Aliko Dangote: Biography, Networth, family life and achievements

Aliko Dangote: Biography, Networth, family life and achievements

Aliko Dangote: Biography, Networth, family life and achievements

Aliko Dangote: Biography, Networth, family life and achievements

The founder, chairman, and CEO of the Dangote Group, the biggest industrial conglomerate in West Africa, is the Nigerian business tycoon Aliko Dangote. As of January 2023, Dangote’s net worth was assessed at US$13.5 billion by Bloomberg Billionaires Index, making him the richest black person in the world and the richest person in Africa.

Biography

In Kano, Kano State, on April 10, 1957, Dangote was born into a prosperous Hausa Muslim family. Mariya Sanusi Dantata, the mother of Dangote, was the daughter of businessman Sanusi Dantata. Sanusi Dantata’s business partner was Aliko Dangote’s father, Mohammed Dangote. Dangote is the great-grandson of Alhassan Dantata, the richest man in West Africa at the time of his death in 1955, through his mother. Dangote attended the Capital High School in Kano after finishing his education at the Sheikh Ali Kumasi Madrasa. He received his diploma from Birnin Kudu Government College in 1978. He graduated from Al-Azhar University in Cairo with a bachelor’s degree in business studies and administration.

Business Career

In 1977, the same year that Dangote moved to Lagos to grow the business, the Dangote Group was founded as a small trading company. Dangote obtained a loan from his uncle for 500,000 to start trading in commodities, including as bagged cement and agricultural products like rice and sugar. He proposed to the Central Bank of Nigeria in the 1990s that it would be more affordable for the bank to let his transport company operate their fleet of staff buses, and the proposition was also accepted. One of Africa’s biggest businesses today, the Dangote Group has international activities in Benin, Ghana, Zambia, and Togo. The Dangote Business, which now includes the Dangote Sugar Refinery, Dangote Cement, and Dangote Flour divisions, has evolved from being a trade firm to becoming the largest industrial group in Nigeria. The majority (70 percent of the market) of Nigeria’s soft drink producers, breweries, and confectioners are supplied by the Dangote Group’s refinery sector. More than 11,000 individuals are employed by the company across West Africa.

Dangote requested permission from the Nigerian Ports Authority in July 2012 to lease a vacant plot of land at the Apapa Port. Later, he constructed there for his sugar company. With an annual production of 800,000 tonnes of sugar, it is the third largest refinery in the world and the largest in Africa. The Dangote Group is a significant importer of rice, seafood, pasta, cement, and fertilizer in addition to owning salt and flour mills. To a number of nations, the corporation sells cotton, cashew nuts, cocoa, sesame seeds, and ginger. It also has significant investments in banking, transportation, textiles, oil, and gas.

With the help of the Stellantis Group, the parent company of Peugeot, the governments of Kano and Kaduna states, and other partners, Dangote declared in February 2022 that the Peugeot assembly facility would be completed in Nigeria. The launch of the Peugeot 301, Peugeot 5008, 3008, 508, and Land Trek marked the beginning of operations at the Kaduna-based Dangote Peugeot Automobiles Nigeria Limited (DPAN) facility.

Achievements

Aliko Dangote has accomplished a number of commendable tasks if he has been able to maintain his title as the richest person in Africa for ten years. How has one individual been able to constantly keep the post for the past ten years? The questions mentioned above are ones that many individuals have, and they are valid ones. Alhaji Aliko Dangote accomplished this milestone solely via his own personal and professional choices and activities throughout the years.

