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Aliko DangoteOwner of the Dangote Group company
Country:
 Nigeria |
Content:
Owner of Dangote Group
Aliko Dangote is the owner of Dangote Group, a company that operates in Nigeria and West African countries. He is a staunch supporter of President Olusegun Obasanjo's regime and the ruling People's Democratic Party. Dangote is one of the wealthiest businessmen in Africa.
Dangote Group
Dangote Group is primarily engaged in the sale of consumer goods in Nigeria. It has achieved this leadership position through Aliko Dangote's political connections. The company, initially a small enterprise, was founded in 1977 and has now grown into a multi-billion conglomerate. It conducts its trading activities in countries such as Benin, Ghana, Nigeria, and Togo. In addition to food production, Dangote Group is involved in cement manufacturing and transportation. It is also a leading sugar producer in Nigeria, supplying sugar to major non-alcoholic beverage companies, breweries, and confectionery factories. The company owns several major enterprises in the country, including the Dangote Sugar Refinery. Its assets were valued at $3 billion in the latest stock market trading.
Generous sponsor and philanthropist
Aliko Dangote is known for his philanthropic activities. In 2003, he made a donation of $2 million to President Obasanjo's electoral program. He also donated $500,000 for the reconstruction of the National Mosque and $2 million for the restoration of the Presidential Library. However, some newspaper articles suggest that Dangote makes these donations for selfish reasons, to ensure that the Nigerian government does not create any obstacles for his business.
Current wealth and rankings
Dangote's estimated current capital is $3.3 billion. He is ranked by Forbes magazine as the 334th richest person in the world. He is the second richest black man, with only Mohammed Al Amoudi ahead of him with a fortune of $9 billion.
