For the tenth time in a row, Aliko Dangote was
named the richest man in Africa in 2021, with
an estimated net worth of $11.8 billion. The
business empire he began to build more than
three decades ago, Dangote Group, is one of
the largest private sector employers in Nigeria
as well as the most valuable conglomerate in
At the age of 21, Dangote borrowed $3,000
from his uncle to import and sell agricultural
commodities in Nigeria, his native country. His
business venture quickly became a success,
and as a result, he managed to repay the
entire loan within three months of starting
operations. Ultimately, Dangote was able to
turn a local commodities trading business into a multi billions dollar corporation.
Aliko Dangote has been the richest
man in Africa for ten years in a row,
with a net worth of almost $12 billion.
Dangote's fortune is primarily built
from his company, Dangote Cement,
although he started his business
empire by selling commodities such
as sugar, salt, and flour.
While he grew up upper-class,
Dangote was entrepreneurial from a
young age and started his first
business with a loan from his uncle.
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