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Aliko Dangote is a Nigerian billionaire business magnate. He is the founder of Dangote Group, the largest industrial conglomerate in West Africa.

According to Bloomberg Billionaires Index, Dangote’s net worth is estimated at $18.6 billion as of 12 October 2022, making him the richest person in Africa, richest black person, and the 65th richest person in the world.

Dangote was born in Kano, Kano State into a wealthy Hausa Muslim family. His mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata. Aliko Dangote’s father, Mohammed Dangote, was a business associate of Sanusi Danta. Through his mother, Dangoteis the great-grandson of Alhassan Dantata, the richest West African at the time of his death in Nineteen fifty five.

Dangote started his formal education at the Sheikh Ali Kumahsih Madrasah, thereafter, he attended Capital High School, Kano. In nineteen seventy eight, he graduated from Government College, Birnin Kuhduh, and eventually proceeded to Al-Azhar University Cairo, where he obtained bachelor’s degree in business studies and administration.

Dangote Group was established as a small trading firm in nineteen seventy seven, the same year Dangote relocated to Lagos to expand the company. Dangote received a $500,000 loan from his uncle to begin trading in commodities including bagged cement as well as agricultural goods like rice and sugar. In the nineteen ninety’s he approached the Central Bank of Nigeria with the idea that it would be cheaper for the bank to allow his transport company to manage their fleet of staff buses, a proposal that was also approved.

Today, the Dangote Group is one of the largest conglomerates in Africa, with international operations in Benin, Ghana, Zambia and Togo. The Dangote Group has moved from being a trading company to be the largest industrial group in Nigeria, encompassing divisions like Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.

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