4. Achievement
He is known as the
wealthiest entrepreneur in
the whole of Africa and has
a Net Worth of $16.1 Billion
as of March 2013–though
not the richest in Africa or
Nigeria. He made his well
earned money over a period
it took him 30 years through
hard work, family and
determination to achieve
what he has today.
5. Sources Of Wealth
S Cement
Manufacturing:
Used in the construction
of
roads, houses, factories,
artificial dams, etc.
6. Sources Of Wealth cont.
S Food Processing: Produces
quality goods at affordable prices
and has been supplying to all
african countries for over 10
decades.
8. Sources Of Wealth cont.
S Sugar Refinery: refining raw sugar into white refined
sugar and supplying it to most countries in Africa.
9. Early Life And Growth
S
Aliko Dangote was born in the nothern Nigeria state of Kano on April
10th 1957 into a wealthy Muslim family.
S
He obtained his undergraduate degree after attended the Al Azhar
University in Cairo (Egypt) in Bsc International Business.
S
Later returned back to Nigeria to work with his uncle Sanusi
Abdulkadir Dantata, who gave him a loan of ₦500,000 when he was
21 years of age .
S
His mother was the granddaughter of a legendary hausa
businessman, Alhassan Dantata, and his father, Mohammed
Dangote, was Dantata‟s business associate.
S
His small trading firm was founded in 1977 and now a multi trillion
naira conglomerate with operations in Togo, Ghana and so many other
10. Businesses And Philosophies
S “Manufacture; Don‟t just trade.” He started as a trader of
commodities; gathering business confidence and experience.
He openly said that his greatest business moves was moving
from a trader to a manufacturer.
S Build a Brand and don‟t destroy it – One of his competitive
advantage was when he ventured into manufacturing „Dangote‟
products.
S Sell cheap but dream big – He built a conglomerate and
emerged the richest black man in the world in 2008 and has
been for three years running
