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 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 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.