  • Dangote made significant investments in 2011 to build a cement plant totaling $400 million and to raise its stake in Sephaku Cement (Pty) Limited, a South African company, from 19.76% to 64% with a R779 million investment. The greatest foreign direct investment (FDI) made by an African company in South Africa at the time was his investment in the cement company there.
  • In 2012, Dangote Cement relocated to Southwest Nigeria to build the largest cement facility in Africa.
  • Dangote made an effort to seize control of the sugar industry when the Dangote Sugar Refinery revealed plans to buy a 95% equity position in Savannah Sugar Company limited, SSC, in February 2013.
  • In order to establish mills for Dangote Cement Plc, Aliko Dangote inked a massive contract with Chinese state-owned engineering firm SINOMA in 2015. Seven plants were to be built throughout the continent and one in Nepal as part of the $4.3 billion (£2.8 billion) agreement. The millionaire had done the math and anticipated that the new factories would expand the company’s production capacity by as much as 25 million metric tonnes, so it wasn’t just another way to squander money.
  • Dangote Cement completed 2014 with new lines in Nigeria, factories opening in Senegal and South Africa, and additional plants in Cameroon and Zambia thanks to significant investments made over the years. By the end of the year, output capacity had climbed from slightly under 21 million tonnes in January to more than 34 million tonnes.
  • One of Aliko Dangote’s most endearing inventions is still the Dangote Foundation. It has a $1.25 billion yearly endowment and is the biggest foundation in Africa. The foundation has given millions to boost dietary intake, health, educational attainment, and economic empowerment in Nigeria. It describes itself as “locally focused, but globally-minded.”
  • The Dangote Group experienced a significant year in 2018. Aliko Dangote performed the groundbreaking ceremony for the development of a rice processing factory in Jigawa, which marked the conclusion of a chain of activities that began a few years earlier.
  • The refinery plans that had long been in motion needed to be consolidated in 2019, which was the year. The arrival of the specially designed facility, which Dangote had since demanded to be made, was the culmination of it all. The facility, which was constructed by Sinopec, China’s largest energy and chemical business, has since been installed at the Dangote refinery and has been dubbed the largest in the world.
Aliko Dangote: Biography, Networth, family life and achievements

Aliko Dangote: Biography, Networth, family life and achievements

 

Read Also: Bola Ahmed Tinubu’s Biography, Net worth and Presidential Ambition

 

Personal life

Dangote resides in Lagos, Nigeria. He has two divorces from previous marriages. He has Mariya, Halima, and Fatimah as his three daughters. Sani Dangote, Aliko’s brother, passed away from colon cancer on November 14, 2021. Dangote is renowned for leading a modest, austere life. He is said to labor 12 hours a day, starting at 5 a.m., and visits the gym six times a week.

Net Worth

Aliko Dangote, a well-known Nigerian business tycoon, is worth US$13.5 billion. His relatively new fertilizer plant and cement production company are the sources of his fortune. He has a strong commitment to supporting the neighborhood. He backs a number of charitable projects.

Awards and recognition

  • The Grand Commander of the Order of the Niger (GCON), Nigeria’s second-highest honor, was given to Dangote by the previous president, Goodluck Jonathan.
  • The 2014 Forbes Africa Person of the Year award went to Dangote.
  • He was ranked as the “Most Powerful Man in Africa” for six years in a row, from 2013, 2014, 2015, 2016, 2017, and 2018.
  • In 2014, he was listed CNBC’s “Top 25 Businessmen in the World” who changed and shaped the century.
  • In April 2014, he was listed among 100 most influential people in the world.
  • In October 2015, Dangote was listed among “50 Most Influential Individuals in the World” by Bloomberg Markets.
  • He won “The Guardian Man of the Year 2015”.
  • He won the “2016 African Business Leader Award”, organized by the Africa-America Institute (AAI).
  • Dangote was cited as one of the top 100 most influential Africans by New African magazine in 2015, 2017, 2018 and 2019.

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine-tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write a business plan and help with fundraising strategies and Grant applications. We can help you start, grow, and expand your business.

We help institutions and organizations write concepts, implement Business plans, and train on business Plan writing in Nigeria.

We can help you write a detailed, bankable and comprehensive business plan for your business idea.

Call any of our business plan consultants on 08105636015, 08076359735, and 08113205312.

Or send a WhatsApp message or email us either at dayohub@gmail.com or info@dayoadetiloye.com.

 

 

Enter your name and email and get the weekly newsletter.. Joining is FREE!

Dayo Adetiloye Logo

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

GI Vital Soft Gel

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Twitter

Share this:

LinkedIn
Facebook
Twitter
Email

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Copyright 2023 All rights reserved