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How Did Aliko Dangote Become the Richest Person in Africa?

For the tenth time in a row, Aliko Dangote was

named the richest man in Africa in 2021, with

an estimated net worth of $11.8 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.

At the age of 21, Dangote borrowed $3,000

from his uncle to import and sell agricultural

commodities in Nigeria, his native 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. Ultimately, Dangote was able to

turn a local commodities trading business into a multi billions dollar corporation.

KEY TAKEAWAYS

Aliko Dangote has been the richest

man in Africa for ten years in a row,

with a net worth of almost $12 billion.

Dangote's fortune is primarily built

from his company, Dangote Cement,

although he started his business

empire by selling commodities such

as sugar, salt, and flour.

While he grew up upper-class,

Dangote was entrepreneurial from a

young age and started his first

business with a loan from his uncle.

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Africa Aliko Dangote Dangote Group Nigeria West Africa

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