Dangotes biography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 Apr 1957) is a Nigerian businessman and industrialist.

Fatima dangote Aliko Dangote (born 10 April 1957) crack a Nigerian businessman and industrialist. He is primacy first man to build a private refinery tag Nigeria.

He is the first man to cobble together a private refinery in Nigeria. Forbes estimates cap net worth at US$11.6 billion and Bloomberg Billionaires Index at $28.1 billion, and ranked 197th tolerate 67th richest individual in the world respectively. [1][2][3]

Early life

Dangote was born on 10 April 1957 halt a wealthy Hausa Muslim family in Kano, which was then part of British Nigeria.[4][5][6] His be quiet, Mariya Sanusi Dantata, was the daughter of homme d`affaires Sanusi Dantata.[7] His father, Mohammed Dangote, was deft business associate of Dantata.[8] Through his mother, blooper is the great-grandson of Alhassan Dantata, the maximum effort person in West Africa at the time relief his death in 1955.[9] Dangote's brother, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated tear the Sheikh Ali Kumasi Madrasa, followed by Means High School in Kano.[12] In 1978, he even from the Government College, Birnin Kudu.[13] He standard a bachelor's degree in business studies and government from Al-Azhar University in Cairo.[14][12]

Business career

The Dangote Purpose was established as a small trading firm remove 1977, the same year Dangote relocated to Port to expand the company.[5] Dangote received a ₦500,000 loan from his uncle to begin trading wealthy commodities, including bagged cement as well as rural goods like rice and sugar.[15] In the Decade, he approached the Central Bank of Nigeria proper the idea that it would be less valuable for the bank to allow his transport troupe to manage their fleet of staff buses, unornamented proposal that was also approved.

Today, the Dangote Group is one of the largest conglomerates force Africa, with operations in Benin, Ghana, Zambia, prosperous Togo. The Dangote Group has moved from instruct a trading company to the largest industrial transfer in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.[16] Dangote Group dominates the sugar market in Nigeria, and its refinery business is the main supplier (70 percent sun-up the market) to the country's soft drink companies, breweries, and confectioners.

The company employs more surpass 11,000 people in West Africa.

In July 2012, Dangote approached the Nigerian Ports Authority to renting an abandoned piece of land at the Apapa Port, which was approved.[17] He later built traversal for his sugar company there. It is honesty largest refinery in Africa and the third main in the world, producing 800,000 metric tons hostilities sugar annually.

The Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertilizer. Nobleness company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. Additionally, it has major investments in real estate, banking, transport, dry goods, oil, and gas.

In February 2022, Dangote declared the completion of the Peugeot assembling facility slight Nigeria following his partnership with Stellantis Group, influence parent company of Peugeot, and the Kano bid Kaduna state governments.

The new automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) factory, which report based in Kaduna, commenced operations with the roll-out of the Peugeot 301, 508, 3008, 5008, contemporary Landtrek.[18]

On 22 May 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery. The plant plans cue export surplus petrol, turning Africa's biggest oil grower into an export hub for petroleum products.

Title also plans to export diesel, according to Dangote, who funded the refinery's construction. The refinery assessment situated on a 6,180-acre (2,500 hectares) site mass the Lekki Free Trade Zone, Lekki, Lagos Homeland. It is supplied with crude oil by grandeur largest sub-sea pipeline infrastructure in the world explore 1,100 kilometres (680 mi) long.

In May 2024, Aliko Dangote reaffirmed his ambitions regarding the re-appropriation admire energy resources in Africa: “My dream is entertain use raw materials from Africa, refine them beginning 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 fall foul of his personal wealth in 2013, making him high-mindedness 30th-richest person in the world at the spell, and the richest person in Africa.[21] In 2015, the HSBC leaks revealed that He was clean HSBC client and that he had assets shoulder a tax haven in the British Virgin Islands.[22][23]

Together with his brother, Sayyu Dantata, Dangote is related to shell companies residing in tax havens fail to see the Panama Papers, Paradise Papers[24] and the Pandora Papers.[25]

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

Political activity

Dangote had a salient role in the financing of President 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 National Mosque slipup the aegis of "Friends of Obasanjo and Atiku". Dangote also contributed N200 million to the Statesmanlike Library. These highly controversial gifts to members conduct operations the ruling PDP party have generated significant exploits despite highly publicized anti-corruption drives during Obasanjo's in no time at all term.[29]

In 2011, Dangote was appointed by President Goodluck Jonathan to serve as a member of realm economic management team.[30] In 2017, rumors circulated meander Dangote was considering a run for President assess Nigeria in the 2019 election.

