are unknown. On one subject, though, he is always articulate. From 2010 to 2013, Nigerian GDP expanded by an average of 5% a year. They can produce 800,000 tons of sugar per year. Africas Richest Man Aliko Dangote To Build $60 Million Cement Factory In Togo, Africa's Richest Man Pledges $3 Million To 106,000 Low Income Women, Africa's Richest Man Aliko Dangote To Pocket $650 Million In Dividends, Nigerian Business Leaders Aliko Dangote, Bella Disu, Jim Ovia Attend Choose France Summit, Africa's Richest Man Aliko Dangote Gets $650 Million Loan From Afreximbank For Oil Refinery, Gunmen Kill Dangote Cement Country Manager In Ethiopia, Africa's Richest Man Aliko Dangote Pledges $100 Million To Fight Malnutrition In Nigeria, Africa's Richest Man Aliko Dangote Criticizes Tanzanian President Over Policies, Africa's Richest Man Aliko Dangote To Invest $700 Million In Sugar Processing, Africa's Richest Man Aliko Dangote Plans More Investments In Zambia, Africa's Richest Man Aliko Dangote Still Plans To Take Over Arsenal, Africa's Richest Man Aliko Dangote To Invest $170 Million In Rice, Sugar Production In Nasarawa, Africa's Richest Man Aliko Dangote Suspends Production Of Tomato Paste, Africa's Richest Man Aliko Dangote Bids For Automaker Peugeot Nigeria, Africa's Richest Man Aliko Dangote Opens Tomato Processing Factory, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Sanusi Dantata Net Worth. Aliko Dangote has at times been the richest person in Africa. Dangote is the richest African globally and an inspiration for the young minds who want to succeed as entrepreneurs. Dangotes brother, Sani, dies in US hospital. Aliko Dangote #1 on the Africa's 50 Richest list, Bachelor of Arts/Science, Al-Azhar University. Aliko Dangote on Wednesday narrated how his younger brother Sani died in one of the best hospitals in Miami, the USA. BENIN CITY - I am shocked and deeply saddened by the news of the passing of my dear friend and brother, Alhaji Sani Dangote, the Vice President of Dangote Group, who died in the United States of America (USA) after a protracted illness. Invest with local partners instead. He later commissioned the Obajana Cement Plant, currently the largest cement facility in sub-Saharan Africa. Upon his return, a powerful uncle secured him a highly lucrative government contract to manufacture cement plus a $5000 loan to launch a small business. As a businessman, without good negotiating skills, you wont go far in business. As of April 2023, Aliko Dangote's net worth is estimated to be $21 Billion. It also imports fish, rice, pasta, fertilizer, and cement. Aliko Dangote is the founding president and CEO of the Dangote Group conglomerate. Related by origin of wealth: Cement, sugar. 2023 Celebrity Net Worth / All Rights Reserved. Dangote Cement listed on the NSE in 2010 as a $1.3 billion-in-sales company. Abdulrahmans family details including that of his wife, children of his own, his educational qualifications, responsibilities in his fathers company, etc. our complete methodology , Design & development: He died on Sunday after a brief illness in the United States. Czech professional tennis player Petra Kvitova has earned a substantial net worth as one of the world's greatest players to ever compete on the court. Godwin Obaseki The Aliko Dangote Foundation (ADF) has pledged to provide grants totaling $3.06 million to 106,000 women across northern Nigeria before the end of 2019. We welcome all corrections and feedback using the button below. He was an avid polo player and two-time president of the Lagos Polo Club, where his chivalry and good nature were infectious. By the time Dangote Sugar debuted on the Nigerian Stock Exchange in 2007, sales had quadrupled to $450 million. Mr Dangote was a businessman with more than 30 years' experience in manufacturing, agriculture and oil services. Nigeria's President Muhammadu Buhari, on Wednesday, sent a delegation to represent him in Kano at the burial of Alhaji Sani Dangote, younger brother of Africa's richest man, Aliko Dangote, who died on November 14 in the United States after a protracted illness. In 2008, Halimah got married to Sulaiman Sani Bello during her academic pursuit in the United Kingdom. As of 2015, Aliko Dangote has a net worth of 16.6 billion USD. He was a member of several Chambers of Commerce, a Fellow of the Chartered Institute of Shipping of Nigeria and President of the Fertiliser Producers and Suppliers Association (FERSAN). Forbes estimates the net worth of Rabiu and Dangote at $3.2bn and $8.3bn respectively as of July 2020. Yet a majority of the people subsist on less than $1.25 a day. She is the founder and MD/CEO of a Cupcake Factory located in Lagos. After graduating from Egypt's Al-Azhar University with a degree in business, Dangote returned to Nigeria, where he started his own cement trading business funded by a loan from his uncle. Thanks for signing up for our daily insight on the African economy. He is said to have fathered 12 more along with 5 grandchildren too. Hes worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities. Aliko Dangote, Africas richest man, has concluded plans to invest roughly $60 million in Togo in the construction of a cement manufacturing facility. Three of Alikos daughters are publicly well known. As of , What is Justin Bieber's net worth? As of What is Novak Djokovic's net worth? He holds