Tag Archives: Aliko

Aliko Dangote, the world’s richest Black billionaire and founder of Dangote Group, has played a crucial role in shaping Africa’s business landscape and positioning Nigeria as one of the most industrialized countries on the continent. With diverse interests spanning various sectors in Nigeria and across Africa, Dangote’s expansive businesses under …

Billionaires often accumulate and increase their wealth by founding and owning stakes in multiple companies. This is because owning multiple businesses provides a consistent source of income and the potential for a sustained increase in profits and valuation. By diversifying their investments across multiple companies, billionaires can reduce their exposure …

Dangote Industries Limited, a multinational manufacturing group owned by Africa’s richest man Aliko Dangote, has announced that the Dangote Oil Refinery, a $19-billion integrated petrochemical refinery complex, is 97-percent complete. In a recent update on the ongoing construction work at the multibillion-dollar petrochemical complex in Lagos’s Lekki Free Zone, the …

Nigerian billionaire and leading industrialist Aliko Dangote has seen his net worth fall by $700 million since the start of July as a result of the double whammy of stock sell-offs on the Nigerian Exchange and the recent naira depreciation on the country’s official foreign exchange window. According to the …

Africa’s richest man Aliko Dangote has now become the 70th richest man in the world after surpassing U.S. billionaires Dan Gilbert, Abigail Johnson and Thomas Frist, whose net worth has declined by more than $3 billion since the year began. The Nigerian billionaire and chairman of Dangote Group, Africa’s most …

Nigeria’s Aliko Dangote is the world’s number one Black billionaire today and there is a rich history to back the long line of rich people he hailed from. But, not all billionaires known of are from the 21st century. In fact, since the 14th century, some very hardworking and daring …

Africa’s richest man, Aliko Dangote’s great grandfather, Alhassan Dantata, was a trader from Northern Nigeria who traded mainly in kola nuts and groundnuts. His distribution pool extended far into Europe and at the time of his death, he was the richest man in West Africa. But what exactly was the …

African billionaire businessman Aliko Dangote has seen his net worth fall by more than $500 million in the past 27 days, as shares of his flagship company, Dangote Cement Plc, dropped by a single-digit percent on the Nigerian Exchange. Dangote, the continent’s wealthiest man who has retained his position for …