Aliko Dangote vs Donald Trump

Aliko Dangote’s profile picture
Donald Trump’s profile picture
CEO, Dangote Group
President-elect, United States
$14.52 Billion
Net worth 2018
$3.08 Billion
Manufacturing
Industry
Real Estate
Lagos, Nigeria
Residence
Jamaica Hospital Medical Center, New York City, New York, United States
Nigeria
Country
United States
10/04/1957
BirthDay
14/06/1946
Height
1.88 m
3
Children
5
Bachelor of Arts / Science, Al-Azhar University
Education
Bachelor of Arts / Science, University of Pennsylvania; Fordham University
NET WORTH STATISTIC
TIMELINE
2017

As of February 2017, he had an estimated net worth of US$12

2014

Dangote was named as the Forbes Africa Person of the Year 2014

2013

In 2013, Dangote and six other prominent Nigerians were conferred honorary citizenship of Arkansas State by Governor Mike Beebe who also proclaimed 30 May of every year as Nigeria Day in the US

2012

In July 2012, Dangote approached the Nigerian Ports Authorities to lease an abandoned piece of land at the Apapa Port, which was approved

2011

In November 2011, Dangote was awarded Nigeria's second highest honour, the Grand Commander of the Order of the Niger (GCON) by the President, Goodluck Jonathan

2010

In May 2010, Britain's Daily Mirror reported that Dangote was interested in buying a 16 per cent stake in Premiership side Arsenal belonging to Lady Nina Bracewell-Smith

2009

As a result, Dangote was honoured in January 2009 as the leading provider of employment in the Nigerian construction industry

2003

"Dangote played a prominent role in the funding of Olusegun Obasanjo's re-election bid in 2003, to which he gave over N200 million (US$1M)

1990

In the 1990s, he approached the Central Bank of Nigeria with the idea that it would be cheaper for the bank to allow his transport company to manage their fleet of staff buses, a proposal that was also approved

1977

The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company

1957

Aliko Dangote, an ethnic Hausa Muslim from Kano State, was born on 10 April 1957 into a wealthy Muslim family

1955

He is the great-grandson of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955

1971

In 1971, he moved to Studio apartment in Manhattan, New York and became involved with larger building projects. In the following year, he finalized first multi-million dollar real estate transaction with the sale of Swifton village in Cincinnati, Ohio.

1985

In 1985, he bought Mar-a-lago estate in Palm beach, Florida and renovated the Barbizon hotel and 100 Central Park South.

1988

In 1988, he bought the Plaza Hotel in New York City.

1989

In 1989, he bought a fleet of Boeing 727 airplanes to form Trump air shuttle service. Unfortunately a helicopter crash killed three Trump casino executives which lead to big issue.

1989

By 1989, poor business decisions left him unable to meet loan payments but he somehow financed the construction of his third casino, the $1 million Taj Mahal, with high-interest junk bonds. The increasing debt soon brought him to business bankruptcy.

1990

In 1990, he regained his previous stable financial position and fame and opened the Trump Taj Mahal casino in Atlantic City. Soon he gained approval for Riverside south development of West Side rail yards.

1996

In 1996, he got the ownership of Miss Universe Organization which produces the Miss Universe, Miss USA, and Miss Tean USA pageants.

2003

In 2003, he became joint partner with the National Broadcasting Company (NBC) where he became the executive producer and host of the NBC reality show, ‘The Apprentice’ which became a huge success. Following its success, he co-produced a show, ‘The Celebrity Apprentice’ along with British TV producer Mark Burnett.

2004

On October 21, 2004, Trump Hotels and Casino & Resorts declared a restructuring of its debt which led to a reduction in his individual ownership from 56 percent to 27 percent. The company applied for Chapter 11 Protection in November and soon the company re-emerged from bankruptcy as ‘Trump Entertainment Resorts Holdings’.