Today is a good day to celebrate the richest man in Africa, Aliko Dangote on the occasion of his birthday. You know one thing I really like about him, is his humble smile, and how he ensures that at least everyone has contact with him all through their lifetime.
You just may ask me how this is possible? But the richest man in Africa, Aliko Dangote has designed his business model in a way that you get to use at least one of his products every day. Hey, let’s get to know a bit more about the richest man in Africa, Aliko Dangote.
Who is the richest man in Africa, Aliko Dangote?
Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2019, he had an estimated net worth of US$10.6 billion.
Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on the 10th of April 1957 into a wealthy Muslim family. He is the great-grandson of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955. Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. He has a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo.
His Personal Life
Dangote is married and lives in Lagos, Nigeria. He has been married four times, and his first three marriages ended in divorce. He has a total of fifteen children from these marriages.
His Business Acumen
In the year 1977, Dangote established The Dangote Group as a small trading firm. That same year, he relocated to Lagos to expand the company. Through continuous expansion, the Dangote Groups is regarded as a multi-trillion-naira conglomerate with many of its operations in Benin, Ghana, Nigeria, and Togo.
Dangote’s business is centred on providing everyday basic needs. This invariably means that either you are building your house, or you want to eat or move about, you get to choose from any of his wide range of products.
Here is a list of all his businesses:
- Cement manufacturing Dangote Cement
- Sugar Refining: Dangote Sugar
- Salt Refining and Seasoning: NASCON Allied Industries
- Flour and Semolina: Dangote Flour Mills
- Pasta Processing: Dangote Fllour Mills
- Packaging Materials: Dangote Agro Sacks
- Property Management: MHF Properties Limited
- Technology: Dancom Technologies
- Ports Operation
- Food and beverages: Dansa Foods Limited
- Transportation: DanTrans Limited
Projects in view
- Refinery and Petrochemicals
- Gas Pipelines
His Philanthropic Endeavours
The Aliko Dangote Foundation (ADF) is the Philanthropic endeavour of Aliko Dangote. The main objective of the Foundation is to reduce the number of lives lost to malnutrition and disease. Combating Severe Acute Malnutrition (SAM) in children is at the core of the foundation. Improving the outcome of children’s lives forms the basis for the work they do at the Foundation, using their investments in health, education, and economic empowerment to help lift people out of poverty.
In 2014, Dangote was named as the Forbes Africa Person of the year.
The most inspiring thing I read that he said:
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”.
Did you see this video where he said he withdrew $10m just to look at it? Watch it here: