HomeBiographyAliko Dangote biography: the story of the richest man in Africa

Aliko Dangote biography: the story of the richest man in Africa

Aliko Dangote is a well-known Nigerian tycoon who owns a number of multibillion-dollar businesses. He is a business entrepreneur, an investor, and, most significantly, the proprietor of the Dangote Group, a multibillion-dollar conglomerate with interests and operations in multiple countries. He is recognized as Africa’s wealthiest individual.

Aliko appears on Forbes’ Top 100 list of the world’s wealthiest people on a regular basis. In 2013, he reached the top of the list, becoming the world’s 43rd richest person.

How did he achieve such phenomenal success and amass such wealth? Take a look at Aliko’s fascinating biography, which includes information about his achievements and personal life.

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Profile summary

  • Full name: Aliko Dangote
  • Date of birth: 10th April 1957
  • Place of birth: Kano State
  • Age: 64 years (as of 2021)
  • Nationality: Nigerian
  • Ethnicity: Black
  • Height: 5 feet and 8 inches
  • Weight: 69 kg
  • Profession: Businessman
  • Net worth: $11.4 billion

Aliko Dangote biography

Aliko Dangote was born in Kano State, Nigeria, on April 10, 1957, to Mohammed Dangote and Mariya Sanusi Dantata. He is the great-grandson of Alhaji Alhassan Dantata, who was one of the wealthiest people in West Africa when he died in 1955.

Education

Sheikh Ali Kumasi Madrasa was where he acquired his primary schooling. Later, he enrolled at Kano’s Capital High School.

He received his higher education from Al-Azhar University in Kairo, where he studied business studies and administration.

He also holds doctoral degrees from Coventry University and the University of Ibadan, respectively.

Business career

Dangote hails from a wealthy and well-respected Nigerian family. Before he died, his grandfather was one of West Africa’s wealthiest men.

How did Aliko Dangote become so wealthy? Many people who are striving to get on their feet may find his narrative of how he became wealthy to be an encouragement.

He had an interest in business when he was a child when he was still a student. He used to buy candy boxes and sell them to his classmates to make money in elementary school.

He borrowed $3,000 from his uncle when he was 21, according to many reports, with the intention of importing and selling agricultural items in Nigeria. His business was a success within a few months, and he was able to return the loan.

He settled in Lagos and began importing rice and sugar from Brazil and Thailand, which he then marketed in Nigeria. His company grew swiftly and became extremely profitable.

Since then, his firm has expanded significantly, and he now controls the majority of Nigeria’s major corporations. His commercial interests include oil and gas, consumer goods, and manufacturing, among others.

In 1977, the Dangote Group began as a tiny trading company. It is now a multi-trillion-naira corporation with activities in Benin, Ghana, Nigeria, Zambia, and Togo, among others.

This corporation employs over 11 thousand people and is appropriately referred to as the largest industrial conglomerate in Western Africa.

Dangote Cement, of which he controls 85 percent, accounts for the majority of the conglomerate’s revenue. The company, according to Forbes magazine, produces 45.6 million metric tons of cement per year and operates in ten African countries.

Dangote Group began by producing agricultural products such as pasta, flour, and sugar. However, Aliko’s small business piqued the interest of a large number of individuals, who began purchasing Dangote Group goods in large quantities.

Dangote also owns the world’s third-largest sugar refinery, and his publicly traded enterprises account for a fourth of the Nigerian Stock Exchange’s market value.

The sugar market is currently dominated by the company formed by this millionaire. Aliko’s refinery is Africa’s largest and the world’s third-largest. Every year, the Dangote Sugar Refinery produces 800,000 tons of sugar.

He also owns flour mills and salt plants, as well as fish, rice, cement, pasta, and fertilizers importers. Cocoa, cotton, sesame seeds, ginger, and cashew nuts are among the things it exports.

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Personal life

The billionaire is devoted to his family. He was married twice and had a few relationships, but none of them lasted.

He married for the first time when he was only 21 years old. His bride was chosen for him according to Muslim tradition, and they broke up after a short time together.

Later, he married Maria Muhammad Rufai, who was his second wife. Their marriage was likewise short-lived and ended in divorce.

There were reports that he was dating beauty queen Sylvia Nduka after he split up with Maria. This union did not do any better than the others.

Aliko is the proud father of three lovely girls. Halima, Maria, and Fatima Dangote are Aliko Dangote’s three daughters.

The eldest daughter, Halima Bello, graduated from the American Intercontinental University’s marketing department (London). She also holds a Webster Business School diploma (London). Suleiman Sani Bello is Halima’s husband.

Maria is the second daughter who received an excellent education at Coventry University in the United Kingdom. Maria enjoys horses and painting, and she currently works at her father’s company with Halima.

She is promoted to the top positions in the organization. Her father frequently refers to her as a covert agent. She keeps all details about her personal life under wraps.

Fatima is the youngest of Aliko’s daughters. She earned a bachelor’s degree in law from the University of Surrey in the United Kingdom.

Her father’s company had a Cupcake factory, and she was in charge of it. She started working for Dangote Group in 2014 as a special assistant to the managing director of cement.

Fatima was promoted to group corporate strategy specialist within a year. Fatima does not share her ideas or photographs on social media.

All of his daughters work in the family business and hold respectable positions within his company. Abdulrahman Fasasi, Aliko’s adopted son, is also his name. The billionaire is extremely proud of his entire family.

They are well-educated and have graduated from major universities, but little more is known about them. Despite their father’s wealth, they live a relatively simple lifestyle.

Awards and recognition

Here are some of the notable recognitions he has received.

  • He was awarded Nigeria’s second-highest honor, the Grand Commander of the Niger (GCON) Order, by the former president, Goodluck Jonathan.
  • He was named as the “Africa Person of the year 2014” by Forbes.
  • He was listed as the “Most Powerful Man in Africa” for six consecutive years (2013-108).
  • In 2014, he was listed on CNBC’s “Top 25 Businessmen in the World” that changed and shaped the century.
  • TIME Magazine listed him among its “100 Most Influential People in the World” in 2014.
  • In October 2015, he 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.

Net worth

Aliko Dangote’s net worth is presently $11.4 billion, according to Forbes, making him Africa’s richest person in 2021.

Dangote’s personal wealth is largely derived from his 80 percent share in Dangote Cement, which produces 44 million metric tons of cement annually.

Dangote Flour Mills, Nascon Allied Industries, Dangote Sugar, and United Bank for Africa are among his other holdings.

Dangote house

Aliko presently lives in a villa in Abuja. Aliko’s residence is estimated to be worth $30 million. He is said to have resided there for twelve years, and the interior is breathtaking.

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Aliko Dangote cars

Take a look at some of his luxurious car collections.

  • Maybach 57S Knight Luxury
  • Bugatti Veyron
  • Mercedes-Benz CL65 AMG
  • Bentley Mulsanne

Aliko also owns a Bombardier’s Global Express XRS private jet worth $45m. He purchased the private jet on his 53rd birthday, marking a major step in his life.

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