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Thursday, April 2, 2015

Aliko Dangote: great hope survives amidst obstacles

Aliko Dangote, photo World Economic Forum
Aliko Dangote, the world's richest black man, believes in God, risk-taking, infrastructure building, and job creation among youth. Dangote has built a multi-billion dollar conglomerate on the backs of cement, petro-chemicals, and power generators - all things sub-Saharan Africa needs.

Nigerian-born Dangote, 57, is featured in the May 10, 2015 issue of Forbes magazine which highlights "Billionaires" from around the world. Head of the Dangote Group, his personal wealth is estimated at between $17.2 and $21.6 billion USD.

Recently chairing the World Economic Summit in Davos, Switzerland, Dangote sat down for an interview in January 2015. "One has to have confidence in African markets," he said.

On February 24, AllAfrica reported, "Aliko Dangote, Africa's richest man, is the biggest loser among Nigeria's richest people as the Naira's slump, coupled with falling stock prices, have erased more than $7.8 billion of his fortune since February, when FORBES locked in the values for its annual ranking of the world's billionaires. Dangote was worth $25 billion at the time; but at the close of market last Tuesday, his networth had dropped to $17.2 billion." 

Even at that, Dangote is still the richest black man in the world!

See an interview with Dangote at:

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