Dangote and Tinubu: Who is Richer? See Answer to that here

The questions popularly asked by people is that who is the richest between Aliko Dangote and Bola Ahmed Tinubu is actually one of the most searched and asked queries on google. And the chief reason is certainly because dangote is recorded to be the richest man in  Africa while on the other hand Tinubu is known to be the richest politician in country Nigeria whose investment as well assets cuts every sector in Nigeria and even doen to abroad.

the both men are billionaires and their neth-worths income runs into billions of dollars. But the only thing that differentiate them is that Dangote is a business man which is listed on the forbes magazine and while the other man Tinubu is a politician and was once the former governor of lagos state and he is as well the leader of the current ruling party called The All Progressives Congress (APC).

Well before we answer the question prior to who is the richest among this two wealthy great men, lest take a brief insight on their biography one after the other here.

Aliko Dangote

Aliko Dangote GCON is a Nigerian the world richest black man, business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2018, he had an estimated net worth of US$14.1 billion.
Born: 10 April 1957 (age 61 years), Kano
Net worth: 11.6 billion USD (2018)
Education: Al-Azhar University
Children: Halima Dangote
Parents: Mohammed Dangote, Hajia Mariya Sanusi Dantata
Siblings: Sani Dangote

Business, Investments & Assets

Despite the fact that we cannot list all his investments and assets, but we can at least unleash the ones that are made public. The Dangote Group which is his main business started as a small trading firm in 1977 and has today become the biggest multi million dollar conglomerate in Africa.

The group can be found in countries like Benin, Ghana, Nigeria, and Togo. Over the years, he has further expanded his business to cover various industries and has dominated them till date as well. Aliko Dangote owns various plants and refineries as it stand today and he is as well into the following:

  1. food processing
  2. cement manufacturing
  3. sugar production in Nigeria.

READ MORE: Apply for Ongoing Canadian Visa Lottery Application

He is the major supplier to most of the breweries and soft drink companies we have in the country today.

Dangote Group prides itself as the largest industrial group in Nigeria with the following subsidiaries under it:

  • Dangote Sugar Refinery
  • Dangote Cement
  • Dangote Flour.
  • His transport company also manages the fleet of staff buses of the Central Bank of Nigeria.

Dangote Group owns the largest sugar refinery in Africa and the third largest in the world which is capable of producing 800,000 tonnes of sugar annually. He owns other salt factories and as well flour mills.

Nigeria’s richest man is also a major importer of:

  • rice
  • pasta
  • cement, and fish.
  • His company also exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries.

He has also diversified his investments into the telecommunication section certainly to regenerate Mike Adenuga, the second richest business man in the country by building 14,000 kilometres fibre optic cables to supply data to the nation.

Other investments:

  • banking
  • real estate
  • transport
  • textiles
  • oil and gas.

His company which is the largest conglomerate in West Africa employs more than 11,000 people, and in returns simply means or signifies that he is a provider of labor.

Aliko Dangote was awarded Nigeria’s second-highest honour, which is the Grand Commander of the Order of the Niger (GCON) by the former President, Goodluck Jonathan in November 2011 for his achievement and contribution to the nations economy.

Aliko Dangote is among the wealthy Nigerians who owns private jets in the country. In fact, he owns two which include:

  1. Bombardier’s Global Express XRS, bought from Canada at the price of $45 million
  2. another one (name not known) yet

Bola Ahmed Tinubu

Chief Bola Ahmed Adekunle Tinubu was elected Senator for the Lagos West constituency in Lagos State, Nigeria in 1993. The election was just prior to a military take-over in December 1993. Wikipedia
Born: 29 March 1952 (age 66 years), Lagos State
Full name: Bola Ahmed Tinubu
Spouse: Oluremi Tinubu
Parents: Abibatu Mogaji
Children: Oluwaseyi Tinubu, Folashade Tinubu-Ojo, Abibat Tinubu, Jide Tinubu
Education: Richard J. Daley College, Chicago State University
Though his net worth has not been revealed by Forbes, but we know that he is a wealthy man. He is one of the national leaders of All Progressive Congress (APC), the ruling party in Nigeria.
He got his primary education at St. John Primary School, Aroloya, in Lagos and Children’s Home School in Ibadan. He attended Chicago State University Illinois to study Bussines Administration and bagged a bachelors degree in 1979. He has worked for various top American companies such as:
  • Arthur Andersen
  • Deloitte
  • Haskin and Sells
  • GTE Services Corporation.

Political Career

Tinubu political career started in 1992 after he won the election to represent Lagos West Constituency in Lagos State at the Nigerian senate. When the country moved from the military regime to the democratic era, he was elected governor of Lagos State in 1999.

He stayed in office for eight years before handing over to Dr. Babatunde Raji Fashola (SAN). Tinubu has a strong hold in Lagos as it is the place where most of his investments are based. though wealth source is not known compared to that of dangote above.

Investments, Assets & Net Worth

According to constative.com, Tinubu’s wealth and assets both home and abroad are too numerous to record. Most people believe that he might even be richer than Dangote.

He owns hotels, and has stake in the oil and gas sector, he has got various landed properties in Lagos, Abuja, and other places. His residence called Bourdillon palace in Ikoyi is also worth billions of Naira. he owns an expensive private jet, the Bombardier Challenger which he bought $60Million.

Between Tinubu and Aliko Dangote: Who is Richer?

From our record and research made Dangote is richer than Tinubu as his net worth is estimated at 14.4 billion by Forbes while Tinubu on the other hand is worth $10 billion in dollars.

I hope this publication about who is the richest between Aliko Dangote and Bola Ahmed Tinubu finds you well please do kindly share this publication and like our facebook page for latest update like this. thank you

leave a comment

Create Account



Log In Your Account



Close