Inspiration: World’s Richest Black Man, A. Dangote Midas Touch [Rise To Wisdom]

Published 6 years ago by: franel
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at 1-01-2014 09:07AM (6 years ago)

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«§» 1 January 2014

I wish you all a H.A.P.P.Y. N.E.W. Y.E.A.R. i.e.:
Hours Of Happy Times With Friends And Family
Abundant Time For Relaxation
Plenty Of Love When You Need It The Most
Youthful Excitement At Life's Simple Pleasures

Nights Of Restful Slumber
Everything You Need
Wishing You Love And Light

Years And Years Of Good Health
Enjoyment And Mirth
Angels To Watch Over You
Remembrances Of A Happy Years!

This is an inspiring story of how Aliko Dangote, a man from the third world rose from a humble beginning to become not only the richest black man in the world but also the richest black person in the world. Don't ever give up even when it seems impossible though, something will always pull you through. The hardest times get even worse when you lose hope. As long as you believe you can do it, You CAN! But When you give up, YOU LOSE!

World’s Richest Black Man, Aliko Dangote With A Midas Touch

He controls over 60% of Nigeria’s sugar market and over 42% of the country’s cement market. I am talking of a country with over 150 million citizens. I bring to you, Aliko Dangote; the richest black man in the world.

Aliko Dangote is a business magnate, whose business acumen and aggressiveness send fear into the mind of competitors. He is the richest man in Africa, the richest man in Nigeria and the richest black person in the world. This humble billionaire currently sits atop one of Africa’s largest conglomerate, the Dangote Group.

On the 9th of March 2011, Forbes magazine declared Aliko Dangote the richest black person in the world with a net worth of $13.8billion. It’s also worthwhile you know that Dangote is the 43rd richest man in the world as at 9th March 2011. But this was not so 25 years ago. Alhaji  Aliko Dangote’s business empire is estimated at a net worth of $20.8 billion as of November 2013

Born on April 10, 1957 in Kano, state Nigeria, to the family of Muhammad Dangote and Hajiya Mariya Sanusi Dantata. He had his primary and secondary education in Kano before he proceeded to Alazahar University, Cairo, Egypt to obtain a degree. If not for the degree, he would probably have been on my list of the »»richest school drop out billionaires in the world.««

It was while working under his uncle, Sani Dantata at age 21 that he found his passion and began developing his business skills. In an atmosphere of difficulty, when others would have given up, he took the risk by getting a lot a loan of N500,000 (approximately $3,500 today and $323,500 then) from his uncle in 1977 to start his own business. Aliko Dangote ignored all the heavy consequences attached to it as he's known for taking great risks in a highly risky environment, he was also given a deadline of three years to repay the loan but he repaid the loan in three months.

Aliko Dangote started business by trading in commodities such as sugar, rice, salt, pasta, cotton, millet, vegetable oil, cocoa and textile. In the course of running his business, he developed strong business ethics and principles. One of Aliko Dangote’s business strategies for succeeding in the commodity market was to develop a strong distribution network and make the delivery of his goods faster than that of his competitors.

After gaining a strong hold on the commodities market, Aliko Dangote ventured into manufacturing and producing the same commodities he was importing. In an interview granted to a journalist by this billionaire, he stated that leaping from importation to manufacturing was his greatest business move.


Since he moved into manufacturing, Aliko Dangote has never looked back. His company (Dangote Group) controls over 13 other companies with most of them acquired through strategic mergers and acquisitions. In celebration of his 50th birthday anniversary in 2007, he commissioned a one billion dollar factory (Obajana Cement Factory), which happens to be the largest cement factory in Africa.

Today, his group is made up of:

  • Dangote Sugar Refinery (one of the most capitalized stocks on the Nigerian stock exchange),
  • Dangote Flour Mills (sold majority of his shares to Tiger Brands)
  • Dangote sacks
  • Dansa Foods
  • Dangote transport
  • Obajana Cement (Africa’s largest cement factory)
  • National Salt Company Of Nigeria (NASCON)
  • Benue Cement Company Plc
  • the Bachita Sugar Company
  • Dangote Cement
  • Blue Star Shipping
  • Blue Star Investment and so on.
  • He's building a $2 billion (approx. N300 billion) fertilizer plant in Edo, the biggest in Africa
  • Just recently, he boosted his philanthropic activities with the launch of his foundation (Dangote Foundation).

Apart from his business acumen, he is also a philanthropist who has collaborated with American billionaire, Bill Gates Foundation to invest the provision of health especially the eradication of polio in Africa and other parts of the world where the disease is still prevalent.

