{"id":23436,"date":"2021-12-04T09:47:34","date_gmt":"2021-12-04T15:47:34","guid":{"rendered":"https:\/\/myboysay.com\/blog\/?p=23436"},"modified":"2021-12-04T09:47:34","modified_gmt":"2021-12-04T15:47:34","slug":"nigerias-dangote-tops-list-of-african-billionaires-at-20billion-plus-with-projections-to-exceed-100billion-plus-once-his-oil-refinery-the-largest-in-africa-is-at-full-production-lev","status":"publish","type":"post","link":"https:\/\/myboysay.com\/blog\/?p=23436","title":{"rendered":"Nigeria’s Dangote Tops List of African Billionaires at “20BILLION PLUS”, WITH PROJECTIONS TO EXCEED “100BILLION PLUS”, ONCE HIS OIL REFINERY, “THE LARGEST IN AFRICA”, IS AT FULL PRODUCTION LEVEL."},"content":{"rendered":"

Nigerian Tycoon Aliko Dangote’s Wealth Reportedly ‘Surges’ Its Highest Since 2014<\/h1>\n

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Aliko Dangote, the prolific Nigerian<\/a> businessman, is ranked as the richest Black man in the world.<\/a> While being birthed into a wealthy family, Dangote<\/a> has accumulated his own wealth<\/a> by becoming the largest exporter of crude oil in Africa and his investments in cement, flour and sugar. Now, Dangote\u2019s wealth has reportedly surged.<\/strong><\/p>\n

Bloomberg reports<\/a> that the tycoon\u2019s wealth is heading to close out 2021 with a bang.<\/strong><\/p>\n

\u201cThe rising share price of his Dangote Cement Plc and higher oil and fertilizer prices helped boost the 64-year-old Nigerian businessman\u2019s wealth by as much as $2.3 billion this year to $20.1 billion as of Dec. 3, the richest he has been since 2014,\u201d the outlet reported.<\/strong><\/p>\n<\/div>\n

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Aliko Dangote’s Wealth Surge<\/strong><\/h3>\n
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As the founder and owner of 85 percent<\/a> of Dangote Cement Plc\u00a0through a holding company, the company leads as his main asset behind his wealth. The\u00a0cement demand and rising prices of the construction material in Africa\u2019s biggest economy has boosted Dangote Cement\u2019s revenue.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Aliko Dangote’s Wealth Flow<\/strong><\/h3>\n
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According to the outlet, Dangote is set to \u201ccomplete a $19 billion refinery that has the capacity to more than meet Nigeria\u2019s fuel demand, which is currently met by imports.\u201d<\/strong><\/p>\n

In 2021, Dangote also started exporting fertilizer to the U.S. and Brazil. The new plant is designed to manufacture 3 million tonnes of urea per year, as well as supply all the major markets in sub-Saharan Africa, according to Reuters.<\/a> Its first shipment went to Louisiana and the majority of the exports are expected to go to Brazil.<\/strong><\/p>\n

\u201cApart from meeting the domestic demand, we are going to be able to earn quite a lot of money exporting the goods to the South American countries,\u201d Dangote told a virtual economic forum hosted by Qatar.<\/strong><\/p>\n

Earlier in 2021, the Nigerian billionaire<\/a> added $2.76 billion to his net worth.<\/strong><\/p>\n

As previously reported<\/a> by AfroTech, Dangote made headlines after the Nigerian cabinet approved its state oil firm, NNPC, to buy a 20 percent share of Aliko Dangote\u2019s oil refinery.<\/strong><\/p>\n

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Richest African Man\u2019s Wealth Surges to Highest in Seven Years<\/strong><\/h1>\n
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Aliko Dangote<\/a>, the richest man in Africa, is on track to close the year at the richest level he has ever been since 2014 buoyed by the second straight year of gains at his cement unit.<\/strong><\/p>\n<\/div>\n<\/div>\n

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The rising share price of his Dangote Cement Plc<\/a> and higher oil and fertilizer prices helped boost the 64-year-old Nigerian businessman\u2019s wealth by as much as $2.3 billion this year to $20.1 billion as of Dec. 3, the richest he has been since 2014 according to the Bloomberg Bilionaires Index<\/a>. The highest his wealth has touched on the index was $26.7 billion in June 2014.<\/strong><\/p>\n

