Aliko Dangote

$28.54 B

Ranked #81 in World

About Aliko Dangote

Renowned Nigerian billionaire Aliko Dangote, with a net worth of $16.1 billion as of November 2023, stands as Africa's wealthiest individual. The founder and CEO of the Dangote Group, West Africa's leading industrial conglomerate, has significantly impacted Nigeria's economy through the diversification of his businesses, from cement to food processing. Dangote's investments span various sectors, including real estate and energy, with the landmark Dangote Refinery set to position Nigeria as a petroleum export hub. His extensive philanthropic efforts and influence extend beyond business, shaping the national political and socio-economic landscape.

Born

April 10, 1957 in Kano, Nigeria

Age

68 years

Source Of Wealth

Cement, Sugar

Industries

Manufacturing

Citizenship

Nigeria

Residence

Lagos

Education

Bachelor of Arts/Science, Al-Azhar University

Spouse

Zainab Dangote (divorced), Mariya Muhammad Rufai (divorced)

Children

4, including Halima

Aliko Dangote was born on April 10, 1957, into a wealthy Hausa Muslim family in Kano, Nigeria. He received his early education at Sheikh Ali Kumasi Madrasa, Capital High School in Kano, and Government College, Birnin Kudu. He later went on to earn a bachelor's degree in business studies and administration from Al-Azhar University in Cairo, Egypt.

Aliko Dangote: Family

Aliko Dangote comes from a prominent Hausa Muslim family in Kano, Nigeria. His father, Mohammed Dangote, was a successful businessman who owned a transport company. His mother, Mariya Sanusi Dantata, was a businesswoman and philanthropist. Dangote has been married twice and has three daughters and an adopted son.

Aliko Dangote: Career Highlights

Dangote established the Dangote Group as a small trading firm in 1977. Over the years, he expanded the company into the largest industrial conglomerate in Nigeria. The Dangote Group has diversified businesses, including Dangote Sugar Refinery, Dangote Cement, Dangote Flour, salt factories, flour mills, and major imports of rice, fish, pasta, cement, and fertilizer. The company also exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. In addition, Dangote has major investments in real estate, banking, transport, textiles, oil, and gas.

One of Dangote's notable achievements was partnering with Stellantis Group to establish the Peugeot assembling facility in Nigeria, which produces Peugeot vehicles. He also commissioned the Dangote Refinery in Lekki, Nigeria, with the aim of exporting surplus petrol and diesel, making Nigeria an export hub for petroleum products.

Aliko Dangote: Companies

Aliko Dangote is the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Dangote Group has a wide range of businesses, including Dangote Sugar Refinery, Dangote Cement, Dangote Flour, salt factories, flour mills, and major imports of rice, fish, pasta, cement, and fertilizer. The company also exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries.

In addition, Dangote has major investments in real estate, banking, transport, textiles, oil, and gas.

Aliko Dangote: Major Achievements

Dangote has achieved remarkable success in his business career. He became Nigeria's first billionaire in 2007 and added $9.2 billion to his personal wealth in 2013, becoming the 30th-richest person in the world at the time. As of June 2022, his estimated net worth was US$20 billion, making him the wealthiest person in Africa.

Dangote has also played a prominent role in Nigerian politics. He was instrumental in financing President Olusegun Obasanjo's re-election bid in 2003 and contributed to the National Mosque and Presidential Library. He was appointed by President Goodluck Jonathan to serve on his economic management team in 2011 and considered running for President of Nigeria in 2019 but declined and served on a special advisory committee for Muhammadu Buhari's reelection campaign.

Aliko Dangote: Awards & Achievements

Dangote has received numerous awards and recognitions for his achievements. He was awarded the Grand Commander of the Order of the Niger (GCON), the highest national honor in Nigeria. He was also named Forbes Africa Person of the Year in 2014 and was listed among the world's most influential people by Time magazine and Bloomberg Markets. Dangote holds various memberships and leadership positions in organizations such as the Corporate Council on Africa, the United Nations Secretary-General's Global Education First Initiative, the Clinton Global Initiative, and the World Economic Forum.

Aliko Dangote: Personal Life & Legacy

Aliko Dangote lives in Lagos, Nigeria, and owns two private jets. He is known for his rigorous work ethic, working 12 hours a day and maintaining a fitness routine. Dangote has been married twice and has three daughters and an adopted son. He is also known for his philanthropic activities, collaborating with the Bill & Melinda Gates Foundation on public health issues and donating to combat Ebola, support Nigerians affected by Boko Haram, and fight against COVID-19.

