Aliko Dangote

Chairman, President & CEO, Dangote Industries Ltd

Birth DetailsApril 10, 1957 | Kano, Nigeria

NationalityNigerian

LeagueBusiness Leader

EducationGraduate in Business Studies, Al-Azhar University

Net Worth$8.1 billion (as of August 20, 2020)

Aliko Dangote's Assets:

Dangote Group

Aliko Dangote's Journey so far ...

With a small loan from his uncle, Aliko Dangote started his business career as a cement trader in 1977 after completing college
In 1981, he formally incorporated the business which eventually became Dangote Group
He soon diversified and began trading essential items such as sugar, flour, fish, rice, milk and iron
During the late ‘90s, he began shifting focus from trading to manufacturing to meet the growing demands of consumers in Nigeria
In 2000, he acquired Benue Cement Co. from the Nigerian government and subsequently entered the cement manufacturing business
Currently, Dangote Cement has a presence in 10 countries in Africa and is the largest cement producer in the Sub-Saharan region of the continent
Dangote Cement is a publicly-traded company of which Aliko Dangote owns 86% and in 2019, the company had revenue of $2.5 billion
Today, Dangote’s business group is the largest conglomerate in West Africa with a presence in 17 African countries. The group, along with cement, has interests in agricultural & food products, transportation, steel, fertilizer, real estate and more
The Dangote oil refinery, which is currently being constructed at a cost of $12 billion, is expected to become one of the largest oil refineries in the world when completed
As per latest reports, Dangote is the richest man in Africa
An active philanthropist, he made an endowment of $1.25 billion to the Dangote Foundation in 2014 to support its work in the areas of health, education and economic empowerment
He has also collaborated with the Bill & Melinda Gates Foundation and has become a part of Bono’s group, ONE, to help in the eradication of poverty, malnutrition and polio

Before you go ...

He is quite passionate about football and is a supporter of the English football club, Arsenal
All his group’s publicly-traded companies combined account for one-third of the total market capitalisation of the Nigerian Stock Exchange

Last Updated: 12/02/2021

Aliko Dangote News

From uncle's loan in 1977 to $36.8 billion today: The story of a quiet African titan reshaping global energy from Lagos
Aliko Dangote is widely regarded as Africa’s richest businessman and one of the most influential industrialists in the world. His journey began in 1977 when he started trading cement with a small loan from his uncle after completing college. Born on April 10, 1957, in Kano, Nigeria, he gradually built what became the Dangote Group. Over time, he expanded into sugar, flour, and cement manufacturing, later shifting toward large-scale industrial production. Today, his diversified empire spans industries across Africa, making him one of the continent’s wealthiest and most influential figures.
Nigeria's Dangote taps India’s EIL to double refining capacity to 1.4 million bpd
Nigeria's Dangote has contracted Engineers India Ltd to double its refining capacity to 1.4 million barrels per day within three years. The company also plans to expand urea production to 12 million tons annually and will temporarily shut its RFCC for maintenance. These expansions aim to significantly boost Dangote's petrochemical output.
Kris Gopalakrishnan to co-chair World Economic Forum annual meet next month
Infosys Vice-Chairman Kris Gopalakrishnan will co-chair the World Economic Forum (WEF) annual meeting next month in Switzerland.
Three of Indian-origin among Africa's 50 richest: Forbes
Bidco grossed over $ 500 million in annual revenues and its products are manufactured, sold and distributed in 14 countries across Africa.
India, Africa to discuss food security, trade matters
From India, Commerce and Industry Minister Anand Sharma will attend the third India-Africa Trade Ministers meeting and India-Africa Business Council meeting.
African tycoon to build $3.3 billion refinery in Nigeria
Forbes ranks Dangote as Africa's richest man with an estimated wealth of USD 16.1 billion. His companies also produce flour, cement and sugar.
TATA Consulting Engg wins contract from Nigeria's Dangote Grp
TCEL will assist the Dangote Group with review engineering, construction management, quality management, health and safety management and the entire gamut of project management services.
World Economic Forum on India to be held in Gurgaon to debate economic challenges
World Economic Summit on India to be held in Gurgaon will focus on addressing economic challenges like rising inflation and slowdown in growth.
Nigerian billionaire interested in Arsenal
Nigerian billionaire Aliko Dangote is reportedly interested in buying the 16 percent stake in Arsenal being sold by Nina Bracewell-Smith.