Robust cement demand and rising prices of the construction material in Africa\u2019s biggest economy have helped boost revenue at Dangote Cement, the tycoon\u2019s main asset. Dangote is also poised to complete a $19 billion refinery that has the capacity to more than meet Nigeria\u2019s fuel demand, which is currently met by imports.\u00a0<\/strong><\/p>\n

Dangote, this year, also started exporting fertilizer to the U.S. and Brazil after the completion of a plant with a capacity to produce 3 million tons of urea and ammonia annually. <\/strong><\/p>\n

Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21. He shifted to manufacturing the building material in the 1990s, helped by government policies that encouraged ways to reduce the need for imports.\u00a0<\/strong><\/p>\n

Critics accuse him of taking advantage of his closeness to the government to gain an unfair market advantage, a claim he has repeatedly dismissed. Nigeria\u2019s state oil firm in June announced plans to acquire a 20% stake in the Dangote refinery.\u00a0<\/strong><\/p>\n

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Dangote ranks 117th on Bloomberg Global Billionaires Index<\/strong><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n
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THE latest Bloomberg Global Billionaires Index has ranked the President of Dangote Group, Aliko Dangote, at number 117th.<\/strong><\/p>\n

The index is a daily ranking of the world\u2019s richest people. Details about the calculations are provided in the net worth analysis on each billionaire\u2019s profile page.<\/strong><\/p>\n

In the index, which usually has its figures updated at the close of every trading day in New York, Dangote was on Tuesday said to have a net worth of $17.8bn.<\/strong><\/p>\n

On top of the index is Tesla\u2019s Elon Musk with a net worth of $194bn,\u00a0 closely followed by Amazon\u2019s Jeff Bezos who is also worth $194bn.<\/strong><\/p>\n

At $174bn, Bernard Arnault ranked third. The position was recently held by Microsoft boss, Bill Gates, who lost it after some stock transfers to his ex-wife after their divorce was concluded days ago.<\/strong><\/p>\n

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Aliko Dangote<\/strong><\/h1>\n
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Aliko Dangote<\/strong><\/div>\n
GCON<\/a><\/strong><\/div>\n<\/th>\n<\/tr>\n
\"Aliko<\/a><\/strong><\/p>\n
Dangote at the World Economic Forum<\/a> 2011<\/strong><\/div>\n<\/td>\n<\/tr>\n
Born<\/strong><\/th>\n10 April 1957 (age\u00a064)<\/span><\/strong><\/p>\n
Kano<\/a>, Nigeria<\/strong><\/div>\n<\/td>\n<\/tr>\n
Education<\/strong><\/th>\nGovernment College, Birnin Kudu<\/a><\/strong><\/td>\n<\/tr>\n
Alma\u00a0mater<\/strong><\/th>\nAl-Azhar University<\/a><\/strong><\/td>\n<\/tr>\n
Occupation<\/strong><\/th>\nIndustrialist<\/strong><\/td>\n<\/tr>\n
Years\u00a0active<\/strong><\/th>\n1977\u2013present<\/strong><\/td>\n<\/tr>\n
Known\u00a0for<\/strong><\/th>\nFounder and CEO, Dangote Group<\/a><\/strong><\/td>\n<\/tr>\n
Children<\/strong><\/th>\n4[1]<\/a><\/sup><\/strong><\/td>\n<\/tr>\n
Relatives<\/strong><\/th>\nSani Dangote<\/a> (brother)<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Aliko Dangote GCON<\/a> (born 10 April 1957) is a Nigerian business magnate<\/a>. He is the chairman and CEO of Dangote Group<\/a>, an industrial conglomerate and the wealthiest person in Africa<\/a>, with an estimated net worth of US$12.7 billion as of September 2021.<\/strong><\/p>\n

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Africa\u2019s richest man to co-chair US-Africa business center by U.S. Chamber of Commerce<\/h1>\n
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Aliko Dangote<\/strong><\/p>\n

