Aliko Dangote: Diversity in Black Wealth

The Richest Black Man in the World: 
Aliko Dangote

Current 
Net worth: $11.2B

Wealth Rank: 158th Richest Person in the World
Born: 1957
Location: Lagos, Nigeria 

Role: Founder, CEO & Chairman

Role: Founder, CEO & Chairman

of Dangote Group

Dangote was born into a family of successful business men. His great-grandfather was Alhassan Dantata, who was the richest person in West Africa until his death in 1955.

With the help of a $500,000 loan from his uncle, he started Dangote Group, a commodities trading company.

A Family Legacy in Business

Dangote Group may have started as a commodities trader for goods like flour, cement, and sugar, but it quickly expanded into multiple industries including transportation, real estate, cement and fertilizer.  

Dangote Group

Dangote Cement

Dangote Cement is the largest cement producer in Africa and produces 48.6 metric tons of it annually with operations in 10 nations across the continent. 

Dangote  Peugeot
Automobiles Nigeria Ltd. 

Dangote Peugeot Automobiles Nigeria Ltd. (DPAN) is a partnership between Dangote Group and Stellantis Group (the parent company of Peugeot) that started in 2022. The collaboration meant building an assembly factory in Kaduna, Nigeria and producing several models from the Peugeot brand domestically. 

Dangote Industries Ltd.  — the Latest Venture from Dangote Group 

Dangote Industries Ltd. is a subsidiary of Dangote Group that is poised to become the largest oil refinery on the continent of Africa. The processing plant converts petroleum into petrol and deisel — some of which is exported beyond Nigeria. 

Dangote Group is a driving force throughout West Africa and isn’t limited to just Nigeria. The various subsidiaries have operations in Senegal, Togo, Ghana, Zambia, and Benin to name a few countries. 

Not Just Nigeria

Aliko Dangote doesn’t focus solely on profit. He has donated millions to various  causes in Nigeria. This includes stemming the spread of Ebola, curbing COVID-19 infections, and providing aid to communities impacted by Boko Haram. 

Aliko Dangote: 
the Philanthropist

There’s no single pathway to the top and Aliko Dangote’s path is as unique as many others. His story represents the importance of building Black wealth and giving back to the community. 

Aliko Dangote: 
Diversity in Black Wealth