Aliko Dangote Net Worth: Investments & Charity

Aliko Dangote
Aliko Dangote (Source: CNBC)

A global business owner, philanthropist, and Africa’s richest man, Aliko Dangote’s net worth is $ 16 billion.

He is the founder and chairman of Dangote Cement, Africa’s biggest cement producer.

Further, Dangote owns the third-largest sugar refinery in the world. Also, his Lagos oil refinery is the largest industrial project in the history of Africa.

On Forbes list, the global businessman stands in the first position for Africa’s Billionaires 2022. Additionally, Dangote ranked in the 191st position on the World’s Billionaires 2021.

Aliko Dangote
Aliko Dangote (Source: The World Economic Forum)

Similarly, Dangote was in the 66th position in the 2018 list of the World’s Powerful People. Richtopia even listed the businessman as the 6th most charitable individual globally.

The Nigerian businessman is one of the members of Clinton Health Access Initiatives and the Corporate Council on Africa’s board of directors.

Aliko Dangote | Quick Facts

Full Name Alhaji Aliko Dangote
Net Worth $16 Billion
Birth Date April 10, 1957
Birth Place Kano, Nigeria
Nick Name King of Cement
Religion Hausa Muslim
Nationality Nigerian
Education Al Azhar University, Government College, Birnin Kudu
Horoscope Aries
Father’s Name Mohammed Dangote
Mother’s Name Mariya Sanusi Dantata
Siblings Sani Dangote
Age 65 Years Old
Height 1.67 m
Weight 69 kg
Sexual Orientation Straight
Marital Status  Unmarried (Divorced twice)
Years Active 1957- present
Children Mariya, Halima, Fatimah (Daughters)

Abdulrahman Fasasi (Adopted Son)

Profession Industrialist
Awards
  • The Grand Commander of the Order of the Niger (GCON), Nigeria’s second-highest honor
  • The Guardian Man of the Year 2015
  • 2016 African Business Leader Award
Social Media InstagramTwitter
Last Update  June 2022

Aliko Dangote | Net Worth and Income

For the eleventh year in a row, Aliko Dangote has been the richest person in Africa.

He is the CEO of Dangote Group, one of the most valuable conglomerates in West Africa.

Also, the business tycoon owns 85 percent shares of Dangote Cement. Its subsidiary operates in 10 African countries and produces 45.6 million metric tons of cement every year.

As per the quarterly report of 2021, Dangote Cement groups revenue was approximately $808.5 million.

Similarly, Dangote is the owner of the world’s third-largest sugar refinery in the world. This refinery produces 800,000 tons of sugar annually.

He also owns another refinery that produces sixty thousand barrels per year. Dangote Group also makes three million tons of urea and ammonia fertilizer.

Further, his business is involved in selling agricultural products, including rice. The successful businessman is also the owner of the gas pipeline in Nigeria.

As of June 2022, Aliko Dangote’s net worth is an astonishing $16 billion.

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Aliko Dangote Net Worth in Different Currencies

Let’s look into Aliko Dangote’s net worth in different currencies, including BitCoin.

Currency Net Worth
Euro € 14,138,648,000
Pound Sterling £ 11,824,880,000
Australian Dollar A$ 22,520,144,000
Canadian Dollar C$ 20,393,760,000
Indian Rupee ₹ 1,210,680,000,000
Nigerian Naira ₦ 6,652,320,000,000
BitCoin ฿ 366,987.36

Aliko Dangote | Houses, Cars, Aircraft, and Yacht

Houses

The richest man in Africa, Aliko Dangote’s net worth as of June 2022 is a staggering $16 billion.

Aliko Dangote lives in a $30 million mansion in Abuja, the federal capital territory of Nigeria. He has been living here for more than 12 years.

Before this, the businessman owned two homes in Atlanta, but he felt it was trouble to maintain them.

Also, Dangote claims all his houses are in Nigeria, none abroad.

Cars

It is no surprise that Dangote’s cars collection includes the most expensive cars world.

His collection of rides includes Bentley Mulsanne worth $310,000, Maybach 57S Knight Luxury worth a whopping $1 million, Bugatti Veyron worth $2 million, and Mercedes-Benz CL 65 AMG worth $2.2 million.

Aircrafts

Dangote owns two luxurious private jets. Reportedly, he purchased Bombardier’s Global Express XRS for $50 million.

Aliko-Dangote-private-jet
Aliko Dangote In His Private Jet (Source: entmediahub.com.ng)

Dangote’s jet has amazing features and is capable of taking flights non-stop. For example, it can fly from Nigeria to India without having to refuel.

Similarly, in 2013, Aliko purchased $43 million worth of customized luxurious yacht and named it Mariya.

Dangote-Yacht
A glimpse of Aliko Dangote’s Luxurious Yacht (Source: shipsandports.com)

This expensive yacht includes a dining area, a private bedroom, a beautiful bathroom, leisure, and a reading area.

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Aliko Dangote | Lifestyle and Vacations

Lifestyle

Africa’s richest man Aliko Dangote’s net worth is a massive $16 billion. Nonetheless, he keeps his personal life out of the spotlight.

As for his marriage, he has been married twice and divorced twice. Similarly, Dangote was rumored to be engaged to the ex-beauty queen of Nigeria, Sylvia Nduka.