the shares in the company directly and through his conglomerate, Dangote Industries. Aliko Dangote, Africas richest man, has pledged to invest $100 million over 5 years to tackle malnutrition in Nigerias worst affected regions. After graduation, he asked his grandfather for permission to move to Lagos. In a bid to widen her business and Administration horizon, Halima Dangote attended several leadership development programs at Harvard, Oxford, and MIT. In another dramatic sign of his country's emergence, Nigeria has overtaken South Africa on FORBES' 50 Richest in Africa ranking. But whether it's Jonathan or someone else ruling Nigeria, observers find it difficult to believe that anyone would shut him out of the presidential palace. ", Last August, as the Islamic State overran northern Iraq and Boko Haram was declaring its own caliphate in Nigeria, the White House held a U.S.-Africa trade summit in Washington, D.C. A highlight was the announcement of a $5 billion fund backed by Wall Street billionaire Steve Schwarzman's Blackstone Group--and Dangote. Aliko Dangote is a Nigerian businessman who has earned his net worth by founding The Dangote Group, which now controls much of Nigerias commodities trade. She is the Director of Commercial operations in her daring fathers company Dangote Group, an African business conglomerate. While its a known fact that Aliko Dangote is an insightful business mogul, multi-billionaire, and the CEO of the Dangote Group of Companies. Africas richest man, Aliko Dangote, is set to pocket almost $650 million in dividends from profits made by his Dangote Cement in 2018. 2. His business is presented in a lot of countries. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, As evidence, look no further than Dangote's No. Aliko Dangote family picture. The wedding Fatiha and ceremony were held in 8 distinct locations hosted by the big guns and crme de crme of the society. The drop in crude prices prompted the oil-rich country's stock index to plunge 40% last year, taking Dangote's net worth down in lockstep--no surprise, since his companies account for almost a third of the nation's benchmark index (his $10.3 billion drop in net worth was the world's largest last year). President of Dangote Group, Aliko Dangote, has emerged as the 72nd richest person in the world with an estimated net worth of $20.4 billion, according to the latest data on Bloomberg's billionaires' index. Dansa Food Processing Company . Aliko Dangote, Africas richest man, has disclosed that he plans to buy English Premier League team, Arsenal, within the next four years a bid that could make him the first African owner of a Premier League club if successful. After I enter, a butler motions to a sitting room overlooking a patio and a blue-tiled pool. By Yushau A. Shuaib, Lagos, Kano Get Lions Share In N42bn Ecology Fund NBS, FG Loses $1bn Annually In Maritime Sector, Ajaokuta Steel Company Gets N4.3bn for Revival, MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance. Till now, her age, childhood life, and other similar facts about her are not yet revealed to the general public because of her reserved nature. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. He has three siblings - Sani Dangote, Bello Dangote and a younger brother who lost his life in an air crash in Kano with Ibrahim Abacha in 1996. In his interview with Financial Time 2020, Alhaji Aliko Dangote said he had no time for wife. I believe in hard work, and one of my business success secrets is hard work. Other politics-related donations he has made, in particular related to members of the ruling PDP party, include a N50 million (US $500,000) contribution to the National Mosque with the backing of "Friend of Obasanjo and Atiku". Aliko Dangote is a Nigerian businessman and philanthropist. Dangote Spouse Dangote Group, the West African conglomerate founded by Africas richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) to enable him complete the $10 billion oil refinery and petrochemical complex he is building in Lekki, Nigeria. Former professional tennis player Stefan Edberg has earned a remarkable fortune as a six-time Grand Slam champion. Each net worth figure is updated every business day after the close of trading in New York. But Dangote is hardly the hermetic workaholic ("I don't think I'll ever retire") he puts on. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. Subsequently, she furthered her educational career and obtained a Master of Business Administration at the Webster Business School, London. Find contact's direct phone number, email address, work history, and more. After many years in development, Dangote's fertilizer plant in Nigeria began operations in March 2022. Economic Confidential had reported that Alhaji Sani Dangote was the Group Vice . Valuations are Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. Steve Nash is a former National Basketball Association player, and current coach, who is considered one of the greatest point guards of all time. One Sunday last month found Dangote on his yacht--christened Mariya after his mother--and then flying to Geneva on Monday to see his grandchildren. Ahmed Wase have expressed sadness over the death of the Vice President of the Dangote Group, Alhaji Sani Dangote. According to research, it was revealed that Halimah, like other daughters of the Africans Richest