The US Chamber of Commerce has named Aliko Dangote, Africa\u2019s most successful businessman, as the co-chair of its US-Africa Business Center.<\/strong>Dangote will serve alongside Jay Ireland, president and CEO of GE Africa, as a leader for the US-Africa Business Center Board of Directors.<\/strong>\u201cWe are honored to have Aliko Dangote on board to help guide the business communities\u2019 efforts in pursuit of a new era of unprecedented growth between the United States and Africa,\u201d said Scott Eisner, president of the U.S.-Africa Business Center. \u201cThe future of job creation lies in the hearts and minds of business leaders and their enterprises across Africa. We are fortunate to have an opportunity to tap into the expertise of Dangote and our board to ensure that U.S. companies have strong partners across Africa and can provide access to African companies interested in the U.S. market.\u201d<\/strong>One of Africa\u2019s leading industrialists, Dangote is a member of several national and foreign organisations where he devotes his resources to contribute to the growth and development of African society. In October 2013, he was named by Forbes as the Most Powerful Man in Africa.<\/strong>\u201cTaking on this role with the U.S. Chamber sends a clear message across Africa:\u00a0 American companies no longer see Africa as a stepping stone to global trade, but rather, as the future of trade,\u201d said Dangote. \u201cAfrica has emerged as one of the most promising growth regions in the world thanks to its vast array of industries, natural resources, and services. Continued and sustainable growth lies in the ability to improve regional integration, which will, in turn, help create a business environment that is more attractive to international investors.<\/strong>\u201cI believe strongly in Africa\u2019s potential, and we are proud that the U.S.-Africa Business Center will serve as the apex organization to promote trade and investment between the United States and the vibrant economies across the continent,\u201d added Dangote.<\/strong>The US Chamber of Commerce is the world\u2019s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.<\/strong>____________________________________________________________________________<\/p>\n
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Businessman & Philanthropist Aliko Dangote to Accept 2016 AAI African Business Leader Award<\/h1>\n<\/div>\n<\/div>\n
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\"AlikoThe Africa-America Institute is proud\u00a0to announce that its 2016 Annual\u00a0Awards Gala will present the AAI African Business Leader Award\u00a0<\/em>to\u00a0Aliko Dangote, President and Chief Executive of the Dangote Group.<\/strong><\/p>\n

The AAI 2016 Annual Awards Gala will be held on Tuesday, September 20, at Cipriani 25 Broadway in New York City.<\/strong><\/p>\n

Dangote will receive the award for his role in championing African entrepreneurship, greater business and investment in Africa through his company\u2019s global brand and his commitment to expanding regional integration on the continent.<\/strong><\/p>\n

Dangote founded Dangote Group over 30 years ago and has turned his enterprise into the largest business conglomerate in West Africa, with a market capitalization of $15 billion. The Dangote Group invests in 18 African countries, creating jobs and economic value across the continent in a range of industries.<\/strong><\/p>\n

As Africa\u2019s foremost industrialist, Dangote is a member of leading Nigerian and international organizations, where he devotes his resources to contribute to Africa\u2019s growth and development.<\/strong><\/p>\n

The Dangote Foundation, which is\u00a0the\u00a0largest foundation in Africa with an endowment of $1.25 billion. Locally focused, but globally minded, the Dangote Foundation is at the forefront of improving the nutrition, health and education of Nigerians.<\/strong><\/p>\n

Dangote has a strong commitment\u00a0to strengthening the\u00a0education sector on the African continent. He serves as a\u00a0member of the United Nations Secretary-General\u2019s Global Education First Initiative steering committee and is a\u00a0founding member of the Gordon Brown-led Global Business Coalition for Education.<\/strong><\/p>\n

He is passionate about lifting the most vulnerable people out of poverty through economic empowerment. The Foundation is a leading contributor to the \u2018Saving One Million Lives\u2019 every year in Nigeria initiative. It\u00a0was also at the vanguard of containing the spread of Ebola in Nigeria and other parts of Africa, where it was the largest private contributor to the African Union Ebola Trust Fund with a donation of $3 million.<\/strong><\/p>\n

Dangote sits on the Board of the Corporate Council on Africa\u00a0and\u00a0is a member of the Clinton Global Initiative and the World Economic Forum.<\/strong><\/p>\n

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About Dangote Industries Limited<\/h1>\n

Dangote Group continues to grow its vision of becoming the leading provider of essential daily needs in Sub-Saharan Africa.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Our Mission & Vision<\/h2>\n

Nurturing a Vision<\/h1>\n

Dangote Group continues to grow its vision of becoming the leading provider of essential needs in Food and Shelter in Sub-Saharan Africa. We continue to sustain and improve on our market leadership in Cement Manufacturing, Sugar Milling, Sugar Refining, Port Operations, Packaging Material Production and Salt Refining. In line with our philosophy, we will continue to provide the basic needs of Nigerians.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Aliko Dangote, GCON<\/h1>\n

