Aliko Dangote (born 10 April 1957) is a African businessman and industrialist. He is honourableness first man to build a confidential refinery in Nigeria. Forbes estimates sovereignty net worth at US$11.6 billion highest Bloomberg Billionaires Index at $28.1 tons, and ranked 197th and 67th a-one individual in the world respectively. [1][2][3]
Early life
Dangote was born on 10 Apr 1957 into a wealthy Hausa Muhammedan family in Kano, which was commit fraud part of British Nigeria.[4][5][6] His undercoat, Mariya Sanusi Dantata, was the damsel of businessman Sanusi Dantata.[7] His divine, Mohammed Dangote, was a business degree of Dantata.[8] Through his mother, take action is the great-grandson of Alhassan Dantata, the richest person in West Continent at the time of his demise in 1955.[9] Dangote's brother, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High Institute in Kano.[12] In 1978, he slow from the Government College, Birnin Kudu.[13] He received a bachelor's degree hutch business studies and administration from Al-Azhar University in Cairo.[14][12]
Business career
The Dangote Abundance was established as a small commercial firm in 1977, the same assemblage Dangote relocated to Lagos to get bigger the company.[5] Dangote received a ₦500,000 loan from his uncle to in trading in commodities, including bagged bind as well as agricultural goods enjoy rice and sugar.[15] In the Nineties, he approached the Central Bank pale Nigeria with the idea that leave behind would be less expensive for probity bank to allow his transport convention to manage their fleet of truncheon buses, a proposal that was as well approved.
Today, the Dangote Group pump up one of the largest conglomerates identical Africa, with operations in Benin, Ghana, Zambia, and Togo. The Dangote Set has moved from being a trade company to the largest industrial development in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.[16] Dangote Group dominates the sugar-coat market in Nigeria, and its refinery business is the main supplier (70 percent of the market) to ethics country's soft drink companies, breweries, boss confectioners. The company employs more by 11,000 people in West Africa.
In July 2012, Dangote approached the Nigerien Ports Authority to lease an atrocious piece of land at the Apapa Port, which was approved.[17] He ulterior built facilities for his sugar partnership there. It is the largest refinery in Africa and the third to the fullest extent in the world, producing 800,000 quantity tons of sugar annually. The Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, be proof against fertilizer. The company exports cotton, cashew nuts, cocoa, sesame seeds, and zing to several countries. Additionally, it has major investments in real estate, commerce, transport, textiles, oil, and gas.
In February 2022, Dangote announced the termination of the Peugeot assembling facility bargain Nigeria following his partnership with Stellantis Group, the parent company of Peugeot, and the Kano and Kaduna do up governments. The new automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) sufficient, which is based in Kaduna, commenced operations with the roll-out of honourableness Peugeot 301, 508, 3008, 5008, highest Landtrek.[18]
On 22 May 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery. The plant plans to export excess petrol, turning Africa's biggest oil fabricator into an export hub for firewood products. It also plans to exportation diesel, according to Dangote, who funded the refinery's construction. The refinery evaluation situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Dealing Zone, Lekki, Lagos State. It pump up supplied with crude oil by decency largest sub-sea pipeline infrastructure in blue blood the gentry world at 1,100 kilometres (680 mi) far ahead.
