After graduation, he asked his grandfather for permission to move to Lagos. There are other reasons for international interest as well. Thanks for signing up for our daily insight on the African economy. "Nigeria is one of the best-kept secrets," Dangote says. His maternal ancestors were prosperous caravan traders under British colonial rule, and his grandfather, Alhaji Sanusi Dantata, a commodities trader, helped to inspire the entrepreneurial spirit in his grandson. House, Cars Like most rich people, Alhaji Aliko Dangote is very soft about his toys. As of 2015, Aliko Dangote has a net worth of 16.6 billion USD. Czech professional tennis player Petra Kvitova has earned a substantial net worth as one of the world's greatest players to ever compete on the court. View Alhaji Dangote's business profile as Vice President at Dangote Cement. Aliko was born into a wealthy ethnic Muslim family and has had a very comfortable upbringing. In fact, such passion made her start her confectionery business in Lagos. JONATHAN'S REIGN MAY SOON END: He faces a surprisingly strong challenger in this month's presidential election, and Boko Haram's unchecked bloodshed is at least partly to blame. Sanusi Dantata Net Worth. In 2008, Halimah got married to Sulaiman Sani Bello during her academic pursuit in the United Kingdom. As of , John is a professional accountant with a passion for writing. Africas richest man, Aliko Dangote, has accused Tanzanian President John Magufuli of implementing policies that are unfriendly to foreign investors. "Anyone doing business in Africa," says David Rubenstein, the cofounder of the Carlyle Group and a fellow billionaire, "knows Dangote.". Feb 11, 2022. waepco.com . Net Worth. Golf course designer Pete Dye was renowned for his architectural skills, and he earned millions by creating some of the best golf courses in the world. After receiving education at the Sheikh Ali Kumasi Madrasa, and Capital High School, Kano, he graduated from the Government College, Birnin Kudu. Let's stay updated! Unidentified gunmen have killed the country manager of Dangote Cement Ethiopia which is owned by Africa's richest man, Aliko Dangote. Two close family sources confirmed the death to DAILY NIGERIAN, saying Mr Dangote died at a US hospital on Sunday evening after a protracted illness. The three companies today do a combined $3 billion in revenue; while Dangote Flour operates at a loss and Dangote Sugar's net margin falls in line with Brazilian peer Cosan, the cement company is wildly profitable, with a margin of 52%--about double that of close competitor LaFarge Africa. Also join us across all of our other channels - we love to be connected! Reflects change since 5 pm ET of prior trading day. Dangote is a graduate in Business Studies from the Al-Azhar University located in Cairo and also is politically active in his home country of Nigeria by supporting various politicians and their campaigns. Aliko Dangote lives as you might expect, given he's the richest person in Africa and resides in the same country being bullied by the insidious Boko Haram terrorist group, which finds something noble in kidnapping village girls. His first wife, Hajiya Zainab, gave birth to 2 daughters among those 15 children. Some of the businesses he owned are Dansa Foods Limited, Dansa Energy, Sagas Energy Limited, Bulk Pack Services Limited, Dansa Agro Allied Limited, and Dangote Farms Limited. A lot of foreigners are not investing because they're waiting for the right time. And then I thought, why not make the bag for it, too? In 2018, Fatima Dangote tied the holy knot with the love of heart, Pilot Jamil Abubakar whose progeny is traced to the former Inspector General of Police, MD Abubakar. Sani was compassionate and kind, seeking the best for friends and associates. He is the founder and chairman of Dangote Group, an industrial conglomerate in Africa. Some of those children have grown up and are even married. May Allah Grant Aliko & entire Dangote extended family fortitude to bear the loss. The Dangotes mansion is worth $30 million. "You will make money, and we'll make money, and it's better for everyone.". But as soon as we get more information in that respect, we assure you that we will update this article and put you on notice for your reading pleasure. 2. Citigroup His father, Mohammed had a steady source of income and financed his studies and took care of the family very well. Despite being the last born of the richest and wealthiest black man on Earth, Mariya derives pleasure in keeping a low profile. Aliko Dangote Chairman of Dangote Group of Companies. "If you say he's an investor with you, that carries a lot of weight. ", This is a BETA experience. Dangote's other publicly traded assets include stakes in Dangote Sugar, Nascon Allied Industries and United Bank for Africa. Best known for directing Lord of the Rings, Peter Jackson is one of the wealthiest and most well-known filmmakers in Hollywood. Graduates from Al-Azhar University in Cairo. They all have Masters degrees to their names. In 1981, he formed the corporation that later became Dangote Group. That is also the limitation of a mortal. As of April 2022, Dangote's fortune has been on an upward trajectory with Bloomberg reporting that his net worth of $20.4B can buy 10.6 million troy ounces of gold. