What is Aliko Dangote Net Worth? The net worth of Aliko Dangote is currently estimated at $14.7 billion as of 2023.
Aliko is the richest man in Africa and also ranks as one of the richest men in the world.
Here is a quick info about Aliko Dangote below.
- Aliko Dangote Net Worth: $14.7 billion.
- Full Name: Aliko Mohammad Dangote.
- Born: April 10, 1957.
- Citizenship: Nigeria.
- State of Origin: Kano State.
- Place of Birth: Kano State, Nigeria.
- Source of Wealth: Cement production, food commodities and investments.
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Aliko Dangote Net Worth in Naira
According to Forbes, the total net worth of Aliko Dangote is $14.7 billion. When converted to naira, Aliko Dangote net worth would be N6,103,293,000,000.00 (Naira).
Aliko Dangote’s Biography
Aliko Dangote, born on April 10, 1957, in Kano State, Nigeria, is a multibillionaire and one of the most successful businessmen in Africa.
He was born to Mohammed Dangote and Mariyah Sanusi Dantata. His mother, Mariyah, is the daughter of the late Sanusi Dantata, who was once the wealthiest man in West Africa until Aliko Dangote succeeded him in that status.
Dangote currently resides in Lagos State, Nigeria, and is best known for his massive influence in the cement industry through his company, Dangote Cement.
The success of this business has been pivotal in establishing him as the richest man in both Nigeria and Africa.
Aliko Dangote has been married twice. His first marriage was to Zainab at the age of 20, a union arranged by his parents that eventually ended in divorce.
His second marriage was to Mariya Rufai, the daughter of Bauchi state’s Commissioner for Women Affairs and Human Services.
This marriage also ended in divorce, and Dangote has remained single since then.
He has three daughters: Fatima, Halima, and Mariyah Dangote. There have been unconfirmed rumors about Dangote adopting a son at some point in his life, but the truth of these claims remains unclear.
Dangote’s remarkable success in the cement industry has not only amassed an impressive net worth but also cemented his reputation as a leading figure in African business.
His life and career stand as a testament to ambition, hard work, and savvy entrepreneurship.
Also related: Richest Igbo men in Nigeria.
Aliko Dangote’s Professional Journey
Aliko Dangote embarked on his journey to become the richest black man in the world at the age of 21.
It began with a loan of $3,000 from his uncle, which he used to import and sell agricultural products in Nigeria.
His business idea quickly took off, and he was able to fully repay the debt within just three months.
In 1981, Dangote founded the Dangote Group, a Nigerian multinational industrial company that started as a trading entity.
Initially, the group focused on importing essential items like cement, rice, sugar, and various other food products for distribution across Nigeria.
Under Dangote’s leadership, the group soon expanded and began to produce some of these commodities, not only meeting the needs of the Nigerian people but also contributing to the nation’s industrial growth.
The success of the Dangote Group is a testament to Aliko Dangote’s entrepreneurial vision and his commitment to serving his country’s population.
In February 2022, Dangote announced the completion of a Peugeot assembling facility in Nigeria, in collaboration with Stellantis Group (Peugeot’s parent company) and the governments of Kano and Kaduna states.
The new automobile company, known as Dangote Peugeot Automobiles Nigeria Limited (DPAN), is based in Kaduna.
The factory began operations by rolling out various Peugeot models including the 301, 508, 3008, 5008, and Landtrek.
On May 22, 2023, in Lekki, Nigeria, Dangote commissioned the Dangote Refinery. The refinery aims to export surplus petrol, positioning Africa’s largest oil producer as an export hub for petroleum products.
According to Dangote, who financed the construction, it also plans to export diesel. The refinery is located on a 6,180-acre site in the Lekki Free Trade Zone in Lagos State.
It is supplied with crude oil via the world’s largest sub-sea pipeline infrastructure, which spans 1,100 kilometers (680 miles).
Once fully operational, the refinery will create 135,000 permanent jobs in the region.
Aliko Dangote’s Recognition
Aliko Dangote has received several honors in Nigeria and from other African nations for his contributions to delivering industrial goods, along with certain food items.
Former President Goodluck Jonathan awarded Aliko Dangote as the Grand Commander of the Order of the Niger (GCON).
He was named Forbes Africa Person of the Year in 2014. Also, he has won Forbes’ most powerful man in Africa more than six times.
Time Magazine named him one of the 100 most influential people in the planet.
Also, Bloomberg Markets awarded Aliko Dangote as one of the 50 most influential individuals in the World.
Aliko Dangote was as well the Guardian Man of the Year in 2015 and was awarded the African Business Leader in 2016.
Also read about: The top 10 richest Yoruba men in Nigeria.
Luxuries of Aliko Dangote
After knowing about Aliko Dangote net worth, you shouldn’t be surprised to learn about some of the luxuries he possesses.
Aliko Dangote has a $45 million Bombardier Global Express XRS private jet.
He also has a Maybach 57S Knight Luxury worth N364 million, a Bugatti Veyron worth N728 million, a Mercedes-Benz CL65 AMG worth N73 million, and a Bentley Mulsanne worth N112 million, along with many other vehicles.
Aliko Dangote presently own a mansion in Abuja and the mansion is valued $30 million. He also has a luxury yacht worth $43,000 million.
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(Conclusion) Aliko Dangote Net Worth 2023
Aliko Muhammad Dangote has a net worth estimated at $14.7 billion, making him the wealthiest individual in both Nigeria and Africa.
He founded and chairs the Dangote Group, a prominent company engaged in the production of cement, industrial goods, and food commodities throughout the continent.
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