Group President & Chief Executive<\/h2>\n
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Aliko Dangote is the founder and president\/chief executive of the Dangote Group, the largest conglomerate in West Africa. The Group currently has a presence in 17 African countries and is a market leader in cement on the continent. One of the Group’s subsidiaries, Dangote Cement Plc, is the largest listed company in West Africa and the first Nigerian company to join the Forbes Global 2000 Companies list.<\/p>\n

Read More<\/span><\/i><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Executive Leadership<\/h1>\n
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Our senior executives bring tremendous experience, visionary thinking and a shared commitment to excellence, creativity, and innovation to the day to day operation of the company.<\/p>\n<\/div>\n<\/div>\n

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Aliko Dangote, GCON<\/h2>\n

President & Chief Executive<\/h3>\n<\/div>\n
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Sani Dangote<\/h2>\n

Group Vice President<\/h3>\n<\/div>\n
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Halima Aliko-Dangote<\/h2>\n

Group Executive Director, Commercial Operations<\/h3>\n<\/div>\n
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Abdu Dantata<\/h2>\n

Group Executive Director, Logistics and Distribution<\/h3>\n<\/div>\n
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Olakunle Alake<\/h2>\n

Group Managing Director, Dangote Industries Limited<\/h3>\n<\/div>\n
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Devakumar V. G. Edwin<\/h2>\n

Group Executive Director, Strategy, Portfolio Development & Capital Projects<\/h3>\n<\/div>\n
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Mansur Ahmed<\/h2>\n

Group Executive Director, Government & Strategic Relations<\/h3>\n<\/div>\n
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Sada Ladan Baki<\/h2>\n

Group Executive Director, International Trade\/Exports<\/h3>\n<\/div>\n
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Dr. Adenike Fajemirokun<\/h2>\n

Group Executive Director, Office of the President\/Group Chief Risk Officer<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n
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HISTORY & STRATEGY<\/h1>\n<\/div>\n<\/div>\n
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Dangote Industries Limited is a diversified and fully integrated conglomerate with an annual group turnover in excess of US$4 billion (2016) with vibrant operations in Nigeria and Africa across a wide range of sectors including cement, sugar, salt, condiments, packaging, energy, port operations, fertilizer, and petrochemicals. Our core business focus is to provide local, value-added products and services that meet the \u2018basic needs\u2019 of the populace through the construction and operation of large scale manufacturing facilities in Nigeria and across Africa. We are focused on building local manufacturing capacity to generate employment, reduce capital flight and increase local value addition.<\/p>\n<\/div>\n

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The Dangote Group corporate strategy has evolved as its businesses have grown, matured, and diversified into new sectors and regions over the last four decades. Starting out as a bulk commodity trading concern in the 1970s encouraged by the liberalized commodity import regime of the then Government of Nigeria, by the late 1990s our strategy had transformed to a focus on manufacturing for import substitution. The early 2000s saw the Group\u2019s approach further adjust to strategic asset acquisition in line with the then Government\u2019s privatization policies. This set the stage for the next phase in our strategic plan for the next decade; expansion and backward integration.<\/p>\n<\/div>\n<\/div>\n

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IN PURSUIT OF SELF-RELIANCE<\/h2>\n

Dangote Industries Limited is striving for self-reliance in Nigeria in all the sectors where it operates and has drawn up ambitious plans to set up world-class projects in new realms such as Agriculture, Petroleum Refinery & Petrochemicals, fertilizer, and Telecom. The Group has almost single-handedly taken Nigeria to self-sufficiency in cement and is expanding rapidly across Africa, helping other countries achieve the same.<\/p>\n<\/div>\n

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COMPANY<\/h1>\n

About Us<\/a><\/p>\n

Our Businesses<\/a><\/p>\n

Investor Relations<\/a><\/p>\n

Aliko Dangote Foundation<\/a><\/p>\n

Career Opportunities<\/a><\/p>\n

Contact Us<\/a><\/p>\n<\/div>\n

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BUSINESSES<\/h1>\n

Cement Manufacturing<\/a><\/p>\n

Sugar Refining<\/a><\/p>\n

Salt Refining & Seasonings<\/p>\n

Dangote Fertilizer<\/p>\n

Dangote Oil Refinery<\/p>\n

View all Businesses<\/a><\/p>\n<\/div>\n

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GENERAL INQUIRIES<\/h1>\n

Call : +234 1 448 0815 +234 1 448 0816<\/p>\n

Fax : +234 1 463 0316 +234 1 271 2231<\/p>\n

Email: communications@dangote.com<\/p>\n

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NEWSLETTER<\/h1>\n

Join our weekly mailing list<\/p>\n

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