After months of extensive research and analysis we present to you the first definitive list of Nigeria’s Richest People. This is a list of 11 richest men (no woman made the list) in the country who made their wealth through a variety of industries and sectors.

Methodology: The list focused on citizens of Nigeria, We excluded family fortunes. We also did not include former past military rulers whose true wealth is almost always linked to their activities while in government. Likewise persons whose wealth cannot be ascertained without reference to their political career are not included in this list.

1. Aliko Dangote:

Networth: $13.6 billion
Age: 55
Source: Sugar, Flour, Cement

Alhaji Aliko Dangote (born April 10, 1957) is the Chairman of Dangote Group, a conglomerate with interests in sugar, cement manufactruing, food processing and freight. Dangote Group is easily the major supplier of sugar to soft drink companies, breweries, and confectioners in Nigeria and several parts of West Africa. Dangote Group was originally founded in 1977 as a small trading company but under Mr Dangote’s watch has grown into a multi-trillion naira company spanning countries like Benin, Togo and Ghana.

Mr Dangote is Nigeria’s wealthiest stockholder with an investment networth of $12.1 billion which comes mostly from Dangote Cement ($11.5 billion or N1.76 trillion), Dangote Sugar ($574.8 million or N87.95 billion).

Dangote is a political saavy businessman and knows how to make friends with influential politicians. This has invariably helped in his rise in the business world. He was a major financier of former President olusegun Obasanjo’s reelection campaign in 2003, to which he contributed over N200 million (US$2M) and also donated N50 million (about (US$0.5M) to the National Mosque under the aegis of “Friends of Obasanjo and Atiku”. His controversial gifts to the members of the ruling Peoples Democratic Party included another N200 million to the Obasanjo Presidential library project initiated by the former president.

Aliko Dangote has also in the past been linked with Arsenal Football club, a club he confesses to love as a fan. He was rumored to be interested in buying a 16% stake in the London based football club though nothing has come of that rumour.

From all indications it appears Dangote will be staying on this list for some time to come as he is currently building cement plants across Africa in countries like Zambia, Tanzania, Congo and Ethiopa and building cement terminals in Sierra Leone. His Dangote conglomerate is aggressively embarking on an expansion drive to become a major, if not a dominant player in the African cement and sugar markets.

Alhaji Dangote surely does not deny himself some of the pleasures of being Africa’s and Nigeria’s richest man. He recently bought a $45 million Bombardier aircraft for his personal use.....

Full List and Analysis: http://nairabrains.com/2012/04/exclusive-list-of-11-richest-nigerians-in-2011-their-net-worth-how-they-got-rich/

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