Broker Check

Net Worth: $10.9 Billion

Location: Nigeria

Although he originally started ‘The Dangote Group’ in 1977 to trade commodities, Aliko Dangote has amassed the majority of his fortune in the sugar, flour, and cement industries. In fact, he has the largest industrial conglomerate in West Africa. His Group includes Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.

In Nigeria today, Dangote Group with its dominance in the sugar market and refinery business is the main supplier (70 percent of the market) to the country's soft drinks companies, breweries and confectioners. It is the largest refinery in Africa and the third largest in the world. If all this wasn’t enough, in recent years, he has also begun efforts to open a private oil refinery to reduce Nigeria’s dependence on oil imports.