|Net Worth||$15.7 billion|
|Date of Birth||10 April 1957|
Aliko Dangote Net Worth, How did the Nigerian businessman accumulate his wealth? Check this article to find out more about Aliko Dangote Net Worth and his career.
Aliko Dangote Early Life
He is a Nigerian businessman. Aliko Dangote’s grandfather earned his wealth in the 1900s exporting peanuts to Europe. Aliko showed this entrepreneurial spirit during his childhood when he launched a business buying candy in bulk to sell to his elementary school classmates for a hefty profit.
Aliko attended Al-Azhar University in Egypt where he earned a degree in business. After graduating from college in the early 1970s, the 21 year old Dangote returned to Nigeria.
Aliko Dangote Career
Aliko Dangote was born on 10th of April, 1957 in Kano, Nigeria into a wealthy Muslim family. After his return from college, a powerful uncle secured him a highly lucrative government contract to manufacture cement plus a $5000 loan to launch a small business.
After spending time in Brazil and witnessing that country’s rise to an industrial superpower, Aliko was inspired to seek the same opportunities in Nigeria.
He launched The Dangote Group in 1977 and over the last 35 years, the company has grown at an extraordinarily fast pace. In 2013, The Dangote Group earned just under $21 billion in revenue. In five years time, Aliko Dangote plans to use his considerable resources to help revolutionize Nigeria’s oil industry.
Nigeria is actually the 13th largest oil producing country in the world, but because of poor infrastructure and theft, the majority of the country’s own oil comes from overseas sources.
Aliko hope to change this by building a state of the art multi-billion dollar refining industry around Nigeria’s most valuable sources of oil. If his plan to become a success, Aliko predicts that within five years he will be one of the wealthiest people on the planet, perhaps even #1.
Even with his wealth, he is still an extremely hard worker today. He hardly sleeps more than three or four hours per night and famously did not take any kind of vacation for 17 years straight. But the vacation streak was broken recently when he traveled to Walt Disney World in Orlando with a gigantic group of family that included 18 children, grandchildren, nieces and nephews.
Aliko Dangote Net Worth
As of today, Aliko Dangote Net Worth is $15.7 Billion. Aliko Dangote Net Worth is earned from his career as a businessman.
He is the richest person in Nigeria, the richest person in Africa and the richest black person on the planet, as of January 2014. Aliko earned his net worth by founding The Dangote Group which now controls much of Nigeria’s commodities trade.
Aliko Dangote is a Nigerian Businessman. He kicked off The Dangote Group in 1977 and over the last 35 years, the company has grown at an extraordinarily fast pace.
In the next five years, Aliko Dangote plans to use his considerable resources to help revolutionize Nigeria’s oil industry.
As of 2020, Aliko Dangote’s net worth is $15.7 Billion.
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