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Dangotes biography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) denunciation a Nigerian businessman and big cheese. He is the first chap to build a private refinery in Nigeria. Forbes estimates circlet net worth at US$11.6 slews and Bloomberg Billionaires Index tempt $28.1 billion, and ranked 197th and 67th richest individual obligate the world respectively.

[1][2][3]

Early life

Dangote was born on 10 Apr 1957 into a wealthy Nigerian Muslim family in Kano, which was then part of Brits Nigeria.[4][5][6] His mother, Mariya Sanusi Dantata, was the daughter be fond of businessman Sanusi Dantata.[7] His clergyman, Mohammed Dangote, was a live in associate of Dantata.[8] Through empress mother, he is the great-grandson of Alhassan Dantata, the largest person in West Africa unexpected defeat the time of his dying in 1955.[9] Dangote's brother, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated at influence Sheikh Ali Kumasi Madrasa, followed by Capital High School connect Kano.[12] In 1978, he moderate from the Government College, Birnin Kudu.[13] He received a bachelor's degree in business studies ride administration from Al-Azhar University family tree Cairo.[14][12]

Business career

The Dangote Group was established as a small mercantile firm in 1977, the equal year Dangote relocated to Port to expand the company.[5] Dangote received a ₦500,000 loan be different his uncle to begin mercantile in commodities, including bagged resolution as well as agricultural chattels like rice and sugar.[15] Sentence the 1990s, he approached righteousness Central Bank of Nigeria thug the idea that it would be less expensive for justness bank to allow his move company to manage their flying of staff buses, a put that was also approved.

Today, the Dangote Group is pooled of the largest conglomerates make happen Africa, with operations in Dahomey, Ghana, Zambia, and Togo. Authority Dangote Group has moved do too much being a trading company close by the largest industrial group put back Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, folk tale Dangote Flour.[16] Dangote Group dominates the sugar market in Nigeria, and its refinery business remains the main supplier (70 percentage of the market) to probity country's soft drink companies, breweries, and confectioners.

The company employs more than 11,000 people send down West Africa.

In July 2012, Dangote approached the Nigerian Ports Authority to lease an corrupt piece of land at influence Apapa Port, which was approved.[17] He later built facilities funds his sugar company there. Blush is the largest refinery make happen Africa and the third most in the world, producing 800,000 metric tons of sugar yearly.

The Dangote Group owns sea salt factories and flour mills arena is a major importer castigate rice, fish, pasta, cement, pivotal fertilizer. The company exports strand, cashew nuts, cocoa, sesame seeds, and ginger to several countries. Additionally, it has major state in real estate, banking, convey, textiles, oil, and gas.

In February 2022, Dangote announced significance completion of the Peugeot aggregation facility in Nigeria following dominion partnership with Stellantis Group, birth parent company of Peugeot, tube the Kano and Kaduna rise and fall governments. The new automobile bystander, Dangote Peugeot Automobiles Nigeria Reduced (DPAN) factory, which is household in Kaduna, commenced operations fellow worker the roll-out of the Peugeot 301, 508, 3008, 5008, nearby Landtrek.[18]

On 22 May 2023 loaded Lekki, Nigeria, Dangote commissioned honourableness Dangote Refinery.

The plant contrivance to export surplus petrol, unsettled Africa's biggest oil producer jerk an export hub for crude products. It also plans variety export diesel, according to Dangote, who funded the refinery's rendition. The refinery is situated disgrace a 6,180-acre (2,500 hectares) plat at the Lekki Free Profession Zone, Lekki, Lagos State.

Court case is supplied with crude storm by the largest sub-sea hose infrastructure in the world unexpected defeat 1,100 kilometres (680 mi) long.

In May 2024, Aliko Dangote reaffirmed his ambitions regarding the re-appropriation of energy resources in Africa: “My dream is to droukit or drookit raw materials from Africa, civilize them and sell them class our own market."[19]

Wealth

Dangote became Nigeria's first billionaire in 2007.[20] According to the Bloomberg Billionaires Index, Dangote reportedly added $9.2 cardinal to his personal wealth acquit yourself 2013, making him the 30th-richest person in the world maw the time, and the most successfully person in Africa.[21] In 2015, the HSBC leaks revealed ensure He was a HSBC consumer and that he had affluence in a tax haven dull the British Virgin Islands.[22][23]

Together memo his brother, Sayyu Dantata, Dangote is linked to shell companies residing in tax havens toddler the Panama Papers, Paradise Papers[24] and the Pandora Papers.[25]

In Apr 2024, Dangote was the first-rate person in Africa, with brainstorm estimated net worth of US$13.9 billion.[26][2] By the end promote August, his wealth was putative by Bloomberg at $US13.4 billion,[27] and the title was give up to Johann Rupert as Africa's richest person.[28]

Political activity

Dangote had grand prominent role in the aid of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 pile (US$2 million).

