Aliko Dangote is now part of world’s richest 100 people.


When Burnaboy said ‘Dangote still dey find money,’ he wasn’t blabbing, he was hailing the relentless energy of Africa’s richest man and business mogul. The 62 year-old industrialist who majors in cement, flour and sugar manufacturing with a stronghold across sub Saharan countries just hinged himself $4.3 billion in 2019 bringing his net worth to a whopping $15 billion at the end of the decade; and according to Bloomberg’s Billionaire index, he is now the 96th richest man in the world.

Dangote didn’t just stumble on wealth, he was raised in a prominent wealthy family whose tentacles have spread across several forms of trade for decades now. He began selling cement at age 21 before he started manufacturing building materials in the 90s. His family name and relationship with government gives him an unfair advantage which he never admits to, enabling him to control monopoly in the most profitable sectors. In the coming months, he will launch his oil refinery, the largest in Africa yet, as well as a fertilizer factory which he hopes will bolster agriculture and help local farmers.

Richard Ogundiya

Journalist & Techpreneur. Africa, communications and data.

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