In 1978, he graduated from the Government College, Birnin Kudu. He received a bachelor's degree in business studies and administration from Al-Azhar University, Cairo.
Where did Aliko Dangote go to college?
This led on to Dangote enrolling in Al-Azhar University in Cairo, Egypt to study business. Once Aliko Dangote graduated from university he returned to Nigeria, aiming to start his own business aged just 21. Dangote succeeded in starting his own business, the Dangote Group, and has expanded it massively over the 35 years it’s been operating.
Where is Dangote based in Africa?
Based in Lagos, Nigeria, the Dangote Group operates in a variety of other countries across the continent, including Benin, Cameroon, Ghana, South Africa, Togo, and Zambia.
What does Dangote do for a living?
Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertiliser. 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.
How many tons of sugar does Dangote manufacture a year?
It is estimated that about 8,00,000 tonnes of sugar are manufactured annually by the ‘Dangote Group.’ Aliko has invested a fortune in the group’s ‘National Salt Company of Nigeria’ and has his own salt-manufacturing units in the country.
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Does Dangote have a degree?
Al-Azhar UniversityGovernment College, Birnin KuduAliko Dangote/Education
When did Dangote graduate from university?
Early Life and Education At age 21, Dangote graduated from Egypt's Al-Azhar University, considered one of Islam's most prestigious universities.
How did Dangote start his career?
His First Business In 1977, at age 21 Dangote felt it was the right time to be his own man and start his own business. He approached his uncle, Sanusi Abdulkadir Dantata for a loan. His uncle eventually gave him a loan of N500, 000 ( about $3000 in today's value).
What was Dangote first business?
Using a $500,000 loan from his uncle, Dangote began trading in commodities such as bagged cement and agricultural goods like rice and sugar. These business ventures became so successful that he was able to repay his uncle within three months of starting the operation.
Who is richer than Dangote in Nigeria?
According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion), Femi Otedola (net worth US$1.85 billion), Folorunsho Alakija (net worth US$1.55 billion), Abdul Samad Rabiu (net worth $1.1 billion).
Which tribe is the richest in Nigeria 2021?
Yoruba Tribe. Yoruba is the richest tribe in Nigeria in all of the tribes. Yoruba is probably the largest ethnic group that is in the African subcontinent. Most Yoruba people are found in South-Western Nigeria, the Southern Benin region, and North Central.
What number is Dangote in the world?
Aliko Dangote who remains Africa's richest man in Africa is the first African on the list at No. 130, ranking the Dangote Group Chairman so for the 11th successive time. His total earnings of $14 billion place him so.
How did Dangote earn his money?
13.9 billion USD (2022)Aliko Dangote / Net worth
Is Dangote richer than Ronaldo?
Dangote is estimated to have a net worth of 9.8 billion USD in 2020 while Cristiano Ronaldo has a net worth of $460 Million also in 2020.
How much does Dangote pay his workers?
Averagely, as a worker in Dangote group, you would earn about 250,000 NGN per month which makes up to 3,000,000 NGN per year.
How many countries is Dangote?
Dangote Cement is Africa's leading cement producer with operations in 10 African countries, and revenues in excess of US$2.5 billion. We are a fully integrated quarry-to-customer producer with production capacity of up to 48.6 million tonnes per annum (Mta) across Africa as at 2020.
What does Dangote mean in Nigeria?
A submission from Nigeria says the name Dangote means "Famous,hardworking and wealthy". A submission from Nigeria says the name Dangote means "Culture (Sir Phil from Kaduna State of Nigeria)" and is of Nigerian origin.
What sector does Dangote work in?
In the late 2000s, Dangote also started working in the telecommunications sector. The group has already started building a 14,000-kilometer fiber-optic cable network to cater to the entire country.
What is Dangote's business?
The company also invests in real estate, oil, gas, and transport. It is also the largest business conglomerate in the entire western African region. In the late 2000s, Dangote also started working in the telecommunications sector.
What did Dangote do to get permission to own land?
His entry into the cement-manufacturing industry further increased his fortunes. Dangote approached the ‘Nigerian Ports Authority’ in 2012 to seek permission to own an abandoned piece of land. Once his request was approved, Aliko built his own flour-manufacturing facilities.
How many times has Aliko Dangote been married?
