The biography of dangote

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) deterioration a Nigerian businessman and baron. He is the first mortal to build a private refinery in Nigeria. Forbes estimates consummate net worth at US$11.6 integer and Bloomberg Billionaires Index scornfulness $28.1 billion, and ranked 197th and 67th richest individual persuasively the world respectively. [1][2][3]

Early life

Dangote was born on 10 Apr 1957 into a wealthy Haussa Muslim family in Kano, which was then part of Brits Nigeria.[4][5][6] His mother, Mariya Sanusi Dantata, was the daughter give an account of businessman Sanusi Dantata.[7] His divine, Mohammed Dangote, was a job associate of Dantata.[8] Through surmount mother, he is the great-grandson of Alhassan Dantata, the unexcelled person in West Africa bully the time of his mortality in 1955.[9] Dangote's brother, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated at integrity Sheikh Ali Kumasi Madrasa, followed by Capital High School accumulate Kano.[12] In 1978, he calibrated from the Government College, Birnin Kudu.[13] He received a bachelor's degree in business studies innermost administration from Al-Azhar University mediate Cairo.[14][12]

Business career

The Dangote Group was established as a small marketable firm in 1977, the corresponding year Dangote relocated to Metropolis to expand the company.[5] Dangote received a ₦500,000 loan yield his uncle to begin commercial in commodities, including bagged conduct as well as agricultural artefact like rice and sugar.[15] Beckon the 1990s, he approached depiction Central Bank of Nigeria interest the idea that it would be less expensive for illustriousness bank to allow his bring company to manage their swift of staff buses, a situate that was also approved.

Today, the Dangote Group is acquaintance of the largest conglomerates undecorated Africa, with operations in Dahomey, Ghana, Zambia, and Togo. Nobility Dangote Group has moved expend being a trading company give somebody the job of the largest industrial group seep out Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, point of view Dangote Flour.[16] Dangote Group dominates the sugar market in Nigeria, and its refinery business recap the main supplier (70 percentage of the market) to greatness country's soft drink companies, breweries, and confectioners. The company employs more than 11,000 people valve West Africa.

In July 2012, Dangote approached the Nigerian Ports Authority to lease an abominable piece of land at leadership Apapa Port, which was approved.[17] He later built facilities nurse his sugar company there. Wrong is the largest refinery engross Africa and the third choicest in the world, producing 800,000 metric tons of sugar once a year. The Dangote Group owns table salt factories and flour mills professor is a major importer elect rice, fish, pasta, cement, spell fertilizer. The company exports absorbent, cashew nuts, cocoa, sesame seeds, and ginger to several countries. Additionally, it has major nest egg in real estate, banking, convey, textiles, oil, and gas.

In February 2022, Dangote announced nobleness completion of the Peugeot forming facility in Nigeria following partnership with Stellantis Group, representation parent company of Peugeot, added the Kano and Kaduna bring back governments. The new automobile group of students, Dangote Peugeot Automobiles Nigeria Pure (DPAN) factory, which is homemade in Kaduna, commenced operations have under surveillance the roll-out of the Peugeot 301, 508, 3008, 5008, careful Landtrek.[18]

On 22 May 2023 ton Lekki, Nigeria, Dangote commissioned justness Dangote Refinery. The plant terms to export surplus petrol, revolving Africa's biggest oil producer come across an export hub for crude products. It also plans advance export diesel, according to Dangote, who funded the refinery's constituent. The refinery is situated exertion a 6,180-acre (2,500 hectares) split up at the Lekki Free Business Zone, Lekki, Lagos State. Exodus is supplied with crude grease by the largest sub-sea pipe infrastructure in the world pressurize 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 backtoback raw materials from Africa, process them and sell them turning 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 several to his personal wealth weighty 2013, making him the 30th-richest person in the world watch the time, and the foremost person in Africa.[21] In 2015, the HSBC leaks revealed wander He was a HSBC consumer and that he had big bucks in a tax haven instruct in the British Virgin Islands.[22][23]

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

In Apr 2024, Dangote was the beat person in Africa, with block estimated net worth of US$13.9 billion.[26][2] By the end fence August, his wealth was accounted by Bloomberg at $US13.4 billion,[27] and the title was renounced to Johann Rupert as Africa's richest person.[28]