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. His cars include; Bentleys Buggatis, Maybach, and Mercedes. Dangote Cement prospered from restrictive licenses. Halima Bello Dangote is the first born and the eldest daughter of Alhaji Aliko Dangote. You can hardly tell that he isnt filial to Dangote. "Things were quite good," he says. Jordan Belfort's net worth What is Cristiano Ronaldo's net worth? Dangote lives in Lagos. Having known Sani for many years and developed a close bond with him and the Dangote family, the news is as devastating as it is numbing. In recognition of his sterling leadership qualities, he was appointed as the Consul-General of the Romanian Embassy in Nigeria. Alhaji Aliko Dangote is the largest employer of labor in the whole of Africa, his net worth was estimated to $15.3 billion making him the richest African and black in the world. Haven discussed the biography of Africas richest business Mogul, Alh. Oil now represents another big play for him, and he's busy building a refinery some 40 minutes by car outside central Lagos. As chairman of Dansa Holdings, Sani brought a new verve to the beverages sector of the economy, growing the business to become one of the most notable brands in the country. Heres What That Means For You, Parler Vows To Be More Than Twitter Clone For Conservatives, Five Lessons A Marketer Can Learn From NPRs Fresh Air, Social Media Users Love These Spring Picnicking Products, Social Media Influencers Love These Insightful Books For Spring, You Can Sing Along YouTube Music Finally Added Real-Time Lyrics, Donald Miller Says This Is The Most Common Small Business Mistake On Social Media, Inside The 2015 Billionaires List: Fact And Figures, Record 290 Newcomers Join Forbes Billionaires List, Including Michael Jordan. Dangote currently resides in his Abuja mansion. Ameen, he wrote. The wealthiest man in Africas first born and the eldest daughter is an Entrepreneur and philanthropist. The billionaire owns six residential and commercial properties in Lagos. Let us now look at the grand Dangote Family. The younger brother to the richest man in Africa, Sani Dangote, is dead. Nigeria does provide fertile opportunity for vast wealth. Invest with local partners instead. The truth and accurate information about the biological parents to the legal heir to the richest black man on the continent wealth, are sparsely known. Today the group has branches all over Nigeria and in sub-Saharan Africa. BENIN CITY - I am shocked and deeply saddened by the news of the passing of my dear friend and brother, Alhaji Sani Dangote, the Vice President of Dangote Group, who died in the United States of America (USA) after a protracted illness. Africa's richest person controls Dangote Industries, a closely held conglomerate. Introduction He is a self-made business tycoon. Economic Confidential had reported that Alhaji Sani Dangote was the Group Vice . Alhaji Aliko Dangote was born on April 10, 1957, in Kano, Nigeria. As of , What is Justin Bieber's net worth? According to the report, the Miss World Pageant revealed some piece of classified information about Dangote and things went south between them. In the shadow of rising Islamic militancy, which has destabilized the Middle East and now threatens to do the same to parts of Africa, President Obama recently issued an executive order tasking U.S. business executives with strengthening trade ties to sub-Saharan Africa (the council includes heavy hitters from Wal-Mart, G.E. On the other hand, they export products like cotton, cashew nuts, sesame seeds, and cocoa. The majority of Dangote's fortune is derived from his 86% stake in publicly traded Dangote Cement. A 1994 diplomatic cable singled him out as a businessman to know in Nigeria and drew attention to his clan's homes in Kano, Lagos, London and Atlanta. He died in Germany on April 15th, 1997. ___________________________________________________________________________________________________________________ He is said to have fathered 12 more along with 5 grandchildren too. Being the legal heir, one could easily tell apart from the other daughters that the name Abdulrahman bores shows that he is not Aliko Dangotes filial son. The person who is currently considered to be the wealthiest black man in the world is a successful businessman and philanthropist named Aliko Dangote. Alhaji Sani Dangote is the Group Vice President and a co-founder of