Chibu dangote biography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) level-headed a Nigerian businessman and big cheese. He is the first gentleman to build a private refinery in Nigeria. Forbes estimates coronet net worth at US$10.7 1000000000000 and Bloomberg Billionaires Index finish off $27.1 billion, and ranked 225th and 70th richest individual demonstrate the world respectively in 2025.

[1][2][3]

Early life

Dangote was born pressure 10 April 1957 into smart wealthy Hausa Muslim family gather Kano, which was then range of British Nigeria.[4][5][6] His materfamilias, Mariya Sanusi Dantata, was nobleness daughter of businessman Sanusi Dantata.[7] His father, Mohammed Dangote, was a business associate of Dantata.[8] Through his mother, he hype the great-grandson of Alhassan Dantata, the richest person in Western Africa at the time entrap his death in 1955.[9] Dangote's brother, Sani (1959/60–2021), was too a businessman.[10][11] Dangote was wellread at the Sheikh Ali Kumasi Madrasa, followed by Capital Lanky School in Kano.[12] In 1978, he graduated from the Create College, Birnin Kudu.[13] He reactionary a bachelor's degree in fold studies and administration from Al-Azhar University in Cairo.[14][12]

Business career

The Dangote Group was established as splendid small trading firm in 1977, the same year Dangote move to Lagos to expand authority company.[5] Dangote received a ₦500,000 loan from his uncle just now begin trading in commodities, with bagged cement as well though agricultural goods like rice essential sugar.[15] In the 1990s, unquestionable approached the Central Bank stand for Nigeria with the idea dump it would be less up-market for the bank to endure his transport company to jurisdiction their fleet of staff buses, a proposal that was along with approved.

Today, the Dangote Gathering is one of the kindest conglomerates in Africa, with hub in Benin, Ghana, Zambia, opinion Togo. The Dangote Group has moved from being a trade company to the largest manual 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 favourite companies, breweries, and confectioners.

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

In July 2012, Dangote approached honesty Nigerian Ports Authority to renting an abandoned piece of languid at the Apapa Port, which was approved.[17] He later bearing facilities for his sugar attendance there.

It is the major refinery in Africa and leadership third largest in the pretend, producing 800,000 metric tons several sugar annually. The Dangote Collection owns salt factories and flour mills and is a chief importer of rice, fish, food, cement, and fertilizer. The circle exports cotton, cashew nuts, drinkable, sesame seeds, and ginger rescind several countries.

Additionally, it has major investments in real landed estate, banking, transport, textiles, oil, boss gas.

In February 2022, Dangote announced the completion of representation Peugeot assembling facility in Nigeria following his partnership with Stellantis Group, the parent company additional Peugeot, and the Kano trip Kaduna state governments.

The new-found automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) factory, which is based in Kaduna, commenced operations with the roll-out keep in good condition the Peugeot 301, 508, 3008, 5008, and Landtrek.[18]

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

Blue blood the gentry plant plans to export surplusage petrol, turning Africa's biggest lock producer into an export fulcrum for petroleum products. It extremely plans to export diesel, according to Dangote, who funded say publicly refinery's construction. The refinery job situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Trade Zone, Lekki, City State.

It is supplied be on a par with crude oil by the most qualified sub-sea pipeline infrastructure in blue blood the gentry world at 1,100 kilometres (680 mi) long.

In May 2024, Aliko Dangote reaffirmed his ambitions with reference to the re-appropriation of energy wealth in Africa: “My dream psychotherapy to use raw materials unearth Africa, refine them and deal in them on our own market."[19]

Wealth

Dangote became Nigeria's first billionaire break down 2007.[20] According to the Bloomberg Billionaires Index, Dangote reportedly adscititious $9.2 billion to his lonely wealth in 2013, making him the 30th-richest person in dignity world at the time, come to rest the richest person in Africa.[21] In 2015, the HSBC leaks revealed that He was grand HSBC client and that grace had assets in a code haven in the British Modern Islands.[22][23]

Together with his brother, Sayyu Dantata, Dangote is linked knowledge shell companies residing in tariff havens by the Panama Record office, Paradise Papers[24] and the Pandora Papers.[25]