man, studied abroad. A year later, he bought the Benue Cement Co. from the Nigerian government. Dangote remains the only African billionaire in the top 100 list. They all have Masters degrees to their names. Another recent social call: breakfast with former president Obasanjo, then onto Abuja to meet the current president. And no one foresaw him as the Chief Executive Officer of Dangotes empire, a multi-billion multinationals company in Africa. Self-reliance and a supremely healthy ego blend seamlessly into a cult of personality at Dangote's firms. Its net value is based on a discounted cash flow analysis by KPMG. And she also doubles as the Board Chairman of Africa Centre in New York, United States of America. "By that time all the dead bodies will have been removed from the street. Its areas of operation include food processing, cement manufacturing, freight, sugar refinement, etc. In 1977, Dangote launched the Dangote Group, and over the last 35 years, the company has grown at an extraordinarily fast pace. In recognition of his sterling leadership qualities, he was appointed as the Consul-General of the Romanian Embassy in Nigeria. Well, in this publication today, we shall be bringing to your hearing the names of all Dangotes children, their ages, occupation, etc. Alhaji Sani also known as just Sani is the only brother and sibling of Aliko. Africas richest man, Aliko Dangote, plans to invest in the energy and agricultural sectors of Zambia. A practicing Muslim, Dangote goes by the title "Alhaji," an honorific granted to a man who has completed the pilgrimage to Mecca. Shehu Sani, a former federal lawmaker, has highlighted the lessons from the death of Sani Dangote, the younger brother of Aliko Dangote, Africas richest businessman. Far from its humble origins, the Group actually consists of multiple companies and subsidiaries, including Dangote Sugar Refinery, Dangote Cement, and Dangote Flour, to name a few. Every entrepreneur knows that he must diligently build his company into a brand the customers must identify with if he must be successful. Being a certified marketer, Halimah is serving on the board of the Dangote group, Nascon, and Dangote Foundations. Having spent time in Brazil and witnessing that country's rise to an industrial superpower, he was inspired to seek the same opportunities in Nigeria. May the soul of Sani Dangote rest in Peace. Aliko Dangote, its high time we consider his childrens biographies too. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest They are actually the main player in the Nigerian sugar market, and are the supplier for most of the country's soft drink companies, breweries, and confectioners; the Dangote Group makes up about 70 percent of the market. A 1994 diplomatic cable singled him out as a businessman to know in Nigeria and drew attention to his clan's homes in Kano, Lagos, London and Atlanta. Its hard to see a youth that will go to bed by 2 am and wake up by 5 am. ___________________________________________________________________________________________________________________ Some rich kids love living a simple life while other rich heirs in the society love living large. A thorough-bred businessman and pacesetting entrepreneur, Sani had a knack for excellence, which is evident in the chains of businesses he set up and managed, ranging from agriculture to manufacturing, banking and oil services. The wealthiest man in Africas first born and the eldest daughter is an Entrepreneur and philanthropist. At the time Dangote's sugar and flour companies went public, raw sugar was taxed 12 times less than refined sugar, wheat 6 times less than flour. In the shadow of rising Islamic militancy, which has destabilized the Middle East and now threatens to do the same to parts of Africa, President Obama recently issued an executive order tasking U.S. business executives with strengthening trade ties to sub-Saharan Africa (the council includes heavy hitters from Wal-Mart, G.E. He was a younger brother to Africas richest man, Aliko Dangote. According to research, we also gathered that the male child is not Dangotes biological son, but rather an adopted son into the magnificent Dangote family. Halima Bello (Dangote) is the second daughter of Aliko Dangote and his first wife Hajiya Zainab. Dangote is one of the richest people in Africa. ", This is a BETA experience. He owns a fleet of the most luxurious cars existing in the world right now. (It now totals some $500 billion, or a third larger than South Africa.) We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. After traveling to Brazil to study manufacturing in 1996, Dangote shifted the company's focus from trading to manufacturing, believing there was an opportunity to create a local operation that would profit from meeting the basic consumer needs of Nigeria's growing population. Group Vice President Alhaji Sani Dangote is the Group Vice President. Until his death, he was the Group Vice Present of the Dangote Group and owner of Dansa Agro-allied Limited. "We will carry a big knife and cut them on prices.". The richest black man and the wealthiest person in the whole of the African continent is Alh. This story appears in the March 22, 2015 issue of Forbes. Free Tools ; . Aliko Dangote is a Nigerian businessman who has a net worth of $21 billion. 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