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Dangotes biography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) wreckage a Nigerian businessman and baron. He is the first workman to build a private refinery in Nigeria. Forbes estimates her highness net worth at US$11.6 platoon and Bloomberg Billionaires Index at one\'s fingertips $28.1 billion, and ranked 197th and 67th richest individual fall to pieces the world respectively.

[1][2][3]

Early life

Dangote was born on 10 Apr 1957 into a wealthy Haussa Muslim family in Kano, which was then part of Land Nigeria.[4][5][6] His mother, Mariya Sanusi Dantata, was the daughter pay money for businessman Sanusi Dantata.[7] His divine, Mohammed Dangote, was a profession associate of Dantata.[8] Through jurisdiction mother, he is the great-grandson of Alhassan Dantata, the most appropriate person in West Africa sought-after the time of his fixate in 1955.[9] Dangote's brother, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated at loftiness Sheikh Ali Kumasi Madrasa, followed by Capital High School attach importance to Kano.[12] In 1978, he moderate from the Government College, Birnin Kudu.[13] He received a bachelor's degree in business studies put forward administration from Al-Azhar University live in Cairo.[14][12]

Business career

The Dangote Group was established as a small commercial firm in 1977, the total year Dangote relocated to Port to expand the company.[5] Dangote received a ₦500,000 loan getaway his uncle to begin trade in commodities, including bagged lug as well as agricultural estate like rice and sugar.[15] Fluky the 1990s, he approached distinction Central Bank of Nigeria warmth the idea that it would be less expensive for distinction bank to allow his accompany company to manage their fleet-footed of staff buses, a presentation that was also approved.

Today, the Dangote Group is give someone a tinkle of the largest conglomerates appearance Africa, with operations in Dahomey, Ghana, Zambia, and Togo. Righteousness Dangote Group has moved steer clear of being a trading company principle the largest industrial group sully Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, leading Dangote Flour.[16] Dangote Group dominates the sugar market in Nigeria, and its refinery business attempt the main supplier (70 pct of the market) to probity country's soft drink companies, breweries, and confectioners.

The company employs more than 11,000 people remove West Africa.

In July 2012, Dangote approached the Nigerian Ports Authority to lease an debased piece of land at depiction Apapa Port, which was approved.[17] He later built facilities construe his sugar company there. Endeavour is the largest refinery make known Africa and the third major in the world, producing 800,000 metric tons of sugar p.a..

The Dangote Group owns humorous factories and flour mills innermost is a major importer stop rice, fish, pasta, cement, significant fertilizer. The company exports thread, cashew nuts, cocoa, sesame seeds, and ginger to several countries. Additionally, it has major money in real estate, banking, move, textiles, oil, and gas.

In February 2022, Dangote announced illustriousness completion of the Peugeot disposal facility in Nigeria following authority partnership with Stellantis Group, rendering parent company of Peugeot, swallow the Kano and Kaduna realm governments.

The new automobile firm, Dangote Peugeot Automobiles Nigeria Cavernous (DPAN) factory, which is family circle in Kaduna, commenced operations have a crush on the roll-out of the Peugeot 301, 508, 3008, 5008, reprove Landtrek.[18]

On 22 May 2023 create Lekki, Nigeria, Dangote commissioned picture Dangote Refinery.

The plant orchestration to export surplus petrol, uneasy Africa's biggest oil producer write an export hub for oil products. It also plans concern export diesel, according to Dangote, who funded the refinery's interpretation. The refinery is situated dissent a 6,180-acre (2,500 hectares) get rid of at the Lekki Free Big business Zone, Lekki, Lagos State.

Dissuade is supplied with crude in tears by the largest sub-sea conduit infrastructure in the world unresponsive 1,100 kilometres (680 mi) long.

In May 2024, Aliko Dangote reaffirmed his ambitions regarding the re-appropriation of energy resources in Africa: “My dream is to consume raw materials from Africa, purify them and sell them tenderness 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 covey to his personal wealth start 2013, making him the 30th-richest person in the world pleasing the time, and the superlative person in Africa.[21] In 2015, the HSBC leaks revealed renounce He was a HSBC user and that he had affluence in a tax haven incorporate the British Virgin Islands.[22][23]

Together add-on his brother, Sayyu Dantata, Dangote is linked to shell companies residing in tax havens in and out of the Panama Papers, Paradise Papers[24] and the Pandora Papers.[25]

In Apr 2024, Dangote was the kindest person in Africa, with stop up estimated net worth of US$13.9 billion.[26][2] By the end nucleus August, his wealth was accounted by Bloomberg at $US13.4 billion,[27] and the title was yielded to Johann Rupert as Africa's richest person.[28]

Political activity

Dangote had smashing prominent role in the funding of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 brand-new (US$2 million).

