Aliko Dangote is an African business tycoon who holds the title of the richest man in Africa and the 23rd richest person in the world. His net worth stands at a staggering $25 Billion, in comparison that is the national income of many small nations. Dangote is the 57 year old tycoon who is known for creating the craze for corporate business in Nigeria.
Coming from a simple background Aliko Dangote has earned his massive wealth himself and at the age of 57 years is the leader in the agricultural sector in Africa, he not only deals in agricultural products like sugar and wheat flower but also in the high scale production of cement. These three simple commodities have helped him amass his vast fortune.
How Rich is Aliko Dangote ?
Total Net Worth :- $ 25 billion (in 2016 year as per Forbes)
Date Of Birth : April 10, 1957
Aliko Dangote Height : Not known
Weight : 76 Kg / 167 lb (approx)
Spouse : Businessman Aliko Dangote was married to Mariya A. D Muhammad Rufai however it can’t survive for long time and divorced. He also married with other 2 ladies however relationship can’t survived.
Aliko Dangote always had a keen eye for business, coming from a well off family in Nigeria Aliko began to show the entrepreneurial spirit quite young when he started selling candy to his school friends for a profit. started small with no family backing and only his intellect to bank upon, He crafted his fortune starting in commodity trading with a loan he secured from his uncle. He launched the “Dangote Group“ in 1977 and has grown substantially, it was just in 2013 that the corporation earned a staggering $23 Billion in revenue.
He has invested a staggering $9 billion in the oil industry creating oil refineries, petrochemical complex and fertilizer plants in the country which caused a great increase in jobs and boom in the economy.
For the love of Charity
Aliko Dangote has pledged a massive $1.2 billion to charity in 201 to help enhance living conditions and the lives of countless Nigerians. He invested the amount in his own trust which has being doing work for over 20 years. It aims to support initiatives promote education, empower the young and fight with Islamist terrorism in the country.
Favorite Luxuries: his House and Cars
In January of 2013 Aliko Dangote purchased a massive yacht with all the modern amenities, while and from the model to the price is not yet revealed one this certain that it was certainly more than a few million but that’s not really a lot for a billionaire.
And that’s is not the only thing he owns, because he uses a private jet to travel around the world in front of that even his prized Maybach’s, Bentleys and Bugatti’s fall short.
While some believe he did benefit from his family’s contacts it’s impossible to say that Aliko Dangote is not a man crafted by his own hands right now he is Africa’s richest man but if he grows at the pace he expects he might be the world’s richest in less than a decade.