Aliko Dangote

Known for being the richest man in Nigeria, Alhaji Aliko Dangote is also the richest black person in the entire world. He is a self-made man who was born in Kano, Nigeria. The Nigerian business tycoon has a net worth of $20 Billion. His grandparents began earning money through peanut exports to Europe. During his childhood, Alhaji Aliko Dangote tried to create his own candy selling business in elementary school. Due to his innate business acumen, Dangote studied business at Al-Azhar university. After he finished school, he returned to Nigeria and an uncle helped him receive a cement manufacturing contract from the government. 

Read also : The Richest People In Nigeria, Top 20 Richest People In Africa

aliko dangote

By 1977, Dangote began the Dangote Group. Inspired by the economic development of Brazil, he sought to create the same type of economy in Nigeria. During the last 35 years, the company has managed to grow to a revenue of $21 billion. Since the beginning of the Dangote Group, Alhaji Aliko Dangote has invested in industries like flour, sugar and oil. In particular, he has created a completely modern refining industry to help Nigeria retain more of their oil wealth. His business has interests in nations such as Zambia, Cameroon and South Africa.

how rich is aliko dangote

Over the years, Dangote has created breweries and dominated the sugar market in the nation. He has served the Central Bank of Nigeria through running their staff business. Dangote has also been in charge of laying 14,000 fiber optic cables throughout Nigeria and still runs many of the region's telecommunications. Altogether, the company has more than 11,000 workers and is one of the biggest industrial corporations in all of Western Africa. According to reports, Dangote sleeps only three or four hours each day and never takes vacations. Until a trip to Disney World with his family, he had spent 17 years without ever having a vacation. Currently, his family includes 18 children as well as a host of relatives and grandchildren. 

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)