Aliko Dangote, (born April 10, 1957, Kano, Nigeria), Nigerian businessman and philanthropist who is the founder and CEO of the Dangote Group conglomerate.
Dangote, of the Hausa ethnic group, was born to Mariya Sanusi Dantata and Mohammed Dangote. His maternal ancestors were prosperous caravan traders under British colonial rule, and his grandfather Alhaji Sanusi Dantata was a commodities trader. His grandfather was heavily involved in Dangote’s upbringing and helped inspire the entrepreneurial spirit in his grandson: when Dangote was eight years old, he used pocket money furnished by his grandfather to buy sweets, which he had others sell for a profit. Dangote was raised in the Islamic faith and is a practicing Muslim.
Who is Aliko Dangote | Biography, Wife, House, Group and Net Worth
Aliko Dangote is a famous Nigerian businessman and entrepreneur who has achieved great success and wealth through his various businesses. His first appearance on Forbes magazine’s annual list of billionaires in 2008 demonstrates the scale of his financial success. Dangote’s impressive success extends beyond Nigeria, as evidenced by his high ranking in global and African wealth lists.
However, in 2016, Dangote faced scrutiny and controversy when his name was linked to the so-called Panama Papers. The Panama Papers leaked documents revealing information about individuals and organizations involved in overseas financial transactions through shell companies. In Dangote’s case, he was personally linked to four of these companies, and his family and business partners were linked to at least 13.
Personal Stats
- Age
- 66
- Source of Wealth
- Cement, sugar, Self Made
- Residence
- Lagos, Nigeria
- Citizenship
- Nigeria
- Marital Status
- Divorced
- Children
- 3
- Education
- Bachelor of Arts/Science, Al-Azhar University
Aliko Dangote
CEO, Dangote Group
Real Time Net Worth: $10.3B & $4M (0.03%)
It is important to note that the existence of offshore companies is not illegal, as they can be used for a variety of legitimate purposes such as tax planning and asset protection. However, the use of such instruments can also raise questions about transparency and accountability, particularly when associated with high-profile public figures or business executives.
Dangote responded to the investigation by saying the foreign companies were established for the purpose of international trade in goods and had nothing to do with wrongdoing. However, the Panama Papers revelations added a layer of controversy to Dangote’s public image, and the incident was widely reported in the media.
It is important to cover this news from a balanced perspective, taking into account the successes and controversies surrounding individuals. Despite the investigation, Dangote remained a major player in the business world, particularly in the cement, sugar and other sectors.
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