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Aliko Dangote is the African richest man as well as the richest man in Nigeria with a net worth of $16.1 billion as of July 2019.
The Nigerian businessman's fortune surged 557% in 2010, making him the world's biggest gainer in percentage terms and Africa's richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchange's total market cap. Already the continent's biggest cement maker, he has plants under construction in Zambia, Tanzania, Congo and Ethiopa and is building cement terminals in Sierra Leone, Ivory Coast and Liberia, among other places. Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth to London for months, in anticipation of a public offering there later this year. Dangote began his career as a commodities trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2012 |
Asset |
Value of his investment in the oil industry |
$9,000,000,000 |
2012 |
Earnings |
Revenue of Dangote Group which he launched in 1977 |
$23,000,000,000 |
2009 |
Asset |
Value of his Bombardier aircraft |
$45,000,000 |