Aliko Dangote net worth 2021: Dangote net worth should be of concern to every business minded person especially in Africa. Aliko Dangote net worth 2021 is $13.6 billion According to Forbes
Aliko Dangote Net worth Profile
Table of Contents
|Net worth||$13.6 billion|
|Full name||Aliko Dangote|
|Date of birth||10 April 1957|
|Occupation||business magnate and philanthropist|
|Known for||Chairman and CEO of Dangote Group|
He is a Nigerian businessman and owner of the Dangote Group a pan-African conglomerate
Aliko Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer.
He owns nearly 85% of publicly-traded Dangote Cement through a holding company.
Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa.
Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.
Dangote Refinery has been under construction for three years and is expected to be one of the world’s largest oil refineries once complete.
Aliko Dangote net worth is $13.6 billion making him the richest man in Africa
He started Dangote Group in 1977 at the age of 21, and later graduated with a degree in Business Studies from Al-Azhar University Cairo.
In 2011, Aliko Dangote was recognized for his contribution to the Nigerian economy when conferred with the Nigerian national award of Grand Commander of the Order of the Niger (GCON), the country’s second highest national honor, after the Grand Commander of the Federal Republic (GCFR) – an award which is only reserved for Nigerian Presidents and Heads of States.
In 2014 he was also named Forbes Africa person of the year for his commitment to investing in Africa. Aliko’s cement business- Dangote Cement- is currently the largest cement producer in Africa, with capacity to produce 45.6 million metric tons annually operating across 10 African countries.
The Group also has interests in Agro-processing/Food and food products (Sugar, Flour, Salt, Pasta, Beverages, Noodles, Tomato paste, etc.) Poly Products, Transportation, Real estate, and Steel.
Aliko Dangote net worth 2021 is $13.6 billion making him the richest man in Africa
He has married four times, and his marriages ended in divorce. He has a total of fifteen children from these marriages
Aliko Dangote net worth
Aliko Dangote net worth 2021 is $13.6 making him the richest man in Africa and one of the richest men in the world. He is by far the most successful African of all time
Dangote is ranked by the Bloomberg Billionaires Index as the 88th-richest person in the world and the richest man in Africa, and peaked on the Forbes list as the 23rd-richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world’s richest person of African descent.
Aliko Dangote Awards
Grand Commander of the Order of the Niger (GCON)
by the former president, Goodluck Jonathan.
Forbes Africa Person of the Year 2014
Most Powerful Man in Africa, 2013, 2014, 2015,2016, 2017, and 2018
Time magazine listed him among its 100 most influential people in the world
The Guardian Man of the Year 2015
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.
He was named co-chair of the US-Africa Business Center, in September 2016, by the US Chamber of Commerce. In April 2017, he joined the board of directors of the Clinton Health Access Initiative. He is also on the board of One Campaign.
Sucess of Dangote Group
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 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.”
Frequently Asked questions about Aliko Dangote net worth
How much money did Aliko Dangote have?
For the tenth time in a row, Aliko Dangote was named the richest man in Africa in 2021, with an estimated net worth of $12.1 billion.
Where did Aliko Dangote come from?
Aliko Dangote is a Hausa Muslim from Kano, Kano State
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