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The Times of India
The Times of India
World
TOI World Desk

Meet Aliko Dangote: How a trader’s son turned a $500,000 family loan into a $32.7 billion African empire

Aliko Dangote’s business expansion into East Africa, now linked to proposed pipeline corridors through Ethiopia and Djibouti, is often discussed in terms of scale and strategy. But the deeper story behind these moves stretches far beyond recent headlines. It is tied to a long, uneven journey that began in a wealthy trading family, moved through small-scale entrepreneurship, and gradually evolved into one of Africa’s most powerful industrial empires. Even today, as his net worth reportedly sits in the tens of billions, the structure behind that wealth is still shaped by early family influence, reinvestment habits, and decades of high-risk expansion decisions, political negotiations, infrastructure investments, and ambitious efforts to reshape Africa’s manufacturing and energy sectors through locally controlled industries.

Africa’s richest man Aliko Dangote’s journey from trading roots to a billion-dollar empire

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