A business magazine, Bloomberg, has named the President of Dangote Group, Aliko Dangote, in its Bloomberg 50 list.
The Bloomberg 50 is a new initiative which lists individuals, who have shaped the global business, finance, entertainment, technology, science and political space in a year. It is a multi-platform initiative that honours 50 business icons and innovators.
The magnate is described as a “quiet billionaire” in the Bloomberg preface for his relatively frugal lifestyle.
“Dangote fast-tracked plans to help his country of 180 million people import less of what it eats. Dangote, who made his fortune in the cement industry, is turning his attention to dairy and sugar farming; he’s earmarked $800m to buy 50,000 cattle in the hope of producing 500 million litres of milk annually by 2019,” the preface reads.