Aliko Dangote Biography: Age, Wife, Net Worth, Career, House, Cars
Education, Philantrophy, Businesses
ALIKO DANGOTE BIOGRAPHY
Aliko Dangote is a Nigerian businessman, investor and founder of Dangote Group, one of the biggest African business conglomerates. He is actually the richest African, having a net worth running into billions of dollars.
Have you been wondering about the background of Dangote, his business and what has made him so wealthy? Great enough! We have crafted this article to answer those questions you may have about Aliko Dangote, to give you a piece of in-depth knowledge about his biography, family, and career.
ALIKO DANGOTE’s WIKIDATA
- FULL NAME: Aliko Mohammad Dangote
- DATE OF BIRTH: Born on 10 April 1957
- AGE: 62 Years
- PROFESSION: Businessman [Owner of the Dangote Group
- MARITAL STATUS: Married
- NET WORTH: 15.7 billion USD (Forbes 2020
- WIVES/SPOUSE: Once married Mariya A D Muhammad Rufai, Sylvia Nduka AD, Nafisat Yar’adua
- PARENTS: Mohammed Dangote and Hajia Mariya Sanusi Dantata
DANGOTE’s EARLY LIFE AND EDUCATION
On the 10th day of April, 1957, Aliko Dangote was born into a wealthy family of Mohammed Dangote and Mariya Sanusi Dantata in Kano, in the present day Kano State; a state in Northern Nigeria.
He is of the Hausa descent and a Muslim by religion. Aliko Dangote is a great grand-son to Alhaji Alhassan Dantata, the richest man in West Africa as at 1955.
Alhassan Dantata made his fortune selling commodities like oat and rice. Therefore, Aliko Dangote grew up knowing the business and having that entrepreneurial mindset of his family.
As he grew up, the need to get formal education arose. He was therefore educated at the Sheikh Ali Kumasi Madrasa and from where he moved to Capital High School, Kano.
In 1977, Aliko Dangote graduated from Al-Azhar University, a prestigious Islamic university in Cairo Egypt. He, however, obtained a bachelor’s degree in Business Studies and Administration when he was still 21 years old.
DANGOTE BUSINESS CAREER
Aliko Dangote has been a lover of business right from when he was still young. In a statement he made some time ago, he state how he had bought and sold packets of candy just to make some money. In 1977, he decided to borrow $3000 from his uncle, to start his own business.
With that money, he established the Dangote Group. He started to import and sell in Nigeria, agricultural products. As a business expert, this venture saw a huge success that in three months, he paid back what he borrowed from his uncle. He kept on reinvesting his profits into his business and today he has one the biggest companies in Africa.
Today, the Dangote Group which he started in 1977 is a multinational conglomerate company. It has become also one of the largest private-sector employers in Nigeria, employing over 30, 000 people. The company has tracts in many African countries including Ghana, Togo, Benin, and Zambia and so on. Dangote Group is however the highest conglomerate in West Africa and one of the highest in Africa.
Dangote Group has its tentacles spread into many industries including oil and gas, consumer goods products and the manufacturing industry. The Dangote Cement provides 80% of the conglomerate’s revenue. The Dangote Cement currently produces 45.6 million metric tons of cement annually. Plans are set to increase production by 33% in 2020.
The Dangote’s sugar refinery is the world’s 3rd largest sugar refinery. A quarter of the Nigeria Stock Exchange is made up of Dangote Group’s publicly traded companies. In the petrochemical industry, the Dangote Group has a 3 million tones fertilizer industry and petroleum refinery that is capable of refining 650, 000 barrels of oil (this $10 billion is still under construction).
THE LIST OF DANGOTE’S BUSINESSES IN NIGERIA
- National Salt Company (NASCOM)
- Dangote Sugar
- Dangote Pasta
- Dansa Foods
- Savannah Sugar
- Dangote Transportation
- Dangote Agro-sacks
- Greenview Development
- Dangote Oil and Gas
WHAT IS DANGOTE’S BUSINESS SECRET?
