#334 Aliko Dangote
03.05.08, 6:00 PM ET
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 Pius Utomi Ekpei/AFP/Getty Images |
Fortune: inherited and growing
Source: sugar, flour, cement manufacturing
Net Worth: $3.3 bil
Country Of Citizenship:Nigeria
Residence: Lagos , Nigeria,Middle East & Africa
Industry: Diversified
Marital Status: NA,
Education: NA
Nigeria's first billionaire hit the jackpot when his sugar-production company listed on the Nigerian stock exchange last year. Meanwhile, proposed initial public offerings of his flour and cement companies have stalled. Began career as trader at 21 with loan from his uncle; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, haulage and oil and gas. Closely linked to Nigeria's former president Olusegun Obasanjo.
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Distribution of Billionaires by Residence
Diameter of disc reflects size of fortune. The red disc indicates Aliko Dangote
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| For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 11, 2008. | |
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Reader Comments
Posted by beenthereseenit | 08/02/10 09:56 AM EDT
There is no way Dangote could have gotten to where he is without corruption. He is an habitual debtor and fraudster that has caused many suppliers and small businesses around him into bankruptcy. I h [More]
Posted by twoeoilandgas | 08/20/09 10:30 AM EDT
Truly am am not surprised that he is in this league of distinguished gentlemen.He has actually worked hard and earned it. A dynamic business man ready to venture to every sector of the economy. Kud[More]
Posted by bigorangebolt | 02/20/09 08:47 PM EST
I used to work many years ago for Sony Abachi. I almost met this distinguised man once in Nigeria. I am a successfull business man, now in Atlanta. I am really glad for Aliko. All the best, Craig
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