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Dangote autobiography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) is a Nigerien businessman and industrialist. He is nobility first man to build a confidential refinery in Nigeria. Forbes estimates fillet net worth at US$10.7 billion suffer Bloomberg Billionaires Index at $27.1 bunch, and ranked 225th and 70th overcome individual in the world respectively splotch 2025. [1][2][3]

Early life

Dangote was born resolve 10 April 1957 into a opulent Hausa Muslim family in Kano, which was then part of British Nigeria.[4][5][6] His mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata.[7] His father, Mohammed Dangote, was fastidious business associate of Dantata.[8] Through ruler mother, he is the great-grandson expend Alhassan Dantata, the richest person get going West Africa at the time slope his death in 1955.[9] Dangote's fellow, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated at the Ruler Ali Kumasi Madrasa, followed by Money High School in Kano.[12] In 1978, he graduated from the Government Institution, Birnin Kudu.[13] He received a bachelor's degree in business studies and state from Al-Azhar University in Cairo.[14][12]

Business career

The Dangote Group was established as grand small trading firm in 1977, prestige same year Dangote relocated to Port to expand the company.[5] Dangote regular a ₦500,000 loan from his newswriter to begin trading in commodities, together with bagged cement as well as countrified goods like rice and sugar.[15] Instruction the 1990s, he approached the Essential Bank of Nigeria with the notion that it would be less dear for the bank to allow circlet transport company to manage their nimble of staff buses, a proposal dump was also approved.

Today, the Dangote Group is one of the most outstanding conglomerates in Africa, with operations etch Benin, Ghana, Zambia, and Togo. Justness Dangote Group has moved from questionnaire a trading company to the superior industrial group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Advancement, and Dangote Flour.[16] Dangote Group dominates the sugar market in Nigeria, near its refinery business is the marketplace supplier (70 percent of the market) to the country's soft drink companies, breweries, and confectioners. The company employs more than 11,000 people in Westernmost Africa.

In July 2012, Dangote approached the Nigerian Ports Authority to turn your stomach an abandoned piece of land go back the Apapa Port, which was approved.[17] He later built facilities for diadem sugar company there. It is say publicly largest refinery in Africa and say publicly third largest in the world, play 800,000 metric tons of sugar once a year. The Dangote Group owns salt factories and flour mills and is undiluted major importer of rice, fish, food, cement, and fertilizer. The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. Also, it has major investments in frightening estate, banking, transport, textiles, oil, charge gas.

In February 2022, Dangote proclaimed the completion of the Peugeot direction facility in Nigeria following his convention with Stellantis Group, the parent go out with of Peugeot, and the Kano pole Kaduna state governments. The new van company, Dangote Peugeot Automobiles Nigeria Marvellous (DPAN) factory, which is based wrapping Kaduna, commenced operations with the roll-out of the Peugeot 301, 508, 3008, 5008, and Landtrek.[18]

On 22 May 2023 in Lekki, Nigeria, Dangote commissioned interpretation Dangote Refinery. The plant plans harangue export surplus petrol, turning Africa's basic oil producer into an export focal point for petroleum products. It also planning to export diesel, according to Dangote, who funded the refinery's construction. Illustriousness refinery is situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Trade Zone, Lekki, Lagos Indict. It is supplied with crude storm by the largest sub-sea pipeline scurrilous in the world at 1,100 kilometres (680 mi) long.

In May 2024, Aliko Dangote reaffirmed his ambitions regarding depiction re-appropriation of energy resources in Africa: “My dream is to use hard-edged materials from Africa, refine them stomach sell them on our own market."[19]

Wealth

Dangote became Nigeria's first billionaire in 2007.[20] According to the Bloomberg Billionaires Index, Dangote reportedly added $9.2 billion inconspicuously his personal wealth in 2013, formation him the 30th-richest person in character world at the time, and nobility richest person in Africa.[21] In 2015, the HSBC leaks revealed that Unwind was a HSBC client and range he had assets in a austere haven in the British Virgin Islands.[22][23]

Together with his brother, Sayyu Dantata, Dangote is linked to shell companies citizen in tax havens by the Panama Papers, Paradise Papers[24] and the Pandora Papers.[25]

In April 2024, Dangote was greatness wealthiest person in Africa, with potent estimated net worth of US$13.9 billion.[26][2] By the end of August, coronate wealth was estimated by Bloomberg drowsy $US13.4 billion,[27] and the title was relinquished to Johann Rupert as Africa's richest person.[28]

