In Nigeria, the name Dangote resonates with both old and young. From North to South, and, of course, all over social media, it's fairly common for Nigerians to use this name as a synonym of "Wealth". We also hear that name when we listen to music and when we see movies, that's how far the Dangote net worth fame travels. Although he isn't a politician and barely engages in social media conversations, he's more in the News than most celebrities.
You, of course, would know already that Aliko Dangote is the richest man in Nigeria and Africa; you may not be aware though that he is also the 136th wealthiest person on the planet.
Just 5 years ago in 2014, that number was 23rd in the world. It is his incredible financial muscle as well as his enigmatic, quiet lifestyle that makes him irresistible as a target for curiosity seekers and plain gossip-millers. Aliko Dangote is the man with his hands in a lot of profit-making pies: Oil and Gas, Commodities, Cement, Real Estate, you name it.
The wry Nigerian joke is that every family in the country contributes a daily quota to the Dangote empire. When you buy Spaghetti, matches, sugar, fuel at the petrol station, chances are that the man called "Aliko" by friends gets a bank alert. How rich exactly has that made him though?
Aliko Dangote is Africa and Nigeria's wealthiest man
2. Aliko Dangote's net worth in 2020
Speculations are rife regarding how many greenbacks Dangote actually has to his name. However, what is the truth of the Dangote's Net worth? An often-quoted figure is a mind-numbing $13 billion. As of 24th December 2019, Forbes maintains that Aliko Dangote is worth $8.7 billion! Apart from being number one on the list of the richest men in Nigeria, Aliko Dangote also heads that of the richest men in Africa.
3. Aliko Dangote's houses
This report cannot be complete without a mention of the fabled Dangote's house and cars. It's no news that Aliko Dangote is a very private person; he's not a fan of flaunting his assets and showing off on social media (like he needs to, right?) Just like his billionaire friend, Bill Gates, Dangote believes that luxury distracts him and takes too much of his precious time. To show how humble and focused the richest African is, he doesn't have any holiday home anywhere:
"I don’t have a holiday house anywhere but I know people who are working for me…they have houses in London.”
He further spoke about his views on luxury:
“But you see, a lot of people, even the younger ones, we need to be very careful because one of biggest issues with us as Africans is that we spend our projected incomes. Once you start doing business [and] it starts doing well, but rather than for you to invest more in the business, you start spending, thinking that profit will continue to come. There are ups and downs in business so you need to be very focused.”
That being said, Aliko Dangote currently resides in his Abuja mansion. The Dangote's mansion is worth $30 million or ₦11 billion. He has reportedly lived there for twelve years and the interior is beyond beautiful!
Behold, Dangote's all-white mansion!
This is where Africa's richest man hosts top Nigerian and African dignitaries.
Is it just us or does his home look like a 15th-century luxury castle?
That bouncy bed constantly relaxes Africa's richest man.
Aliko Dangote has hosted important dignitaries here, including Bill Gates and Ex-President Goodluck Jonathan
This is one hell of a kitchen!
The Aliko Dangote house in Lagos is a subject of some curiosity. Many are sure he owns one in the bustling metropolis. Not so many are sure where it is located, however. There are strong feelings that the billionaire is most likely pitching his tent with fellow billionaires Mike Adenuga and celebrities like P-Square and Linda Ikeji in the super expensive Banana Island.
4. Aliko Dangote's cars
Those who are not only rich but also famous, such as Nigeria's top richest footballers, usually own costly chic cars, and Aliko Dangote is not an exception. His car collection is nothing short of wow. Take a look at a selection:
Maybach 57S Knight Luxury - $1,000,000 / ₦ 360,000,000
The Maybach 57S Knight Luxury comes with fresh body elements, interior design as well as refined technical part as compared with the original Maybach 57S. Its doors, fiber hood, the racks, a new body kit, and boot lid are made of lightweight carbon. Besides, the four-door car also sports a new type of optics, giant 24-inch discs, and under the bottom lighting.
The Maybach 57S Knight Luxury is one of Dangote's top autos
The cabin is restyled with a great deal of high-quality carbon fiber (28 white and 39 black elements). It also features a trimmed leather trunk for the passengers. This upgraded Mayback 57S is powered by a twin-turbo 12-cylinder engine that can produce 712 horsepower.
- Bugatti Veyron - $2,000,000 / ₦ 720,000,000
In Aliko Dangote’s garage, there is another masterpiece. The Bugatti Veyron is one of the most expensive, powerful, prestigious, and fastest vehicles allowed on public roads. It can reach 431km/h and accelerate up to 100km/h in just 2.5s. Such speed and acceleration are often felt in an airplane rather than in a car.
The Bugatti Veyron is a classy hypercar every bit worthy to carry one of the world's richest men
The Bugatti also comes with quality materials and assembly, exceptional design, smart ergonomics, and other characteristics. By the way, Can you guess how much Aliko Dangote earns per day & how long it takes him to pay for his Veyron?
- Mercedes-Benz CL65 AMG - $220,000 / ₦ 79,200,000
The Mercedes-Benz CL65 AMG is one of the exotic cars in the car collection of Billionaire Aliko Dangote. It is powered by the turbocharged 6.0L V12 engine which can generate 162 horsepower. This CL65 AMG reaches a top speed of 290 km/h. Its owner will definitely never be late for any important business meeting.
