Dangote Group founder Aliko Dangote is the world’s richest black person. When it comes to Billionaires list in Africa, Nigeria takes the cup. With an estimated networth of more than $12 Billion according to Forbes Africa , Aliko Dangote is the richest man in Africa.
Dangote Group was founded in 1981, it now owns 18 subsidiaries with a wide range of industries. The company produces sugar, cement and flour. Cement through a holding company. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa.
The 64 year old billionaire credits his success to his maternal grandfather who introduced him to business at a tender age. Dangote would buy sweets and give them to people to sell for profits.
He obtained a business degree in Egypt's Al Azhar University in 1977. After graduating, he returned to Nigeria and started a business with a loan that he received from his uncle. He started trading commodities like cement, rice and sugar, it can became a huge success. Within a period of three months, he managed to repay the $500 000 loan from his uncle.
Now that he was established trader, he moved to manufacturing in 1999. He debuted in the Nigerian Stock Exchange in 2010 with a whooping $450 million, thanks to Dangote Sugar, making it the largest sugar refinery in Africa and second largest in the entire world.
he told Forbes Africa, required big thinking and an innovative approach. “You have to dream big to be able to be big and that’s what we’re doing,” said Dangote.
Despite all this wealth and outstanding achievements as a businessman, Dangote remains as simple, hardworking, humble and cool headed as he was in the very beginning
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