NET WORTH
How Aliko Dangote Became The Richest Man in Africa
Aliko Dangote was named the richest man in Africa for the ninth time in a row since 2013. He owns the largest conglomerate in west Africa. Dangote owns about 70 % of the sugar refinery industry in Nigeria.
The Dangote Group also owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertilizer. He is indeed a man every African entrepreneurs looks up to?
But how did Aliko Dangote become the richest man in Africa? Indeed he is known to come from one of the richest families in West Africa at the time, however, Aliko did not inherit any of his wealth from his family.
At the age of 21, Aliko Dangote borrowed $3,000 from his uncle to import and sell agricultural commodities in Nigeria, his native country. His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.
He continued expanding his business and diversifying his investments since then.
Dangote has always reinvested the majority of his profits back into his businesses–one reason the company has grown so much since inception.
During an interview with Al Jazeera News, Aliko Dangote explained, ‘‘We [Dangote Group] are not doing like other Africans who keep most of their money in the bank.
We do not keep money in the bank. We fully invest whatever we have and we keep on investing. (sic)’’
Dangote has expanded into new business segments, including telecommunications, real estate, and steel manufacturing. Today his holding company, Dangote Group, is the largest conglomerate in West Africa with branches in Ghana, Benin and other West African countries.
His title as “richest man in Africa” seems only to be one he’ll hold for years to come.
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 2020 Dangote had a net worth of $8.1 billion
NET WORTH
Safra Catz Net Worth
What is Safra Catz net worth?
| Net worth | $1.8 billion |
| Name | Safra A. Catz |
| Born | December 1, 1961 |
| Nationality | Israeli-American |
Safra Catz net worth 2021: Safra A. Catz is an Israeli-American billionaire banker and technology executive. She is the CEO of Oracle Corporation. She currently has anet worth of $1.8 billion.
Early life
Catz was born in Holon, Israel, to Jewish parents. Her father was an immigrant from Romania. She moved from Israel to Brookline, Massachusetts at the age of six.
Catz graduated from Brookline High School. She earned a bachelor’s degree from the Wharton School of the University of Pennsylvania in 1983 and a J.D. from the University of Pennsylvania Law School in 1986.
Career
Catz was a banker at Donaldson, Lufkin & Jenrette, serving as a managing director from February 1997 to March 1999 and a senior vice president from January 1994 to February 1997 and previously held various investment banking positions since 1986.
In 1999, Catz joined Oracle as senior vice president. She has been a non-executive director of Oracle subsidiary Hyperion Solutions since April 2007. She has been a member of the executive council of TechNet since March 2013. She was a director of PeopleSoft Inc since December 2004 and Stellent Inc. since December 2006.
Catz joined Oracle Corporation in April 1999. Catz became a member of the company’s board of directors in October 2001 and president in early 2004. She is credited for having driven Oracle’s 2005 efforts to acquire software rival PeopleSoft in a $10.3 billion takeover. Catz is also the company’s CFO, serving temporarily in that role from November 2005 to September 2008, and from April 2011 to the present. Mark Hurd joined her as co-president in 2010. In December 2019, Oracle stated that Catz would be the sole CEO after Hurd’s death.
In 2009 she was ranked by Fortune as the 12th most powerful woman in business. In 2009 she was ranked by Forbes as the 16th most powerful businesswoman.
In 2014, she was ranked 24th. According to an Equilar analysis published by Fortune, she was in 2011 the highest-paid woman among Fortune 1000 companies, receiving an estimated US$51,695,742 in total remuneration.
Catz is a lecturer in accounting at the Stanford Graduate School of Business Catz was a director of HSBC Group from 2008 to 2015.
After the election of Donald Trump, Catz was one of several high-profile CEOs, including Tim Cook, Sheryl Sandberg and Jeff Bezos, invited to talk with the then president-elect about potentially taking up a position in the incoming administration.
According to Bloomberg, she was considered for the post of U.S. Trade Representative or Director of National Intelligence.
Catz is the highest paid female CEO of any U.S. company as of April 2017, earning $40.9 million after a 23% drop in her total compensation relative to 2016.
Read Ilhan Omar net worth
She was elected to the board of directors of The Walt Disney Company in December 2017, effective February 2018.