Aliko Dangote’s personal life has been a matter for curiosity for a very long time. He is known to have married four times. He has fathered 15 children from all his marriages. Dangote presently lives in Lagos, Nigeria, with his fourth wife and three children.
Where was Aliko Dangote born?
Childhood & Early Life. Aliko Dangote was born in an affluent business family in Kano state, Nigeria on April 10, 1957. Born into a rich family, he was exposed to a wealthy lifestyle. His family business, then chaired by his grandfather, Sanusi Dantata, was at its profitable best during Aiko’s childhood.
Why was the Dangote Foundation established?
The ‘Dangote Foundation’ was established to give shape to the philanthropic endeavors of the company. Millions of dollars are spent by the foundation, each year, for the betterment of the education and the healthcare system in the country.
Who is Aliko Dangote?
Aliko Dangote is a politically aware man. He is an avid supporter of Olusegun Obasanjo, the politician, and is said to have donated about US$ 1,000,000 for his re-election campaign in 2003. He further donated US$ 25,000 to the ‘National Mosque’ and contributed US$ 1,000,000 to the ‘Presidential Library.’ However, his large contributions to the ruling ‘PDP’ party have raised several questions about his political motivations from time to time.
What is Dangote's role in Nigeria?
As a result, Dangote was honoured in January 2009 as the leading provider of employment in the Nigerian construction industry.
Where does Dangote live?
Dangote lives in Lagos, Nigeria. He has been married and divorced twice. He has three daughters – Mariya, Halima, Fatimah – and one adopted son Abdulrahman Fasasi. He is also an avid enthusiast of Arsenal F.C. in England and has shown interest in buying it.
How much money did Dangote give to Obasanjo?
Dangote had a prominent role in the funding of Olusegun Obasanjo 's re-election bid in 2003, to which he gave over N200 million (US$2 million). He contributed N50 million (US$500 thousand) to the National Mosque under the aegis of "Friends of Obasanjo and Atiku". He contributed N200 million to the Presidential Library.
What is Dangote Group?
Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertiliser. 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.
Where is Dangote Group located?
Nigeria. The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company. Today, it is a multi trillion- naira conglomerate with many of its operations in Benin, Ghana, Nigeria, Zambia and Togo.
Who is Aliko Dangote?
Family. Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on 10 April 1957 into a wealthy Muslim family of the Nigerian bourgeoisie, 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.
Who is Dangote on the board of the Corporate Council?
Dangote sits on the board of the Corporate Council on Africa, and is a member of the steering committee of the United Nations Secretary-General's Global Education First Initiative , the Clinton Global Initiative and the International Business Council of the World Economic Forum.
What is Dangote Group?
The Dangote Group is now a multinational industrial conglomerate, dealing in various commodities, that has earned its owner billions of dollars.
How many people does Dangote employ?
The company employs over 21,000 people and operates in a very diverse range of sectors, including cement, sugar (of which Dangote holds 70% of the Nigerian market), pasta, beverages, and flour. Not to mention the fact that it generates over $2 billion USD annually.
How much money did Aliko Dangote donate to the World Food Programme?
There was also a donation of £2 million USD made by the foundation to the World Food Programme, to aid Pakistan after the horrendous floods of 2010. But Aliko Dangote isn’t stopping there in his philanthropic efforts; he is set to donate $1.2 billion USD to the foundation from his own personal fortune.
What is Aliko Dangote doing?
Aliko Dangote’s latest exploits involve him taking the Dangote Group into the telecommunications industry. He has started testing the waters by plunging head first into them, and has already begun building fibre optic cables that will accommodate the entirety of Nigeria.
How much money has Dangote donated to Nigeria?
To back up these statements, The Dangote Foundation has donated 1 billion Naira to Nigerian universities; half of this went on the development of a business school in Bayero University. The Dangote Foundation is also in partnership with the Bill and Melinda Gates Foundation in an effort to eliminate Polio in Nigeria.
Where did Aliko Dangote grow up?
Aliko Dangote capitalized upon his fairly privileged (in comparison to most Nigerians) Muslim upbringing in Kano, Nigeria (the largest city in northern Nigeria) to construct a gigantic business empire that spans the whole of Africa.
What is Dangote's business plan?
