The President and Chief Executive Officer of
Dangote Group of Companies, Mr. Aliko
Dangote has been rated the 62nd richest man
in the world with a net worth of $13.5 billion.
According to a report by Bloomberg tagged,
‘The World’s 200 Richest People,’ Dangote is
said to be richer than Mark Zuckerberg,
founder of Facebook, Rupert Murdoch, CEO
and founder of News Corporation, Giorgio
Armani, founder of Armani designs who were
stated as having net worths of $10.7 billion,
$10.4 billion and $7.8 billion respectively.
More details when you continue
In the report, Mexico’s Carlos Slim, Chairman,
America Movil SAB Emeritus, emerged the
richest, with a net worth of $77.5 billion,
followed by the founder of Microsoft Company
Bill Gates who has a net worth of $64.4 billion,
while the chairman of Inditex SA, Amancio
Ortega, with a net worth of $53.6 billion made
the third position.
Others on the top ten list include: Warren
Buffett with a net worth of $48.4 billion; Ingvar
Kamprad $41.8 billion; Charles Koch, $38.6
billion; David Koch, $38.6 billion; Larry Ellison,
$37.2 billion; Christy Walton, $30.5 billion, and
Jim Walton with a net worth of $29.3 billion.
However the founder of Facebook Zuckerberg,
is ranked 88th on the list, while the owner of
Chelsea Football Club, Roman Abramovich, is
ranked 51 with a Net worth of $14.7 billion and
Sunil Mittal the owner of Bharti Airtel with a net
worth of $6.2 billion is ranked 182nd on the list.
On the bottom list are: Walter Faria with a Net
worth of $6.1 billion; Leonid Fedun, with a net
worth of $6.0 billion; Terry Gou with a net worth
of $6.0 billion; Richard LeFrak with a net worth
of$6.0 billion; Miuccia Prada Bianchi with a net
worth of $6.0 billion; Ivan Glasenberg with a net
worth of $6.0 billion; Silvio Berlusconi with a net
worth of $6.0 billion; Jeffery Hildebrand with a
net worth of $6.0 billion; Shiv Nadar with a net
worth of $5.9 billion; Steve Schwarzman with a
net worth of $5.8 billion and John Sall with a
net worth of $5.8 billion.
Alhaji Dangote, MFR, GCON, born 10th April
1957 in Kano, Nigeria, is a self-made business
magnate of the Dangote Group, with an
estimated net worth of $13.5 billion.
Born into a wealthy Hausa-Muslim family, his
mother Mariya Sanusi Dantata was the
granddaughter of legendary Hausa
businessman Alhassan Dantata, and his father
Mohammed Dangote was Dantata’s busines
associate.
Dangote had an early interest in business: “I
can remember when I was in primary school, I
would go and buy cartons of sweets [sugar
boxes] and I would start selling them just to
make money. I was so interested in business,
even at that time.” he said during an interview.
He attended the Al Azhar University in Cairo,
Egypt where he studied business,and later
returned to Nigeria to work with his uncle
Sanusi Abdulkadir Dantata who eventually gave
him a business loan of N500,000 when he was
just 21 years old.
The Dangote Group, originally a small trading
firm founded in 1977, is now a multi-trillion
naira conglomerate with operations in Benin,
Ghana, Nigeria, and Togo.
Dangote’s businesses include food processing,
cement manufacturing, and freight. The
Dangote Group dominates the sugar market in
Nigeria: it is the major sugar supplier to the
country’s soft drink companies, breweries, and
confectioners.
Dangote Group has moved from being a
trading company to Nigeria’s largest industrial
group including: Dangote Sugar Refinery,,
Dangote Cement, and Dangote Flour amongst
others.
Today, Dangote Group dominates the sugar
market in Nigeria and Dangote Sugar Refinery is
the main supplier (70 per cent of the market) to
the country’s soft drinks companies, breweries
and confectioners.
It is the largest refinery in Africa and the third
largest in the world producing 800,000 tonnes
of sugar annually. Dangote Group also owns
salt factories and flour mills and is a major
importer of rice, fish, pasta, cement and
fertilizer. The company also exports cotton,
cashew nuts, cocoa, sesame seed and ginger to
several countries.
Dangote Group also has major investments in
real estate, banking, transport, textiles and oil
and gas. It employs over 11,000 people and is
the largest industrial conglomerate in West
Africa.
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