Aliko Dangote Intro
We are talking about the Chairman and CEO of Dangote Group and also about the Africa’s richest person, Aliko Dangote. He is serving as head of the largest indigenous industrial conglomerate in Sub-Saharan Africa. The group is working for powering the Africa’s growth with a vision to become the world-class enterprise that is looking forward to enhance the standard of living in Africa.
Recently, he was honoured as the richest “black” person worldwide in 2018 having the net worth of $1.4.1 billion according to report of March 2018.
His early life
Aliko was born on 10th April, 1957 in Kano, Kano State, Nigeria to Mohammed Dangote and Mariya Sanusi Dantata. He was raised in a wealthy family with his sibling Sani Dangote. The passion of business was so great that while attending his primary school he used to sell out candies to earn more money. This passion helped him complete his higher education in business studies and administration from Al-Azhar University in Cairo, Egypt. He then finally thought of starting a small venture in Nigeria in 1977.
About his business career
In 1977, he decided to start his own business with a sum of $2500 borrowed from his grandfather having a limit to be paid back within three years. He got settled in Lagos and dealt with import business of rice and sugar from Thailand and Brazil. His business took a way of earning great profits within the very first year. He then learnt of manufacturing units and implanted such units in late 90s for sugar, pasta and flour and soon earned the status of recognised billionaires of Nigeria.
He established the Dangote Group being the biggest sugar supplier in the country. The federal government offered him the cement plant that further changed his fortunes. Now the group has managed to build up control over 70% of Nigerian sugar market further becoming the third largest in the world and largest in Africa.
Aside from business, the group is engaged in the Dangote Foundation spending out millions for the betterment of education and healthcare system in country. The work of the group is carried out in every field including telecommunication, import of cotton, cocoa, salt, sesame seeds and cashew nuts. Even the transport business is not far from its touch and they are managing its fleet of buses.
He got married for four times having in total 15 children from all his marriages. He is now residing in Lagos with his fourth wife and three children.
He received the title, ‘Forbes Africa Person of the Year’ in 2014 and in 2015 won Clinton Global Citizen Award. He is also the recipient of the Grand Commander of the Order of the Niger, which is considered as the Nigeria’s second highest honour.