Safra Catz Net Worth
Safra Catz net worth is $1.8 billion. She has been an executive at Oracle since April 1999, and a board member since 2001. In April 2011, she was named co-president and chief financial officer (CFO), reporting to founder Larry Ellison.
In September 2014, Oracle announced that Ellison would step down as CEO and that Mark Hurd and Catz had been named as joint CEOs. In December 2019, Oracle stated that Catz would be the sole CEO after Hurd’s death.
Read Tim Cook net worth
NET WORTH
Bob Dudley Net Worth
Bob Dudley net worth: Robert Warren Dudley is an American-born businessman who is a former group chief executive of BP.
He had served as president and chief executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organization responding to the Deepwater Horizon oil spill. He is the chair of the international industry-led Oil and Gas Climate Initiative (OGCI).
Early life
Dudley was born in Queens, New York, grew up in Hattiesburg, Mississippi, and graduated from Hinsdale Central High School in suburban Chicago in 1973. He received a bachelor’s degree in chemical engineering from the University of Illinois, where he joined the fraternity Phi Kappa Psi and served as District 3 Archon.
He then obtained a master of international management (MIM) degree from the Thunderbird School of Global Management (now part of Arizona State University) and an MBA from Southern Methodist University.
Career
Dudley joined Amoco in 1979. He worked in a variety of positions including negotiating deals in the South China Sea. He worked in the oil industry for a long time including Amoco in Moscow from 1994 to 1997. He became a general manager for strategy. After BP acquired Amoco he assumed a similar position at BP.
From 2003-2008 he was president and chief executive of TNK-BP. He was appointed when BP went into partnership with a group of Russian billionaires known as AAR.
The deal was worth $6bn (£3.6bn at the time). Under Dudley, the joint venture increased oil output by a third to 1.6 million barrels per day. However, he fell out with AAR, who accused him of favouring BP. Disputes escalated and reached a point where BP’s technical staff were barred from working in Russia. In June 2008, Bob Dudley left Russia in haste when his visa was not renewed.
At the time, he said he had faced “sustained harassment” from the Russian authorities. For five months, he attempted to run TNK-BP from an undisclosed secret location outside Russia but resigned in December 2008.
Wikileaks revealed that Bob Dudley strongly suspected Igor Sechin, Russia’s deputy prime minister and chairman of the state-owned energy company, Rosneft, for organizing a boardroom coup that led him to feel life-threatened.
Read Andrew Mackenzie net worth
On April 6, 2009 he became a managing director of BP, and was given oversight of the company’s activities in the Americas and Asia
On June 23, 2010, he was appointed president and chief executive officer of BP’s Gulf Coast Restoration Organization working with the oil leakage in the Gulf of Mexico, which affected five US states. As head of the organization, he was responsible for the cleaning work in the Gulf, the cooperation with authorities, informing the public about BP’s activities surrounding the disaster and analyzing the damage caused by the disaster.
Dudley succeeded Tony Hayward as their group chief executive on October 1, 2010. He worked as Group CEO until 2020 when he was succeeded by Bernard Looney.
Bob Dudley Net Worth
Bob Dudley took an annual salary of $15.1 million which was later cut to $14.1 million as chief Executive officer of the group.
NET WORTH
Rich Lesser Net Worth
What is Rich Lesser net worth ?
Rich Lesser net worth: Richard “Rich” Lesser is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG).
Early life and education
Lesser grew up in Pittsburgh, Pennsylvania during the 1970s, a time of economic hardship for the city due to the implosion of the steel industry at the time.
He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor’s degree in Chemical Engineering, summa com Laude, from the University of Michigan.
Career
Lesser started his career as a process development engineer and group leader at Procter & Gamble. In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG’s Chairman for North and South America from 2009 to 2012.
Read Andrew Mackenzie net worth
He was elected to the firm’s Executive Committee in 2006. Since joining BCG in 1988, Lesser’s client work has focused on strategy, operations, leadership, and large-scale transformation. It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.
In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of Boston Consulting Group.
Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.
Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit and more recently, the Center for Climate Action.
In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group
Lesser also serves as chief advisor to the World Economic Forums’s (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF’s International Business Council.
He has accelerated BCG’s strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.
In December 2016, Lesser joined a business forum assembled by then-president-elect Donald Trump to provide strategic and policy advice on economic issues.
Rich Lesser Net Worth
According to Forbes, BCG is worth $8.5 billion. Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.
