Do you what the net worth of Aliko Dangote is? How rich is this #1 Nigerian billionaire? Find out more from this article.
Aliko Dangote is a person whose assets drew much attention, as his wealth is constantly growing. He is not only the richest man in Nigeria but tops the list of the wealthiest people in Africa, according to the Forbes investigation.
As they state, he was number 67 among the World’s biggest billionaires. However, by the beginning of 2016, he made to the number 51. Moreover, Aliko Dangote made his fortune and became of the seventy most influential people of the world.
If you wonder how much he really has, then prepare yourself to hear this number: Aliko Dangote’s net worth is roughly $12.8 billion US dollars. These figures were posted by the Forbes journalists on September 28, 2016.
Aliko Dangote is fifty-nine years old. He is happily married and is a father to three children. Aliko Dangote lives in Nigeria, Lagos. He made his fortune by selling cement, sugar, and flour. He founded a massive plant that is now present in fifteen African countries. The name of the plant is Dangote cement. The scale of its sales is astonishing: they make at least twenty-five million metric tons of cement every year and has the plan to increase the production to sixty tons within the next two years.
Aliko Dangote owns almost ninety percent of all companies stocks, so the authorities want to cut his stake. According to the legislation that is currently in force in Nigeria, an owner cannot hold more than eighty percent of the total amount of stocks. Therefore, there will be measures taken to reduce Aliko Dangote percentage of shares ownership.
Apart from being a successful cement producer in Africa, Aliko Dangote also owes his fortune to the production of agricultural goods like sugar and flour. Unfortunately, we do not have precise numbers for this part of Aliko Dangote’s assets, but this business is growing which means he is making good money here.
So meet Aliko Dangote, Africa’s wealthiest man and one of fifty African billionaires you should be aware of.
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