How old is Aliko Dangote?

how old is aliko dangote

Aliko Dangote (GCON) is a Nigerian billionaire born on 10 of April 1957. He owns the Dangote Group which operates in Nigeria and many other African countries including Senegal, Benin, Ethiopia, Cameroon, South Africa, Ghana, Togo, Tanzania and Zambia with interest in commodities.

Dangote comes from a prominent business savvy family. He is the great-grandson of Alhaji Alhassan Dantata, the richest African man at the time of his demise in 1955. Of Hausa descent and a Muslim, Aliko had flair for business right from his primary school days; as he would buy cartons of sweets and sell them to make money.

how old is aliko dangote

The Dangote Group was established in 1977 as a small trading firm, and today, it is am multi-trillion naira conglomerate. It controls the sugar market in Nigeria and is a major distributor to Nigeria’s soft drink confectioners, brewers, and companies. Its refinery is the largest in the Africa and third largest in the world, with the capacity to produce 80,000 tons of sugar per year.

The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria including Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. The company employs over 11,000 people and is the largest industrial conglomerate in West Africa. As of February 2017, Aliko Dangote had an estimated net worth of US$12.5 billion.

Ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa; he was listed as the 23rd richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world’s richest person of African origin. Doing a simple math, the Nigerian billionaire is currently 59 years old.

ALSO READ:  How old is Odunlade Adekola?

Leave a Comment