Primary Position: President
Primary Company: Dangote Group
Estimated Net Worth: At least $9.7 billion
Source of Wealth: Self-Made
Birthday: 10 April 1957
Hometown: Kano, Nigeria
Marital Status: Married
Native of Nigeria, born in 1957. Dangote received his Bachelor’s degree from Al-Azhar University in Egypt. Started his career working for his uncle, Abdulkadir Sasuni Dantata, from whom he borrowed money to start a commodities trading, cement and building materials import business in Kano, Nigeria in 1977. Gradually expanded the business and relocated to Lagos, Nigeria where he began importing cars and cement needed for Nigeria’s economic expansion. In 1981, he formed a corporation which later became Dangote Group, an international business conglomerate …
Institution Name: Al Azhar University
Qualification Name: Bachelor’s degree
Education Type: Undergraduate
In January 2014, Dangote reportedly planned to reduce his shareholding in Dangote Cement which he holds through Dangote Industries by October 2014. Dangote Industries may have to divest more than 2.3 billion ordinary shares as it plans to go public in October 2014. Dangote Cement reportedly planned to complete following projects at Zambia, Tanzania, South Africa, Republic of Congo and Gabon in 2014 which will add 13.5 million metric tonnes of cement per annum to the existing capacity. In September 2014, Investment Corporation of Dubai , a sovereign wealth fund owned by the government of Dubai, United Arab Emirates, reportedly invested $300 million in Dangote Cement for a minority stake.
Interests, Passion, Hobbies
Kind of Interests, Passion and Hobbies: Public Speaking
Description: Attends college programs and press conferences as a guest speaker.
Kind of Interests, Passion and Hobbies: Technology – Social Networks
Description: Reportedly joined Twitter with @AlikoDangote as his Twitter handle.
Kind of Interests, Passion and Hobbies: Boating – Yachts
Description: Reportedly owns a $43 million custom-made luxury yacht, which was named Mariya after his mother.
Giving Profile: Chairman of the Dangote Foundation. The Dangote Foundation was set up to drive Dangote’s corporate social responsibility initiatives. The foundation focuses on improving the living conditions of Nigerians by supporting hunger and water supply projects, strengthen the quality and quantity of health and education, and promote Nigerian economic development. The foundation runs a $12,000 daily feeding program; built boreholes and has provided water to rural and urban communities across Nigeria. In 2010, the Dangote Foundation endowed relief material of at least $400,000 to Jos and Bauchi crisis in Lagos, Nigeria. Donated at least $600,000 to help flood victims in 11 local government areas in Sokoto State, Nigeria. In 2010, donated $750,000 to assist famine victims in the Niger Republic. In 2011, donated at least $90 million in sundry projects for Nigerian social development. In 2012, donated $500,000 to the Republic of Congo where more than 200 people were killed. In 2012, the foundation donated 3,000 cartons of spaghetti, 6,000 cartons of noodles worth $150,000 and $300,000 in cash to the Jigawa State Government to ease the suffering of flood victims. Donated $6 million towards building an International Cancer Centre in Abuja, Nigeria. Donated $2 million to post election crisis victims of the Bauchi, Gombe and Kaduna governments.
The foundation donated $2 million to the UN World Food Programme (WFP) to help flood survivors in Pakistan; at least 325,000 children received aid. Donated $360,000 to the Oyo State Government to assist flood victims, $100,000 to Ubayyu Bin Ka’Ab Islamiyya School, $60,000 to Al-Muhibbah Foundation and $30,000 for the construction of Tudun Wada Juma’at Mosque, Kaduna, Nigeria. Donated $15.8 million to support flood disaster management efforts in Bayelsa State, Nigeria in October 2012. The Dangote Foundation started the Dangote Academy to train young technicians and craftsmen; to be employed in Dangote factories. Donated $300,000 to Lagos State Security Trust Fund; $60,000 to Al-Muhibbah Foundation; $100,000 to Ubayyu Bin Ka’Ab Islamiyya School, Kano, Nigeria; $10,000 to Dreamland Foundation, Lagos, Nigeria; $30,000 to University of Port Harcourt and $30,000 to Crescent University, Abeokuta, Nigeria.
The foundation has helped in the construction various hostel complexes of many universities. In March 2014, Dangote reportedly planned to donate $1.2 billion to The Dangote Foundation from his personal cash reserves and also through the transfer of shares of his listed companies into the foundation, which he founded in 1994 to support initiatives in education, health and youth empowerment in Nigeria. A statement issued by the Dangote Group in July 2014 revealed that Dangote has donated $185 million over the past two years. Following the August 2014 Ebola outbreak, the Dangote Foundation donated around $924,000 towards containment and relief efforts in Nigeria. In December 2014, Dangote Foundation reportedly announced partnership with Kenyan politician Margaret Wambui Kenyatta’s ‘Beyond Zero’ campaign which aims to improve maternal and child health outcomes in Kenya. The foundation also donated a fully-equipped mobile clinic in Kwale County, Kenya. In March 2015, Dangote Foundation made a scholarship donation of $100,250 to James Hope College in Agbor, Nigeria, which covers selected indigent students’ school fees throughout their secondary school years. In May 2015, the Dangote Foundation pledged more than $4 million in the fight against the Ebola virus in Africa. In June 2015, Dangote Foundation donated $1 million to the quake-affected Federal Democratic Republic of Nepal, to support emergency efforts in providing relief to quake victims.
In October 2015, the Dangote Foundation donated $249,485 to the One Billion Naira Insurgency Appeal Fund, a fund sponsored by Adamawa, Nigeria-based American University in Nigeria and its partner organization the Adamawa Peace Initiative to rehabilitate individuals displaced by the Boko Haram, an extremist group. In January 2016, Dangote along with William Gates, Co-Founder and Co-Chairman of nonprofit organization the Bill & Melinda Gates Foundation, pledged to donate $100 million to help eradicate malnutrition in Nigeria. In February 2016, the Dangote Foundation and the Bill & Melinda Gates Foundation pledged to donate $42 million towards healthcare programs to eradicate polio in Nigeria by 2018. In April 2016, Dangote pledged to donate $10 million as relief towards families affected by the rebellion of the Islamic state group Boko Haram in Nigeria.