- ALIKO DANGOTE
Aliko Dangote is not only Africa’s richest man but the wealthiest black man in the world. The story of how he started his company from scratch will always inspire many entrepreneurs. He borrowed $3,000 from his uncle shortly after receiving his college degree at 21 to import and sell food products in Nigeria.
He was successful and able to pay back the debt in full within three months of operations. But Dangote did not just settle for selling local commodities; he had his eyes set on something bigger – building a global corporation, and he has carried on to become one of the greatest African success stories of today’s generation.
Dangote’s 86 percent ownership of Dangote Cement, worth $8.64 billion, contributed significantly to his riches. His expanding wealth is also due to his $5 billion fertilizer factory, which can generate up to 2.8 million metric tonnes of urea yearly.
He currently has a net worth of $13.5 billion.
