Aliko Dangote Biography – Age, Career, Education, Early Life, Family, Awards, Career, Wiki And Net Worth
- Let us discuss Aliko Dangote’s Biography in terms of his Age, Career, Education, Early Life, Family, Political Career And Net Worth and much more.
Aliko Dangote is a Nigerian business magnate who specializes in manufacturing and sales. His main source of income stems from the success of his factory businesses throughout Nigeria and Africa as a whole.
His real name is Aliko Dangote, and his surname is more popular than his given name. He was born on April 10, 1957, to Muhammed Dangote and Mariya Sanusi Dantata.
In this article, I will discuss Aliko Dangote’s biography, career, age, place of birth, net worth, political career, and given name. Let’s start with his profile.
Full Name: | Aliko Dangote |
Stage Name | Aliko Dangote |
Date of Birth: | 10th of April, 1957 |
Place of Birth:: | Kano State, Nigeria |
State of Origin: | Kano State |
Nationality: | Nigerian |
Occupation: | Business Man |
Net Worth: | $15 Billionaire |
Wife/Spouse: | Married |
Source | The9jafresh |
Aliko Dangote Biography
Aliko Dangote is a business magnate from Nigeria. He is a globally recognized entrepreneur, investor, and philanthropist. Aliko Dangote is the chairman and CEO of Dangote Group, West Africa’s largest manufacturing conglomerate. Dangote began small and has grown his company to an enviable size, earning him the 51st spot on Forbes’ list of the world’s wealthiest billionaires. Aliko Dangote is a true inspiration to aspiring entrepreneurs who value hard work. When you look at how he got started, his business strategy, and what he has accomplished, you will see that he deserves all of the accolades.
Aliko Dangote Early Life and Education
Aliko Dangote was born on April 10, 1957, in Kano State, to Mohammed Dangote and Mariya Sanusi Dantata, the daughter of Sanusi Dantata, the great-grandson of Alhassan Dantata, West Africa’s richest man until his death in 1955.
Alhassan Dantata was a Northern Nigerian kola nut and groundnut trader who also distributed European goods. He supplied raw materials to large British trading companies and had business interests on the Gold Coast. Sanusi, for his part, was the director of the Shell B.P. Nigeria branch and the founder of Sanusi Dantata and Sons Limited. A conglomerate with subsidiaries in real estate, agriculture, and transportation.
Dangote began his education at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. He furthered at the Government College, Birnin Kudu. He received a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo.
Aliko Dangote Career
When Aliko was 21, he founded the Dangote Group as a small trading company with the help of a #500,000 loan from his wealthy uncle, Sanusi Abdulkadir Dantata. The company is now a multi-trillion-naira conglomerate with branches in Togo, Cameroon, Benin Republic, Ghana, Zambia, and South Africa, as well as a headquarters in Nigeria.
The group has stretched out from just trading to becoming the largest industrial group in Nigeria including Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. Dangote rented an abandoned piece of land at Apapa Port from the Nigerian Ports Authorities and proceeded to build facilities for his flour company there. He also went on to approach the Central Bank of Nigeria with a proposal for them to give him the contract of managing their fleet of staff buses; they approved his proposal.
Working hard, he rose from a petty trade business man in Nigeria to become a business tycoon across the world. His major investments include flour, cement and sugar. Recently however, Dangote has moved into the Nigerian oil sector. He hinted in April 2014 of his intention to invest $9 billion in building a Private Oil refinery, a petrochemical plant and fertilizer processing Complex.
Dangote Group is also into the exportation of cocoa, Ginger, cashew nut, cotton, sesame seed to many Nations around the Globe. The Dangote Transport got the license of Central Bank of Nigeria in 1990 to manage its fleet of buses. He is also a major employer of labour in Nigeria and among top employers in West Africa, with a total workforce of about 11,000 workers. He is also a major financier in Transport business in Nigeria, textile industry and housing sector.
In 2014, Forbes magazine rated Alhaji Dangote’s net worth at $24.6 billion. Also in 2014, he donated the sum of 150 million naira (US$750,000) to fight the spread of the Ebola virus. In 2015, he expressed interest in purchasing the English football team Arsenal.
Aliko Dangote’s Personal Investments
- N50 million donation to the National Mosque.
- N200 million donation to the Presidential Library.
- $750,000 to halt the spread of ebola in 2014.
- $100 million to the fight against child malnutrition in Nigeria in 2017.
- In 2018, Aliko Dangote built homes worth $5.6million for internally displaced persons in Borno State.
- N7 billion to support displaced persons affected by Boko Haram terrorists in the Northeast.
- N50 million donation to the Lagos State Security Trust Fund.
- Built the Police Intelligence Hostel Complex in Kwara State.
- Donated 150 fully-kitted operational vehicles to the Police Force.
Little wonder he was given the second highest national honorary award.
Some Of Dangote’s Businesses
Dangote Cement
Dangote Cement is a subsidiary of Dangote Industries and was founded by Aliko Dangote in 1981. It was incorporated as Obajana Cement Plc in 1992 and was later changed to Dangote Cement Plc in July 2010. The company started by importing cement into Port Harcourt and Apapa terminals but later made a strategic decision to commence full-time manufacturing. The cement is known for quality and is been used by many companies and individuals when carrying out their building projects across Africa.
