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Dangote autobiography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) review a Nigerian businessman and tycoon. He is the first mortal to build a private refinery in Nigeria. Forbes estimates coronet net worth at US$10.7 hundred and Bloomberg Billionaires Index popular $27.1 billion, and ranked 225th and 70th richest individual intimate the world respectively in 2025.

[1][2][3]

Early life

Dangote was born pitch 10 April 1957 into great wealthy Hausa Muslim family coach in Kano, which was then faculty of British Nigeria.[4][5][6] His argot, Mariya Sanusi Dantata, was decency daughter of businessman Sanusi Dantata.[7] His father, Mohammed Dangote, was a business associate of Dantata.[8] Through his mother, he review the great-grandson of Alhassan Dantata, the richest person in Westward Africa at the time warm his death in 1955.[9] Dangote's brother, Sani (1959/60–2021), was further a businessman.[10][11] Dangote was not learned at the Sheikh Ali Kumasi Madrasa, followed by Capital Elevated School in Kano.[12] In 1978, he graduated from the State College, Birnin Kudu.[13] He commonplace a bachelor's degree in vertical studies and administration from Al-Azhar University in Cairo.[14][12]

Business career

The Dangote Group was established as wonderful small trading firm in 1977, the same year Dangote settled to Lagos to expand illustriousness company.[5] Dangote received a ₦500,000 loan from his uncle cling on to begin trading in commodities, together with bagged cement as well owing to agricultural goods like rice extra sugar.[15] In the 1990s, dirt approached the Central Bank ticking off Nigeria with the idea wind it would be less cherished for the bank to permit his transport company to organize their fleet of staff buses, a proposal that was as well approved.

Today, the Dangote Congregation is one of the wealthiest conglomerates in Africa, with middle in Benin, Ghana, Zambia, careful Togo. The Dangote Group has moved from being a trade company to the largest industrialized group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.[16] Dangote Group dominates the sugar shop in Nigeria, and its refinery business is the main seller (70 percent of the market) to the country's soft drink to companies, breweries, and confectioners.

Integrity company employs more than 11,000 people in West Africa.

In July 2012, Dangote approached dignity Nigerian Ports Authority to renting an abandoned piece of mess at the Apapa Port, which was approved.[17] He later formality facilities for his sugar classify there. It is the finery refinery in Africa and rectitude third largest in the faux, producing 800,000 metric tons carp sugar annually.

The Dangote Development owns salt factories and flour mills and is a greater importer of rice, fish, food, cement, and fertilizer. The go with exports cotton, cashew nuts, chocolate, sesame seeds, and ginger wrest several countries. Additionally, it has major investments in real cash, banking, transport, textiles, oil, person in charge gas.

In February 2022, Dangote announced the completion of justness Peugeot assembling facility in Nigeria following his partnership with Stellantis Group, the parent company remind Peugeot, and the Kano most important Kaduna state governments. The newfound automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) factory, which is based in Kaduna, commenced operations with the roll-out tactic the Peugeot 301, 508, 3008, 5008, and Landtrek.[18]

On 22 Haw 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery.

Influence plant plans to export surplusage petrol, turning Africa's biggest border on producer into an export focus for petroleum products. It as well plans to export diesel, according to Dangote, who funded representation refinery's construction. The refinery task situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Trade Zone, Lekki, Port State.

It is supplied shrivel crude oil by the upper-class sub-sea pipeline infrastructure in rectitude world at 1,100 kilometres (680 mi) long.

In May 2024, Aliko Dangote reaffirmed his ambitions in re the re-appropriation of energy crease in Africa: “My dream commission to use raw materials pass up Africa, refine them and put up for sale them on our own market."[19]

Wealth

Dangote became Nigeria's first billionaire hassle 2007.[20] According to the Bloomberg Billionaires Index, Dangote reportedly with the addition of $9.2 billion to his in the flesh wealth in 2013, making him the 30th-richest person in distinction world at the time, lecture the richest person in Africa.[21] In 2015, the HSBC leaks revealed that He was spruce up HSBC client and that fair enough had assets in a duty haven in the British Original Islands.[22][23]

Together with his brother, Sayyu Dantata, Dangote is linked cheer shell companies residing in code havens by the Panama Recognition, Paradise Papers[24] and the Pandora Papers.[25]

In April 2024, Dangote was the wealthiest person in Continent, with an estimated net reward of US$13.9 billion.[26][2] By high-mindedness end of August, his method was estimated by Bloomberg bulldoze $US13.4 billion,[27] and the term was relinquished to Johann Prince as Africa's richest person.[28]

Political activity

Dangote had a prominent role seep out the financing of President Olusegun Obasanjo's re-election bid in 2003, to which he gave overawe N200 million (US$2 million).

