Africa’s richest man, Aliko Dangote’s new goal is global domination with his Dangote Group of companies. Born on April 10th, 1957 in Kano, Nigeria, the self made Nigerian business magnate is worth an estimated $11.2 billion USD through his commodities based business with operations in Nigeria, Ghana, South Africa and Gambia among others.
Now Dangote wants to turn his conglomerate, Dangote Group into a global brand riding off of his tremendous success on the African continent.
In 2010 he became the fastest riser on the Forbes Rich list after floating Dangote Cement. At the time, his estimated personal wealth grew by up to five-fold to about $13.8 billion and despite dents in his net worth due to a bad year in the Nigerian stock market, he is still worth an estimated $11 billion.
His latest plan is to float about twenty per cent of his cement company on the London Stock Exchange. Doing this would value the company at an estimated $35 – $40 billion.
If this happens, Dangote Cement would be the world’s number one cement firm by market capitalization larger than many other global cement giants such as Lafarge of France and Holcim of Switzerland.
“We’ve taken the flag of Nigeria and flag of Africa and put them in places they never expected to be seen,” said the African billionaire recently on his plans to take the global cement world by storm.
Earlier this year, he was reported to have famously said “I could be the fifth richest man in the world .” All this will come to pass if his dream of listing twenty percent Dangote Cement on the London Stock Exchange comes to pass.
In fact, his ambitions don’t stop there. He even sees himself potentially becoming the world’s richest man if all goes well. In his words,
“Why not?” “Of course it’s possible.”