In the world of football, Dangote has promised financial rewards to the Nigerian national football team for goals scored in the African Cup of Nations. He is an avid fan of Arsenal FC and has expressed interest in buying the club.

Aliko Dangote: Trivia

Here are some interesting facts about Aliko Dangote:

Dangote is the richest person in Africa, the world's richest black person, and the world's 107th richest person overall, with an estimated net worth of $16.1 billion (November 2023).
He started his business with a loan of 500,000 Naira (about $3,000) from his uncle.
Dangote is a polyglot and speaks Hausa, English, Arabic, and French.
He is a devout Muslim and has made significant contributions to Islamic causes, including building mosques and donating to charities.
Dangote is a sports enthusiast and owns the Dangote Football Club.
He is a recipient of the prestigious Forbes Africa Person of the Year award, which he won in 2014.
Dangote is known for his philanthropic work and has donated millions of dollars to various causes, including education, healthcare, and poverty alleviation.

Wealth History

Timeline

10 April 1957

Aliko Dangote is born into a wealthy Hausa Muslim family in Kano, Nigeria.

1977

Dangote establishes the Dangote Group as a small trading firm, which later expands to become the largest industrial group in Nigeria.

2003

Dangote plays a prominent role in financing President Olusegun Obasanjo's re-election bid.

2007

Dangote becomes Nigeria's first billionaire.

2011

Dangote is appointed by President Goodluck Jonathan to serve on his economic management team.

2013

Dangote adds $9.2 billion to his personal wealth, becoming the 30th-richest person in the world at the time.

2014

Dangote is named Forbes Africa Person of the Year.

2019

Dangote considers running for President of Nigeria but declines and serves on a special advisory committee for Muhammadu Buhari's reelection campaign.

June 2022

Dangote's estimated net worth reaches US$20 billion, making him the wealthiest person in Africa.

November 2023

Dangote's estimated net worth is $16.1 billion, making him the richest person in Africa, the world's richest black person, and the world's 107th richest person overall.

Aliko Dangote : FAQs

What is Aliko Dangote's current net worth?

Aliko Dangote's current net worth is $28.54 billion.

What is Aliko Dangote's current global rank among billionaires?

Aliko Dangote holds the 81st position globally among billionaires.

What is Aliko Dangote's current ranking within the Nigeria?

Aliko Dangote holds the 1st position in Nigeria.

What was the change in Aliko Dangote's net worth compared to the previous year?

Aliko Dangote's net worth increased by 2.91 billion dollars compared to the previous year 2025, when his net worth was 25.63 billion dollars.

What is the recent change in Aliko Dangote's net worth?

Aliko Dangote's net worth increased by 87.16 million dollars recently, a 0.31% increase, with his net worth standing at 28.54 billion dollars.

What are Aliko Dangote's main sources of wealth?

Aliko Dangote's main source of income comes from Cement, Sugar.

In which industry does Aliko Dangote primarily operate?

Aliko Dangote is primarily involved in the Manufacturing industry.

What is Aliko Dangote educational background?

Aliko Dangote holds a Bachelor of Arts/Science from Al-Azhar University.

How old is Aliko Dangote?

Aliko Dangote is 68 years old.

How many children does Aliko Dangote have?

Aliko Dangote has 3 children.

Who is Aliko Dangote and why is he significant in West Africa?

Aliko Dangote is a Nigerian businessman and industrialist, serving as the founder, chairman, and CEO of Dangote Group, which is the largest industrial conglomerate in West Africa. His strategic investments and management have made him a key figure in the region's economy.

Can you outline some key milestones in Aliko Dangote's business career?

Aliko Dangote began with a small trading firm in 1977, which has since expanded into Dangote Group, Nigeria's largest industrial group. He has diversified into various businesses, including Dangote Sugar Refinery, Dangote Cement, and major imports and exports. He also partnered with Stellantis Group to establish a Peugeot assembly facility and commissioned a significant refinery project in Lekki.

How has Aliko Dangote been involved in Nigeria's politics?

Aliko Dangote has played a significant role in Nigeria's political scene, notably in financing President Olusegun Obasanjo's re-election in 2003, contributing to national projects, serving on presidential economic teams, and participating in election advisory committees.

What philanthropic efforts is Aliko Dangote known for?

Aliko Dangote is renowned for his philanthropy, partnering with the Bill & Melinda Gates Foundation on health initiatives, donating to combat diseases, support terrorism victims, and providing relief during the COVID-19 pandemic.