What is Aliko Dangote Net Worth? According to this website Aliko Dangote net worth is estimated at around $20.5 billion Us Dollars (Over 8 trillion in Naira) Aliko Dangote is among the Nigeria Billionaire’s and Business mogul and also the 64th richest man in the world, Dangote is the founder and current chairman and CEO of Dangote group.
However in this article we are reviewing Aliko Dangote Bio, Wikipedia, Parents, Father, Children, Endorsement deals, State Of Origin, Height, Net Worth, House and Cars, Phone Number, Contact, Marriage, Wife/Spouse, Education career, Social Media Account, Controversies.
Let dive into Aliko Dangote net worth
|Net worth||$20.5 billion|
||Entrepreneur & Investment|
Aliko Dangote Nigerian Billionaire’s and Business mogul, Dangote is the founder and current chairman and CEO of Dangote group.
Dangote group is the largest industrial conglomerate in West Africa.
Aliko Dangote Biography
Aliko Dangote is famous to be Africa’s richest person, richest black person and the 64th richest person in the world, Was born in Kano, Kano Nigeria, in 1957. Dangote’s mother is Mariya Sanusi Dantata, the daughter of business mogul Sanusi Dantata.
Dangote’s father Mohammed Dangote was also business mogul and entrepreneur, associated with Sanusi Dantata who is the father of Mariya Dantata.
Aliko Dangote 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.
Aliko Dangote 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 for the bank to allow his transport company to manage their fleet of staff buses, a proposal that was also approved.
Today, the Dangote Group is one of the largest conglomerates in Africa, with international operations in Benin, Ghana, Zambia and Togo. The Dangote Group has moved from being a trading company to be the largest industrial group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour and Dangote Pasta.
Dangote Group dominates the sugar market in Nigeria, with its refinery business is the main supplier (70 percent of the market) to the country’s soft drink companies, breweries and confectioners. The company employs more than 11,000 people in West Africa.
However, 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. It is the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually.
The 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. Additionally, it has major investments in real estate, banking, transport, textiles, oil, and gas.
More so, In February 2022, Dangote announced the completion of Peugeot assembling facility in Nigeria following his partnership with Stellantis Group, the parent company of Peugeot, the Kano and Kaduna state government. The new automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) factory which is based in Kaduna commenced operations with the roll-out of Peugeot 301, Peugeot 5008, 3008, 508 and Land Trek.
Aliko Dangote Educational Background
Aliko Dangote was said to obtained his primary education at the Sheikh Ali Kumasi Madrasa, and then proceeded to Capital High School Kano.
However, He graduated in 1978 from the Government College, Birnin Kudu. He later proceed to Egypt for his higher education fortunately he was able to graduated from Al-Azhar University in Egypt where he studied Business.
Aliko Dangote Profile
- Real name: Aliko Dangote
- Nationality: Nigerian
- Date of Birth: 10, April, 1957
- State of Origin: Kano state
- Occupation: Business Mogul CEO Dangote group
- Marital status: Divorced
- Wife: Sylvia Nduka (rumored)
- Net Worth: $20.5 billion
Aliko Dangote Awards and Membership (s)
- Dangote was awarded Nigeria’s second-highest honor, 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.
- However, For six consecutive years, 2013, 2014, 2015, 2016, 2017, and 2018 Forbes listed him as the “Most Powerful Man in Africa”.
- In 2014, he was listed CNBC’s “Top 25 Businessmen in the World” who 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”, 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.
Aliko Dangote Social Media Handles
Dangote group CEO, Aliko Dangote has gained followers on social media and can boast of a huge fan base.
Most especially on his Instagram page where he has over 293K followers followers
you can follow him on his social media platform via:
Instagram handles: @aliko_dangotegcon, dangotegroup
Aliko Dangote Properties (House and Cars)
Dangote is said to own two private Jet It’s reported that each of this Jet cost $45 million, which translates to 16.3 billion naira.
Aside from owning a private jet, Aliko Dangote’s luxury yacht is nothing but luxury at its best. The Yacht is believed to cost about $43 millIon (N13.2 billion).
Aliko Dangote is said to also own luxurious fleets of expensive cars.
- Maybach 57S Knight Luxury – ₦364 million
- Mercedes-Benz CL65 AMG – ₦73 million
- Bugatti Veyron – ₦728 million
- Bentley Mulsanne – ₦112 million
Aliko Dangote Business
Initially, Aliko Dangote established his own cement trading business.
However, Aliko Dangote formed the Dangote Group in 1981, Dangote enlarged his operation to include sugar, fish, milk, flour, rice, etc.
He got grounded in manufacturing and was able to create an opportunity for himself to meet the needs of the consumers within the then fast booming Nigeria economy and her increasing population. Dangote later added salt and sugar refineries with flour mills and a pasta factory to his conglomerate in 1999. A year later he commissioned the Obajana cement plant, the largest in Sub-Saharan Africa.
Aliko Dangote Marital Status
The richest man of Africa always keeps his private life outside the media but it was reported that Dangote was married twice and also divorced twice, His Parent chose a wife for him at the early age of 20s, and Sometime later, he fell in love with a friend of his daughters Nafisat Yar’auda (daughter of Umaru Musa Yar’auda – our late president) but the girl said “no” to the marriage proposal.
However, Later it was rumored he secretly got married to ex Beauty Queen of Nigeria 2013 Sylvia Nduka.
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Aliko Dangote Net Worth
Dangote became Nigeria’s first billionaire in 2007, Currently he is Africa’s richest person, richest black person and the 64th richest person in the world.
Dangote is the wealthiest person in Africa, with a net worth of around $20.5 billion.
Aliko Dangote net worth in Naira: is about ₦8,308,000,000,00 as of 2022.