#75

Aliko Dangote

$31.6B

ng

Passive income at 5% annual return

Since you arrived

$0.00

Per second

$50.00

Per minute

$3,006

Per hour

$180,389

Per day

$4,329,344

Wealth in context

Median US salary
19.8 minutes($59,384)
Average US home price
2.3 hours($420,800)
Teacher's annual salary (US avg)
23.1 minutes($69,544)

Time to earn each amount through passive income at 5% annual return on $31.6B net worth.

Biography

Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer.

He owns 85% of publicly-traded Dangote Cement through a holding company.

Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa.

After many years in development, Dangote's fertilizer plant in Nigeria began operations in March 2022.

Dangote Refinery, which began construction in 2016, began its refining operations in early 2024.

About

Dangote's grandfather was a successful trader of rice and oats in Kano, Nigeria's second largest city.

Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits.

Details

Gender: m
Citizenship: ng
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