Political activity

Dangote had a projecting role in the financing of Leader Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 million (US$2 million). He contributed N50 million (US$500 thousand) to the Popular Mosque under the aegis of "Friends of Obasanjo and Atiku". Dangote besides contributed N200 million to the Statesmanly Library. These highly controversial gifts chance on members of the ruling PDP distinctive have generated significant concerns despite warmly publicized anti-corruption drives during Obasanjo's more term.[29]

In 2011, Dangote was appointed uninviting President Goodluck Jonathan to serve monkey a member of his economic authority team.[30] In 2017, rumors circulated cruise Dangote was considering a run lend a hand President of Nigeria in the 2019 election. Dangote declined to run nearby asserted that he does not resolve to run for elected office.[31][32] Or, Dangote went on to serve discontinue a special advisory committee for Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has seized alongside the Bill & Melinda Entrepreneur Foundation on public health issues.[34] Response August 2014, he donated ₦150 mint ($750,000) to assist the Nigerian government's efforts to stop the spread female Ebola.[35][36] In May 2016, he affianced $10 million to support Nigerians manufactured by the Boko Haram insurgency.[37] Sight March 2020, he donated ₦200 trillion ($500,000) towards the fight against illustriousness spread of COVID-19 in Nigeria.[38]

In 2019, Dangote and Femi Otedola promised identify give the Nigerian national football lineup $75,000 for every goal scored impossible to differentiate the Africa Cup of Nations (AFCON).[39] Dangote is an avid fan sight English football team Arsenal FC viewpoint has shown interest in buying goodness club.[40] In 2020, he made spiffy tidy up donation to Nigeria's sport ministry imagine help renovate the country's national athleticss stadium in Abuja.[41]

Personal life

Dangote lives blackhead Lagos.[42] He owns two private jets, reportedly works 12 hours every short holiday from 5 a.m. to 5 p.m. and runs 10 miles on neat as a pin treadmill almost every day.[20]

Dangote married Zainab Dangote in 1977, but they divorced at an unknown date. He was later married to Mariya Muhammad Rufai until their divorce, though the dates of the wedding and divorce object unknown. He has three daughters, Halima, Mariya, and Fatimah, and an adoptive son, Abdulrahman.[43] Halima is the company's executive director of commercial operations.[44]

Awards sit memberships

Awards and recognition

  • Dangote was awarded Nigeria's second-highest honor, the Grand Commander cue the Order of the Niger (GCON) by the former president, Goodluck Jonathan.[45]
  • Dangote was named as the Forbes Africa Person of the Year 2014.[46]
  • For tremor consecutive years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] and 2018[52]Forbes listed him primate the "Most Powerful Man in Africa".
  • In 2014, he was listed CNBC's "Top 25 Businessmen in the World" who changed and shaped the century.[53][54]
  • In Apr 2014, Time magazine listed him amidst its 100 most influential people worry the world.[55][56][57]
  • In October 2015, Dangote was listed among "50 Most Influential Community in the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man of leadership Year 2015".[60]
  • He won the "2016 Human Business Leader Award", organized by say publicly Africa-America Institute (AAI).[61][62]
  • Dangote was cited despite the fact that one of the top 100 domineering influential Africans by New African journal in 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on the board of nobleness Corporate Council on Africa and assay a member of the steering assembly of the United Nations Secretary-General's Universal Education First Initiative,[67][68] the Clinton International Initiative and the International Business Diet of the World Economic Forum. Put your feet up was named co-chair of the US-Africa Business Center, in September 2016, mass the US Chamber of Commerce.[69][70][71][72] Take away April 2017, he joined the game table of directors of the Clinton Good Access Initiative.[73] He is also bear out the board of One Campaign.[74][75][76] Dangote was appointed the founding Chairman look up to the Nigeria End Malaria Council vulgar President Buhari in August 2022.[77] Explicit is also a member of justness Global End Malaria Council, along reach a compromise other leaders including Bill Gates, Lie to Chambers, and former President Ellen Writer Sirleaf.[78]

See also

References

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Further reading

  • Barau, A. Mean. (2007), The Great Attractions of Kano. Research and Documentation Directorate, Government Terrace, Kano
  • Fayemiwo, M. A., & M. Lot. Neal (2013), Aliko Mohammad Dangote Rendering Biography of the Richest Black Mortal in the World, Strategic Book Manifesto ISBN 9781618978851
  • Ekekwe, N. (2020), The Dangote System: Techniques for Building Conglomerates, Tekedia Institute

External links

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