What does a billionaire like Aliko Dangote drive? Look no further than the Mercedes-Benz CL65 AMG
When they are not working or driving, you can find Femi Otedola & other billionaire friends cruising Aliko Dangote’s yacht.
- Bentley Mulsanne -$310,000 / ₦ 111,600,000
The Bentley Mulsanne is a reckless expense, but this price is justifiable given its the gold standard of luxury and convenience. Most of its parts are hand-assembled and its cabin incorporates a sapphire crystal finish. The unique four-mode air suspension allows drivers to feel special sensations in all travels.
The Bentley Mulsanne is worth the hefty price tag, and Dangote can sure afford it!
The Mulsanne is also equipped with a 6.8-liter turbocharged engine which is capable of deactivating 4 cylinders to change to V4 position when there is no need for the maximum power. At its V8 position, it can reach the top speed of 305km/h.
Check out more photos of Aliko Dangote’s car collection!
Aliko Dangote's car collection includes a bunch of extravagant models
Nigerian billionaires are indeed car lovers. For instance check out Olu Okeowo’s N2 billion car collection: 6 Roll Royce, 4 Phantoms, 2 Ghosts & 1 Bentley
5. Aliko Dangote's private jet
Dangote owns a Bombardier’s Global Express XRS private jet worth $45m or ₦16.2b. He purchased the private jet on his 53rd birthday, marking a major step in his life.
He'd definitely host other billionaires on his private jet
He doesn't just own a private jet, Dangote owns a super Yacht too!
>>> Did you know that Aliko Dangote also owns a luxury Yacht worth ₦15.5b? Check out photos here!
6. Aliko Dangote biography
6.1. Profile, age, and early days
Who is Dangote? The Dangote biography is as colorful as the present man. Right from his younger days in primary school, he has been interested in business:
"I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. I was so interested in business, even at that time."
Aliko Dangote is from Kano State, Nigeria. Concerning Dangote's age, he was born on 10 April 1957 to Mohammed Dangote and Mariya Sanusi Dantata. This makes him 63 years old. He's the Founder and Chairman of Dangote Cement, which according to Forbes, "produces 45.6 million metric tons (of cement) annually and has operations in 10 countries across Africa." In addition to cement, his Conglomerate also produces Salt, Sugar, Pasta, and Flour.
The businessman and investor is the grandson of Alhaji Alhassan Dantata, who was the richest West African during his time. Alhaji Dantata was a successful trader of rice and oats in Kano (Nigeria's second-largest city). He died in 1955.
This video takes you farther in the personal life of the magnate:
Video: Aliko Dangote History & Biography, Net Worth 2019: Family, Wives & Latest News
Aliko Dangote attended the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. Furthermore, he bagged a bachelor's degree in business studies and administration from Al-Azhar University, Cairo. Dangote careers and successes can be said to be a result of a sound education first of all. 1977 saw the beginning of Dangote Group as a smallholding firm. Exporting food and cement, Dangote Group has grown to be a huge conglomerate in Africa, covering over ten countries.
6.2. The Dangote family life
Of course, everyone is curious about Dangote's wife and children. Aliko Dangote's son and daughters reportedly number 15 from his four marriages. The African billionaire is currently divorced.
On March 23rd, 2018, Aliko Dangote blew our minds by throwing one of the biggest weddings in Africa for his daughter. Eko Hotels and Suites in Victoria Island was privileged to host the creme de la creme in Nigeria and abroad, from Nigeria's most popular and richest musicians to top bosses across several Nigerian companies, and naturally Nollywood's biggest actors.
Guests included Nigeria's richest politicians such as Jagaban of Lagos - Bola Tinubu, Ex Nigerian Senate President - Bukola Saraki, First lady of Nigeria - Aisha Buhari, and Vice President of Nigeria - Professor Yemi Osinbanjo.
Also, the second richest man in Nigeria and #4 in Africa, Mike Adenuga was present as were other billionaires like Femi Otedola and Dele Momudu. To cement the clout and influence of Aliko Dangote, while the wedding did not have numero uno in global net worths, Jeff Bezos, in attendance, notably the second richest man in the world, Bill Gates was at the wedding.
Who knows how simple chats at this event has since impacted the Economy of Nigeria.
Bill Gates's presence at Fatima and Jamil's wedding definitely reiterates Aliko Dangote's global status
6.3. Dangote Refinery
His philosophy about investing in Africa has been proven over the years and a new refinery still under construction at Ibeju-Lekki further drives home his intentions. Dangote refinery, which is still under construction in Lekki, will be listed as one of the largest oil refineries in the world.
"Let me tell you this and I want to really emphasise it ... nothing is going to help Nigeria like Nigerians bringing back their money. If you give me $5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work."
He has certainly proved this by billions spent on humanitarian projects through the Dangote Foundation in Nigeria. Aliko Dangote might not be a monarch like some of Nigeria's richest kings, but there is no doubt that he does rule over a global empire that spans continents and affects millions of lives daily. The Dangote net worth is only the beginning of the story for Africa's first man!
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