The World's Billionaires
#463 Aliko Dangote
03.10.10, 06:00 PM EST

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PIUS UTOMI EKPEI/AFP/Getty Images
Net Worth: $2.1 bil
Fortune: Inherited and Growing
Source: sugar, flour, cement
Age: 52
Country Of Citizenship: Nigeria
Residence: Lagos
Education: NA
Marital Status: Married, 2 children
Commodities keeping Dangote afloat despite Nigeria's financial meltdown. Stocks of his sugar and flour companies are both up in the past year. Meanwhile, stake in Benue Cement has doubled, helped by demand from China. Dangote now expanding cement operations in Senegal and Zambia. Overcame negative reports about debts owned to banks and share price fixing allegations to become the newly installed President of the Nigerian Stock Exchange last August. Settled row with businessman Femi Otedola, who fell off the billionaires list this year. Dangote began career as trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas.


http://www.forbes.com/lists/2010/10/billionaires-2010_Aliko-Dangote_64RI.html

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