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Aliko Dangote: from a $3000 loan to a billion-dollar empire 🚀
Aliko Dangote. For many years, he has been the richest man in Africa. One of the wealthiest black entrepreneurs in the world. His story seems almost unbelievable. 🌍
He was born on April 20, 1957, in Kano, Nigeria. The family was well-off. Trading was not a foreign world for him since childhood. At 21, he borrowed $3000 from his uncle. A small amount, right? But it was enough. He started with the import of basic goods - sugar, salt, grain. Business went well. Very quickly. 💼
1981 - the birth of Dangote Group. Over time, it grew into the largest trading conglomerate in West Africa. An interesting twist happened at the end of the 90s. Dangote decided to switch from imports to his own production. It seemed risky, but it worked out excellently. 🏭
By the year 2000, Dangote Cement was already leading among African cement producers. The entire construction sector of the continent changed. Forbes named him the richest in Africa in 2010. And he held this title for 13 consecutive years!
By 2021, the plant in Lagos was completed. It is now the largest oil refinery in Africa and the third largest in the world.
According to 2025 data, Dangote has about $23.9 billion. He is the leader among the richest black people on the planet. Following him are David Stewart with $11.4 billion and Robert F. Smith - $10.8 billion. Impressive, isn't it? 💰
But the picture is changing. In the US, Alexander Karp from Palantir Technologies is currently in the lead with $14.3 billion. Forbes counted 23 black billionaires in the world with a total net worth of $96.2 billion. A lot of money, what can I say. 🌕
The influence of Dangote on the economy of Nigeria and all of Africa? Huge. Just colossal. To build such an empire from $3000? It's not just luck. It seems to be a special gift of foresight and some incredible business intuition. 👑