How Aliko Dangote Became The Richest Man In Africa

If you want to know more about how Aliko Dangote became the richest man in Africa, then you are reading the right post.

Aliko Dangote
Aliko Dangote

Here, we are going to look at the lives of a few of the richest men in Africa, their biographies, and net worths.

We are also going to look at their assets and awards.

Now, let us explore these richest men in Africa.

So, Who exactly is the richest man in Africa?

Don’t know?

Of course we all do.

The richest man in Africa is the famous Aliko Dangote.

He has been in this position for close to a decade now.

So let us explore the life of this business tycoon called Aliko Dangote, before moving on to other rich men here in Africa.

Who is Aliko Dangote?

Aliko Dangote is a business tycoon, entrepreneur and philanthropist.

He was born on the 10th of April 1957.

Dangote is actually a Muslim, and he is from Kano State, Nigeria.

He is a grandson of the famous Alhaji Alhassan Dantata.

Dantata was the richest man in all of West Africa during his time.

Dangote is married, and he has children.

Three daughters and a single son.

How Aliko Dangote’s Education Started?

Aliko Dangote attended the Sheikh Ali Kumasi Madrasa.

After that, he joined the Capital High School in Kano State.

At the completion of his High school education, Dangote joined the Government College in Birnin Kudu and graduated in 1978.

After college, he gained admission to the Al-Azhar University in Cairo, Egypt.

At the University, Aliko gained a Bachelor’s degree in Business Studies and Administration.

How Aliko Dangote Started his Business Career in 1977?

Dangote started business with the company ‘Dangote Group’.

He established this company in 1977, and it focused on diverse fields.

He actually started this company as a small company, but later expanded it after their relocation to Lagos state.

Dangote Group is one of the biggest companies in all of Africa today.

They are into the manufacturing of Cement, food products, and many other consumer products.

Today, this company has numerous branches and headquarters in different countries across Africa.

The Dangote Group has the biggest sugar refinery in Africa today, and one of the biggest in the world at large.

He rules the sugar market in Africa, and he is a major supplier to different companies who make products like snacks, beverages, and more.

Today, Dangote has gained so much wealth from his company, and he is the richest man in Africa as we speak.

Want to see Dangote’s Awards And Recognitions?

As a successful businessman, Aliko Dangote has won so many awards and recognitions for himself.

Some of them are listed below.


Back in 2014, Dangote was announced as the Forbes Magazine’s African Person of the year.

He was also listed as one of the most influential persons in the world by the famous Times Magazine.

Still the same year, he was later listed as one of the top 25 businessmen in the world.


In 2015, Dangote was announced by Bloomberg Market to be one of the most influential people in the world.

He also won the prestigious Guardian Man of the Year Award.


In 2016, Aliko Dangote won the African Business Leader of the year award which was actually hosted by the Africa-America Institute.

Aside from these awards, Dangote has also won several high honours.

While Goodluck Ebele Jonathan was still president of Nigeria, he honored Aliko Dangote as the Grand Commander of the Order of the Niger.

This is one of the most prestigious honours in Nigeria.

It is often shortened as GCON.

Dangote’s Cars, Mansions, and Assets

Being a very successful businessman, we can all imagine how comfortable Dangote lives.

Dangote owns a huge mansion in Abuja.

This mansion is worth a whopping $30Million.

It is said that he currently lives there with his wife and children.

He also owns a huge mansion in Banana Island, Lagos State.

We all know that Banana Island is a place filled with famous Nigerian Celebrities.

Dangote has received numerous celebrity visitors in his Banana Island mansion.

One of such visitors was the P-Square music group.

They both once visited the African billionaire, and this trended for a while online.

List of Aliko Dangote’s Cars

Some of the major cars owned by Dangote are.

  • A Maybach 57s Knight Luxury
  • A Bugatti Veyron
  • A Bentley Mulsanne
  • A Mercedes-Benz CL65 AMG
  • And many other luxury rides…

These cars are all very expensive, and they can not be afforded by even some rich people.

Aside from the wonderful rides, Dangote also has a private jet.

This is a Bombardier Global Express XRS jet that costs a whopping $45 Million dollars.

We can see that Dangote is a complete Billionaire.

What is Dangote’s Net Worth?

As of 2020, Dangote is estimated to worth $9.8 Billion, making him the richest man in Africa as a whole today.

So, I hope you’ve known more about the life of the richest man in Africa.

He is a Nigerian, and he is well respected all over the world for his creativity in the business world.

Now, as promised, let us go through other richest men here in Africa.

