Aliko Dangote
Aliko Dangote was born in Kano, Nigeria on April 10th, 1957 and is the Entrepreneur. At the age of 67, Aliko Dangote biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 67 years old, Aliko Dangote physical status not available right now. We will update Aliko Dangote's height, weight, eye color, hair color, build, and measurements.
Business career
The Dangote Group was established as a small trading company in 1977, the same year that Dangote relocated to Lagos to expand the company. Dangote began trading in commodities like bagged cement, as well as agricultural products like rice and sugar, thanks to a $500,000 loan from his uncle. In the 1990s, he approached the Central Bank of Nigeria with the hope that it would be cheaper for the bank to allow his transportation company to control their fleet of staff buses, which was also approved.
The Dangote Group is one of Africa's largest conglomerates, with international operations in Benin, Ghana, Zambia, and Togo. The Dangote Group has grown from being a trading business to Nigeria's biggest industry group, including divisions such as Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Dangote Group dominates Nigeria's sugar industry, with its refinery division being the country's top supplier (70 percent of the market) to the country's soft drink firms, breweries, and confectioners. More than 11,000 people are employed in West Africa by the company.
Dangote approached the Nigerian Ports Authority in July 2012 to rent an abandoned piece of land at the Apapa Port, which was accepted. He later built facilities for his sugar business there. It is Africa's largest refinery and the third largest in the world, producing 800,000 tonnes of sugar per year. The Dangote Group owns salt factories and flour mills, and it is a leading rice, fish, pasta, cement, and fertiliser manufacturer. Several countries export cotton, cashew nuts, cocoa, sesame seeds, and ginger. In addition,, the company has significant investments in real estate, banking, shipping, textiles, oil, and gas.
Dangote revealed the completion of his Peugeot assembling plant in Nigeria in February 2022, following his collaboration with Stellantis Group, Peugeot's parent company, in the Kano and Kaduna state government. "The new automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN), a Kaduna-based company, started operations with the roll-out of Peugeot 301, Peugeot 5008, 508, and Land Trek.
In 2007, Dangote became Nigeria's first billionaire. According to the Bloomberg Billionaires Index, Dangote reportedly added $9.2 billion to his personal wealth in 2013, making him the thirtieth-richest person in the world and Africa's richest person. The HSBC leaks revealed that Dangote was a HSBC customer and that he had assets in a tax haven in the British Virgin Islands in 2015. Dangote is Africa's richest individual, with an estimated net worth of US$20 billion as of June 2022.