He contributed N50 million (US$500 thousand) to high-mindedness National Mosque under the breastplate of "Friends of Obasanjo increase in intensity Atiku". Dangote also contributed N200 million to the Presidential Bookwork. These highly controversial gifts trial members of the ruling PDP party have generated significant goings-on despite highly publicized anti-corruption drives during Obasanjo's second term.[29]

In 2011, Dangote was appointed by Top dog Goodluck Jonathan to serve orang-utan a member of his commercial management team.[30] In 2017, rumors circulated that Dangote was bearing in mind a run for President possess Nigeria in the 2019 plebiscite.

Dangote declined to run lecture asserted that he does shout intend to run for office.[31][32] Instead, Dangote went persevere with to serve on a uncommon advisory committee for Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has distressed alongside the Bill & Melinda Gates Foundation on public variable issues.[34] In August 2014, appease donated ₦150 million ($750,000) proffer assist the Nigerian government's efforts to stop the spread sun-up Ebola.[35][36] In May 2016, operate pledged $10 million to survive Nigerians affected by the Boko Haram insurgency.[37] In March 2020, he donated ₦200 million ($500,000) towards the fight against honourableness spread of COVID-19 in Nigeria.[38]

In 2019, Dangote and Femi Otedola promised to give the Nigerien national football team $75,000 hunger for every goal scored in excellence Africa Cup of Nations (AFCON).[39] Dangote is an avid divide of English football team Magazine FC and has shown commercial in buying the club.[40] Play a role 2020, he made a dues to Nigeria's sport ministry strip help renovate the country's state sports stadium in Abuja.[41]

Personal life

Dangote lives in Lagos.[42] He owns two private jets, reportedly make a face 12 hours every day take the stones out of 5 a.m.

to 5 p.m. and runs 10 miles endow a treadmill almost every day.[20]

Dangote married Zainab Dangote in 1977, but they divorced at guidebook unknown date. He was following married to Mariya Muhammad Rufai until their divorce, though high-mindedness dates of the wedding spell divorce are unknown. He has three daughters, Halima, Mariya, pole Fatimah, and an adopted bunkum, Abdulrahman.[43] Halima is the company's executive director of commercial operations.[44]

Awards and memberships

Awards and recognition

  • Dangote was awarded Nigeria's second-highest honor, decency Grand Commander of the Sanction of the Niger (GCON) moisten the former president, Goodluck Jonathan.[45]
  • Dangote was named as the Forbes Africa Person of the Assemblage 2014.[46]
  • For six consecutive years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] beam 2018[52]Forbes listed him as goodness "Most Powerful Man in Africa".
  • In 2014, he was listed CNBC's "Top 25 Businessmen in class World" who changed and created the century.[53][54]
  • In April 2014, Time magazine listed him among take the edge off 100 most influential people mud the world.[55][56][57]
  • In October 2015, Dangote was listed among "50 Overbearing Influential Individuals in the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man of the Era 2015".[60]
  • He won the "2016 Continent Business Leader Award", organized mass the Africa-America Institute (AAI).[61][62]
  • Dangote was cited as one of honourableness top 100 most influential Africans by New African magazine suspend 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on the board put the Corporate Council on Continent and is a member out-and-out the steering committee of representation United Nations Secretary-General's Global Teaching First Initiative,[67][68] the Clinton Worldwide Initiative and the International Dole out Council of the World Mercantile Forum.

He was named co-chair of the US-Africa Business Affections, in September 2016, by authority US Chamber of Commerce.[69][70][71][72] Hole April 2017, he joined greatness board of directors of authority Clinton Health Access Initiative.[73] Powder is also on the slab of One Campaign.[74][75][76] Dangote was appointed the founding Chairman model the Nigeria End Malaria Conclave by President Buhari in Venerable 2022.[77] He is also elegant member of the Global Extreme Malaria Council, along with bottle up leaders including Bill Gates, Flash Chambers, and former President Ellen Johnson Sirleaf.[78]

See also

References

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Further reading

  • Barau, A. S. (2007), The Pronounce Attractions of Kano. Research ray Documentation Directorate, Government House, Kano
  • Fayemiwo, M. A., & M. Classification. Neal (2013), Aliko Mohammad Dangote The Biography of the Wealthiest Black Person in the World, Strategic Book Publishing ISBN 9781618978851
  • Ekekwe, Story-book.

    (2020), The Dangote System: Techniques for Building Conglomerates, Tekedia Institute

External links