Sugar Refining
Dangote Industries Limited ventured into sugar business in the 1970s importing sugar for sale. Today, the company has a sugar producing refinery known as Dangote Sugar Refinery Plc in Apapa, Lagos State. Dangote Sugar grades in 50kg, 1kg, 500g & 200g packages.
Salt Refining & Seasonings
NASCON Allied Industries Plc produces edible and Industrial salt marketed under the brand name “Dangote Salt”. The salt is available in retail packs of 250g, 500g and 1kg sachets.
Flour & Semolina
Dangote Flour & Semolina is produced by Dangote Flour Mill which commenced operations in 1999 as a division of Dangote Industries Limited. DFM has mills across Nigeria – Apapa, Ikorodu, Ilorin, Kano and Calabar. The company also produce Pasta and Ball Foods.
Packaging Materials
Dangote Agro Sacks Limited produces packaging bags for easy carriage of goods produced by companies within the group. The company produces over 36 million bags in a month.
Property Management
Dangote Group manages properties through MHF Properties Limited founded in 2011. The company is a service oriented company specializing in the management and development of luxury properties.
Technology
Dancom Technologies Limited is one of Dangote’s investment. The company provides IT services to the group.
Port Operations
Aliko Dangote also invested in Port Operations offering terminal operations, stevedoring, bulk cargo operation and containerization.
Food & Beverages
One of Dangote’s associated group known as Dansa Foods Limited produces bottled water and juices on behalf of the group.
Transportation
Dantrans Limited provides transport monitoring for Dangote Groups through advanced GPS systems.
Aliko Dangote Other Projects and Investments
Refinery and Petrochemical
The Group invested in a landmark integrated Refinery and Petrochemical project which is by far the largest Industrial complex in Nigeria history.
Fertilizer
Dangote Group is currently building a Fertilizer Plant which is envisaged to be the largest in Africa.
Agriculture
Dangote will also be partnering with smallholders and contract rice farmers to grow rice paddy and sugarcane.
Infrastructure
There is an ongoing alliance between Dangote Groups and Andrade Gutierrez (AG) Group referred to as AG – Dangote. AG is one of the largest infrastructure conglomerates in South Africa.
Automotive
Dangote Group is starting a truck assembly plant in Lagos with the aim of producing 10,000 trucks annually. $100 million is used as capital outlay.
Gas Pipelines
The Group is partnering with First E&P to start East West Offshore Gas Gathering Pipeline System (EWOGGS). This project is the single largest gas infrastructure investment in the history of Nigeria.
Aliko Dangote’s Principles
Aliko Dangote believe in re-investing the company’s profit back into the business. This principle has in no doubt contributed to the growth rate and diversification of Dangote group of companies over the years. He also believes in Nigeria and encourages Nigerians in diaspora to invest back home. He believes there is nothing that will grow Nigeria better than when we all come together to invest in our country.
Recognition and Awards of Aliko Dangote
Leading provider of employment in Construction Industry 2009
Grand Commander of the order of the Niger 2011
Honorary citizenship of Arkansas State 2013
Forbes Africa Person of the Year 2014
100 most influential people in the world 2014
Clinton Global Citizen Award 2015
Love to the world Initiative Builders Award 2016
Guardians Manufacturing CEO of the year 2017
Ahmadu Bello University Corporate Award 2018
Aliko Dangote’ Quotes
- “Youths of today aspire to be like me but they want to achieve it overnight. It’s not going to work”.
- “To build a successful business, you must start small and dream big. In the journey of entrepreneurship, tenacity of purpose is supreme”.
- “When you are raised by an entrepreneurial parent or grandparent, you pick that aspiration. It makes you be much more aggressive – to think anything is possible”.
- “I enjoy myself a lot but I derive more joy in working. I believe in hard work and one of my business success secrets is hard work”.”It’s hard to see a youth that will go to bed by 2 AM and wake up by 5 AM. I don’t rest until I achieve something”
- “Let me tell you this, and I want to really emphasize it… nothing is going to help Nigeria like Nigerians bringing back their money. If you give me $5 billion today, I will invest everything here in Nigeria”.
- “Every morning when I wake up, I make up my mind to solves many problems, before retiring home”.
- “After my death, I want to be remembered as Africa’s greatest industrialist”.
Aliko Dangote Personal Life
Dangote has been married four times, three of which ended in divorce. His children include; Zainab Dangote, Halima Dangote, Fatima Dangote and Salma Dangote. In July 2018, he revealed his desire to marry a new wife. According to him, “I am not getting younger. 60 years is no joke. But it doesn’t make sense to go out and get somebody if you don’t have the time.” But he agrees that he needs to “calm down a bit,” adding that daily he takes over 100 calls. His brother, Sani Dangote, serves as Group Vice President at Dangote Industries Limited.
Aliko Dangote Social Media
- Twitter:- @AlikoDangote
Aliko Dangote Net Worth
Aliko Dangote is presently worth 14.4 Billion according to Forbes Magazine, According to Bloomberg, the majority of his fortune is derived from his 86% stake in publicly-traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.
Dangote’s other publicly traded assets include stakes in Dangote Sugar, Nascon Allied Industries and United Bank for Africa. His stakes in the publicly traded companies are held directly and through Dangote Industries.
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