This blog is set up to point out the major problems of mankind and how they can be resolved to enable a peaceful coexistence and proper development in the society.

THE SECRET BEHIND ALIKO DANGOTE'S SUCCESS AND HIS NET WORTH

Obviously , it is not contestable that Aliko Dangote is the richest man in Nigeria and one of the richest men in Africa. In this article, you will get to know how Aliko Dangote started his business and his net worth.



Aliko Dangote , a business magnate, investor, Hausa Muslim from Kano, Kano state, was born in Apri 10, 1957 into a wealthy Muslim family. He is the great grandson of Alhaji Alhassan Dantata who was the richest African man at the time of his death in 1955.

He had his primary shool education in Capital High School Kano, having completed his education at the Sheihh Kumasi Madrasa in Kano. And also went to study business studies and admistration at Al-Azhar University, Cario, Egypt.
So, he started his business at the age of 21 when he borrowed  $3000 from his uncle to import and sell agricultural commodities in Nigeria. His business venture quickly became a success and as a result , he managed to repay the entire loan within three months he started the business.
From this loan he has become so successful that he has alot companies in Nigeria and Africa as a whole.
These are the list of Dangote companies ; ALCO International Limited, Dangote Nigeria Limited, Dangote Transport Limited, Dangote Cement Plc( listed on Nigeria Stock Exchange and account for over 60% of the Dangote Group revenue), National Salt Company of Nigeria Plc, Dangote Flour Mill Plc, Dangote Sugar Refinery Plc, Dangote Oil & Gas Industries International, Dangote Textiles Limited and Dangote Holdings Limited just to list a few.

He is married , with three children and lives in Lagos, Nigeria. He has been married four times and his first three marriages ended in divorce. He has a total of 3 children from these marriages.

Aliko Dangote's net worth is about 14.1 billion US Dollars as of March ,2018 and he has a private jet worth of 53 million Dollars.

Share:

No comments:

Post a Comment

Popular Posts

Recent Posts


Home