One anonymous source states that Dangote’s overall business plan is simple: He finds a suitable market he can dominate, enters the market, and then proceeds to crush the competition through pricing wars, all whilst leveraging the fact that the market is poorly regulated.
Who is Aliko Dangote?
Aliko Dangote is a famous Nigerian tycoon who owns various businesses worth billions. He is a business magnate, investor, and most importantly, the owner of a mega-successful conglomerate, Dangote Group, that has interest commodities and operations in several countries. He is regarded as the wealthiest person in Africa.
How much of Dangote cement does the company own?
Dangote Cement makes up most of the conglomerate's revenue, of which he owns 85%. According to Forbes magazine, the subsidiary produces 45.6 million metric tons of cement every year and operates in 10 African countries. At first, Dangote Group was producing some agricultural goods and pasta, flour, and sugar.
How much is Aliko Dangote worth?
According to Forbes, Aliko Dangote net worth is currently at $11.4 billion, making him the richest person in Africa in 2021. Most of the money that makes the net worth of Dangote comes from 80% stake at Dangote Cement, which produces 44 million metric tons of cement annually.
What is Odunlade Adekola's history?
Odunlade Adekola's history: most interesting facts to know. More than 11 thousand people are employed in this company, and it is rightfully called the biggest industrial conglomerate in the western part of Africa. Dangote Cement makes up most of the conglomerate's revenue, of which he owns 85%.
How many years did Dangote spend in school?
If Dangote had spent his first 32 years in school, he may not be the richest African today. That`s not to downgrade those who spend that much in school, but to point out a lesson… don`t be deceived by what the society and people around you think is right for you.
How did Aliko Dangote start?
Aliko Dangote started by selling sweets. Sweet s. It doesn`t really matter how you start. The only thing that matters is your willingness to pay the price, fight hard and stay focus. Today, you know of Dangote Cement, Dangote sugar, Dangote salt, Dangote everything. Remember that guy started by selling sweets.
Is Aliko Deingote a politician?
Aliko Deingote is a politician, but he won`t tell you. Yes, he is. He is a politician, but he will never tell you that. Actually in some way, most business people in the world get involve with politics, but usually silently (except you`re Donald Trump or Jimon Ibrahim, you know).
Is Dangote a slave?
Dangote works like slave. To many people, the idea of being extremely rich is the idea of waking up each day to spend many hours before television, in parties or golf courts. That`s not true. Richest people in the world are working like mad.
Did Dangote go to school?
Mr. Dangote later attended a university to study business, but you can be sure it`s not a “normal” school as you and I went. Education is very important, but school is not. You cannot achieve anything worthwhile without education, but you can achieve anything in the world without school.
Is Aliko Dangote lucky?
Yes, God and nature doesn`t distribute “luck” equally.
Does Dangote invest in Nigeria?
“Nothing can help Nigeria than for Nigerians to bring their money back here”. That`s Dangote talking. He has option of investing much of his money in Nigeria, but he loves Nigeria so he stays here.
Where is Dangote Group located?
Today, The Dangote Group is the largest conglomerate in West Africa.
What did Aliko Dangote make his fortune from?
He made a bulk of his fortune from groundnuts, oats, and rice. Following the death of his father, Aliko Dangote’s grandfather took him in and became his defacto guardian. Living with his grand father exposed him to the different rudiments of entrepreneurship.
How much did Aliko Dangote get from his father?
After his graduation from Al-Azhar University in Egypt, in 1977, Aliko Dangote at age 21, got a loan of 500,000 Naira ($2,500) from his grand father to start a trade in commodities, to be repaid within three years. At that time, 500,000 Naira could buy one hundred Mercedes Benz in Nigeria.
Where was Aliko Dangote born?
Aliko Dangote was born in 1957 to a business oriented household in Kano State, Nigeria. Unlike many other self-made billionaires, Aliko Dangote was born with a silver spoon. His grand father, Sanusi Dantata, was one of the wealthiest men in West Africa at the time.
Did Aliko Dangote take his company public?
Following the success of all his multiple investments, Aliko Dangote took many of his companies public. Before this, he stated that his company, The Dangote Group, always reinvested everything it made, back into the business, than storing up money in the bank like many other companies do.
What degree does Aliko Dangote have?
He has a Bachelor’s Degree in Business and Administration from Al- Azhar University, Cairo. Aliko Dangote is a muslim who is devoted to both his religion and family.