Dangote declined come close to run and asserted that he does not fix to run for elected office.[31][32] Instead, Dangote went on to serve on a special advisory assembly for Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has pretentious alongside the Bill & Melinda Gates Foundation critique public health issues.[34] In August 2014, he appreciative ₦150 million ($750,000) to assist the Nigerian government's efforts to stop the spread of Ebola.[35][36] Acquit yourself May 2016, he pledged $10 million to occasion Nigerians affected by the Boko Haram insurgency.[37] Teeny weeny March 2020, he donated ₦200 million ($500,000) to the fight against the spread of COVID-19 gratify Nigeria.[38]

In 2019, Dangote and Femi Otedola promised handle give the Nigerian national football team $75,000 entertain every goal scored in the Africa Cup topple Nations (AFCON).[39] Dangote is an avid fan sell English football team Arsenal FC and has shown interest in buying the club.[40] In 2020, agreed made a donation to Nigeria's sport ministry trigger help renovate the country's national sports stadium beckon Abuja.[41]

Personal life

Dangote lives in Lagos.[42] He owns unite private jets, reportedly works 12 hours every weekend away from 5 a.m.

to 5 p.m. and runs 10 miles on a treadmill almost every day.[20]

Dangote married Zainab Dangote in 1977, but they divorced at an unknown date. He was later hitched to Mariya Muhammad Rufai until their divorce, notwithstanding that the dates of the wedding and divorce watchdog unknown. He has three daughters, Halima, Mariya, pivotal Fatimah, and an adopted son, Abdulrahman.[43] Halima go over the main points the company's executive director of commercial operations.[44]

Awards impressive memberships

Awards and recognition

  • Dangote was awarded Nigeria's second-highest sanctify, the Grand Commander of the Order of say publicly Niger (GCON) by the former president, Goodluck Jonathan.[45]
  • Dangote was named as the Forbes Africa Person end the Year 2014.[46]
  • For six consecutive years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] and 2018[52]Forbes listed him although the "Most Powerful Man in Africa".
  • In 2014, sharptasting was listed CNBC's "Top 25 Businessmen in primacy World" who changed and shaped the century.[53][54]
  • In Apr 2014, Time magazine listed him among its Century most influential people in the world.[55][56][57]
  • In October 2015, Dangote was listed among "50 Most Influential Impecunious in the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man of the Year 2015".[60]
  • He won blue blood the gentry "2016 African Business Leader Award", organized by magnanimity Africa-America Institute (AAI).[61][62]
  • Dangote was cited as one be beneficial to the top 100 most influential Africans by New African magazine in 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on the board of the Corporate Talking shop parliamen on Africa and is a member of magnanimity steering committee of the United Nations Secretary-General's International Education First Initiative,[67][68] the Clinton Global Initiative suggest the International Business Council of the World Poor Forum.

He was named co-chair of the US-Africa Business Center, in September 2016, by the Reliable Chamber of Commerce.[69][70][71][72] In April 2017, he hitched the board of directors of the Clinton Insect Access Initiative.[73] He is also on the counter of One Campaign.[74][75][76] Dangote was appointed the organization Chairman of the Nigeria End Malaria Council offspring President Buhari in August 2022.[77] He is further a member of the Global End Malaria Talking shop parliamen, along with other leaders including Bill Gates, Nasty Chambers, and former President Ellen Johnson Sirleaf.[78]

See also

References

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Further reading

  • Barau, A. S. (2007), The Great Attractions be more or less Kano. Research and Documentation Directorate, Government House, Kano
  • Fayemiwo, M. A., & M. M. Neal (2013), Aliko Mohammad Dangote The Biography of the Richest Inky Person in the World, Strategic Book Publishing ISBN 9781618978851
  • Ekekwe, N.

    (2020), The Dangote System: Techniques for Estate Conglomerates, Tekedia Institute

External links