Aliko Dangote
Company: The Dangote Group
Position: Chairman, President
Industry: Manufacturing
Country: Nigeria
Aliko Dangote, is the richest black person in the world, Nigeria's first billionaire and richest person with an estimated net worth of $13.8 billion dollars (March 2011). Forbes magazine ranks him as the 53th richest person in the world.
Mr. Dangote is the founder of the Dangote Group, which has operations in Nigeria and several other countries in West Africa.
Mr. Dangote began his career as trader at 21 with a loan from his uncle; He went on to built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, haulage and oil and gas.
The Dangote Group dominates the sugar market in Nigeria, as he is the major sugar supplier to the country's soft drink companies, breweries, and confectioners. Dangote Group has moved from being a trading company to Nigeria's largest Industrial group, including Dangote Sugar Refinery (the most capitalized company on the Nigeria Stock Exchange, valued at over $3 billion with Aliko Dangote's equity topping $2 billion), Africa's largest Cement Production Plant: Obajana Cement, Dangote Flour amongst others.
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