Besides, the business tycoon knows to live a luxurious life. For his 53rd birthday, Aliko got a private jet from Montreal, Canada.

He also owns luxurious houses, jets, yachts, and cars.

On March 24, 2018, Dangote held a lavish wedding reception for his beautiful daughter Fatima and son-in-law. This wedding was the talk of the town and attended by billionaires worldwide, including Bill Gates.

Vacations

For three decades, Aliko worked hard to build up his business empire. Reportedly, now he tries to take a week’s vacation every two weeks.

Further, the business tycoon mentioned that he had traveled the world for business purposes. But now he wants to go around the world with his family, especially to Miami, for relaxation.

Aliko Dangote | Charity

Aliko Dangote is a renowned philanthropist. Also, he owns Aliko Dangote Foundation.

The Dangote Foundation has given millions to improve Nigerians’ nutrition, health, education, and economic empowerment.

Further, Dangote provides an annual fund of $1.25 billion to his foundation, making it the largest private foundation in Africa.

Dangote-and-Bill-Gates
Aliko Dangote and Bill Gates (Source: nairametrics.com)

In addition, in 2016, the foundation partnered with the Bill and Melinda Gates Foundation to contribute $10 million in Africa to eradicate undernutrition.

Also, they are jointly working to eradicate polio in Nigeria by improving primary health care and providing routine immunization across Northern Nigeria.

Further, the Dangote Foundation provides a micro-grant program to 1,000 vulnerable women and youths in Nigeria.

It also helps to rehabilitate and resettle the internally displaced people in the Northeast, Nigeria.

Recently, Dangote donated 2 billion Naira and other materials to the Private Sector Coalition to battle against Covid-19.

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Aliko Dangote | Investment & Books

Investments

Initially, Aliko Dangote invested in the import business. Also, he turned the local commodities trading business into a multibillion-dollar corporation.

Now, the richest man of Nigeria runs a business empire, Dangote Group. It is one of the largest private-sector employers in Nigeria.

Over the years, Aliko has expanded his investments into different business sectors. This business includes telecommunications, real estate, and steel manufacturing.

To illustrate his investments in telecommunications, the Dangote Group has built fourteen thousand kilometers of fiber cables supply to Nigeria.

Aliko Dangote stated in 2017 that he plans to invest $20 billion in the United States and $50 billion in Europe by 2025. Furthermore, this money is going into renewable energy and biochemicals.

Reportedly, Dangote plans to increase his investments in Cameroon. Moreover, he’s also got the approval of President Paul Biya.

The billionaire plans to set up a Cement factory in other locations of Cameron. Also, he plans to diversify his investments in oil and gas.

Additionally, Dangote is working on Lagos’s biggest oil refinery project to increase his cash reserves. It will start operating in 2022-2023.

Furthermore, Dangote mentioned that he always reinvests most of his profits back into his businesses. The rich businessman disclosed that he doesn’t keep his money in the bank rather fully invests whatever he has.

Book Publication

There are several books written on the life of Aliko Dangote. It includes Dangote’s Ten Commandments On Money: Lessons on Making Money From One of the World’s Richest Men by Peter Anosike. It was published on September 9, 2011.

In addition to this, Aliko Mohammad Dangote: The Biography of the Richest Black Person in the World, written by Moshood Ademola Fayemiwo, was published in 2013.

Dangote-Book-Peter-Anosike
A Book About Dangote’s Business Journey (Source: amazon.com)

Similarly, another book on Aliko Dangote is Alhaji Aliko Dangote: The 21 Secrets of Success in Business Drawn From the Legendary Journey of the Richest Black Businessman in the World by Achille Wealth Ph.D.

This book was published on January 27, 2015.

Aliko Dangote | Career

Aliko comes from wealthy family background. After graduating from college, Dangote started his first business with the money lent by his uncle.

His first business was of import of soft commodities. To illustrate, he sold the imported rice and sugar in his village at a lucrative markup.

So, the young entrepreneur was able to pay back his uncle with his profits within three months.

However, in 1997, Dangote left being a middle man and started managing the state-owned cement company.

Aliko-Dangote-Press-Conference
Aliko Dangote is Africa’s CEO Forum (Source: howwemadeitinafrica.com)

Further, in 2005, this visionary businessman expanded the operations of the cement company by constructing a multimillion-dollar manufacturing plant.

Dangote Group’s holding firm is now the largest conglomerate in West Africa.

Also, Dangote is working on the largest oil refinery in Africa, which is projected to start operating in 2022-2023.

3 Facts About Aliko Dangote

Here are some interesting facts about Aliko Dangote:

  • Aliko remains the richest person in Africa, even after giving $1 billion to charity each year.
  • Further, Aliko Dangote’s net worth is greater than the Gross Domestic Product of more than 15 African countries combined.
  • Aliko is richer than the second and third richest persons of Africa combined.

FAQs

How many wives does Aliko Dangote have?

Aliko might be a good businessman, father, and investor but is terrible at keeping his marriage. He is a two-time divorcee.

Was Aliko Dangote born into a rich family?

Yes, Aliko Dangote was born into a wealthy Hausa Muslim family. He is the grandson of the richest West African of 1955.

Does Dangote have a child?

Yes, Dangote has three daughters and an adopted son.

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