March 12, 2008

Meet Africa's first Black Billionaire

Writing about web page http://www.forbes.com/lists/2008/10/billionaires08_Aliko-Dangote_64RI.html

Aliko Dnagote

His name is Aliko Dangote, and yes he is a born and breed Nigerian industrialist whose net worth according to Forbes is an estimated $3.3bn which stemmed from seed capital borrowed from his uncle.

And no, he is not a corrupted government official or former head of state; he is a pure capitalist business man that slowly built his empire over 25 years.

His name again.....Aliko Dangote

His empire includes the number one sugar production company in Nigeria & West Africa, a cement factory, refineries, real estate, petroleum distribution, agriculture and food production that includes a virtual monopoly on the production of pasta in Nigeria.

His was ranked #334 in Forbes World's Billionaires list.

I think the Dangote Group corporate website is in need of a major overhaul, and should consult me if they any help sorting them out ;)

Another black African billionaire... 

Note that another black African by the name of Patrice Motsepe also made Forbe's list at #503 with an estimated net worth of $2.4bn. He is a self made South African Mining magnate and has a very impressive profile.


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