Dangote to open U.S., London offices | Marketing Edge Magazine (2024)

FAQs

Who is the owner of Dangote? ›

Aliko Dangote (born April 10, 1957, Kano, Nigeria) Nigerian businessman and philanthropist who is the founder and CEO of the Dangote Group conglomerate.

Aliko Dangote's journey to fortune is not a rags-to-riches story. He came from a wealthy family that was able to provide the financial assistance he needed to start his business. 4 Over the years, Dangote has expanded into new business segments, including telecommunications, real estate, and steel manufacturing.

After graduating from Egypt's Al-Azhar University with a degree in business, Dangote returned to Nigeria, where he started his own cement trading business funded by a loan from his uncle. He moved from Kano to Lagos, and ramped up imports.

The group now owns and operates over 18 subsidiaries, operating in ten African countries. Dangote Cement, is one of these subsidiaries that is listed on the Nigerian Stock Exchange, with its market capitalization accounting for almost 20 percent of the total capitalization of the Nigerian Stock Exchange.

Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer and owns 85 percent of the publicly-traded cement firm, through a holding company, Forbes stated.

Wealth. Dangote became Nigeria's first billionaire in 2007.

Raised primarily by his grandfather, Aliko was exposed to the intricacies of the family business from a young age, fostering a deep interest in entrepreneurship. His education at Al-Azhar University further honed his business skills, preparing him for the challenges ahead.

Kindly share this story: President of Dangote Group, Aliko Dangote has regained his position as the richest person in Africa with a net worth of $13.9bn, in the 2024 Forbes list of 20 of Africa's richest billionaires released yesterday.

Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. He owns 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa.

He is the richest man in Africa and one of the richest men in the world. He owns two private jets and a yacht.

How much is Dangote House? ›

This is said to be the $30m home of Africa's richest man's home, Dangote.. According to Africa Cradle who were given access to,the mansion situated in Abuja is Mr. Dangote has called this place home for a good twelve years.

A graduate of Business Studies from Al-Azhar University in Cairo, Egypt, he started business in 1978 trading in commodities, before he ventured into full-scale manufacturing.

We have almost about 29,000 Nigerian workers that are getting massive training. We are also creating a lot of capacity in the country, which will be of great help for future oil projects in Nigeria, most especially with the opening up of the oil industry through the new Petroleum Industry Act.

Dangote Cement is one of the pioneering companies to adopt a completely integrated approach to the manufacture and distribution of cement. We have an extensive network of depots in strategic locations across Nigeria, supplied by our own fleet of more than 5,000 trucks based at three different plants.

IN PURSUIT OF SELF-RELIANCE.

Cameroon's richest man Baba Ahmadou...

6.4 billion USD (2024)

Abdul Samad Rabiu / Net worth

Luxury goods mogul Johann Rupert, former diamond magnate Nicky Oppenheimer, media mogul Koos Bekker, mining boss Patrice Motsepe, Capitec founder Michiel le Roux, and consumer retail businessman Chrstoffel Wiese are the wealthiest South Africans kicking off 2024.