In line with Forbes list of Africa‘s billionaires, Aliko Dangote of Nigeria tops as the richest man in Africa for the 9th time in a row with a net worth of $10 billion.
Aliko Dangote is a Nigerian businessman and philanthropist and he is among the 100 richest people in the world.
He is the great-grandson of Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955.
Dangote Group, Aliko‘s group of companies is one of the most valuable conglomerate in West Africa.The Group includes the Dangote Sugar Refinery, Dangote Cement, Dangote salt and Dangote Flour.
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Aliko Dangote is the chairman of Dangote cement ,Africa‘s largest cement company. He owns nearly 85% of the company.
Dangote group also has major investments in real estate, banking, transport, textiles, oil, and gas.
Aliko Dangote is currently building which will be one the largest oil refineries in the world once completed. The oil refinery has the capacity to produce 650,000 barrels per day (bpd) and will help reduce Nigeria’s dependence on imported petroleum.
In March 2020, Aliko Dangote donated 200 million Naira to the Nigerian government to halt the spread of Coronavirus in Nigeria.
Dangote was previously married, and has three daughters and one adopted son.
Top 10 richest people in Africa
|#1||Aliko Dangote||$10.1 B||63||cement, sugar, flour|
|#2||Nassef Sawiris||$8 B||59||construction, chemicals|
|#3||Mike Adenuga||$7.7 B||67||telecom, oil|
|#3||Nicky Oppenheimer||$7.7 B||75||diamonds|
|#5||Johann Rupert||$6.5 B||70||luxury goods|
|#6||Issad Rebrab||$4.4 B||76||food|
|#7||Mohamed Mansour||$3.3 B||72||diversified|
|#8||Abdulsamad Rabiu||$3.1 B||59||cement, sugar|
|#9||Naguib Sawiris||$3 B||66||telecom|
|#10||Patrice Motsepe||$2.6 B||58||mining|
Dangote once said and I quote “I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time.”
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Final thoughts on the richest man in Africa
Lets finish this post by looking at one of the best Aliko Dangote‘s quotes of all time, “To build a successful business you must start small but dream big. In the Journey of entrepreneurship, tenacity of purpose is supreme”. Aliko Dangote is truly a game-changer, and has helped transform and re-shape the world.