Net Worth

Aliko Dangote Net Worth

Aliko Dangote Net Worth

What is Aliko Dangote’s Net Worth?

Net Worth: $16 Billion
Age: 64
Date of Birth: April 10, 1957
Nationality: Nigerian
Profession: Entrepreneur
Updated: 2022

Aliko Dangote is a humanitarian and businessman from Nigeria. He is the chairman and founder of the Dangote Group, an African industrial behemoth. Dangote is one of Africa’s wealthiest persons.

He is still as straightforward, diligent, humble, and level-headed as he was at the start. Dangote is the richest African in the world and a role model for young people who desire to be successful entrepreneurs.

Aliko Dangote’s net worth is expected to surpass $17 billion by 2022 but is presently worth $16.3 billion.

Formative Years

Alhaji Aliko Dangote was born in Kano, Nigeria, on April 10, 1957. He was raised by his maternal grandparents.

His maternal family was successful caravan traders during British colonial rule, and his grandfather, commodities trader Alhaji Sanusi Dantata, influenced his grandson’s entrepreneurial attitude.

Dangote used his grandfather’s pocket money to buy sweets, which he then sold for a profit to others.

Aliko Dangote Career

Aliko Dangote, the founder, and CEO of the Dangote Group is a Nigerian business magnate. Dangote’s most recent project was the construction of a $12 billion oil refinery in Lagos to alleviate Nigeria’s fuel shortage, with petroleum-based imports accounting for 38% of the country’s imports.

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Dangote also planned to build a pair of fertilizer factories at the same location to expand into agriculture. When the refinery and fertilizer plants opened in 2019, it was predicted that they will produce at least 235,000 employment.

Dangote made a $1 million donation in 2014 to help stop the spread of the deadly Ebola virus in West Africa, and he teamed up with Microsoft founder Bill Gates in 2016 to donate $100 million to combat malnutrition, which afflicted 11 million children in northern Nigeria.

Dangote Group now controls 70% of the sugar market, with his sugar plant serving as the primary supplier. Fish, rice, pasta, fertilizer, and cement are also imported.

Aliko Dangote’s net worth is estimated to be $16.3 billion in 2022.

Memorable Moments:

  • He is the Chairman and Founder of the Dangote Group.
  • In 2015, he was named The Guardian Man of the Year.
  • In 2015, he was named one of the world’s 50 most influential people.

In Conclusion

Aliko Dangote is a Nigerian businessman who made his fortune by forming The Dangote Group, which currently controls a large portion of the country’s commodities trade.

He is an entrepreneur who built his company from the ground up. He is the 43rd wealthiest person on the planet and the richest African. Aliko Dangote’s net worth is estimated to be at $16 billion in 2022.

The Author

Oladotun Olayemi

Dotun is a content enthusiast who specializes in first-in-class content, including finance, travel, crypto, blockchain, market, and business to educate and inform readers.