11 Interesting Facts About The Richest Man In Africa

10 Interesting Facts About The Richest Man In Africa

The topic of who is the richest man in Africa is one that as Nigerians who are proud to discuss when the need arises. He is that business mogul that Nigerians are happy to associate with irrespective of tribe and religion, We know Aliko Dangote and he is a proud son of the soil.

Who doesn’t admire a billionaire? Who doesn’t like the rich?

Some days back i wrote about the richest man in the world and continuing in that tradition. I am branching into Africa, precisely Nigeria. To talk about a philanthropist whose existence is blessing to his country.

Richest man in africa

Aliko Dangote, an ethnic Hausa Muslim, from Kano, Kano State, was born on the 10th of April 1957 into a wealthy Muslim family. He is the great-grandson of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955. And today he is flying that same flag again as the richest African in 2019.

Interesting Facts About The Richest Man In Africa

1.Even at this time and age, the name Dantata still rings through as a name  of wealth. That name is mainly associated with construction right here in Nigeria as you would see them mainly at construction sites.

2. In 2013 Dangote surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi with over $2.6 billion to become the world’s richest person of African descent. Looking through the list of Africa”s billionaires it was nice to see two black faces (Nigerians) top the list at the number one and second spot, in the person of Aliko Dangote and Mike Adenuga.

3. Dangote group has the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertilizer. The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. It also has major investments in real estate, banking, transport, textiles, oil, and gas. The company employs more than 11,000 people and is the largest industrial conglomerate in West Africa.

4. In November 2011, Dangote was awarded Nigeria’s second-highest honor, the Grand Commander of the Order of the Niger (GCON) by the former President, Goodluck Jonathan.

5. Dangote reportedly added $9.2 billion to his personal wealth in 2013, according to the Bloomberg Index, making him the thirtieth-richest person in the world at the time, in addition to being the richest person in Africa.


6. In 2014, the Nigerian government said Dangote had donated 150 million Naira (US$750,000) to halt the spread of ebola.

7. The wealth of Dangote as the richest man in Africa is not just a recent event. He has stayed at that position for eight years in a row. Which is indeed an amazing financial feat.

8. As the richest man in Africa Dangote is worth $10.3 Billion. But that is not his highest financial mark that has ever been recorded, in February 2014, his net worth reached a peak of $25 billion.

9. There is another beautiful part to the story,  In June 2013, he would become the first African businessman to amass a personal fortune of $20 billion.

10. Aliko Dangote is not only considered the richest man in Africa but is also considered the biggest African billionaire loser in dollar terms due to the fact that between December 31, 2014 and December 31, 2015, his net worth would drop by $3 billion.

11. The major factor behind the decline of his net worth is due to some financial policies of the Nigerian government. It is said that his fortune began to decline on the back of a Central Bank devaluation of the Nigerian Naira.

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