, Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.
In 2009 Aliko Dangote was honored for being the leading provider of Nigerian employment in the construction industry. He is currently the richest man in Africa.
Aliko Dangote is also noted for his philanthropy. He has given $100 million of his fortune away to charity in recent years. He supports causes for flood relief, healthcare, and the war on poverty.
Aliko Dangote has enough net worth to buy:
1. 503,022.9 BMW i3 Sedans ($41,350 each)
2. 182,136.6 Mercedes Benz G-Class SUVs ($114,200 each)
3. 4,000,000 J. Mendel Asymmetric Twist Front Strapless Gowns ($5,200 each)
Aliko Dangote has enough net worth to give everyone in China $15.27
