How did Dangote start his business
At the age of 21, Aliko Dangote borrowed $3,000 from his uncle to import and sell agricultural commodities in Nigeria, his country. His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.
For the seventh in a row, Dangote was the richest man in Africa in 2018, with an estimated net worth of $14.1 billion. The business empire he began to build more than three decades ago, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.
Dangote’s business interests encompass many industries, including oil and gas, consumer goods and manufacturing. About 80% of his conglomerate’s revenue comes from Dangote Cement. According to Forbes magazine, the subsidiary produces 44 million metric tons of cement every year and plans to increase output by 33% by 2020.
Dangote also owns the world’s third- largest sugar refinery, and together all of his publicly traded companies make up a quarter of the market capitalization of the Nigerian Stock Exchange.
Aliko Dangote turned a local commodities trading businesses into a multibillion-dollar corporation.Here’s how he did it
See Also: Dangote Phone Number
Dangote Early Life
Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on the 10th of April 1957 into a wealthy Muslim family, the son of Mohammed Dangote and Mariya Sanusi Dantata.
He is the great-grandson of Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955. Dangote has said:
Dangote was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano.He has a bachelor’s degree in business studies and administration from Al- Azhar University , Cairo .
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Which university did Dangote attend?
Aliko Dangote graduate from Al-Azhar University , Cairo
How old is Dangote?
Aliko Dangote was born (10 April 1957) 62 years
Dangote Net Worth
Dangote’s net worth of $14.8 billion could buy 12.0 million troy ounces of gold; 279 million barrels of crude oil; and its equivalent to 1,240 per cent of the total wealth of the 500 richest people in the world
Aliko Dangote Phone Number
Phone Number: +234 1 448 0815 & 16