Aliko Dangote Net Worth is$2.5 Billion
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Profession: Businessperson, Chief Executive Officer, Entrepreneur
Date of Birth: Apr 10, 1957
Ethnicity: Fula people
Country: Nigeria
Aliko Dangote is a Nigerian Businessman whose net worth has reached the heights of $2.5 billion. Aliko Dangote earned his net worth by founding The Dangote Group and now controls much of Nigerias commodoties trade. He was born in Kano Nigeria and founded the Dangote Group in 1977 and is now the successful CEO and Chairman.
Alhaji Aliko Dangote, MFR, GCON (born 10 April 1957, Kano, Nigeria) is a Nigerian self-made business magnate, with an estimated net worth of $11.2 billion USD as of March 2012. Based in Nigeria, he is the owner of the Dangote Group, which has interests in commodities with operations in his homeland and several other countries in Africa, including Benin, Cameroon, Ghana, South Africa and Zambia.
Dangote is ranked by Forbes Magazine as the 76th richest person in the world.
The Dangote Group, originally a small trading firm founded in 1977, is now a multi-trillion naira conglomerate with operations in Benin, Ghana, Nigeria, and Togo. Dangote's businesses include food processing, cement manufacturing, and freight. The Dangote Group dominates the sugar market in Nigeria: it is the major sugar supplier to the country's soft drink companies, breweries, and confectioners. Dangote Group has moved from being a trading company to Nigeria's largest industrial group, including Dangote Sugar Refinery (the most capitalized company on the Nigeria Stock Exchange, valued at over US$3 billion with Aliko Dangote's equity topping US$2 billion), Africa's largest Cement Production Plant: Obajana Cement, Dangote Flour amongst others.
Dangote played a prominent role in the funding of Obasanjo's re-election campaign in 2003, to which he contributed over N200 million (US$2M). He gave N50 million (US$0.5M) to the National Mosque under the aegis of "Friends of Obasanjo and Atiku", and contributed N200 million to the Presidential Library. These controversial gifts to members of the ruling People's Democratic Party have contributed to concerns over continued graft despite highly-publicized anti-corruption drives during Obasanjo's second term.[citation needed]
On 23 May 2010, England's Daily Mirror reported that Dangote was interested in buying a 16 percent stake in Premiership side Arsenal belonging to Lady Nina Bracewell-Smith. Dangote later denied these rumours.
On 14 November, 2

Aliko Dangote Net Worth, 3.3 out of 5 based on 19 ratings

Aliko Dangote Latest News

Aliko Dangote reiterates desire to take over Arsenal

Aliko Dangote has once again spoken about his hopes to take control of Arsenal. The entrepreneur, listed by Forbes magazine as the 67th richest man in the world, claims to have supported the Gunners since 1986. There is no suggestion that either Stan ...
Posted: October 25, 2016, 6:48 am

Dangote Group Sacks 48 Workers Due to Nigeria Recession

According to NationalParrot, the Dangote Group let go 48 workers Thursday due to “a challenging year for business” in a letter reportedly signed by Chairman Aliko Dangote. “This first phase of this exercise involved retrenching 36 expatriate staff ...
Posted: October 25, 2016, 6:33 am

Nigeria's unending forex crisis hurting business

Lagos (AFP) - Nigeria's currency scarcity remains a nightmare that won't go away, with even Africa's richest man Aliko Dangote feeling the pain. The West African country's economy has been hammered by the global crash in oil prices -- worth 70 per cent of ...
Posted: October 26, 2016, 8:21 pm
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