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Who is Aliko Dangote

Who is Aliko Dangote

Dangote is a businessman from Nigeria that is currently ranked the 191st richest person in the world and the richest man in Africa, with an estimated net worth of 13.9 billion USD in Feb 2022.

Aliko Dangote was born on the 10th of April 1957 and is currently 64yrs now. He had his education at Capital high school, Kano. He had his University education at Al-Azhar University, Cairo.

Not only that, but he is the founder, president, and chairman of the Dangote group. Born into a rich Muslim family and the great-grandson of Alhaji Alhassan Dantata; the richest west African at the time of his death in 1955.

How Dangote Made His Money

Dangote Money

In 1977, Dangote started the Dangote group as a small trading firm and relocated to Lagos to expand the company later, and today, the company is leading and dealing largely in flour, sugar, cement, real estate, steel, and telecommunications.

With the latest addition being the Dangote refinery. The first Nigerian-private-owned refinery with a capacity of 650,000 barrels per day. It is in line to become Africa’s largest refinery once completed in 2022.

Little Beginning

While in primary school, he bought some cartons of sweets (candies) and sold them just to make money.

His interest in business and wealth creation started from childhood, and today he is a big name in the financial industry.

At the age of 21, the business mogul borrowed $3,000 from his uncle to import and sell Agricultural commodities in Nigeria, his native country, and he paid back the loan after 3 months.

As an entrepreneur, Dangote had to start selling the products he imported which were pasta, sugar, flour, salt, and he made a daily net worth of $10,000 and that was how he was able to pay back his loan.

Dangote Wives and Family

Aliko Dangote, despite his wealth and fame, has not been so lucky with women. With a whopping 4 divorces and 15 children, he is no doubt unlucky with marriages and women.

Several attempts at finding true love have also proved abortive.

Dangote has also recently suffered a controversy following his relationship with an American girl, Bea Lewis (instagram name)

What is Dangote’s Net worth

Dangote as of January 2022 was worth US$14.1 billion and is currently the 117th richest person in the world as well as the richest man in Africa, according to Forbes Magazine.

Cars and properties

Dangote has been a man that controls so much wealth, it is no surprise that his car collections consist of some of the most expensive in the world.

His toys as he fondly Calls them are no doubt the best and most expensive in the world. They include:

1. Bently Mulseanne – (112million)

2. Maybach 575 knight knight luxury – (364million)

3. Mercedes Benz C165 Ama – 80million

4. Bugatti Veyron – 728milion

5. His private jet “Bombadier global express(XRS) worth over $45million.

He has other cars, lorries and trailers which he uses to distribute his products to various states in the country.

His Houses

Dangote Houses
All of his Houses are said to be in Nigeria, with the most popular being the $30million Abuja mansion. It is expensively furnished, and his bedroom is looking more expensive than a hotel room.

Rumor has it that he owns other houses in the United Kingdom and other countries of the world.

Who is Dangote?

Dangote is the richest Nigerian and also listed by Forbes as the 66th most powerful man on earth, Feb 2022.

His wealth status is notably among the top in the continent. He is living the dream of every young and enterprising Nigerian. Dangote is a great source of inspiration to every entrepreneur in Nigeria and Africa at large.

So much can be learned from his business skills.

His business tentacles are spread all over Nigeria and several African countries like Ghana, Togo, Ivory Coast, etc.

Through thick and thin, Dangote worked and sacrificed a lot to be where he is now, despite the fact that his fortune was not a rag to riches story.

He is a huge motivation to every Nigerian with a dream and focus.

Comment ( 1 )

  1. So you think Dangote is richer than Bola Tinubu? Lol.

    Forbe list na wash, the richest people in Africa are politicians, while forbe focus on percentage of shares, this politician are getting away with too much money.

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