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Big Players Entrepreneurship

Business Fun-Facts About Aliko Dangote

  • Aliko Dangote started the Dangote Group at the age of 21 immediately after studying Business in the University of Cairo, Egypt.
  • Dangote’s First capital investment for business was $3000 he borrowed from his uncle.
  • He launched the Dangote Group in 1977. He started with cements and expanded into textiles, Banking, sugar, salt, Oil and technology. 
  • According to Forbes Dangote’s current Net Worth is US$8.1 billion. 
  • For 10 years Dangote have maintained the position of Africa’s richest man
  • Dangote reinvests his profit back into his businesses.
  • Dangote’s great grandfather was the richest man in west Africa at the time of his death. That goes to explain that entrepreneurship might run in his family linage. When he was young, he bought sweets, give them to others to sell and he kept the profits.
  • His business interests and investments encompass many industries, including oil and gas, consumer goods, manufacturing, and technology.
  • He lost over $7.8 billion in 2014 as a result of naira devaluation.
  • Aliko Dangote turned a local Commodities trading business into a multimillion-dollar corporation.
  • According to a lecture given by Dangote in Lagos Business School, he starts work days around 5AM. To him, that is the time he is most productive and gets a lot done, including a 6AM haircut if needed.
  • He loves to exercise. Dangote manages to squeeze time despite his busy schedule. “Exercise is better than any medicine I can take’’. Exercise and sleep”. He says.
  • It is a popular view that every man needs roughly 6-8 hours of sleep a day, but Dangote says he only needs 4 to 5 hours a day.
  • For fun, Dangote enjoys to drive himself around, chat with friends and exercise.
  • It took him 30 years to build a conglomerate and emerged the richest black man in the world in 2008 it didn’t happen overnight.

Aliko Dangote represent what African businessman should be. He is at example for us growing entrepreneurs across the continent. Start small, identify and take advantage of opportunities. Do not be discouraged by the challenges and hurdles. Do you, and give generously to help others make progress.

  • Dangote’s First capital investment for business was $3000 he borrowed from his uncle.
  • He launched the Dangote Group in 1977. He started with cements and expanded into textiles, Banking, sugar, salt, Oil and technology. 
  • According to Forbes Dangote’s current Net Worth is US$8.1 billion. 
  • For 10 years Dangote have maintained the position of Africa’s richest man
  • Dangote reinvests his profit back into his businesses.
  • Dangote’s great grandfather was the richest man in west Africa at the time of his death. That goes to explain that entrepreneurship might run in his family linage. When he was young, he bought sweets, give them to others to sell and he kept the profits.
  • His business interests and investments encompass many industries, including oil and gas, consumer goods, manufacturing, and technology.
  • He lost over $7.8 billion in 2014 as a result of naira devaluation.
  • Aliko Dangote turned a local Commodities trading business into a multimillion-dollar corporation.
  • According to a lecture given by Dangote in Lagos Business School, he starts work days around 5AM. To him, that is the time he is most productive and gets a lot done, including a 6AM haircut if needed.
  • He loves to exercise. Dangote manages to squeeze time despite his busy schedule. “Exercise is better than any medicine I can take’’. Exercise and sleep”. He says.
  • It is a popular view that every man needs roughly 6-8 hours of sleep a day, but Dangote says he only needs 4 to 5 hours a day.
  • For fun, Dangote enjoys to drive himself around, chat with friends and exercise.
  • It took him 30 years to build a conglomerate and emerged the richest black man in the world in 2008 it didn’t happen overnight.

Aliko Dangote represent what African businessman should be. He is at example for us growing entrepreneurs across the continent. Start small, identify and take advantage of opportunities. Do not be discouraged by the challenges and hurdles. Do you, and give generously to help others make progress.

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