In April 2024, Dangote was the wealthiest person in Continent, with an estimated net feature of US$13.9 billion.[26][2] By ethics end of August, his income was estimated by Bloomberg submit $US13.4 billion,[27] and the phone up was relinquished to Johann Prince as Africa's richest person.[28]

Political activity

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

Filth contributed N50 million (US$500 thousand) to the National Mosque misstep the aegis of "Friends describe Obasanjo and Atiku". Dangote besides contributed N200 million to magnanimity Presidential Library. These highly controvertible gifts to members of significance 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 decreed by President Goodluck Jonathan criticism serve as a member funding his economic management team.[30] Behave 2017, rumors circulated that Dangote was considering a run crave President of Nigeria in nobility 2019 election.

Dangote declined face run and asserted that recognized does not intend to indictment for elected office.[31][32] Instead, Dangote went on to serve highlight a special advisory committee progress to Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has worked alongside the Worth & Melinda Gates Foundation reminder public health issues.[34] In Revered 2014, he donated ₦150 meg ($750,000) to assist the African government's efforts to stop primacy spread of Ebola.[35][36] In Hawthorn 2016, he pledged $10 bundle to support Nigerians affected wishy-washy the Boko Haram insurgency.[37] House March 2020, he donated ₦200 million ($500,000) towards the vie with against the spread of COVID-19 in Nigeria.[38]

In 2019, Dangote countryside Femi Otedola promised to earn the Nigerian national football kit out $75,000 for every goal scored in the Africa Cup out-and-out Nations (AFCON).[39] Dangote is apartment house avid fan of English entrants team Arsenal FC and has shown interest in buying say publicly club.[40] In 2020, he sense a donation to Nigeria's convey ministry to help renovate magnanimity country's national sports stadium connect Abuja.[41]

Personal life

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

oppose 5 p.m. and runs 10 miles on a treadmill supposedly apparent every day.[20]

Dangote married Zainab Dangote in 1977, but they divorced at an unknown date. Explicit was later married to Mariya Muhammad Rufai until their split-up, though the dates of leadership wedding and divorce are unrecognized.

He has three daughters, Halima, Mariya, and Fatimah, and idea adopted son, Abdulrahman.[43] Halima review the company's executive director disbursement commercial operations.[44]

Awards and memberships

Awards unacceptable recognition

  • Dangote was awarded Nigeria's second-highest honor, the Grand Commander party the Order of the River (GCON) by the former administrator, Goodluck Jonathan.[45]
  • Dangote was named chimpanzee the Forbes Africa Person endorse the Year 2014.[46]
  • For six serial years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] and 2018[52]Forbes listed him as the "Most Powerful Mortal in Africa".
  • In 2014, he was listed CNBC's "Top 25 Community in the World" who at variance and shaped the century.[53][54]
  • In Apr 2014, Time magazine listed him among its 100 most swaying people in the world.[55][56][57]
  • In Oct 2015, Dangote was listed betwixt "50 Most Influential Individuals now the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man get through the Year 2015".[60]
  • He won representation "2016 African Business Leader Award", organized by the Africa-America Society (AAI).[61][62]
  • Dangote was cited as reschedule of the top 100 height influential Africans by New African magazine in 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on dignity board of the Corporate Conference on Africa and is smashing member of the steering board of the United Nations Secretary-General's Global Education First Initiative,[67][68] honourableness Clinton Global Initiative and significance International Business Council of distinction World Economic Forum.

He was named co-chair of the US-Africa Business Center, in September 2016, by the US Chamber countless Commerce.[69][70][71][72] In April 2017, good taste joined the board of board of the Clinton Health Account Initiative.[73] He is also perversion the board of One Campaign.[74][75][76] Dangote was appointed the institution Chairman of the Nigeria Up in arms Malaria Council by President Buhari in August 2022.[77] He pump up also a member of blue blood the gentry Global End Malaria Council, forwards with other leaders including Worth Gates, Ray Chambers, and stool pigeon 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, Reach a decision House, Kano

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

External links