By | April 20, 2021

Who Is The Richest Man in Nigeria 2021 ? Aliko Dangote

The Richest Man in Nigeria – Aliko Dangote as the Richest Man in Nigeria is a Nigerian billionaire business magnate and philanthropist. He is the wealthiest person in Africa, with an estimated net worth of US$13.5 billion

Aliko Dangote Biography

Aliko Dangote GCON was born on 10 April 1957 at Kano, Northern Nigeria. Dangote grew up in an entrepreneurial household in Kano State, Nigeria.

He was raised Muslim and lived an upper-class life. Dangote’s grandfather, Sanusi Dantata, was once named one of the wealthiest people living in Kano. He made his fortune selling commodities like oats and rice. Dantata became Dangote’s guardian in 1965 after the death of his father.

Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. On his early life, he has said:

“I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time.”

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.

Before Getting to Know more about Aliko Dangote lets look at what most people ask about this great man.

How many wives does Aliko Dangote have ? Two wives

The three girls Halima Dangote, Mariya Dangote, and Fatima Dangote are his biological children from his two wives. Mr Aliko Dangote has a secret family, a hidden family with up to two children.

Who is Aliko Dangote wife? Mariya A D Muhammad Rufai

Dangote got married to Mariya A D Muhammad Rufai, who is the daughter of Commissioner for Women Affairs and Human Services in Bauchi state.

When did Aliko Dangote became a billionaire?

Aliko Dangote GCON (born 10 April 1957) is a Nigerian billionaire business magnate and philanthropist. He is the wealthiest person in Africa, with an estimated net worth of US$13.5 billion (July 2020).

The Richest Man in Nigeria Business career Life

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. Dangote has expanded to cover food processing, cement manufacturing, and freight. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners. The Dangote Group has moved from being a trading company to be the largest industrial group in Nigeria including Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.

In July 2012, Dangote approached the Nigerian Ports Authority to lease an abandoned piece of land at the Apapa Port, which was approved. He later built facilities for his flour company there. In the 1990s, he approached the Central Bank of Nigeria with the idea that it would be cheaper for the bank to allow his transport company to manage their fleet of staff buses, a proposal that was also approved.

He also donated money to the Nigeria sport ministry to renovate the national stadium, Abuja.

In Nigeria today, Dangote Group with its dominance in the sugar market and refinery business is the main supplier (70 percent of the market) to the country’s soft drinks companies, breweries and confectioners. It is the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. 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. The company employs more than 11,000 people and is the largest industrial conglomerate in West Africa.

Dangote has diversified into telecommunications and has started building 14,000 kilometres of fibre optic cables to supply the whole of Nigeria. As a result, Dangote was honoured in January 2009 as the leading provider of employment in the Nigerian construction industry.

He has said, “Let me tell you this and I want to really emphasise it nothing is going to help Nigeria like Nigerians bringing back their money. If you give me $5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work.

Other activities

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. These highly controversial gifts to members of the ruling PDP party have generated significant concerns despite highly publicized anti-corruption drives during Obasanjo’s second term.

Dangote reportedly added $9.2 billion to his personal wealth in 2013, according to the Bloomberg Index, making him the thirtieth-richest person in the world at the time, in addition to being the richest person in Africa.

In 2014, the Nigerian government said Dangote had donated 150 million naira (US$750,000) to halt the spread of Ebola. In March 2020, he donated 200 million naira (US$500,000) towards the fight against the spread of COVID-19 in Nigeria.

Aliko Dangote, as well as Femi Otedola, promised to give the Super Eagles of Nigeria US$75,000 for every goal scored in the Africans Cup of Nations (AFCON) 2019.

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 2018Forbes listed him as the ‘Most Powerful Man in Africa’.

In 2014, he was listed CNBC’s ‘Top 25 Businessmen in the World’ that changed and shaped the century.

In April 2014, TIME Magazine listed him among its 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,’ organised 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

Aliko Dangote Net Worth 2021

Aliko Dangote is currently the richest men in Nigeria, with an estimated net worth of 11.5 billion USD .

Aliko Dangote Marriage 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.

Where is Aliko Dangote now?

Dangote lives in Lagos, Nigeria.

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