Dangote Named 6th Most Charitable Individual in the World

Aliko Dangote, president of Dangote Group, and richest black man in the world, has been named the sixth most charitable man in the World, by Richtopia, a UK based organization that covers business, economics, and financial news.

Dangote Named 6th Most Charitable Individual Globally

Dangote recently endowed his foundation to the tune of $1.25 billion.

Warren Buffett, Bill Gates and J. K. Rowlings occupied the first three positions while Oprah Winfrey and Elon Musk were in the fourth and fifth position respectively.
Aside Dangote, Tony Elumelu, chairman of United Bank for Africa was 11th on the list and these two were the only Nigerians on the list.

Aliko Dangote

Aliko Dangote is Africa’s richest billionaire with holdings in the capital market valued at N3.5 trillion as at July 2018.

Dangote started his foundation, Aliko Dangote Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities

Aliko Dangote Foundation was incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has gone ahead to become the largest private Foundation in sub-Saharan Africa, with the largest endowment by a single African donor.

Currently, Dangote Cement accounts for about a third of the market capitalization on the Nigerian Stock Exchange. Dangote Group is a diversified conglomerate, with interests across a range of sectors in Africa. Current interests include cement, sugar, flour, salt, pasta, beverages and real estate, with new projects in development in oil and natural gas, telecommunications, fertilizer, and steel.

Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Capoeira, the Brazilian Martial Art Invented by Enslaved Africans

Capoeira is a Brazilian martial art form that was invented by enslaved Africans in the 16th century who used it to disguise the fact that they were practising fight moves.

More Articles Like This