He is the richest black man in the world. At the age of 66, he is worth more than 90 billion yuan and has been the richest man in Africa for 12 consecutive years. Why can he beat countless rich people in Europe and America and earn tens of billions of yuan? Pay attention to China Cement Network and take you to understand the story behind Dangote, the "cement king" in Africa.
Top businessmen are also in the cement business
, and Dangote, aware of Africa's weak infrastructure, has been involved in the cement business since 2003. Starting from the import and repackaging business, after obtaining the production qualification, three large cement plants were established in just a few years, making it the largest cement producer in Nigeria.
But he was not satisfied with this, and invested US $4 billion to build cement equipment factories in Cote d'Ivoire and US $115 million to build cement factories in Cameroon, Zambia and other places. With the construction of residential buildings and schools all over the country, the demand for cement is rising, and wealth is naturally flowing. As a result, Dangote won the title of "African Cement King", and the cement industry once contributed 80% of its wealth. (Cement still makes money!)
According to China Cement Network 2022 Global Cement Production Capacity TOP100 List, Dangote Cement's production capacity reached 51.6 million tons, ranking 17th, and is one of the only two African enterprises to enter the top 50.
While the cement business has been successful, Dangote has also made efforts in oil, fertilizer, natural gas and many other fields. "Anyone who wants to do business in Africa knows Dangote," David Rubenstein, an
investment mogul and co-founder of the Carlyle Group, once said. What do you think of this? Feel free to leave a comment in the comments section.
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