No 1 Richest Man in Africa 'Aliko Dangote'



Aliko Dangote is an entrepreneur and owner of several businesses in Africa. His businesses serve as a means of livelihood to many individuals. He is an influencer of several upcoming entrepreneurs and young businesses in Nigeria and Africa as a whole. He is recognised all over the world as a wealthy and successful businessman. His name was listed as one of the richest men in Forbes magazine and occupies the first position in Forbes Africa’s billionaires.



Dangote’s sources of wealth are mainly cement, sugar and flour. He is worth 12.1 billion dollars and age 60. He was born on 10th April 1957 and hails from Kano state. His businesses span several African countries including Nigeria, South Africa, Togo, Ghana, Cameroun, Ghana, Senegal, Ethiopia, Tanzania and Zambia. Dangote at one time said “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’.



Dangote group began operation in 1977 as a local trading firm and he eventually moved to Lagos to take his business to the next level. The small Dangote group has now become a multinational conglomerate of businesses all over Africa. He plans to invest close to 700 million dollars into sugar processing and also to acquire world renowned football club arsenal, he has received several awards in his lifetime including AAI award 2016 and trade union congress award.

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