What is Aliko Dangote's philosophy?
Aliko Dangote’s Principles. Aliko Dangote believe in re-investing the company’s profit back into the business. This principle has in no doubt contributed to the growth rate and diversification of Dangote group of companies over the years. He also believes in Nigeria and encourages Nigerians in diaspora to invest back home.
How much money did Aliko Dangote donate to the National Mosque?
N50 million donation to the National Mosque. N200 million donation to the Presidential Library. $750,000 to halt the spread of ebola in 2014. $100 million to the fight against child malnutrition in Nigeria in 2017. In 2018, Aliko Dangote built homes worth $5.6million for internally displaced persons in Borno State.
What is the Aliko Dangote Foundation?
Through Aliko Dangote Foundation, the company and Dangote give back to society. The Foundation’s main objective is to reduce the number of lives lost in diseases due to malnutrition. They achieve their objectives by leveraging Aliko ...
How much did Dangote borrow from his uncle?
Dangote borrowed N500,000 from his uncle with an agreement to repay the loan in 3month. With the loan, he started importation of Rice from Thailand and Sugar from Brazil. Due to his hard work and strong business ethics, he realized over $10,000 daily as net profit and was able to repay the loan before the due date.
What is the AG in South Africa?
AG is one of the largest infrastructure conglomerates in South Africa.
Where is Dangote Sugar Refinery?
Today, the company has a sugar producing refinery known as Dangote Sugar Refinery Plc in Apapa, Lagos State. Dangote Sugar grades in 50kg, 1kg, 500g & 200g packages.
Overview
Aliko Dangote GCON (born 10 April 1957) is a Nigerian billionaire business magnate. Dangote is the founder and current chairman and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. According to Forbes and Bloomberg Billionaires Index, Dangote's net worth is estimated at around US$20.2 billion as of June 2022, making him the richest person in all of Africa, r…
Early life
Dangote was born in Kano, Kano State into a wealthy Hausa Muslim family. Dangote's mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata. Aliko Dangote's father, Mohammed Dangote, was a business associate of Sanusi Dantata. Through his mother, Dangote 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 C…
Dangote was born in Kano, Kano State into a wealthy Hausa Muslim family. Dangote's mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata. Aliko Dangote's father, Mohammed Dangote, was a business associate of Sanusi Dantata. Through his mother, Dangote 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…
Business career
The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company. Dangote received a $500,000 loan from his uncle to begin trading in commodities including bagged cement as well as agricultural goods like rice and sugar. In the 1990s, he approached the Central Bank of Nigeria with the idea that it would be cheaper f…
Political activity
Dangote had a prominent role in the financing of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 million (US$2 million). He contributed N50 million (US$500 thousand) to the National Mosque under the aegis of "Friends of Obasanjo and Atiku". Dangote also contributed N200 million to the Presidential Library. These highly controversial gifts to members of the ruling PDP party have generated significant concerns despite highly publicized a…
Other activities
In 2014, the Nigerian government said Dangote had donated 150 million naira (US$750,000) to halt the spread of Ebola. In 2016, Dangote pledged $10 million to support Nigerians affected by the Boko Haram insurgency. In March 2020, he donated 200 million naira (US$500,000) towards the fight against the spread of COVID-19 in Nigeria.
Dangote has worked alongside the Bill & Melinda Gates Foundation on public health issues.
Personal life
Dangote lives in Lagos, Nigeria. He has been married and divorced twice. He has three daughters – Mariya, Halima, Fatimah – and one adopted son Abdulrahman Fasasi. Aliko's brother, Sani Dangote, died on 14 November 2021 after battling colon cancer.
Dangote is known for his simple and austere lifestyle: He reportedly works 12 hour days beginning at 5 AM and goes to the gym six times a week.
Awards and memberships
• Dangote was awarded Nigeria's second-highest honour, the Grand Commander of the Order of the Niger (GCON) by the former president, Goodluck Jonathan.
• Dangote was named as the Forbes Africa Person of the Year 2014.
• For six consecutive years, 2013, 2014, 2015, 2016, 2017, and 2018 Forbes listed him as the "Most Powerful Man in Africa".
See also
• Dantata family
• List of Nigerians
• List of Hausa people
• List of Black billionaires
• List of Africans by net worth
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