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
Related People & Companies
Holds stake in Dangote Cement
More on Forbes
Jun 21, 2023
Nigerian Cement Tycoon Aliko Dangote Falls To Africa’s Second Richest After 12 Years At No. 1
A weakened Nigerian currency pulled down the value of Dangote’s fortune, making South African luxury goods magnate Johann Rupert the continent’s richest person.
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Africa’s Richest Man Aliko Dangote To Build $60 Million Cement Factory In Togo
Aliko Dangote, Africa’s richest man, has concluded plans to invest roughly $60 million in Togo in the construction of a cement manufacturing facility.
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Mar 8, 2019
Africa's Richest Man Aliko Dangote To Pocket $650 Million In Dividends
Africa’s richest man, Aliko Dangote, is set to pocket almost $650 million in dividends from profits made by his Dangote Cement in 2018.
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Jan 22, 2019
Nigerian Business Leaders Aliko Dangote, Bella Disu, Jim Ovia Attend Choose France Summit
Africa’s richest man, Aliko Dangote, Nigerian telecom executive Bella Disu, and prominent investor Jim Ovia, were among a group of more than 150 global business leaders who attended the 2019 Choose France International Business Summit.
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Jul 15, 2018
Africa's Richest Man Aliko Dangote Gets $650 Million Loan From Afreximbank For Oil Refinery
Dangote Group, the West African conglomerate founded by Africa’s 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.
ByMfonobong NseheFormer Contributor
Nov 6, 2017
Africa's Richest Man Aliko Dangote Pledges $100 Million To Fight Malnutrition In Nigeria
Aliko Dangote, Africa’s richest man, has pledged to invest $100 million over 5 years to tackle malnutrition in Nigeria’s worst affected regions.
ByMfonobong NseheFormer Contributor
Oct 10, 2017
Africa's Richest Man Aliko Dangote Criticizes Tanzanian President Over Policies
Africa’s richest man, Aliko Dangote, has accused Tanzanian President John Magufuli of implementing policies that are unfriendly to foreign investors.
ByMfonobong NseheFormer Contributor
Mar 20, 2017
Africa's Richest Man Aliko Dangote To Invest $700 Million In Sugar Processing
Africa’s richest man, Aliko Dangote plans to invest $500 million in establishing a sugar processing facility in Nasarawa State, Nigeria.
ByMfonobong NseheFormer Contributor
Jan 31, 2017
Africa's Richest Man Aliko Dangote Plans More Investments In Zambia
Africa’s richest man, Aliko Dangote, plans to invest in the energy and agricultural sectors of Zambia.
ByMfonobong NseheFormer Contributor
Sep 22, 2016
Africa's Richest Man Aliko Dangote Still Plans To Take Over Arsenal
Aliko Dangote, Africa’s 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.
ByMfonobong NseheFormer Contributor
Sep 4, 2016
Africa's Richest Man Aliko Dangote To Invest $170 Million In Rice, Sugar Production In Nasarawa
Aliko Dangote, Africa’s richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria.
ByMfonobong NseheFormer Contributor
May 15, 2016
Africa's Richest Man Aliko Dangote Suspends Production Of Tomato Paste
Dangote Tomato Processing Factory, a newly commissioned company owned by Africa’s richest man, Aliko Dangote, has suspended its operations due to the unavailability of its most important raw material – fresh tomatoes.
ByMfonobong NseheFormer Contributor
Mar 17, 2016
Africa's Richest Man Aliko Dangote Bids For Automaker Peugeot Nigeria
Aliko Dangote, Africa’s richest man, has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited.
ByMfonobong NseheFormer Contributor
Mar 17, 2016
Africa's Richest Man Aliko Dangote Opens Tomato Processing Factory
Dangote Group, the Nigerian conglomerate owned by Africa’s richest man, Aliko Dangote, has officially launched a $20 million tomato processing facility in Kano state, northern Nigeria.
ByMfonobong NseheFormer Contributor
Nov 19, 2014
Aliko Dangote #1 on the Africa's 50 Richest list
Aliko Dangote #1 on the Africa's 50 Richest list
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