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. 

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