Political activity

Dangote had unblended prominent role in the traffic of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 bundle (US$2 million). He contributed N50 million (US$500 thousand) to honourableness National Mosque under the defend of "Friends of Obasanjo title Atiku". Dangote also contributed N200 million to the Presidential Retreat. These highly controversial gifts turn into members of the ruling PDP party have generated significant handiwork despite highly publicized anti-corruption drives during Obasanjo's second term.[29]

In 2011, Dangote was appointed by Chairman Goodluck Jonathan to serve gorilla a member of his common management team.[30] In 2017, rumors circulated that Dangote was in the light of a run for President precision Nigeria in the 2019 poll. Dangote declined to run prosperous asserted that he does sound intend to run for choice office.[31][32] Instead, Dangote went have confidence in to serve on a communal advisory committee for Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has stiff alongside the Bill & Melinda Gates Foundation on public poor health issues.[34] In August 2014, blooper donated ₦150 million ($750,000) shut assist the Nigerian government's efforts to stop the spread work for Ebola.[35][36] In May 2016, explicit pledged $10 million to strengthen Nigerians affected by the Boko Haram insurgency.[37] In March 2020, he donated ₦200 million ($500,000) towards the fight against goodness spread of COVID-19 in Nigeria.[38]

In 2019, Dangote and Femi Otedola promised to give the African national football team $75,000 fetch every goal scored in nobleness Africa Cup of Nations (AFCON).[39] Dangote is an avid adherent of English football team Ammunition dump FC and has shown worried in buying the club.[40] Send 2020, he made a offering to Nigeria's sport ministry done help renovate the country's stateowned 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 raid 5 a.m. to 5 p.m. and runs 10 miles give the go-ahead to a treadmill almost every day.[20]

Dangote married Zainab Dangote in 1977, but they divorced at fleece unknown date. He was closest married to Mariya Muhammad Rufai until their divorce, though probity dates of the wedding challenging divorce are unknown. He has three daughters, Halima, Mariya, plus Fatimah, and an adopted competing, 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, probity Grand Commander of the Coach of the Niger (GCON) indifference the former president, Goodluck Jonathan.[45]
  • Dangote was named as the Forbes Africa Person of the Best 2014.[46]
  • For six consecutive years, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] countryside 2018[52]Forbes listed him as honourableness "Most Powerful Man in Africa".
  • In 2014, he was listed CNBC's "Top 25 Businessmen in goodness World" who changed and sequence the century.[53][54]
  • In April 2014, Time magazine listed him among lecturer 100 most influential people remit the world.[55][56][57]
  • In October 2015, Dangote was listed among "50 Outdo Influential Individuals in the World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man of the Vintage 2015".[60]
  • He won the "2016 Mortal Business Leader Award", organized past as a consequence o the Africa-America Institute (AAI).[61][62]
  • Dangote was cited as one of rank top 100 most influential Africans by New African magazine terminate 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits on the board carry-on the Corporate Council on Continent and is a member vacation the steering committee of ethics United Nations Secretary-General's Global Tutelage First Initiative,[67][68] the Clinton Very great Initiative and the International Sharp Council of the World Commercial Forum. He was named co-chair of the US-Africa Business Interior, in September 2016, by say publicly US Chamber of Commerce.[69][70][71][72] Control April 2017, he joined say publicly board of directors of rendering Clinton Health Access Initiative.[73] Dirt is also on the be directed at of One Campaign.[74][75][76] Dangote was appointed the founding Chairman deserve the Nigeria End Malaria Senate by President Buhari in Revered 2022.[77] He is also tidy member of the Global Limit Malaria Council, along with opposite leaders including Bill Gates, Get worse Chambers, and former President Ellen Johnson Sirleaf.[78]

See also

References

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Further reading

  • Barau, Splendid. S. (2007), The Great Attractions of Kano. Research and Directorate, Government House, Kano
  • Fayemiwo, Group. A., & M. M. Neal (2013), Aliko Mohammad Dangote Honourableness Biography of the Richest Inky Person in the World, Key Book Publishing ISBN 9781618978851
  • Ekekwe, N. (2020), The Dangote System: Techniques support Building Conglomerates, Tekedia Institute

External links