5 Men That Make it to The African Richest List

1. Nassef Sawiris

Nassef Sawiris is an Egyptian businessman who was born in 1961.

He is the youngest of the Sawiris.

He is currently the richest man in Egypt, and one of the richest men in Africa as a whole.


As a kid, Nassef had his secondary education at the Deutsche Evangelische Oberschule Kairo.

After his secondary education, he gained admission to the University of Chicago.

That was where he received his Bachelor’s degree in Economics.

Business Career

Nassef Sawiris had held several major positions in different companies even before 1982.

In 1982, he joined the Orascom Group.

While at the Orascom group, he used to handle construction activities.

He actually became the Chief Executive Officer of this company after it was incorporated.

Their incorporation took place back in 1998.

He has also served as a board member for Besix after OCI SAE acquired 50% of the company stakes in 2004.

He has been a board member for several companies and organizations like the Cairo and Alexandria Stock Exchange (2004-2007), and also the Dubai International Financial Exchange in 2008.

Over the years, Sawiris has continued to grow high in the business world.

Today, he is safely one of the richest persons in Africa.

Awards And Recognitions

Just like other world-class businessmen, Nassef has won several recognitions, honors, and awards for his achievements in the business world.

He has been announced as the Richest man in Egypt several times on the Forbes Magazine list, and he has also received honors from different nations of the world.

Cars, Mansion, and Assets

The cars owned by Nassef are not really known to the public.

However, he has been spotted once with a black Audi Q5.

He also has his own private Yacht that worths millions of dollars.

We believe he has a lot of luxury cars in his garage.

Nassef Sawiris has a mansion in New York City, and other houses in Egypt and other parts of the world.

His New York mansion is worth a whopping $70 Million.

He is also said to have a private jet which he uses for business trips.

Net worth

Nassef Sawiris is currently worth a whopping $7.8 Billion.

This makes him one of the richest men in the world today.

2. Mike Adenuga


Mike Adenuga is a Nigerian business tycoon and one of the richest men in Africa.

He was born on the 29th of April 1953.

Today, he is the owner of Globacom.

This is the second largest telecommunications company in Nigeria.

Mike was actually born to the family of Mr. Michael Agbolade Adenuga Snr, and Mrs. Omoba Julian Oyindamola Adenuga.

His father was a school tutor, while his mother was a businesswomen.


Mike Adenuga attended the Ibadan Grammar School.

This was where he had part of his secondary education, before moving to Comprehensive High School in Aiyetoro where he had his HSC (Higher School Certificate).

After graduation from college, he started the transport business as a taxi driver.

He actually did this to help fund his education to the higher institution.

Mike later graduated from Northwestern Oklahoma State University, and later, Pace University in New York.

He had degrees in Business Administration from these Universities.

Business Career

Mike Adenuga started business early in life.

At just 26, he had already made his first million from business.

He made this money from the sales of soft drinks.

In 1990, Mike received a drilling license.

Just a year later, his company ‘Consolidated Oil’ discovered oil in the shallow waters of Ondo State.

This was the first time an indigenous company actually drilled oil in commercial quantity.

A few years later in 1999, Mike Adenuga was given a GSM license which was later revoked.

However, he received a second license when the government held an auction in 2003.

After he started Globacom, it was quickly accepted by the masses, and it is used almost everywhere in the nation today.

They are the second largest telecom company in Nigeria today.

They actually launched their services in Benin back in 2008, and they have continued to spread since then.

Today, they have presence in some African countries also.

Awards And Recognitions

In 2007, Mike Adenuga was announced as the African Entrepreneur of the Year.

This award was given to him at the first African Telecoms Awards Ceremony.

In 2012, he was given the award of honor as the Grand Commander of the Order of the Niger.

This was given to him by the Nigerian government.

Recently in 2018, he was honored as the Commander of the Legion of Honour.

This award was given to him by the president of France ‘Emmanuel Macron’.

He has also won several other awards and honors both locally and internationally.

Cars, Mansions & Assets

Just like every rich businessman, Mike Adenuga has a lot of cars, Mansions, and several investments.

He is a lover of luxury cars.

Some of these cars include;

  • An Armored Bentley Mulsanne
  • A Mercedes Benz AMG C63
  • A Rolls Royce Phantom
  • A Mercedes Benz Maybach S-Class

And many more.

Just the four cars mentioned here have a collective worth of about $1 Million dollars.

Aside from the cars, Mike also has a number of Mansions spread across the globe.

He owns a mansion in Banana Island.

This mansion is said to be worth over $20 Million dollars.

