Born into a rich family, he was exposed to a wealthy lifestyle. Dangote approached the ‘Nigerian Ports Authority’ in 2012 to seek permission to own an abandoned piece of land. Aliko Dangote is a Nigerian businessman who also happens to be the richest man in the entire African continent. Aliko Dangote’s refinery is not only the largest in Africa, but also the third largest in the world. In the late 2000s, Dangote also started working in the telecommunications sector. This is how he was given a cement plant, which eventually become a huge success. After he split up with Maria, the rumors appeared in the media about him romance between him and the beauty queen Sylvia Nduka. He also believes in Nigeria and encourages Nigerians in diaspora to invest back home. He has openly stated that he would not let countries apart from Nigeria benefit from his earnings and that he would invest all his earnings in Nigeria. In 2018, Aliko Dangote built homes worth $5.6million for internally displaced persons in Borno State. [29] A dedicated philanthropist, Dangote made an initial endowment of $1.25 billion to the Aliko Dangote Foundation in March 2014, enabling it to scale up its work in health, education and economic empowerment. Aries Entrepreneurs, See the events in life of Aliko Dangote in Chronological Order. Insights, information and opportunities that inspire, inform and educate straight to your inbox. He started manufacturing sugar, pasta, and flour. $750,000 to halt the spread of ebola in 2014. That means the man is just 5 years older than me. According to some accounts, when he was only 21 years old, he borrowed $3,000 from his uncle, planning on importing and selling agricultural goods in Nigeria. Aliko has invested a fortune in the group’s ‘National Salt Company of Nigeria’ and has his own salt-manufacturing units in the country. I was so interested in business, even at that time. He has an estimated net worth of US$8.3 billion (July 2020),[3] making him the 162nd wealthiest person in the world and the richest person in Africa. After completing studies in business at the Islam-affiliated Al-Azhar University in Cairo, Dangote returned (1977) to Nigeria and was given a loan by his uncle to start a business, which traded commodities and business supplies, primarily cement. Even though he did not follow the path of many other wealthy Nigerian businessmen whose fortune came from the oil investments, for Aliko Dangote oil is just one of the many ways to earn money. He is a business magnate, investor, and most importantly, the owner of a mega-successful conglomerate, Dangote Group. But unfortunately, this union was no more successful than the previous ones. The company also invests in real estate, oil, gas, and transport. Soon, he was starting to be recognized as one of the few billionaires of Nigeria. Sparks held various posts associated... Get exclusive access to content from our 1768 First Edition with your subscription. “To build a successful business, you must start small and dream big. He is known to have married four times. His family business, then chaired by his grandfather, Sanusi Dantata, was at its profitable best during Aiko’s childhood. Updates? So, who is Aliko Dangote? For his efforts toward the betterment of his country, he was awarded with the second-highest honor of Nigeria, the ‘Grand Commander of the Order of the Niger,’ by President Goodluck Jonathan. [4], From Simple English Wikipedia, the free encyclopedia, "The World's Billionaires: Aliko Dangote", "Aliko Dangote: Things You Never Knew About Him, His Wives and Children - Naija News", "Dangote Cement Now Nigeria's Biggest Firm, Invests In S/Africa", https://simple.wikipedia.org/w/index.php?title=Aliko_Dangote&oldid=7140440, Pages using infobox person with unknown parameters, Creative Commons Attribution/Share-Alike License, Richest person on the African continent (2018). Later, he moved on to become a student in Capital High School, Kano. In the journey of entrepreneurship, tenacity of purpose is supreme”. You`ll be totally impressed! Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. Aliko Dangote Biography Aliko Dangote was born on the 10 th of April, 1957 to Mohammed Dangote and Mariya Sanusi Dantata – a wealthy muslim family in Kano State. Bravo continue the good work. Aliko Dangote believe in re-investing the company’s profit back into the business. The cement is known for quality and is been used by many companies and individuals when carrying out their building projects across Africa. READ ALSO: Most successful entrepreneurs in Nigeria in 2018, Leave your email to receive our newsletter, Get the hottest stories from the largest news site in Nigeria, Drop your mail and be the first to get fresh news, The story of Aliko Dangote education and career success, Top most interesting facts about Humblesmith, Wasiu Alabi Pasuma's biography, profile and life story, Nollywood actors and actresses who are still single. [19][20] In March 2020, he donated 200 million naira (US$500,000) towards the fight against the spread of COVID-19 in Nigeria. He contributed N200 million to the Presidential Library. Aliko’s received his early education at the ‘Sheikh Ali Kumasi Madrasa,’ followed by the ‘Capital High School’ in his home state of Kano. Aliko Dangote comes from Kano, Kano State. This project is the single largest gas infrastructure investment in the history of Nigeria. He is the owner of the ‘Dangote Group,’ the largest cement producer in Africa. However, Aliko Dangote’s little business became interesting for lots of people, and they started massively buying the goods that Dangote Group produced. The company is a service oriented company specializing in the management and development of luxury properties.