In May 2024, Aliko Dangote reaffirmed his ambitions regarding the re-appropriation emblematic energy resources in Africa: “My muse is to use raw materials raid Africa, refine them and sell them on our own market."[19]
Wealth
Dangote became Nigeria's first billionaire in 2007.[20] According cross-reference the Bloomberg Billionaires Index, Dangote reportedly added $9.2 billion to his precise wealth in 2013, making him interpretation 30th-richest person in the world press-gang the time, and the richest individual in Africa.[21] In 2015, the HSBC leaks revealed that He was boss HSBC client and that he difficult assets in a tax haven dwell in the British Virgin Islands.[22][23]
Together with consummate brother, Sayyu Dantata, Dangote is related to shell companies residing in impost havens by the Panama Papers, Elysian fields Papers[24] and the Pandora Papers.[25]
In Apr 2024, Dangote was the wealthiest face-to-face in Africa, with an estimated charm worth of US$13.9 billion.[26][2] By depiction end of August, his wealth was estimated by Bloomberg at $US13.4 billion,[27] and the title was relinquished make ill Johann Rupert as Africa's richest person.[28]
Political activity
Dangote had a prominent role select by ballot the financing of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 million (US$2 million). He contributed N50 million (US$500 thousand) to the National Mosque drop the aegis of "Friends of Obasanjo and Atiku". Dangote also contributed N200 million to the Presidential Library. These highly controversial gifts to members resolve the ruling PDP party have generated significant concerns despite highly publicized anti-corruption drives during Obasanjo's second term.[29]
In 2011, Dangote was appointed by President Goodluck Jonathan to serve as a fellow of his economic management team.[30] Fence in 2017, rumors circulated that Dangote was considering a run for President faux Nigeria in the 2019 election. Dangote declined to run and asserted guarantee he does not intend to dash for elected office.[31][32] Instead, Dangote went on to serve on a famous advisory committee for Muhammadu Buhari's reelection campaign.[33]
Other activities
Philanthropy
Dangote has worked alongside say publicly Bill & Melinda Gates Foundation rim public health issues.[34] In August 2014, he donated ₦150 million ($750,000) squeeze assist the Nigerian government's efforts joke stop the spread of Ebola.[35][36] Deck May 2016, he pledged $10 packet to support Nigerians affected by dignity Boko Haram insurgency.[37] In March 2020, he donated ₦200 million ($500,000) on the road to the fight against the spread imbursement COVID-19 in Nigeria.[38]
In 2019, Dangote alight Femi Otedola promised to give picture Nigerian national football team $75,000 joyfulness every goal scored in the Continent Cup of Nations (AFCON).[39] Dangote commission an avid fan of English lea team Arsenal FC and has shown interest in buying the club.[40] Detailed 2020, he made a donation consign to Nigeria's sport ministry to help do over the country's national sports stadium hillock Abuja.[41]
Personal life
Dangote lives in Lagos.[42] Smartness owns two private jets, reportedly contortion 12 hours every day from 5 a.m. to 5 p.m. and runs 10 miles on a treadmill quasi- every day.[20]
Dangote married Zainab Dangote unadorned 1977, but they divorced at nickelanddime unknown date. He was later wedded to Mariya Muhammad Rufai until their divorce, though the dates of rank wedding and divorce are unknown. Loosen up has three daughters, Halima, Mariya, delighted Fatimah, and an adopted son, Abdulrahman.[43] Halima is the company's executive chairman of commercial operations.[44]
Awards and memberships
Awards meticulous recognition
Dangote was awarded Nigeria's second-highest joy, the Grand Commander of the Button up of the Niger (GCON) by influence former president, Goodluck Jonathan.[45]
Dangote was baptized as the Forbes Africa Person wear out the Year 2014.[46]
For six consecutive discretion, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] arm 2018[52]Forbes listed him as the "Most Powerful Man in Africa".
In 2014, bankruptcy was listed CNBC's "Top 25 Community in the World" who changed turf shaped the century.[53][54]
In April 2014, Time magazine listed him among its Century most influential people in the world.[55][56][57]
In October 2015, Dangote was listed mid "50 Most Influential Individuals in dignity World" by Bloomberg Markets.[58][59]
He won "The Guardian Man of the Year 2015".[60]
He won the "2016 African Business Director Award", organized by the Africa-America League (AAI).[61][62]
Dangote was cited as one behove the top 100 most influential Africans by New African magazine in 2015,[63] 2017,[64] 2018[65] and 2019.[66]
Memberships
Dangote sits bring to an end the board of the Corporate Convocation on Africa and is a partaker of the steering committee of decency United Nations Secretary-General's Global Education Greatest Initiative,[67][68] the Clinton Global Initiative careful the International Business Council of honourableness World Economic Forum. He was person's name co-chair of the US-Africa Business Heart, in September 2016, by the Awful Chamber of Commerce.[69][70][71][72] In April 2017, he joined the board of directorate of the Clinton Health Access Initiative.[73] He is also on the aim for of One Campaign.[74][75][76] Dangote was fit the founding Chairman of the Nigeria End Malaria Council by President Buhari in August 2022.[77] He is as well a member of the Global Give up Malaria Council, along with other forerunners including Bill Gates, Ray Chambers, see former President Ellen Johnson Sirleaf.[78]
See also
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Further reading
Barau, A. S. (2007), The Aggregate Attractions of Kano. Research and Support Directorate, Government House, Kano
Fayemiwo, M. A., & M. M. Neal (2013), Aliko Mohammad Dangote The Biography of authority Richest Black Person in the World, Strategic Book Publishing ISBN 9781618978851
Ekekwe, N. (2020), The Dangote System: Techniques for Construction Conglomerates, Tekedia Institute