Aliko Dangote: Net Worth,Biography News & Latest Update

According to forbes,he is the richest Nigerian and also
he is the richest man from Africa,he was listed as the 67th richest person in the world and the richest in Africa and his name is Alhaji Aliko Dangote.

Alhaji Aliko Dangote's Net Worth And Biography

Q1. Where was Aliko Dangote born? 

A. Born Aliko Dangote on April 10 1957 in Kano, Nigeria into the family of Mohammed Dangote and Mariya Sanusi Dantata. His mother was the granddaughter of Alhassan Dantata, a legendary Hausa businessman.

Q2. How did Aliko Dangote venture into business? 

A: According to Alhaji Aliko Dangote, his interest in business started early,way back to when he was still in primary school, In his own words "I can remember when I was in primary school, I would go and buy cartons of sweets (sugar boxes) and I would start selling them just to make money''

I was so interested in business, even at that time '' he said.

Q3. Where did Aliko Dangote Study?

A: Dangote attended the Al-Azhar University in Cairo, Egypt where he studied business.
Q4: How did Aliko Dangote start his business in Nigeria?

A: Immediately After graduation, the young Aliko Dangote returned to Nigeria to start working with his uncle, Alhaji Sanusi Dantata, who would later give him a business loan of N500,000 to start his own business.

Dangote then moved to Lagos and established the Dangote Group which was a small trading firm in 1977,Today Alhaji Aliko Dangote's Dangote Group is now a multi-trillion naira conglomerate with many of its operations and branches in several african countries like in Benin, Ghana, Nigeria,Togo.

Q5. What Type of Business Does Aliko Dangote's Company Deal in? 

A: Aliko Dangote can be described as a jack of all Trades,in the early 1990s, he approached the Central Bank of Nigeria and suggested that he should be allowed to manage their fleet of staff buses which was approved.

He is dominant in Nigeria's sugar market and refinery business,he is the main supplier and accounts for 70% of the market.

He supplies sugar to the country's soft drinks companies, breweries and confectioners. 

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Aliko Dangote has the largest refinery in Africa and the third largest in the world, producing an estimated 800,000 tonnes of sugar annually. 

Apart from that Dangote Group he owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement and fertiliser. 

The Dangote group exports cotton, cashew nuts, cocoa, sesame seed and ginger to several countries. He also has major major investments in real estate, banking, transport, textiles and oil and gas and telecommunications in Nigeria.

Aliko Dangote's group employs over 11,000 people and is also largest industrial conglomerate in West Africa.

Q6. Is Aliko Dangote affiliated to politics in Nigeria?

 A. He has not formally announced any intention to run for any political post in Nigeria,but however Aliko is a major player in Nigeria's political landscape.

In 2003 Dangote helped to fund the re-election bid of Olusegun Obasanjo,he reportedly gave over N200 million (US$1M). He also contributed N50 million (US$0.25M) towards the completion of the National Mosque. 

Q7. On Aliko Dangote's interest in English premier ship club Arsenal FC? 

A. In 2010, there was a report by british tabloids that Dangote was interested in buying a 16 percent stake in Premiership side Arsenal,dangote squashed those rumors.

However in 2015, Dangote expressed interest in purchasing the English football team Arsenal,he said that he would fire the club's long serving manager Arsene Wenger if eventually he buys the club.

Q8. What is Aliko Dangote contribution to Nigeria's economy? 

A: Apart from creating over 10,000 jobs,Dangote also donated 150 million Naira, to halt the spread of Ebola in Nigeria. 

Q9. How Many Wives And Children does Aliko Dangote Have? 

A: Dangote is married with 3 children. 

Q10. What is Aliko Dangote's current net worth 2019? 

A: He is currently worth 12.5 Billion US Dollars.