Tag: Aliko Ɗangote

Ɗangote set to donate one-third of his $35.1bn fortune to charity

Aminu Imam
Dangote set to donate

Africa’s richest man, Aliko Ɗangote, plans to donate one-third of his fortune to charitable causes as part of his succession plan, according to his daughter, Halima Ɗangote. Speaking in an interview with Bloomberg, Halima, who serves as a trustee of the Aliko Ɗangote Foundation, revealed that the billionaire has already secured his family’s approval to dedicate 33 percent of his estate to philanthropy. With Ɗangote’s net worth currently estimated at $35.1 billion by the Bloomberg Billionaires Index, the planned donation would be worth about $11.7 billion. Halima explained that philanthropy…

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“My actual wealth may exceed $38bn estimate” – Ɗangote 

Aminu Imam
Dangote on his wealth

Africa’s richest man, Aliko Ɗangote, has suggested that his actual wealth may be significantly higher than estimates by global wealth trackers, citing the fact that many of his major business interests are not publicly listed. Ɗangote made the remarks during a street interview with James Dumoulin, of School of Hard Knocks, where he discussed his business empire, personal wealth and legacy. Responding to a question about the highest amount of money he had made in a year, the billionaire industrialist said his companies generated approximately $10 billion in the first…

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“Kano, not Lagos, built foundations of Ɗangote, Rabiu’s success” – Emir Sanusi

Aminu Imam
Emir Sanusi on Dangote

Emir of Kano, Muhammadu Sanusi II, has challenged recent remarks by Vice-President Kashim Shettima, insisting that Kano, not Lagos, nurtured the business foundations of Africa’s richest man, Aliko Ɗangote, and billionaire industrialist AbdulSamad Rabiu. Sanusi made the remarks while addressing members of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), where he underscored Kano’s long-standing reputation as a commercial hub and a cradle of entrepreneurial success. According to the Emir, both Ɗangote and Rabiu emerged from Kano’s deep-rooted trading tradition before expanding their business empires across Nigeria and…

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