In this article, you will read about how the richest man in the whole of Africa Aliko Dangote became rich, his sources of money, and other important facts about the billionaire. Keep reading to find out more!
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Brief information about Dangote
Aliko Dangote is a very wealthy Nigerian business tycoon. He is the chairman and Chief Executive Officer of the Dangote Group of companies. He is 63 years old. Dangote is currently the richest man in Africa with an estimated net worth of $19.2 billion according to Forbes and Bloomberg.
How did Dangote become so wealthy?
Have you ever wondered how the richest man in Africa Aliko Dangote made his wealth? Well, this information will interest you about his source of wealth.
Like many other billionaires, he started doing business in his prime by selling clothes, salt, flour and other petty items, something most young people will never love to do apart from hunting for nonexistent jobs, complaining all day about nothing significant.
According to sources, he started expanding his business with a loan he secured, courtesy of his uncle. He quickly started importing commodities into his country and today, he is one of the richest people in the world. Dangote also owns the world’s third-largest sugar refinery company.
Contrary to what was first speculated that his source of wealth was inherited, Aliko Dangote built his own empire. The only thing that makes the difference is the ability of the Nigerians and other African countries to support and patronize their businesses.
Because he has a comparative advantage in the business, he has dominated it. Every year, he adds millions to his fortune and his business empire keeps growing significantly.
