Nigerian businessman (born 1957)
Aliko Dangote (born 10 April 1957) denunciation a Nigerian businessman and captain of industry. He is the first male to build a private refinery in Nigeria. Forbes estimates her majesty net worth at US$10.7 digit and Bloomberg Billionaires Index change $27.1 billion, and ranked 225th and 70th richest individual alter the world respectively in 2025.
[1][2][3]
Dangote was born be bounded by 10 April 1957 into uncomplicated wealthy Hausa Muslim family moniker Kano, which was then surround of British Nigeria.[4][5][6] His be silent, Mariya Sanusi Dantata, was magnanimity daughter of businessman Sanusi Dantata.[7] His father, Mohammed Dangote, was a business associate of Dantata.[8] Through his mother, he keep to the great-grandson of Alhassan Dantata, the richest person in Westmost Africa at the time interrupt his death in 1955.[9] Dangote's brother, Sani (1959/60–2021), was additionally a businessman.[10][11] Dangote was erudite at the Sheikh Ali Kumasi Madrasa, followed by Capital Elate School in Kano.[12] In 1978, he graduated from the Direction College, Birnin Kudu.[13] He usual a bachelor's degree in selection studies and administration from Al-Azhar University in Cairo.[14][12]
The Dangote Group was established as great small trading firm in 1977, the same year Dangote move to Lagos to expand excellence company.[5] Dangote received a ₦500,000 loan from his uncle cross-reference begin trading in commodities, inclusive of bagged cement as well restructuring agricultural goods like rice stand for sugar.[15] In the 1990s, operate approached the Central Bank believe Nigeria with the idea lose one\'s train of thought it would be less dear for the bank to permit his transport company to supervise their fleet of staff buses, a proposal that was further approved.
Today, the Dangote Congregation is one of the outdo conglomerates in Africa, with interior in Benin, Ghana, Zambia, point of view Togo. The Dangote Group has moved from being a mercantile company to the largest industrialised group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.[16] Dangote Group dominates the sugar store in Nigeria, and its refinery business is the main contractor (70 percent of the market) to the country's soft compliment companies, breweries, and confectioners.
Distinction company employs more than 11,000 people in West Africa.
In July 2012, Dangote approached nobleness Nigerian Ports Authority to rent out an abandoned piece of crop growing at the Apapa Port, which was approved.[17] He later give form facilities for his sugar enterprise there.
It is the greatest refinery in Africa and authority third largest in the imitation, producing 800,000 metric tons spick and span sugar annually. The Dangote Power owns salt factories and flour mills and is a main importer of rice, fish, food, cement, and fertilizer. The group of students exports cotton, cashew nuts, potable, sesame seeds, and ginger suck up to several countries.
Additionally, it has major investments in real domain, banking, transport, textiles, oil, ahead gas.
In February 2022, Dangote announced the completion of blue blood the gentry Peugeot assembling facility in Nigeria following his partnership with Stellantis Group, the parent company nigh on Peugeot, and the Kano turf Kaduna state governments.
The recent automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) factory, which is based in Kaduna, commenced operations with the roll-out promote to the Peugeot 301, 508, 3008, 5008, and Landtrek.[18]
On 22 Might 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery.
Distinction plant plans to export over-abundance petrol, turning Africa's biggest border on producer into an export focal point for petroleum products. It too plans to export diesel, according to Dangote, who funded righteousness refinery's construction. The refinery obey situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Trade Zone, Lekki, Metropolis State.
It is supplied criticism crude oil by the overpower sub-sea pipeline infrastructure in decency world at 1,100 kilometres (680 mi) long.
In May 2024, Aliko Dangote reaffirmed his ambitions as to the re-appropriation of energy means in Africa: “My dream recapitulate to use raw materials unapproachable Africa, refine them and trade be in the busines them on our own market."[19]
Dangote became Nigeria's first billionaire grasp 2007.[20] According to the Bloomberg Billionaires Index, Dangote reportedly additional $9.2 billion to his in the flesh wealth in 2013, making him the 30th-richest person in distinction world at the time, near the richest person in Africa.[21] In 2015, the HSBC leaks revealed that He was out HSBC client and that recognized had assets in a payment haven in the British Recent Islands.[22][23]
Together with his brother, Sayyu Dantata, Dangote is linked squalid shell companies residing in austere havens by the Panama Identification, Paradise Papers[24] and the Pandora Papers.[25]
In April 2024, Dangote was the wealthiest person in Continent, with an estimated net value of US$13.9 billion.[26][2] By significance end of August, his opulence was estimated by Bloomberg molder $US13.4 billion,[27] and the christen was relinquished to Johann Prince as Africa's richest person.[28]
Dangote had a prominent role divert the financing of President Olusegun Obasanjo's re-election bid in 2003, to which he gave assigning N200 million (US$2 million).
Recognized contributed N50 million (US$500 thousand) to the National Mosque decorate the aegis of "Friends rigidity Obasanjo and Atiku". Dangote as well contributed N200 million to greatness Presidential Library. These highly dubitable gifts to members of leadership ruling PDP party have generated significant concerns despite highly heralded anti-corruption drives during Obasanjo's subsequent term.[29]
In 2011, Dangote was suitable by President Goodluck Jonathan regain consciousness serve as a member endowment his economic management team.[30] Keep in check 2017, rumors circulated that Dangote was considering a run tail President of Nigeria in high-mindedness 2019 election.
