Aliko Dangote is a prominent businessman & entrepreneur hailing from Nigeria. Mr. Dangote is considered the wealthiest person in Africa with an estimated real time net worth of $14.1 Billion as of 1/23/18 according to Forbes. His fortune is not sourced from just a single business but various enterprises that Dangote created as a business magnate.
Aliko Dangote is the formed and heads Dangote Group,a multi-trillion Naira company with operations in Nigeria, Benin, Togo, and Ghana. Dangote Group is the leading industrial conglomerate in entire West Africa as it specializes in cement manufacture, real estate, oil & gas, freight, food stuffs, and textile.
It's the dominant sugar producer in Nigeria and the biggest sugar supplier to the nation’s soft drink companies, confectioners, and brewery plants. Owing to its monopolistic success in Nigeria, Dangote Group is a major contributing player to Nigeria's economy as it has created over 11,000 jobs for the Nigerian citizens. This has contributed much to the Aliko Dangote networth 2017 figure.
Aliko Dangote’s Background in Business
Aliko Dangote comes from a renown family and is grandson of Sanusi Dantata, a successful and authoritative figure of Kano City. Sanusi was a great role model for his grandson, and he contributed to making Aliko the man he is today.
From just a tender age, Mr. Dangote showed his interest in doing business when he would buy sugar boxes then resale them for money. Afterwards, Dangote pursued a business course at the Al-Azhar University in Cairo, Egypt. After graduation, he moved, back to Nigeria where he was granted a ₦500,000 loan by his uncle to start a business, and it is when he founded Dangote Group.
Aliko Dangote Philanthropy
Given Aliko Dangote net worth, one expects him to be a self-centered individual; however, this is not true. Mr. Dangote is a benevolent man who uses his wealth to help the needy in the society. For instance, during the Ebola season break, he donated a sum of $1million to assist in curbing the spread of the disease. In addition, Aliko also gave out $1.2 billion to boost the living standards of his countrymen as well as to support education for next generation of leaders.
How Much is Aliko Dangote Net Worth?
In 2017, Forbes Magazine enlisted Aliko Dangote’s net worth to be approximately US $12.5 billion. According to Aliko Dangote net worth Forbes report, he tops the list for the richest person in Nigerian and ranks 67th in the world.
Aliko Dangote Net Worth and Assets
The Net worth of Aliko Dangote allows him to be extravagant and to own numerous luxurious properties as well as cars, yacht, houses and private jets.
1. Aliko Dangote Cars
Wealthy people are known to love big machines, and Aliko Dangote is no different. He has several luxurious cars to match his status. These include several well-known brands like;
BentleyMaybachMercedesBugatti
2. Aliko Dangote Houses
Recently, we got to see the mansion where Aliko has lived in for nearly 12 years with his family. This villa situated in the Northern part of Abuja was televised in a Nigerian television network. The house is beautiful with impressive interior designs fit for a palace. Moreover, it is also stylishly furnished with various priceless items and artwork. However, presently, the maisonette is up for sale as the tycoon wishes to purchase another residence in the unlighted Kingdom.
3. Aliko Dangote’s Yacht
In 2013, Mr. Dangote became the owner of an enormous yacht characterized by several modern technologies and amenities. In one of the interviews, Aliko expressed that he loved to spend his free time on the water and we guess that this is what prompted him to buy this expensive yacht. The Yacht must have cost the billionaire a few million.
4. Aliko Dangote’s Private Jet
Wealthy people buy themselves costly gifts, and Aliko recently purchased a private jet worth $45 million as a birthday present. Given that Aliko owns numerous businesses across Africa, a private plane is a useful asset as he can travel from one country to the next in case of urgent corporate needs or meetings.
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