In this article, you will know more about Aliko Dangote biography and his net worth as of 2020?
There is hardly anyone in Nigeria who doesn’t know of the popular Aliko Dangote.
He is the richest businessman in all of Africa.
So how much is Aliko Dangote net worth exactly?
How did he become the richest African?
In this article, we will go through the life of the African billionaire.
We will go through his Aliko Dangote biography, his assets, mansions, and also his net worth as of 2020.
So without any other delay! let’s get started.
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Aliko Dangote Biography
Born on the 10 of April 1957, Aliko Dangote is a Nigerian business tycoon, entrepreneur, and philanthropist.
He is the CEO of the popular Dangote Group with so many subsidiaries across the continent.
As a company, Dangote Group is into the production of cement and other various products including processed food.
Though he started his business in Nigeria, it is now one of the biggest in Africa.
Aliko Dangote Personal Life
Aliko Dangote was born on the 10th of April 1957 in Kano state, Nigeria.
As a child, he was born with a silver spoon.
He was born to a very wealthy Muslim home and is the great-grandson of the popular Alhaji Alhaasan Dantata.
Dantata was the richest man in all of West Africa during his time.
He remained the richest in this region till he passed away in 1955.
Dangote attended the Sheikh Ali Kumasi Madrasa and then he proceeded to the Capital High School in Kano State, Nigeria.
When he finished high school, he enrolled at the Government College in Birnin Kudu.
After his college education, he later gained admission to study Business Studies and Administration at the Al-Azhar University in Cairo, Egypt.
Today, Dangote lives here in Nigeria.
He actually lives in one of his Mansions with his wife and children (three daughters and a son).
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Aliko Dangote Business Life
Aliko Dangote started his company ‘Dangote Group‘ back in 1977.
He started this company as a small company but later relocated it to Lagos in a bid to expand it.
Today, this company is one of the biggest companies in Africa.
They have subsidiaries spread across nations like Zambia, Ghana, Togo, Nigeria, Benin, Uganda, and more.
His company operates in different fields like food production, cement production, and more.
With the largest sugar refinery in Africa, The Dangote Group currently rules the sugar market in Nigeria.
Dangote is the major supplier of so many food products, cement, and several other products in Nigeria.
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Aliko Dangote’s Business Negotiations
In 2012, Aliko Dangote arranged with the NPA (Nigerian Ports Authority) to rent out an abandoned land at the Apapa seaport.
This was approved, so he used this to build mighty structures including a flour producing company.
Moreover, that was actually not the first time he had approached governmental bodies for deals.
Way back in the 90s, he even met with CBN (Central Bank of Nigeria).
He disclosed how it would be less expensive for the financial institution to permit his transport company to manage all their buses.
Besides, this proposal was approved too.
As a lover of sports, he has donated millions of naira to the Nigerian Sports sector.
Aliko Dangote’s Diverse Activities
Dangote donated for the restructuring of the National stadium at Abuja.
However, he was even once rumored to have been planning to buy the famous English club ‘Arsenal FC’.
This later died down, but there are reports that the billionaire is still interested in the deal.
Dangote accounts for a whopping 70% of the market supply of sugar.
He is the major supplier to different beverage companies both within and outside the nation.
With an annual production volume clocked at about 800,000 tonnes of sugar, his refinery remains safely the largest in Africa yet.
Aside from owning a sugar refinery, he also owns different flour Mills and salt factories.
He is the major importer of cashew nuts, sesame seeds, ginger, and many other products.
He is also the major exporter of cement to other African nations.
Aside from all these, the Dangote group is also into transport, real estate, banking, and oil & gas.
The Dangote group currently has thousands of workers and they keep growing by the day.
He is a very diverse businessman who is virtually into almost every genre of business even the telecommunications industry.
However, he also owns a project which handles the building of over 10,000 kilometers of fiber optic cables to supply the nation.
Through his hard work and the wonderful expansion of his company, Dangote received an honor back in 2009.
This Honour was given to him as the highest provider of employment in the construction industry in Nigeria.
He believes that if we put hands and heads together as Africans, we can achieve anything we want in the world.
Aliko Dangote’s Awards
- During the term of the former president of Nigeria ‘Goodluck Ebele Jonathan’, Aliko Dangote was given a high honor.
He was given the honor as the Grand Commander of the Order of the Niger (GCON).
This is the second highest honour in Nigeria.
- In 2014, Aliko Dangote was named the Forbes African Person of the year.
- He was listed as the Most Powerful Individual in Africa for a whopping six years in a row.
