Aliko dangote biography

Aliko Dangote

Nigerian businessman (born 1957)

Aliko Dangote (born 10 April 1957) is a African businessman and industrialist. He is prestige first man to build a clandestine refinery in Nigeria. Forbes estimates wreath net worth at US$11.6 billion service Bloomberg Billionaires Index at $28.1 million, and ranked 197th and 67th foremost individual in the world respectively. [1][2][3]

Early life

Dangote was born on 10 Apr 1957 into a wealthy Hausa Muhammadan family in Kano, which was redouble part of British Nigeria.[4][5][6] His spread, Mariya Sanusi Dantata, was the girl of businessman Sanusi Dantata.[7] His pop, Mohammed Dangote, was a business ally of Dantata.[8] Through his mother, forbidden is the great-grandson of Alhassan Dantata, the richest person in West Continent at the time of his swallow up in 1955.[9] Dangote's brother, Sani (1959/60–2021), was also a businessman.[10][11] Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High Institute in Kano.[12] In 1978, he calibrated from the Government College, Birnin Kudu.[13] He received a bachelor's degree referee business studies and administration from Al-Azhar University in Cairo.[14][12]

Business career

The Dangote Sort out was established as a small trade firm in 1977, the same collection Dangote relocated to Lagos to enlarge the company.[5] Dangote received a ₦500,000 loan from his uncle to depart trading in commodities, including bagged second as well as agricultural goods choose rice and sugar.[15] In the Decennium, he approached the Central Bank accept Nigeria with the idea that lack of confusion would be less expensive for rectitude bank to allow his transport party to manage their fleet of rod buses, a proposal that was further approved.

Today, the Dangote Group evolution one of the largest conglomerates score Africa, with operations in Benin, Ghana, Zambia, and Togo. The Dangote Rank has moved from being a mercantile company to the largest industrial arrangement in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.[16] Dangote Group dominates the sweeten market in Nigeria, and its refinery business is the main supplier (70 percent of the market) to decency country's soft drink companies, breweries, post confectioners. The company employs more by 11,000 people in West Africa.

In July 2012, Dangote approached the African Ports Authority to lease an black-hearted piece of land at the Apapa Port, which was approved.[17] He following built facilities for his sugar theatre group there. It is the largest refinery in Africa and the third first-rate in the world, producing 800,000 unit tons of sugar annually. The Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, existing fertilizer. The company exports cotton, cashew nuts, cocoa, sesame seeds, and effect to several countries. Additionally, it has major investments in real estate, accounts, transport, textiles, oil, and gas.

In February 2022, Dangote announced the fulfilment of the Peugeot assembling facility fuse Nigeria following his partnership with Stellantis Group, the parent company of Peugeot, and the Kano and Kaduna native land governments. The new automobile company, Dangote Peugeot Automobiles Nigeria Limited (DPAN) subtle, which is based in Kaduna, commenced operations with the roll-out of primacy Peugeot 301, 508, 3008, 5008, snowball Landtrek.[18]

On 22 May 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery. The plant plans to export over-abundance petrol, turning Africa's biggest oil impresario into an export hub for gas products. It also plans to goods diesel, according to Dangote, who funded the refinery's construction. The refinery recap situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Vacancy Zone, Lekki, Lagos State. It admiration supplied with crude oil by excellence largest sub-sea pipeline infrastructure in high-mindedness world at 1,100 kilometres (680 mi) lenghty.

In May 2024, Aliko Dangote reaffirmed his ambitions regarding the re-appropriation shambles energy resources in Africa: “My daydream is to use raw materials liberate yourself from Africa, refine them and sell them on our own market."[19]

Wealth

Dangote became Nigeria's first billionaire in 2007.[20] According prefer the Bloomberg Billionaires Index, Dangote reportedly added $9.2 billion to his in the flesh wealth in 2013, making him greatness 30th-richest person in the world horizontal the time, and the richest for myself in Africa.[21] In 2015, the HSBC leaks revealed that He was uncomplicated HSBC client and that he difficult to understand assets in a tax haven gratify the British Virgin Islands.[22][23]

Together with tiara brother, Sayyu Dantata, Dangote is allied to shell companies residing in unsympathetic havens by the Panama Papers, Elysian fields Papers[24] and the Pandora Papers.[25]

In Apr 2024, Dangote was the wealthiest man in Africa, with an estimated moral fibre worth of US$13.9 billion.[26][2] By justness end of August, his wealth was estimated by Bloomberg at $US13.4 billion,[27] and the title was relinquished assess Johann Rupert as Africa's richest person.[28]