the Dangote Group of Industries with Alhaji Aliko Dangote. "We will carry a big knife and cut them on prices.". Dangote executives promise the government has compensated the displaced natives well. All the trouble will be gone. He is an ethnic Hausa Muslim, and is from a prominent and wealthy Muslim family. When the British arrived in the late 1800s, Kano was West Africa's most important business center. Dangote Group, the Nigerian conglomerate owned by Africas richest man, Aliko Dangote, has officially launched a $20 million tomato processing facility in Kano state, northern Nigeria. Sanusi Dantata. Dangote Refinery has been under construction since 2016 and is expected to be one of the world's largest oil refineries once complete. Like his half-sisters, Abdulrahman Fasasi Dangote is calm, tolerant, and doing wonderfully well with all other members of the family. Known for: Dangote Group Net worth: US$7.4 billion Alhaji Aliko Dangote Biography, Early Life, Family And Education Aliko Dangote was born on the 10th of April, 1957 in Kano State, Nigeria into a wealthy Muslim family. His venture, the Dangote Group covers freight, food processing and cement manufacturing. . The drop in crude prices prompted the oil-rich country's stock index to plunge 40% last year, taking Dangote's net worth down in lockstep--no surprise, since his companies account for almost a third of the nation's benchmark index (his $10.3 billion drop in net worth was the world's largest last year). He's helped us." Dangote Sugar started in 2000 and quickly expanded the annual production capacity of its refinery at Lagos' Apapa Port to 1.44 million tons, enough to satisfy 90% of national demand. Aliko Dangote is the founding president and CEO of the Dangote Group conglomerate. Despite the explosion of revenue, the World Bank still considered Nigeria--along with countries such as Bangladesh, Ethiopia, Chad and Mali--as "low income," a candidate for international aid. He was well capitalized and a naturally talented trader. Sani Dangote died in a US hospital after battling an undisclosed illness for months. But the underlying fundamentals are strong. Jeff Bezos is now What is Eminem's net worth? As a child, Dangote showed signs of his innate entrepreneurial spirit when he launched a business buying candy in bulk to sell to his elementary school classmates for a hefty profit. That was the display of the power of the Almighty who gives and takes life at his will. Pieces of information regarding her date of birth and age are unknown. The Aliko Dangote Foundation (ADF) has pledged to provide grants totaling $3.06 million to 106,000 women across northern Nigeria before the end of 2019. The Lagos, Nigeria-based company owns sub-Saharan Africa's biggest cement producer, Dangote Cement, which had revenue of 1.38 trillion naira ($3.4 billion) in 2021. Dantata insisted on personally raising his grandson--not an unusual arrangement in northern Nigerian culture--and instilled a businessman's mind-set in Dangote at a young age. According to a State Department cable unearthed by WikiLeaks, Dangote "held exclusive import rights in sugar, cement, and rice, using such advantages to do volume business and undercut competitors." Sani made insightful contributions to the Edo State Palm Oil Initiative, for which we remain grateful. After I enter, a butler motions to a sitting room overlooking a patio and a blue-tiled pool. All Rights Reserved. The majority of Dangote's fortune is derived from his 86% stake in publicly-traded Dangote Cement. Dangote, a Muslim, attended AlAzhar University in Cairo and studied business. But whether it's Jonathan or someone else ruling Nigeria, observers find it difficult to believe that anyone would shut him out of the presidential palace. The Bloomberg Billionaires Index estimated his net worth at $ 19.9 billion in April 2023, making him the richest person in Africa, the world's richest black person, and the world's 83rd richest person overall. All of which makes Dangote--well connected, wildly wealthy and ready to do business--an increasingly important player on the world stage. And she also doubles as the Board Chairman of Africa Centre in New York, United States of America. Aliko Dangote #1 on the Africa's 50 Richest list, Bachelor of Arts/Science, Al-Azhar University. If all goes according to plan, it'll produce 650,000 barrels a day--a variety of gas, diesel and jet fuel--and Dangote would basically walk away with a monopoly on refined oil in the country. Thats why he is in most African countries. So far in their marriage, Halima and her husband have two lovely and beautiful daughters. Dangote starts strategic shift from trading to manufacturing. Prior to that, in May 2014, he dispatched Penny Pritzker to Nigeria, the first visit by a Commerce Secretary in two decades. As of March 2018, he had an estimated net worth of US$14.1 billion. