How rich is Aliko Dangote?


How rich is Aliko Dangote?

Aliko Dangote Net Worth:
$21.6 Billion

Aliko Dangote Net Worth:

Aliko Dangote Net Worth $25 Billion

The organization manages in Nigeria and other states in Africa, including Benin, Cameroon, Togo, Ghana, South Africa and Zambia. Dangote is rated by “Forbes Magazine” as the 23rd most affluent individual on earth as well as the wealthiest guy in Africa.

The Dangote Group was created as a small trading company in 1977. Now, it’s a multi-trillion naira conglomerate with a number of its own operations in Benin, Ghana, Nigeria, and Togo. At present, Dangote has enlarged his line of companies to additionally cover food processing, cement production, and cargo. The Dangote Group also controls the sugar market in Nigeria and is a significant sugar provider to the nation’s soft drink companies, breweries, and confectioners. The Dangote Group has transferred from being a trading company to being the biggest industrial group in Nigeria and these comprise: Dangote Sugar Refinery, Dangote Cement, and Dangote Flour, simply to mention a couple of. In July 2012, Dangote approached the Nigerian Ports Authority together with the concept of leasing an abandoned parcel of land in the Apapa Port, that has been welcomed and approved. He afterwards constructed facilities for his flour business there. In the 1990s he approached the Central Bank of Nigeria using the theory that it might be more affordable for the financial institution allowing his transport company to deal with their fleet of staff buses, a suggestion that was likewise approved. In Nigeria now, Dangote Group using its dominance in the sugar market and refinery company is the key provider (70% of the marketplace) to the united states ‘s soft drinks firms, breweries and confectioners. It’s the biggest refinery in Africa and the third biggest on the planet, making 800,000 tonnes of sugar per annum. The business exports cotton, cashew nuts, cocoa, sesame seed and ginger to a number of states. In addition, it has important investments in property, banking, transportation, textiles and petroleum and gasoline. The business employs over 11,000 individuals and is the biggest industrial conglomerate in the whole of West Africa.

Birth date: April 10, 1957 age 58
Birth place: Kano, Nigeria
Profession: Businessperson, Entrepreneur
Education: Al-Azhar University
Nationality: Nigeria
Children: Halima Dangote
Parents: Mohammed Dangote, Hajia Mariya Sanusi Dantata
Siblings: Sani Dangote

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