Dangote is respected in the business circle for his ability to buy and revive moribund companies. He is also known for his strong belief. He strongly believes in Nigeria and he proved it by investing 100% in Nigeria. To him, Nigeria is the best place to invest your money and I think I agree with that.

-Before You Say I Can't, Make Sure You've Tried.
-Before You Let Doubts Stop You, Confront Them With Facts.
-Before Fear Holds You Back, Go Forward With Faith.
-Before You Believe Others Are Better, Show Them What A Winner You Are.
-Before You Dismiss Your Dreams, Wait Until They've Come True.
-Before You Go Looking For Happiness, Make Your Own Wherever You Are...!

Let's talk .........

franel at 2-01-2014 10:25AM (6 years ago)
(9960 | Hero) (m)

Lessons I Learned from Aliko Dangote: The Richest Black Man in the World

Determination and Passion
Aliko Dangote is known for being a man of determination. Anything he dreams, he set out to achieve. Just as he says “Passion is what drives me forward. Passion is what makes me go to bed at 2am and wake up at 6am.” For you to build a successful business, you must passionate about building a business. Passion will help you endure the challenges of the entrepreneurial process; without passion, forget about building a business.
He said, "I can remember when I was in primary school, I would go and buy cartons of sweets [sugar boxes] and I would start selling them just to make money. I was so interested in business, even at that time."
“The height attained by great men is not by sudden flight. For while their companions lay asleep, these men were toiling in the night.” – Anonymous

franel at 2-01-2014 11:07AM (6 years ago)
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The power of a life purpose
Another lesson to pick from Aliko Dangote is the power of a life purpose. Aliko Dangote has a strong life purpose and I will quote exactly what he said in an interview he granted:

“After my death, I want to be remembered as Africa’s greatest industrialist.” – Dangote

This statement propelled me to also ask myself the question;

“What will I be remembered for after I exit this world?

Now answer to the question above is what a life purpose is. To me, your life purpose is simply what you will be remembered for after your death and then, the spiritual realm - your destination after the physical death.

franel at 20-01-2014 03:40AM (6 years ago)
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sucre4u at 20-01-2014 12:59PM (6 years ago)
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sugarbaby2392 at 21-01-2014 05:58AM (6 years ago)
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 Wink Wink Wink Wink Wink Wink Wink
aso4life1 at 21-01-2014 06:15AM (6 years ago)
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Good morning to you too

Solidstonez at 21-01-2014 06:19AM (6 years ago)
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cruzing at 21-01-2014 06:36AM (6 years ago)
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winace at 21-01-2014 07:08AM (6 years ago)
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Hmmmmmm well its for those who admire him.
IDOKOO at 21-01-2014 07:18AM (6 years ago)
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Dangote, i thank God (Allah) for your blessin and may he grant u long life and good health. sir, i want to have a piece of your bless too cus, am a poor boy. sir, this is my contact no- 070 6613 7062.  Wink
gbojac at 21-01-2014 08:02AM (6 years ago)
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The f.u.c.k is this ?
Abusiddiq at 21-01-2014 08:59AM (6 years ago)
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Quote from: IDOKOO on 21-01-2014 07:18AM
Dangote, i thank God (Allah) for your blessin and may he grant u long life and good health. sir, i want to have a piece of your bless too cus, am a poor boy. sir, this is my contact no- 070 6613 7062.  Wink

see ma own too zero eight zero blar blar blar
beneno at 21-01-2014 09:30AM (6 years ago)
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 Roll Eyes  Roll Eyes  Roll Eyes  Roll Eyes
dareper at 21-01-2014 09:59AM (6 years ago)
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Too much money has it own price oo, cuz too much money involve too much something.
freeway001 at 21-01-2014 10:17AM (6 years ago)
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500,000 naira from his uncle dantata,government and dantata were one pair, just like abiola and government.   And  500,000 in1977 when 1 brand new Peugeot 504 was 12,000 naira. Presently The money should wort up to 40million naira.
Chylove247 at 21-01-2014 11:03AM (6 years ago)
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dareper at 21-01-2014 11:16AM (6 years ago)
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Quote from: freeway001 on 21-01-2014 10:17AM
500,000 naira from his uncle dantata,government and dantata were one pair, just like abiola and government.   And  500,000 in1977 when 1 brand new Peugeot 504 was 12,000 naira. Presently The money should wort up to 40million naira.
true talk my broda, all na government money
IDOKOO at 21-01-2014 11:41AM (6 years ago)
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@Abusiddiq- na my hozzlin u wan take hozzle ?
EmekaBlue at 21-01-2014 12:09PM (6 years ago)
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