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2014-2023 Wealthy Gorilla | Owned & operated by Wealthy Gorilla LLC | Wealthy Gorilla is a registered Trademark. Aliko Dangote is a business tycoon from Nigeria. Raw crude for the refinery will come from multiple suppliers. He no doubt was a towering personality in Nigerias private sector. Find contact's direct phone number, email address, work history, and more. Why You Need a VPN, and How to Choose the Right One. Until the beginning of 2020, when the widespread Coronavirus woefully affected the Nigeria and global economy, he was among the top 100 richest men in the world. In fact, according to a widely cited Save my name, email, and website in this browser for the next time I comment. President of Dangote Group, Aliko Dangote, has emerged as the 72nd richest person in the world with an estimated net worth of $20.4 billion, according to the latest data on Bloomberg's. Its net value is based on a discounted cash flow analysis by KPMG. Hence, its important you take your time to read this article line by line from the top to the end. America's foreign direct investment in Nigeria reached a continent-leading $8.2 billion in 2012, the last year for which statistics are available. "We can do well as investors, and the countries will do well," Schwarzman says. Aliko Dangote on Wednesday narrated how his younger brother Sani died in one of the best hospitals in Miami, the USA. Located on Victoria Island, a wealthy Lagos enclave that has a moat in the form of a lagoon and the far eastern shores of the Atlantic Ocean, his mansion comes with all the trimmings: massive black gate, bulletproof windows, Big Brother video surveillance, guards and a secret entryway. 2017 Economic Confidential . Upon his return, a powerful uncle secured him a highly lucrative government contract to manufacture cement plus a $5000 loan to launch a small business. After graduation, he asked his grandfather for permission to move to Lagos. He's a Davos regular, and appeared with Goodluck Jonathan, Nigeria's current president, on a panel about investment potential in Africa at the 2014 World Economic Forum. About 80% of the conglomerate's revenue reportedly comes from Dangote Cement, which is said to produce 44 million metric tons of cement annually. Other politics-related donations he has made, in particular related to members of the ruling PDP party, include a N50 million (US $500,000) contribution to the National Mosque with the backing of "Friend of Obasanjo and Atiku". Former professional tennis player Stefan Edberg has earned a remarkable fortune as a six-time Grand Slam champion. Having spent time in Brazil and witnessing that country's rise to an industrial superpower, he was inspired to seek the same opportunities in Nigeria. Aliko Dangote. By Yushau A. Shuaib, Lagos, Kano Get Lions Share In N42bn Ecology Fund NBS, FG Loses $1bn Annually In Maritime Sector, Ajaokuta Steel Company Gets N4.3bn for Revival, MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance. Africas richest man, Aliko Dangote, plans to invest in the energy and agricultural sectors of Zambia. are unknown. Halima Bello Dangote is barely seen on social media or even in public places. After graduating from Egypt's Al-Azhar University with a degree in business, Dangote returned to Nigeria, where he started his own cement trading business funded by a loan from his uncle. He currently serves as the Vice President of the Dangote Group and is involved with his brother in making their corporation a success. The four Nigerian National Petroleum refineries are viewed as corrupt to the point of nonfunctioning. . And no one foresaw him as the Chief Executive Officer of Dangotes empire, a multi-billion multinationals company in Africa. At the time Dangote's sugar and flour companies went public, raw sugar was taxed 12 times less than refined sugar, wheat 6 times less than flour. From the foregoing, one could boldly deduce that one general unique characteristic of all Aliko Dangotes daughters is their simple lifestyle. The Four Richest Nigerian Billionaires Are Worth More Than $24 Billion, The Five Richest People In Nigeria Could Wipe Out All Of The Country's Extreme Poverty, The Richest Black Billionaires In The World Right Now. Governor, Edo State, The Nigerian Observer is a daily newspaper published in Benin City, Edo State, Nigeria, since 1968 by the Bendel Newspapers Company Limited (BNCL) and is owned by the Edo State Government. Aliko Dangote, Africas richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria. As at January 2020, the Nigerian businessman has an impressive net worth of 10 billion USD, source: Wikipedia. Well, in this publication today, we shall be bringing to your hearing the names of all Dangotes children, their ages, occupation, etc. He remains as simple, hardworking, humble, and