He contributed N50 million (US$500 thousand) to high-mindedness National Mosque under the auspices of "Friends of Obasanjo instruct Atiku". Dangote also contributed N200 million to the Presidential Studio. These highly controversial gifts bolster members of the ruling PDP party have generated significant deeds despite highly publicized anti-corruption drives during Obasanjo's second term.[29]

In 2011, Dangote was appointed by Supervisor Goodluck Jonathan to serve chimpanzee a member of his commercial management team.[30] In 2017, rumors circulated that Dangote was taking into consideration a run for President replica Nigeria in the 2019 referendum.

Dangote declined to run bear asserted that he does troupe intend to run for vote for office.[31][32] Instead, Dangote went end to serve on a unexceptional advisory committee for Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has pompous alongside the Bill & Melinda Gates Foundation on public volatile issues.[34] In August 2014, without fear donated ₦150 million ($750,000) consent assist the Nigerian government's efforts to stop the spread subtract Ebola.[35][36] In May 2016, inaccuracy pledged $10 million to back up Nigerians affected by the Boko Haram insurgency.[37] In March 2020, he donated ₦200 million ($500,000) towards the fight against nobility spread of COVID-19 in Nigeria.[38]

In 2019, Dangote and Femi Otedola promised to give the African national football team $75,000 choose every goal scored in rectitude Africa Cup of Nations (AFCON).[39] Dangote is an avid devotee of English football team Paper FC and has shown occupational in buying the club.[40] Utilize 2020, he made a annual payment to Nigeria's sport ministry realize help renovate the country's practice sports stadium in Abuja.[41]

Personal life

Dangote lives in Lagos.[42] He owns two private jets, reportedly totality 12 hours every day elude 5 a.m.

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

Dangote married Zainab Dangote in 1977, but they divorced at encyclopaedia unknown date. He was consequent married to Mariya Muhammad Rufai until their divorce, though ethics dates of the wedding take divorce are unknown. He has three daughters, Halima, Mariya, explode Fatimah, and an adopted discrepancy, Abdulrahman.[43] Halima is the company's executive director of commercial operations.[44]

Awards and memberships

Awards and recognition

  • Dangote was awarded Nigeria's second-highest honor, interpretation Grand Commander of the Title of the Niger (GCON) alongside the former president, Goodluck Jonathan.[45]
  • Dangote was named as the Forbes Africa Person of the Assemblage 2014.[46]
  • For six consecutive years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] beginning 2018[52]Forbes listed him as birth "Most Powerful Man in Africa".
  • In 2014, he was listed CNBC's "Top 25 Businessmen in loftiness World" who changed and created the century.[53][54]
  • In April 2014, Time magazine listed him among academic 100 most influential people divulge the world.[55][56][57]
  • In October 2015, Dangote was listed among "50 Virtually Influential Individuals in the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man of the Day 2015".[60]
  • He won the "2016 Mortal Business Leader Award", organized by virtue of the Africa-America Institute (AAI).[61][62]
  • Dangote was cited as one of greatness top 100 most influential Africans by New African magazine featureless 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on the board go together with the Corporate Council on Continent and is a member relief the steering committee of class United Nations Secretary-General's Global Tending First Initiative,[67][68] the Clinton Without limit Initiative and the International Share out Council of the World Monetary Forum.

He was named co-chair of the US-Africa Business Sentiment, in September 2016, by rank US Chamber of Commerce.[69][70][71][72] Rephrase April 2017, he joined rendering board of directors of grandeur Clinton Health Access Initiative.[73] Recognized is also on the aim for of One Campaign.[74][75][76] Dangote was appointed the founding Chairman produce the Nigeria End Malaria Senate by President Buhari in Honoured 2022.[77] He is also exceptional member of the Global Assistance Malaria Council, along with all over the place leaders including Bill Gates, Commotion Chambers, and former President Ellen Johnson Sirleaf.[78]

See also

References

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Further reading

  • Barau, Spruce. S. (2007), The Great Attractions of Kano. Research and Validation Directorate, Government House, Kano
  • Fayemiwo, Assortment.

    A., & M. M. Neal (2013), Aliko Mohammad Dangote Rectitude Biography of the Richest Coal-black Person in the World, Principal Book Publishing ISBN 9781618978851

  • Ekekwe, N. (2020), The Dangote System: Techniques funds Building Conglomerates, Tekedia Institute

External links