Fortune: inherited and growing
Source: sugar, flour, cement manufacturing
Net Worth: $3.3 bil
Country Of Citizenship: Nigeria Residence: Lagos , Nigeria,
Middle East & AfricaIndustry:
DiversifiedMarital Status:
Education:
Nigeria's first billionaire hit the jackpot when his sugar-production company listed on the Nigerian stock exchange last year. Meanwhile, proposed initial public offerings of his flour and cement companies have stalled. Began career as trader at 21 with loan from his uncle; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, haulage and oil and gas. Closely linked to Nigeria's former president Olusegun Obasanjo.
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