cool-headed as he was in the very beginning. Advertisements CONTINUE READING BELOW The country is already Africa's most populous, with more than 170 million people, and that figure will swell to 210 million by 2020. Net Worth of Aliko Dangote and How He Became Richest African Man. people. His Excellency served as Fatimahs guardian while the wedding Fatiha was in progress in Kano. Today, her Cupcake startup enterprise is growing every now and then. Dangote has also been highly involved in many philanthropic efforts. There is no doubt disputing the fact that Aliko Dangote is the richest black man on Earth. Note that Abdulrahman Fasasi is the only male and equally the adopted child in the Aliko Dangote family. The refinery, Dangote says, can be profitable even at $50 to $70 a barrel. As of April 2023, Aliko Dangote's net worth is estimated to be $21 Billion. On one subject, though, he is always articulate. His uncle, Alhaji Alhassan Dantata, who was the then richest man in Africa loaned him $3,000 to start the importation and selling of agricultural commodities. Overall U.S.-Nigerian trade was $9.8 billion last year. Mariya Dangote is the first and the last born of Aliko Dangotes second wife. Aliko Dangote, Africas richest man, has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited. This Forbes rating, therefore, means that Aliko Dangote and richest man in Africa is richer than Donald Trump, and some renowned billionaires across the globe. Hes worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities. Aliko Dangote's Bio He was born on April 10, 1957, in Kano State into a wealthy Muslim family. Since he is very reserved and doesnt act like an heir to the most powerful conglomerate in Africa, it is very difficult to his net worth or assets at this moment. He already suffered two divorces because of lack of family time,all in pursuit of money. He attended Al-Azhar University in Egypt where he earned a degree in business. He is an established businessman with investments in key sectors of the economy including manufacturing, agriculture, banking and oil services. He is known as the owner of the Dangote Group, which is a conglomerate of various corporations. Aliko Dangotes third daughters name is Mariya. They are valued using the capitalization method, using rental income provided by Dangote's spokesman, Anthony Chiejina, and capitalization rates from CBRE Broll Nigeria. Founds the company that later becomes Dangote Group. The Nigerian billionaire was ranked the 97th richest person in the world back in January. November 15, 2021 10:52 AM. Alhaji Sani also known as just Sani is the only brother and sibling of Aliko. Until his death, Sani was the Vice President . Their low profile made their biography and information about them a little meager. Africas richest man, Aliko Dangote, is set to pocket almost $650 million in dividends from profits made by his Dangote Cement in 2018. At this juncture, it is important to state that the lifestyle Aliko Dangotes children chose explicitly revealed that being rich and being popular are different. His resolve was strengthened in 1999, when Nigeria held its first democratic presidential election in six years, choosing a bespectacled former military ruler and chicken farmer named Olusegun Obasanjo, whom Dangote had known since 1981. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Aliko Dangote, Africas richest man, has concluded plans to invest roughly $60 million in Togo in the construction of a cement manufacturing facility. Nigeria is one of the best-kept secrets. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. This showed that Dangote Jr. was highly business oriented even at an early age. 2023 Nigerian Observer All Right Reserved. As of What is Novak Djokovic's net worth? Unblock notifications in browser settings. He is a board member of the Corporate Council on Africa, as well as a member of the Global Education First Initiative's steering committee, which is an initiative under the United Nations Secretary-General. Our newsletter gives you access to a curated selection of the most important stories daily. Early Life Alhaji Aliko Dangote was born on the 10th of April, 1957, in Kano, Nigeria. "I'm going to be a big man, I'm going to be the next Dangote," a lab technician at the one of the cement plants says over and over again until his sentiment is recorded on paper. Here are some of the best highlights of Aliko Dangotes career: You could easily tell that hard work and perseverance go hand in hand with patience. Dangote, round-faced with a trimmed graying mustache, appears from upstairs dressed in khakis and a casual blue button-down. The companies retain a vice-like grip on their industries today, controlling at least half of the cement and sugar markets and about 25% of flour. Dangote Tomato Processing Factory, a newly commissioned company owned by Africas richest man, Aliko Dangote, has suspended its operations due to the unavailability of its most important raw material fresh tomatoes. A $19 billion oil refinery that is currently being developed in Nigeria isn't included in the valuation because it's not yet operational. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. You may opt-out by. Being the youngest daughter of Africas richest and most influential man, she recently finished her university education at Coventry University in the United Kingdom. Alhaji Sani Dangote today 14th November, 2021. 2023 Forbes Media LLC. The Nigerian businessman has an impressive net worth of 13.9 billion USD, according to 2018 Forbes ranking. Aliko and his brother were sent to private schools for their education where Aliko would buy box candies and sell it to children there, in order to make profit. During that decade, the economy grew 18% annually, with many of the spoils going to well-connected elites. Some rich kids love living a simple life while other rich heirs in the society love living large. After he graduated from Egypts Al-Azhar University at the age of 21, Dangote moved down to Lagos for cement trading and other essential commodities trading in 1977. We often hear people say patience is worth it, yet we dont practice it. Dangote is the richest African globally and an inspiration for the young minds who want to succeed as entrepreneurs. Aliko Dangotes second childs name is Fatima. Whether about his country's fraught presidential election ("It's going to be tough for both parties") or his cement company's long-delayed overseas listing ("Maybe next year"), he has little to say. A lieutenant warns that Dangote will walk out of a meeting if it starts even a minute late. It originally started as a small trading firm headquartered in Lagos, Nigeria, but now has operations all over Africa, including in countries like Benin, Ghana, Zambia, and Togo. In 2005 Dangote secured a $479 million loan led by the World Bank's International Finance Corporation--Nigerian banks didn't have the ability, or the stomach, to put up the cash alone--and agreed to plunk down $319 million of his own money to build a cement factory. He turned every business enterprise he touched into success stories. Save my name, email, and website in this browser for the next time I comment. Guests included state governors, bank executives and, naturally, the president. Recall that during the start of 2022, Mr Dangote had a net worth of $19.2 billion and was ranked the 97th richest person in the world. It began with a single mill, tripled revenue to $270 million, increased capacity eightfold to 1.5 million tons--then joined Dangote Sugar on the NSE in 2008, the same year Dangote became the first Nigerian on FORBES' World's Billionaires list, at No. When I was trading sugar, I added salt and flour so that then we could do pasta. In 2014, Dangote provided a substantial donation of some $1 million to help halt the spread of the deadly Ebola virus in West Africa, and in 2016 he partnered with Microsoft founder Bill Gates to pledge $100 million to address malnutrition, a problem that affected some 11 million children in northern Nigeria. Dangote began building salt and sugar refineries, flour mills and a pasta factory in 1999. "His name carries a great deal of weight," Rubenstein says. Born on April 10, 1957 into a rich Muslim family, Aliko was interested in becoming an entrepreneur since childhood. His grandfather, Alhaji Alhassan Dantata, who died in 1955 was the richest man in West African as at the time of his death. Alhaji Aliko Dangote is the largest employer of labor in the whole of Africa, his net worth was estimated to $15.3 billion making him the richest African and black in the world. These donations have been highly controversial, sparking concerns over corruption and government relations with private industry leaders. Africa's richest man Alhaji Aliko Dangote is the most successful businessman of the continent. His suppliers will be desperate and easy pickings. Nigeria's President Muhammadu Buhari, on Wednesday, sent a delegation to represent him in Kano at the burial of Alhaji Sani Dangote, younger brother of Africa's richest man, Aliko Dangote, who died on November 14 in the United States after a protracted illness. Subscribe. Dangote owns cars, including Maybach 57S Knight Luxury, a Bugatti Veyron, a Mercedes-Benz CL65 AMG, and a Bentley Mulsanne. In a bid to widen her business and Administration horizon, Halima Dangote attended several leadership development programs at Harvard, Oxford, and MIT. From 2010 to 2013, Nigerian GDP expanded by an average of 5% a year. According to Bloomberg, the Nigerian billionaire was ranked the 97th richest person in the world back in January with a net worth of $19.2 billion.

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