Nigeria Made History as Dangote Hits World Economy

Aliko Dangote, President and Chief Executive of Nigeria's Dangote Group speaks during the final session of the World Economic Forum on Africa meeting in Cape Town June 6, 2008. REUTERS/Mike Hutchings (SOUTH AFRICA)
Aliko Dangote, President and Chief Executive of Nigeria’s Dangote Group speaks during the final session of the World Economic Forum on Africa meeting in Cape Town June 6, 2008. REUTERS/Mike Hutchings (SOUTH AFRICA)

Aliko Dangote, the president and chief executive of pan-African conglomerate; Dangote Group has set a pace for Nigeria’s local investors as he started from a humble internal entrepreneur level and now basks in history as being the first African entrepreneur to claim a 20 billion dollar fortune.

Dangote has also reportedly fit in to the top-tier of the club of 25 world’s richest men, with the aid of producing and supplying cement. Dangote cement also gained fame as one of the largest Nigerian companies in terms of market capitalization.

To recall from history, Dangote started his business dream actualization over 25 years ago after obtaining a loan from a potential investor, Sanusi Dantata while trading on some regular commodities such as sugar, flour, table salt and cement.

These efforts as a humble beginner with a tireless commitment over the past decades earned him a legacy of being one of Africa’s heroes in terms of business and economic development.

Dangote now worth more than Lakshmi Mittal from India and Uzbek born Alisher Usmanov, ties with Mukesh Ambani in terms of wealth and assets and also is on track to catch up with the owners of Google, Larry Page and Sergy Brin.