What is Dangote net worth 2020?
Dangote net worth should be of concern to every business minded person especially in Africa.
Dangote net worth 2020 is $10.6 billion According to Forbes
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.
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.
He has married four times, and his marriages ended in divorce. He has a total of fifteen children from these marriages
Dangote net worth
As of January 2020, he had an estimated net worth of US$10 billion
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.