How did Dangote start his business & Aliko Dangote Net worth

How did Dangote start his business

At the age of 21, Aliko Dangote borrowed $3,000 from his uncle to import and sell agricultural commodities in Nigeria, his country.
His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.

For the seventh in a row, Dangote was the richest man in Africa in 2018, with an estimated net worth of $14.1 billion. The business empire he began to build more than three decades ago, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.

Dangote's business interests encompass many industries, including oil and gas, consumer goods and manufacturing. About 80% of his conglomerate's revenue comes from Dangote Cement. According to Forbes magazine, the subsidiary produces 44 million metric tons of cement every year and plans to increase output by 33% by 2020.

Dangote also owns the world's third- largest sugar refinery, and together all of his publicly traded companies make up a quarter of the market capitalization of the Nigerian Stock Exchange.

Aliko Dangote turned a local commodities trading businesses into a multibillion-dollar corporation.Here's how he did it

See Also: Dangote Phone Number

Dangote Early Life

Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on the 10th of April 1957 into a wealthy Muslim family, the son of Mohammed Dangote and Mariya Sanusi Dantata.

He is the great-grandson of Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955. Dangote has said:

"I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time."

Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano.He has a bachelor's degree in business studies and administration from Al- Azhar University , Cairo .

See Also: Top 10 Hausa rapper

Which university did Dangote attend?

Aliko Dangote graduate from Al-Azhar University , Cairo

How old is Dangote?

Aliko Dangote was born (10 April 1957) 62 years

Dangote Net Worth

Dangote's net worth of $14.8 billion could buy 12.0 million troy ounces of gold; 279 million barrels of crude oil; and its equivalent to 1,240 per cent of the total wealth of the 500 richest people in the world

Aliko Dangote Phone Number

Phone Number: +234 1 448 0815 & 16

Email: enquiries.nigeria@dangotecement.com