The Rise of Aliko Dangote is a story that has not been told enough considering that he is currently the richest black man on earth. With the kind of work that he is doing, and his effort, his story is still not told enough. It is expected that with the growth and expansion of Nigeria’s economy and increase in his investment, you are sure to see a great leap in his networth and assets. The question is what is Dangote’s expected networth in 2030?
Who is Aliko Dangote?
Aliko Dangote is a Nigerian billionaire from Kano State. He is a trader and industrialist. He was born and grew up in Kano in the 1960s.
He comes from the lineage of Nigeria’s first customer of First Bank in Nigeria, Alhaji Dantata, and the richest man in Nigeria at his time.
Dangote did his university education in Egypt. After his education, he took a loan from his uncle, about 500,000 naira, to start his own business. His first business was buying and selling goods like flour, sugar, and so on.
From buying and selling, he moved into importation of these goods. By the mid and late 90s, he had made great money for himself. Then, he ventured into production of cement. Capitalizing on the economic manufacturing policies of Obasanjo, he acquired lots of Nigerian local assets and went fully into the production of cements.
He has gone into production of pasta and noodles but failed. He is successful in the production and distribution of sugar, salt, and flour. Recently, he has added fertilizer to it. He will soon add petrol and gas too, which he will be exporting.
Dangote’s Expected Networth in 2030
Forbes ranking in 2022 still has Aliko Dangote as the richest black man on earth. His assets and businesses are valued at around $13 to $19 billion. This as against $10 billion in 2020. Dangote is the 65th richest man on earth.
He is not backing down as he is growing more assets to make him earn more.
He is building one of the largest crude oil refineries in the world. It is considered to be one of the top ten largest in the world when completed. This means that it will be exporting tons of refined crude oil products like fuel, kerosene, fertilizer, bitumen, and so much more. In 2021, part of the refinery started processing and manufacturing fertilizer.
In full operation, this his asset should add about $5 billion to his worth. Majority of what is produced from here will be exported out of Nigeria.
Dangote is constructing more companies and factories all over Africa. There is another one, and this is one of Nigeria’s biggest rice mills in Sokoto. There is also cement manufacturing plants under construction all over Africa like in Togo. Togo’s plant is worth more than $60 million. He plans on constructing more.
The stock price of Dangote companies’ products are rising. They will even rise more as he plans on focusing on mainly the exportation of his products to foreign economies.
In a nutshell, Aliko.Dangote is expected to be worth around $30 billion to $50 billion in 2030, depending on how well the economy performs. By that time, all the existing businesses he is adding to his total assets will be in full operation, and should have gained ground in the market.
Conclusion
Dangote’s expected networth in 2030 is expected to be a double of his worth now, or more. It can be more, too, depending on how well the economy thrives. He will continue to perform in the market and his stock price will continue to rise.