Aliko Dangote is setting a business record that would be had to break. Obviously, he is a business guru with a remarkable sense of doing business. What if you were told his business secret? Are you ready to take his footsteps?
One may not categorically say what the business secret of Dangote is, but we do understand some things about the strategy he uses. Only few businessmen have been able to use this method. Many businessmen get relaxed when the make the first blow but Dangote never relents.
This strategy is the ability to plow back a huge profit into the business and with time, he diversifies into another industry. He keeps reinvesting and investing in the local industries, where only few would see a fortune. Aliko Dangote also has the right tool, the money and the human resources in his business.
It is also undeniable that there are some political influences to the growth of his business. These reasons and more have been able to place Dangote’s where he is today.
ALIKO DANGOTE’S FAMILY: WIVES
Aliko Dangote as stated above is the great grand-son of Alhaji Alhassan Dantata, the richest man in West Africa before his death in 1955. Sanusi Dantata a son of Alhassan Dantata was the father of Dangote’s mother, Mariya Dantata. He had three siblings but lost his younger brother in a plane crash in 1996. Dangote’s siblings are Sani Dangote and Bello Dangote.
Aliko Dangote had been married twice but he is currently divorced. He’s got his first wife when he was still twenty (20) years old, which was a woman his parents married for him. He later fell in love with Nafisat Yar’adua, the daughter of Umaru Musa Yar’adua but the young lady refused the marriage. He also got married to Maria AD Mohammad Rufai. The marriage like the first one ended in divorce too.
Aliko Dangote has three beautiful daughters: Mariya Dangote, Fatima and Halima Dangote, from his first wife. They all studied in the United Kingdom. Dangote has only one son, who was adopted. He bears a different name: Abdulrahman Fasasi.
ALIKO DANGOTE’s HOUSE
Aliko Dangote is today the world’s richest Black man. He lives in a beautiful and luxurious multi-million dollar apartment in Nigeria. The billionaire recently disclosed that he doesn’t have any house outside of Nigeria, simply because it may be a waste of funding to service and maintain such luxury.
His current mansion where he lives in Abuja is said to worth well over $30 Million. On the outside of the house is white painting and glasses on the windows. The mansion no doubt is one of the most expensive and beautiful mansions in Nigeria today.
There is also a white-painted fence around the perimeter. The black gate helps it distinguishes itself between its white surroundings. The surroundings are clean and friendly with green raspberries both on the outside and within the fence.
ALIKO DANGOTE’s CARS
It is no wonder that the Dangote car collection includes the most expensive cars in the world, what do you expect of a man who wields such unmatched wealth profile in the continent of Africa. Amongst others, there are Bentley, Maybach, Mercedes, and Bugatti and others that didn’t make it to this list.
- Bentley Mulsanne – N112 million
- Maybach 57S Knight Luxury – N364 million
- Mercedes-Benz CL65 AMG – N80 million
- Bugatti Veyron – N728 million
ALIKO DANGOTE NET WORTH 2020
Aliko Dangote ranks the top richest man in Africa and the 136th in the world. He made his wealth through the Dangote business conglomerate. Today, the net worth of Aliko Dangote is $15 Billion in 2020 according to Forbes Magazine’s.
ALIKO DANGOTE’s AWARDS
Aliko Dangote has won so many awards too numerous to mention. In 2011 he was awarded the prestigious award as the Grand Commander Order of the Niger (GCON) due to his contribution towards the provision of employment in Nigeria. In 2014, he was named as the Forbes Africa Person of the year.
Aliko Dangote has been known for many philanthropic works in Nigeria. It is been noted that he funded the re-election of Olusegun Obasanjo n 2003, to which he gave $2 million. He also contributed $500, 000 towards the construction of the National Mosque Abuja.
Also in 2014 when the menace of Ebola virus was prominent, Aliko Dangote donated 150 million naira to stop the spread of the virus. Alongside Otedola, Aliko Dangote promised the Super Eagles players $750,000 for every goal scored during the African Cup of Nations, 2019.