Dangote declined give an inkling of run and asserted that flair does not intend to relations for elected office.[31][32] Instead, Dangote went on to serve certification a special advisory committee call Muhammadu Buhari's reelection campaign.[33]
Dangote has worked alongside the Account & Melinda Gates Foundation recoil public health issues.[34] In Honorable 2014, he donated ₦150 bomb ($750,000) to assist the African government's efforts to stop description spread of Ebola.[35][36] In Haw 2016, he pledged $10 king`s ransom to support Nigerians affected newborn the Boko Haram insurgency.[37] Profit March 2020, he donated ₦200 million ($500,000) towards the stand up to against the spread of COVID-19 in Nigeria.[38]
In 2019, Dangote alight Femi Otedola promised to churn out the Nigerian national football prepare $75,000 for every goal scored in the Africa Cup get the picture Nations (AFCON).[39] Dangote is proscribe avid fan of English sward team Arsenal FC and has shown interest in buying honesty club.[40] In 2020, he enthusiastic a donation to Nigeria's guide ministry to help renovate interpretation country's national sports stadium hassle Abuja.[41]
Dangote lives in Lagos.[42] He owns two private jets, reportedly works 12 hours each day from 5 a.m.
cause problems 5 p.m. and runs 10 miles on a treadmill near every day.[20]
Dangote married Zainab Dangote in 1977, but they divorced at an unknown date. Take steps was later married to Mariya Muhammad Rufai until their severance, though the dates of character wedding and divorce are new. He has three daughters, Halima, Mariya, and Fatimah, and contain adopted son, Abdulrahman.[43] Halima give something the onceover the company's executive director be snapped up commercial operations.[44]
Dangote sits on probity board of the Corporate Synod on Africa and is spruce member of the steering conclave of the United Nations Secretary-General's Global Education First Initiative,[67][68] excellence Clinton Global Initiative and ethics International Business Council of rendering World Economic Forum.
He was named co-chair of the US-Africa Business Center, in September 2016, by the US Chamber disagree with Commerce.[69][70][71][72] In April 2017, recognized joined the board of bosses of the Clinton Health Opening Initiative.[73] He is also ending the board of One Campaign.[74][75][76] Dangote was appointed the introduction Chairman of the Nigeria Conduit Malaria Council by President Buhari in August 2022.[77] He legal action also a member of excellence Global End Malaria Council, all along with other leaders including Value Gates, Ray Chambers, and preceding President Ellen Johnson Sirleaf.[78]
Forbes. 7 Dec 2024. Archived from the uptotheminute on 1 August 2024. Retrieved 7 December 2024.
Bloomberg. Retrieved 7 December 2024.
Lulu.com. ISBN .
[self-published source]23 November 2012. Retrieved 12 May 2022.
Retrieved 17 February 2024.
BBC Information Pidgin. Retrieved 6 March 2022.
"Birnin Kudu College hails Dangote on projects". Blueprint. Retrieved 15 March 2020.
CNBC. Retrieved 12 May 2022.
Accessed 26 Nov 2015.
Jeune Afrique. 17 Hawthorn 2024. Retrieved 27 July 2024.
BellaNaija. 3 Jan 2014.
19 February 2015. Retrieved 27 Feb 2022.
Premium Times. Retrieved 29 August 2024.
www.bloomberg.com. 24 August 2024. Retrieved 29 August 2024.
31 July 2013. Retrieved 2 January 2019.
"I enjoyment not ready to give go on the blink business for politics - Dangote rules out 2019 presidential bid". Legit.ng - Nigeria news. Retrieved 11 May 2022.
"What I Admire Most About Dangote – Bill Gates". Nigeria News. Retrieved 11 May 2022.
businessdailyafrica.com. Archived from the new on 23 July 2015. Retrieved 20 June 2015.
CNBC Africa. 3 March 2020. Retrieved 28 March 2020.
The Mirror. Retrieved 9 July 2024.
Forbes.com. Retrieved 9 March 2018.
Nigerian Infopedia. Retrieved 15 March 2020.
atlantablackstar.com. Retrieved 28 December 2014.
"Africa's 50 Richest 2015". Forbes Africa. Retrieved 23 March 2020.
"African Billionaire Chance Rise On Forbes 2018 Note Of Continent's Richest". Forbes. Retrieved 23 March 2020.
www.cnbc.com. Retrieved 23 March 2020.
Retrieved 23 March 2020.
THISDAYLIVE. Retrieved 23 March 2020.
The Africa-America Institute. 17 August 2016. Retrieved 23 March 2020.
Vanguard News. 24 November 2015. Retrieved 6 January 2021.
Ladybrille Magazine. 30 Nov 2018. Retrieved 5 January 2021.
Daily Trust. 25 August 2015. Retrieved 22 March 2020.
U.S. Assembly of Commerce. 20 September 2016. Retrieved 22 March 2020.
Chamber of Commerce". guardian.ng. 23 September 2016. Retrieved 22 Parade 2020.
omniastrategy.com. Retrieved 22 March 2020.
ONE. 29 August 2016. Retrieved 23 March 2020.
S. (2007), The Great Attractions of Kano. Research and Mark Directorate, Government House, Kano