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Heralded by some as the face of the new Nigeria, Aliko Dangote, Africa’s richest man, is looking beyond cement, sugar and flour — the three commodities that built his fortune — to the oil business. In April 2014 he announced $9 billion in financing from a consortium of local and international lenders to construct a private oil refinery and fertilizer and petrochemical complex in the country. In August he said he would invest $1 billion in commercial rice farming and modern rice mills. His publicly traded Dangote Cement is also grabbing new markets in Africa, with $750 million in new plants planned for Kenya and Niger. He made his first fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle.
By Forbes.com
Aliko Dangote on Forbes Lists
- #1 Africa’s 50 Richest
- #1 in 2013
- Net Worth
- $21.6 Billion
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- CEO, Dangote Group
- Age 57
- as of November 2014
- Source Of Wealth
- cement, sugar, flour, Self Made
- Education Bachelor of Arts / Science, Al-Azhar Universi
- #68 Powerful People
- #23 Billionaires
- #1 in Nigeria
