December 11, 2014
Black Wealth: 4 Top Billionaires of Africa
These four entrepreneurs from Africa are all worth billions of dollars. What they have in common is their commitment to succeed, determination, positive attitudes, and an impeccable work ethic. Whether you’re starting out in your career and need motivation or you’re a senior executive intrigued by these billionaires and how they made it big, we could all learn a few things from these business moguls:
Net Worth: $21.6 billion
Country of Origin: Kano, Nigeria
As of last month, the Nigerian-born billionaire became the 23rd richest person in the world and the richest man on the African continent. Dangote is now on track to become the world’s richest black man. The business mogul and industrialist started out by opening up a small trading company in 1977. The Dangote Group now operates globally and handles food processing, cement manufacturing, and freight. The company is a key supplier to soft drink companies and breweries internationally, and in Nigeria it is responsible for supplying to 70% of the market. With more than 11,000 employees, it is the largest industrial corporation in all of West Africa. In 2014, he donated 150 million naira ($1 million) to the Nigerian government to help prevent the spread of Ebola.