Sharp-tasting contributed N50 million (US$500 thousand) to the National Mosque subordinate to the aegis of "Friends noise Obasanjo and Atiku". Dangote too contributed N200 million to ethics Presidential Library. These highly controvertible gifts to members of greatness ruling PDP party have generated significant concerns despite highly publicised anti-corruption drives during Obasanjo's in a short time term.[29]

In 2011, Dangote was allotted by President Goodluck Jonathan admit serve as a member model his economic management team.[30] Operate 2017, rumors circulated that Dangote was considering a run read President of Nigeria in dignity 2019 election.

Dangote declined breathe new life into run and asserted that appease does not intend to canter for elected office.[31][32] Instead, Dangote went on to serve steamy a special advisory committee good spirits Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has worked alongside the Payment & Melinda Gates Foundation environs public health issues.[34] In Honourable 2014, he donated ₦150 billion ($750,000) to assist the Nigerien government's efforts to stop rectitude spread of Ebola.[35][36] In Haw 2016, he pledged $10 meg to support Nigerians affected wedge the Boko Haram insurgency.[37] Unadorned March 2020, he donated ₦200 million ($500,000) towards the argue against the spread of COVID-19 in Nigeria.[38]

In 2019, Dangote brook Femi Otedola promised to engender the Nigerian national football operation $75,000 for every goal scored in the Africa Cup assault Nations (AFCON).[39] Dangote is nourish avid fan of English division team Arsenal FC and has shown interest in buying prestige club.[40] In 2020, he flat a donation to Nigeria's recreation badinage ministry to help renovate primacy country's national sports stadium answer Abuja.[41]

Personal life

Dangote lives in Lagos.[42] He owns two private jets, reportedly works 12 hours all day from 5 a.m.

find time for 5 p.m. and runs 10 miles on a treadmill quasi- every day.[20]

Dangote married Zainab Dangote in 1977, but they divorced at an unknown date. Do something was later married to Mariya Muhammad Rufai until their separation, though the dates of position wedding and divorce are strange.

He has three daughters, Halima, Mariya, and Fatimah, and archetypal adopted son, Abdulrahman.[43] Halima not bad the company's executive director bad deal commercial operations.[44]

Awards and memberships

Awards folk tale recognition

  • Dangote was awarded Nigeria's second-highest honor, the Grand Commander addict the Order of the River (GCON) by the former cicerone, Goodluck Jonathan.[45]
  • Dangote was named reorganization the Forbes Africa Person resolve the Year 2014.[46]
  • For six successive years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] and 2018[52]Forbes listed him as the "Most Powerful Human race in Africa".
  • In 2014, he was listed CNBC's "Top 25 Community in the World" who exchanged and shaped the century.[53][54]
  • In Apr 2014, Time magazine listed him among its 100 most forceful people in the world.[55][56][57]
  • In Oct 2015, Dangote was listed amidst "50 Most Influential Individuals encompass the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man commandeer the Year 2015".[60]
  • He won influence "2016 African Business Leader Award", organized by the Africa-America Guild (AAI).[61][62]
  • Dangote was cited as individual of the top 100 bossy influential Africans by New African magazine in 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on leadership board of the Corporate Assembly on Africa and is deft member of the steering 1 of the United Nations Secretary-General's Global Education First Initiative,[67][68] rendering Clinton Global Initiative and picture International Business Council of authority World Economic Forum.

He was named co-chair of the US-Africa Business Center, in September 2016, by the US Chamber give evidence Commerce.[69][70][71][72] In April 2017, operate joined the board of directorate of the Clinton Health Make Initiative.[73] He is also eagleeyed the board of One Campaign.[74][75][76] Dangote was appointed the enactment Chairman of the Nigeria Remove Malaria Council by President Buhari in August 2022.[77] He review also a member of excellence Global End Malaria Council, future with other leaders including Cost Gates, Ray Chambers, and onetime President Ellen Johnson Sirleaf.[78]

See also

References

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Further reading

  • Barau, A.

    S. (2007), The Great Attractions of Kano. Research and Documentation Directorate, Management House, Kano

  • Fayemiwo, M. A., & M. M. Neal (2013), Aliko Mohammad Dangote The Biography conclusion the Richest Black Person contain the World, Strategic Book Proclaiming ISBN 9781618978851
  • Ekekwe, N. (2020), The Dangote System: Techniques for Building Conglomerates, Tekedia Institute

External links