Aliko Dangote (2024)

From the Editor

  • Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer.
  • He owns 85% of publicly-traded Dangote Cement through a holding company.
  • Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa.
  • After many years in development, Dangote's fertilizer plant in Nigeria began operations in March 2022.
  • Dangote Refinery began construction in 2016 and is expected to begin refining operations in 2024.

Wealth History

HOVER TO REVEAL NET WORTH BY YEAR

Personal Stats

Age
67
Source of Wealth
Cement, sugar, Self Made
Residence
Lagos, Nigeria
Citizenship
Nigeria
Marital Status
Divorced
Children
3
Education
Bachelor of Arts/Science, Al-Azhar University

Did you know

Dangote's grandfather was a successful trader of rice and oats in Kano, Nigeria's second largest city.

Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits.

In Their Own Words

Nigeria is one of the best-kept secrets. A lot of foreigners are not investing because they're waiting for the right time. There is no right time.

Aliko Dangote

More on Forbes

Jan 1, 2014

Africa's Richest Man, Aliko Dangote, Joins Twitter

Africa’s billionaire philanthropist and the richest Black man in the world,AlikoDangote joinedTwitter yesterday using @AlikoDangote as his Twitter handle. The business mogul's Twitter account was verified before he even tweeted and in less than 24 hours after joining Twitter, he already had more than 16,000 followers. The billionaire philanthropist used his [...]

ByFarai GundanContributor

Aliko Dangote (2024)

FAQs

What made Dangote so rich? ›

The 66-year-old businessman made his fortune in cement and sugar - and last year opened an oil refinery in Nigeria's economic hub, Lagos. The industrialist made the disclosure while speaking to journalists at the Dangote Petroleum Refinery on Sunday.

What ethnicity is Aliko Dangote? ›

Dangote was born on 10 April 1957 into a wealthy Hausa Muslim family in Kano, which was then part of British Nigeria. His mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata. His father, Mohammed Dangote, was a business associate of Dantata.

Who is the richest person in Africa? ›

As of 2021, Nigerian billionaire Aliko Dangote is the richest person in Africa, and the African countries with the most billionaires are Egypt (5), South Africa (5), Nigeria (3), and Morocco (2).

Did Dangote go to university? ›

Dangote was raised in the Islamic faith and is a practicing Muslim. After completing studies in business at Al-Azhar University, an Islamic institution in Cairo, in 1977, Dangote returned to Nigeria and was given a loan by his uncle to start a business, which traded commodities and business supplies, primarily cement.

Who is the no. 1 richest person in Nigeria? ›

Aliko Dangote
  • Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer.
  • He owns 85% of publicly-traded Dangote Cement through a holding company.

How much did Dangote get from his uncle? ›

Shortly after graduating from college at 21, Dangote borrowed $3,000 from his uncle to import and sell agricultural commodities in Nigeria, his native country. His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.

How many wifes does Dangote have? ›

One of Africa most richest men, Aliko Dangote who is the CEO of the Dangote Group is said to have hitched three wives. In spite of the fact that he wound up separating from them three, the marriage delivered 15 kids. Aliko Dangote got married to his first spouse in the year 1977.

How much did Dangote make in a day? ›

According to Bloomberg Billionaire Index, Dangote has remained Africa's richest man for 12 consecutive years, with a net worth of $19.7 billion.

Who is the richest Indian in Nigeria? ›

Sunil Vaswani is an Indian-born Nigerian billionaire businessman, known as the chairman of the Stallion Group, a Dubai-headquartered company with diversified interests. As of January 2021, his net worth was estimated at US$ 500 million.

How many houses does Dangote have in Nigeria? ›

Dangote stated that he has two homes, one in Kano and another in Lagos, and stays in a rented apartment when visiting Abuja, the nation's capital.

Who is the Asia's richest person? ›

The Top 10 Richest People in Asia
Rank & NameCountryNet Worth (in USD Billions)
#1 Mukesh AmbaniIndia116.8
#2 Gautam AdaniIndia83.8
#3 Prajogo PangestuIndonesia68.0
#4 Zhong ShanshanChina49.9
6 more rows
Aug 26, 2024

Who is the youngest richest man in Africa? ›

Mohammed Dewji, 48, is Africa's youngest billionaire, with a net worth of $1.5 billion. He is the CEO of MeTL Group, a multi-billion-dollar conglomerate with holdings in agriculture, manufacturing, and logistics. Dewji is also a philanthropist and social enterprise investor.

Does Dangote have a private jet? ›

The aircraft was purchased at $45.5 million some thirteen years ago when he attained 53 years. The private jet, according to billionaires. africa, received a paint job back in July 2014 and comes with an array of features providing lavish comfort to about 15 passengers.

How is Davido related to Dangote? ›

Nigerian music star, David Adeleke popularly known as Davido has revealed that his uncle, Aliko Dangote who is also the richest man in Africa is a different kind of billionaire.

How did Dangote get his money? ›

The 66-year-old businessman made his fortune in cement and sugar - and last year opened an oil refinery in Nigeria's economic hub of Lagos.

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