Net Worth

As of 2020, Mike Adenuga is estimated to worth a whopping $7.7 Billion dollars.

3. Nicky Oppenheimer


Nicky Oppenheimer is a South African Billionaire who was born on the 8th of June 1945.

He used to be the chairman of De Beers, and also the deputy chairman of Anglo American.


Nicky Oppenheimer attended the Harrow School and Oxford, and he studied Philosophy, Politics and Economics.

He has an Oxford MA.

Business Career

Oppenheimer first joined Anglo American back in 1968.

He was later appointed as a director in 1974.

Some years later in 1983, he was made the Deputy Chairman of the company.

He resigned from Anglo American in 2001 but remained a non-executive director of the company.

He stayed in this position until 2011.

Nicky was chosen as the chairman of the Central Selling Organisation.

This company is now Diamond Trading Company.

He is also the deputy chairman of De Beers Consolidated Mines.

Just about a year after his appointment in the company, he became the chairman of De Beers in 1985.

He later retired when his family stake was sold to the Anglo American

Through the years, Nicky Oppenheimer has been listed on Sunday Times as the 23rd richest person in the United Kingdom, with a net worth of $5.5 Billion then.

He has also ranked as the richest person in South Africa on Forbes list.

Awards & Recognitions

Being a very creative businessman, Nicky Oppenheimer has bagged so many awards.

In 2003, Technikon Witwatersrand Awarded him with an honorary doctorate.

The next year, he received the presidential order of honour in Botswana.

This award was given to him by the ex-president of Botswana Fesfus Mogae.

In 2009, he was honored as a member of the honorary fellowship of the London Business School.

Cars, Mansions and  Assets

Nicky Oppenheimer owns several world-class cars in his garage.

He owns a Mercedes Benz McLaren, and also a BMW i3 EV (Electric Car).

Aside from these cars, he also has a few others that are not actually known.

Nicky lives in his mansion in the United Kingdom.

This mansion is said to be worth millions of dollars, but we do not know the exact amount.

Net Worth

Nicky Oppenheimer is currently worth $7.6 Million.

This makes him one of the richest men in Africa.

4. Johann Rupert


Johann Rupert is a South African Entrepreneur who is the first child of the famous South African business tycoon called Anton Rupert.

He was born on the 1sf of June 1950.

Today, Johann is the Chairman of Richemont and the South African company called Remgro.

In 2010,he became the ceo of Compagnie Financiere Richemont.

He and his family were said to be collectively worth $5.7 Billion back in 2019.

Today, they clock way higher than that.


Johann Rupert actually grew up in Stellenbosch.

This was where he attended the Paul Roos Gymnasium, and the University of Stellenbosch.

He was actually studying Economics and Company Law.

After a while back in the university, he dropped out to focus on his business career.

In 2004, the University awarded him an honorary doctorate in Economics.

In 2008, he was again honored with an honorary doctorate in Commerce by the Nelson Mandela Metropolitan University.

Business Career

Johan Rupert first served in business in the City of New York.

In New York, he worked under Chase Manhattan for two whole years and then later joined the Lazard Freres where he spent another three years.

When he returned to South Africa from the US, he established the Rand Merchant Bank, and he was the CEO.

Ever since Johann Rupert has continued to grow higher in the business world.

Today, he is one of the richest men in Africa.

Awards & Recognition

The same year that Johann Rupert was appointed as the Vice-Chairman of Rembrand Group, he won the Award for the Businessman of the Year.

This award was hosted by the Sunday Times.

In 1990, he was named the Business Leader of the Year.

This was given to him by the Cape Town Chamber of Commerce, and the Die Burger Newspaper company.

Cars, Mansions & Assets

Johann Rupert is a die-hard car lover.

He often drives a Ferrari Lusso GT, and he also owns a Porsche Cayenne.

He even owns his own private vintage car museum.

This is filled with close to 200 vintage cars.


Johann Rupert also has a number of Mansions across the globe.

He owns a big mansion in Cape Town, South Africa.

This mansion is said to be worth over €2 Million Euros.

Johan Rupert’s Net Worth

As at 2020, Johan Rupert is said to be worth a mind-blowing sum of $7.3 Billion dollars.

He is one of the richest men in South Africa, and Africa as a whole.

Bottom Line

From this list, you can now see who the richest man in Africa is.

He is a Nigerian, and he has been in that position for close to a decade now.

Aside from Aliko Dangote, this list also contains four other African billionaires who are all making the continent proud with their innovations.

Make sure you drop your comments below…

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