- The Time Magazine listed Aliko Dangote amongst the Most Influential People In the world (2014).
- Aliko was again listed as one of the Top 25 Businessmen in the World. in 2014.
This list is for businessmen that actually revolutionized and shaped the century with their businesses.
- Aliko Dangote was enlisted as one of the 59 Most Influential People in the World in 2015
This list of honour was from the Bloomberg Markets.
- Still in 2015,Dangote won the Guardian Man of the year Award.
- Just a year later (2016), he won the African Business Leader Award.
This award is hosted by the Africa-America Institute.
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Is Aliko Dangote A Philanthropist?
So you know the popular African billionaire but do not really know if he is an active philanthropist.
Well, the answer to the questions is; Yes. Aliko Dangote is a very active philanthropist.
He has carried out so many philanthropic projects across Africa, and he has gained a lot of recognition for it.
- Aliko Dangote is a board member of the Corporate Council of Africa.
- He is also a member of the Steering Committee of the UN’s Secretary General’s Global Education Development.
- A few years back, Dangote was made the co-chairman of the US-Africa Business Center.
This was in 2016, and it was done by the US Chamber of Commerce.
- Recently in 2017, Dangote joined and became a board director for the Clinton Health Access Initiative.
- As a very passionate philanthropist, Aliko Dangote even made a donation of $1.25 Billion to his own foundation called the Aliko Dangote Foundation.
This helped the foundation to improve its overall works in terms of education, Empowerment, health, and more.
Moreover, he is also working with the famous Bill & Melinda Gates Foundation to fight polio and other world issues.
Aliko Dangote holds so many sensitive posts in major philanthropic companies.
Being a passionate philanthropist, he works hard to improve the lives of the less privileged in the little way he can.
Activities And Donations By Aliko Dangote
Dangote played a crucial part in funding the former President Olusegun Obasanjo during his re-election bid in 2003.
Hebwas said to have given out a whopping #200 million Naira for this purpose.
Dangote once contributed the sum of 50 Million Naira to the National Mosque.
He contributed the sum of 200 Million Naira for the Presidential Library.
In 2013, Dangote’s net worth increased by a whopping $9.2 Billion, and this made him the number 30 person in the world.
Though he experienced some decrease in his net worth over the years, he still stands firm as the richest man in Africa.
Back in 2014 during the spread of the deadly Ebola Virus.
Dangote donated a whopping sum of 150 Million Naira to support Nigeria in the fight against Ebola.
More recently during the spread of the dreaded Covid-19 in Nigeria, he again donated the sum of 200 million Naira towards the fight against the disease.
Aliko Dangote and fellow billionaire Femi Otedola even once promised the Nigerian football team that for every goal scored in the AFCON 2019, they will receive a whopping sum of $75,000.
Dangote’s Cars and Mansions
Being a very rich businessman, Dangote surely lives a comfortable life today.
Just like every other rich person out there, Dangote owns several houses and a fleet of luxury cars.
He owns a mansion in the capital city of Nigeria ‘Abuja’.
The mansion is said to be worth $30million dollars (about 11 Billion Naira).
He currently lives there with his family.
Aside from his mansion in Abuja, he also has another huge mansion in Banana Island, Lagos State, Nigeria.
This house is said to be worth millions of dollars.
It is located in an area that is filled with other Nigerian celebrities.
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Some of the cars owned by Dangote are;
- Maybach 57s Knight Luxury (worth about $1 Million).
- Bugatti Veyron (worth up to $2 Million).
- Mercedes-Benz CL65 AMG (worth over $200k)
- Bentley Mulsanne (worth over $300,000) and many more.
Dangote Private Jet
Aside from his Mansions and luxury cars, Dangote also owns a private jet.
His private jet is a Bombardier Global Express XRS which is estimated to worth a mind-blowing $45 Million.
It was on his 53rd birthday that he bought this wonderful jet for himself.
Aliko Dangote Net Worth 2020
With several businesses and investments spread across different sectors of the world today,
Aliko Dangote has an estimated net worth of $101.8 billion today.
Final Thoughts on Aliko Dangote Biography and Net Worth
For some years now, Aliko Dangote has been the richest man both in Nigeria, and Africa as a whole.
He has won so many awards and recognition for his works, and he is loved by many for his philanthropic works.
Just like most rich people out there.
Dangote started his company ‘Dangote Group’ from a small level, and then expanded bit by bit.
His creativity is an inspiration to many others who wish to be like him.
With this piece, you can now see more about Aliko Dangote biography and also his net worth as of 2020.
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