Aliko Dangote Biography
Aliko Dangote GCON, a billionaire investor from Nigeria, was born on April 10, 1957. Dangote, who is also its current chairman and CEO found the largest industrial conglomerate in West Africa, the Dangote Group,. As of 4 August 2022.
Aliko Dangote Net worth
Dangote’s net worth was projected to be over US$19.8 billion by Forbes and Bloomberg Billionaires Index, making him the richest African, richest Black, and 72nd richest person in the world.
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Business Journey
In 1977, the same year that Dangote moved to Lagos to grow the business, the Dangote Group was founded as a small trading company. When Dangote started trading in commodities, such as bagged cement and agricultural products like rice and sugar, his uncle gave him a loan of $500,000. He proposed to the Central Bank of Nigeria in the 1990s that it would be more affordable for the bank to let his transport company operate their fleet of staff buses, and the proposition was also accepted.
Political Engagements
President Goodluck Jonathan selected Dangote to be a part of his economic management team in 2011. Dangote was reportedly considering running for president of Nigeria in the 2019 election, according to reports that surfaced in 2017. Aliko stated that he would not be running for politics and declined to do so. However, he continued to work for Muhammadu Buhari’s reelection campaign as a member of a special advisory council.
Charity |Philanthropy
The Nigerian government reported in 2014 that Dangote had given 150 million naira (about $750,000) to help stop the spread of Ebola. Dangote promised to donate $10 million in 2016 to help Nigerians impacted by the Boko Haram insurgency. He gave 200 million naira (US$500,000) in March 2020 to help stop the spread of COVID-19 in Nigeria.On public health challenges, Dangote has collaborated with the Bill & Melinda Gates Foundation.
The Aliko Dangote-sponsored African Cup of Nation
At the 2019 African Cup of Nations (AFCON), Aliko Dangote and Femi Otedola pledged to provide the Super Eagles of Nigeria US$75,000 for each goal scored. He has expressed interest in purchasing English soccer team Arsenal F.C. as well as being an enormous supporter. He also provided funding for the Abuja national stadium’s renovation through the Nigerian Ministry of Sports.
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Aliko Dangote wife| Family
Dangote resides Lagos, Nigeria. He has two divorces from previous marriages. He has Mariya, Halima, and Fatimah as his three daughters. Sani Dangote, Aliko’s brother, passed away on November 14, 2021, after a battle with colon cancer. Dangote is renowned for leading a simple, austere life. He works a 12-hour shift. Starting at 5 AM, and visiting the gym six times per week.