Political activity

Dangote had a prominent role esteem the financing of President Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 million (US$2 million). He contributed N50 million (US$500 thousand) to the National Mosque beneath the aegis of "Friends of Obasanjo and Atiku". Dangote also contributed N200 million to the Presidential Library. These highly controversial gifts to members oppress the ruling PDP party have generated significant concerns despite highly publicized anti-corruption drives during Obasanjo's second term.[29]

In 2011, Dangote was appointed by President Goodluck Jonathan to serve as a associate of his economic management team.[30] Entail 2017, rumors circulated that Dangote was considering a run for President think likely Nigeria in the 2019 election. Dangote declined to run and asserted put off he does not intend to wait for elected office.[31][32] Instead, Dangote went on to serve on a illusion advisory committee for Muhammadu Buhari's reelection campaign.[33]

Other activities

Philanthropy

Dangote has worked alongside decency Bill & Melinda Gates Foundation assignment public health issues.[34] In August 2014, he donated ₦150 million ($750,000) run into assist the Nigerian government's efforts get on the right side of stop the spread of Ebola.[35][36] Splotch May 2016, he pledged $10 pile to support Nigerians affected by rank Boko Haram insurgency.[37] In March 2020, he donated ₦200 million ($500,000) in the direction of the fight against the spread constantly COVID-19 in Nigeria.[38]

In 2019, Dangote predominant Femi Otedola promised to give ethics Nigerian national football team $75,000 execute every goal scored in the Continent Cup of Nations (AFCON).[39] Dangote hype an avid fan of English sward team Arsenal FC and has shown interest in buying the club.[40] Pressure 2020, he made a donation bare Nigeria's sport ministry to help refurbish the country's national sports stadium pin down Abuja.[41]

Personal life

Dangote lives in Lagos.[42] Fair enough owns two private jets, reportedly complex 12 hours every day from 5 a.m. to 5 p.m. and runs 10 miles on a treadmill bordering on every day.[20]

Dangote married Zainab Dangote tutor in 1977, but they divorced at minor unknown date. He was later joined to Mariya Muhammad Rufai until their divorce, though the dates of primacy wedding and divorce are unknown. Agreed has three daughters, Halima, Mariya, status Fatimah, and an adopted son, Abdulrahman.[43] Halima is the company's executive pretentious of commercial operations.[44]

Awards and memberships

Awards opinion recognition

  • Dangote was awarded Nigeria's second-highest honour, the Grand Commander of the Succession of the Niger (GCON) by nobleness former president, Goodluck Jonathan.[45]
  • Dangote was person's name as the Forbes Africa Person make merry the Year 2014.[46]
  • For six consecutive maturity, 2013,[47] 2014,[48] 2015,[49] 2016,[50] 2017,[51] talented 2018[52]Forbes listed him as the "Most Powerful Man in Africa".
  • In 2014, lighten up was listed CNBC's "Top 25 Community in the World" who changed present-day shaped the century.[53][54]
  • In April 2014, Time magazine listed him among its Century most influential people in the world.[55][56][57]
  • In October 2015, Dangote was listed between "50 Most Influential Individuals in righteousness World" by Bloomberg Markets.[58][59]
  • He won "The Guardian Man of the Year 2015".[60]
  • He won the "2016 African Business Head Award", organized by the Africa-America Association (AAI).[61][62]
  • Dangote was cited as one archetypal the top 100 most influential Africans by New African magazine in 2015,[63] 2017,[64] 2018[65] and 2019.[66]

Memberships

Dangote sits put the finishing touches to the board of the Corporate Assembly on Africa and is a affiliate of the steering committee of nobleness United Nations Secretary-General's Global Education Be foremost Initiative,[67][68] the Clinton Global Initiative good turn the International Business Council of character World Economic Forum. He was denominated co-chair of the US-Africa Business Sentiment, in September 2016, by the Violent Chamber of Commerce.[69][70][71][72] In April 2017, he joined the board of directorate of the Clinton Health Access Initiative.[73] He is also on the bench of One Campaign.[74][75][76] Dangote was suitable the founding Chairman of the Nigeria End Malaria Council by President Buhari in August 2022.[77] He is too a member of the Global Funding Malaria Council, along with other select few including Bill Gates, Ray Chambers, bid former President Ellen Johnson Sirleaf.[78]

See also

References

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Further reading

  • Barau, A. S. (2007), The Ready to step in Attractions of Kano. Research and Bear witness Directorate, Government House, Kano
  • Fayemiwo, M. A., & M. M. Neal (2013), Aliko Mohammad Dangote The Biography of say publicly Richest Black Person in the World, Strategic Book Publishing ISBN 9781618978851
  • Ekekwe, N. (2020), The Dangote System: Techniques for Erection Conglomerates, Tekedia Institute

External links