ALIKO DANGOTE’S BIOGRAPHY
It is a top-notch feat to be the richest man in the USA. but when you take it higher to turning into the richest man in the continent then that’s clearly an extraordinary feat. Aliko Dangote holds this title as the richest man in Africa. He is a Nigerian billionaire and has held this function for the ultimate 4 years.
Dangote’s company, the Dangote Group is an African brand with operations in different African nations asides from Nigeria. These consist of Benin, Ghana, Ethiopia, Senegal, Cameroon, South Africa, Togo, Tanzania, and Zambia.
Currently, Dangote is the 67TH richest character in the world with an estimated worth of $12.5 billion.
DANGOTE’S EARLY BEGINNINGS
Dangote was born with a silver spoon into the distinguished family of the Dangote. Aliko appears to take after his remarkable grandfather – Alhaji Alhassan Dantata who was the richest man in Africa till his demise in 1955.
As a younger boy, Dangote had the entrepreneurial blood flowing in his veins as he used to purchase cartons of sweets and promote them to buddies just to make some more money.
DANGOTE’S EDUCATION
Aliko attended the Sheikh Ali Kumasi Madrasa (Arabic School) earlier than heading to the Capital High School in Kano.
After his graduation, Aliko enrolled in Al-Azhar University in Cairo, Egypt where he took a commercial enterprise course.
DANGOTE’S BUSINESS
At 20 years of age, Dangote installed a small trading firm in 1977 which would later metamorphose to turn out to be the Dangote Group. The young man approached his uncle for a loan of N500,000 which he used to begin the business. He was supposed to pay again the loan in three to 4 years but he was once capable to pay in 6 months.
Dangote in the beginning began his enterprise by means of trading commodities like sugar, rice, pasta, salt, cotton, millet, cocoa, textile, and vegetable oil.
After a while, his commercial enterprise grew large enough for him to end up one of the essential importers of these commodities. But Dangote knew he had to manage the production of the commodities if he used to be to effectively scale the business.
A few years later, he used to be able to start the method of manufacturing and this led to his organization being subdivided into 13 companies. Additionally, he was in a position to charge his merchandise a little lower than the opponents and this led him to take a massive share of the market.
Also, Dangote had constantly had an eye for befriending the right humans and he was capable to leverage this community to develop his business.
Currently, the organization has a multi-trillion naira conglomerate and some of their popular merchandise include Dangote Cement, Dangote Sugar, and Dangote Flour.
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The enterprise is a predominant dealer of sugar to tender drink companies, breweries, and confectioners.
Dangote also has an interest in transportation. The corporation currently manages the fleet of a team of workers buses used by means of the Central Bank of Nigeria.
Presently, the Dangote Sugar Refinery is the greatest refinery in Africa and the third greatest in the world. The refinery produces 800 zero tonnes of sugar annually.
Also, the Dangote Group owns salt factories and flour mills. Additionally, the business enterprise is a major importer of rice, fish, pasta, cement, and fertilizer. They are additionally involved in the export of cotton, cashew nuts, cocoa, sesame seed, and ginger to a number of countries. Dangote Group is recognized to have foremost investments in actual estate, banking, transport, textiles, and oil and gas.
The organization has personnel electricity of over 11,000 people and is currently the largest industrial conglomerate in West Africa.
The Dangote brand doesn’t appear to ever rest his oars. The enterprise is additionally involved in telecommunications and they have constructed over 14 zero kilometers of fiber optic cables to furnish the completion of Nigeria.
Aliko Dangote is additionally an enthusiastic soccer fan. He is a fan of Arsenal and he used to be once reportedly interested in buying a 16% stake in Arsenal. But he seems to have postponed that until the completion of his refinery in 2019.
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DANGOTE AND POLITICS
Aliko Dangote has continually been a pal of the government. He was stated to play a prominent role in the re-election of President Olusegun Obasanjo in 2003.
Also, he contributed N200 million to the construction of the Presidential Library in Ogun State and the National Mosque in Abuja.
In 2011, he used to be given the 2nd perfect honor – the Grand Commander of the Order of the Niger via the President, Goodluck Jonathan.
DANGOTE AND CORPORATE SOCIAL RESPONSIBILITY
During the Ebola epidemic in 2015, Dangote was stated to have donated N150 million to assist halt the unfold of the disease.
AWARDS
In 2013, Dangote and six others have been honored with the citizenship of Arkansas State by means of the Governor of the State, Mike Beebe
In 2014, Dangote acquired the award from Forbes Africa as the Personality of the year.
PROSPECTS
He lately introduced funding in a private refinery the place oil, fertilizer, and petrochemical substances will be refined. The investment is well worth about $9 billion with a consortium of nearby and international lenders worried about the deal.
Also, he has made a selection to invest $1 billion in commercial rice farming and present-day rice mills. Dangote Cement is also investing in new markets in Africa with plans to commission new plants in Kenya and Niger.
READ ALSO: Nigeria’s Top 10 Wealthiest Men
DANGOTE’S FAMILY LIFE
Aliko Dangote has been married twice and he has three girls specifically Halima, Fatima, and Sadia. Although Dangote is a Muslim, he has by no means been a polygamist. His first wife was selected for him via household however he divorced her after some years. He later married Mariya Rufai however he would later divorce her and he hasn’t been married due to the fact that then.
FINAL WORDS
Although Aliko Dangote is currently the richest man in Africa, the journey used to be no longer exactly smooth and it took him over 30 years of perseverance and challenging work to get to the place he is today.
One of the position mannequins he had used to be his uncle. Dangote learned the ethics of hard work when he labored with his uncle Sani Dangote and this helped him a lot to grow to be the man he is today.
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