The Secret "Old Money" Family That Owns West Africa: The Dangote Family
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- čas přidán 28. 05. 2024
- When discussing the topic of “old money” families in Africa, the Dangote Family - with the richest man in Africa at its helm - is so prominent that they've not just had not one, not two, but three members - each at different times - reported as the richest individuals in West Africa.
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TIMESTAMPS:
0:00 Introduction
1:07 Chapter 1: Running West Africa
6:00 Chapter 2: The Origins of The Dangote Family
10:46 Chapter 3: The Life and Career of Sanusi Dantata
13:46 Chapter 4: Aliko Dangote The Alpha
19:06 Chapter 5: The Future of the Dangote Dynasty
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The tale of the Dangote family emerges as a compelling narrative in the annals of African entrepreneurship, a saga that transcends the typical story of wealth accumulation to embody a legacy of pioneering spirit, economic transformation, and philanthropic endeavor.
This "old money" family, deeply rooted in the fabric of West African commerce, has, over generations, not just amassed substantial wealth but has played a pivotal role in shaping the economic landscape of the continent.
From humble beginnings in the trading hubs of pre-colonial West Africa to the summit of modern industrial success, the Dangote lineage exemplifies the quintessential African success story, marked by resilience, strategic acumen, and an unyielding commitment to progress.
Aliko Dangote, the current scion of this illustrious family, stands as a testament to the enduring legacy of his forebears.
With a fortune built on the solid foundations laid by generations past, Dangote has not only expanded the family's wealth but has also steered it into new realms of enterprise and innovation.
His ventures into cement, sugar, salt, and oil have not only fortified his position as Africa's richest man but have also significantly contributed to the continent's development, providing employment, fostering economic diversification, and enhancing infrastructural development.
The Dangote family's journey from the trading caravans of the 19th century to the boardrooms of multinational corporations encapsulates a broader narrative of African resilience and entrepreneurial spirit. In the face of colonial exploitation, political upheavals, and economic challenges, the family has managed to not only preserve its wealth but also to multiply it, cementing its status as a symbol of African enterprise and ingenuity.
Moreover, the philanthropic endeavors of the Dangote family, particularly through the Aliko Dangote Foundation, underscore a commitment to addressing some of Africa's most pressing challenges. From health and education to economic empowerment, the foundation's initiatives reflect a deep-seated belief in the transformative power of philanthropy, not just as a means of alleviating immediate suffering but as a catalyst for long-term societal change.
As we look to the future, the Dangote dynasty, with its blend of entrepreneurial zeal and social consciousness, offers a model for the next generation of African business leaders.
In Halima Dangote and her siblings, we see the torchbearers of a legacy that transcends mere wealth accumulation, embodying a vision of African prosperity that is inclusive, sustainable, and forward-looking.
The Dangote family's story, therefore, is not just about the accumulation of wealth but about the power of legacy, the impact of visionary leadership, and the enduring potential of African enterprise.
It serves as a beacon of hope and inspiration, reminding us that the foundations of true wealth lie not in the abundance of riches but in the values, principles, and aspirations that guide their accumulation and use.
#dangote #billionaire #richlifestyle
COMMENT: Which wealthy family from Africa would you like us to feature next on our channel?
the Bakhresa family of Tanzania ty :)
@@haroonmotala7257 Goodluck calculating the net worth
BUA family of Nigeria
The Bakhresa family of Tanzania
The Ruperts in South Africa
As broke as I am , I am very proud of this family. When one win, we all win, black excellence
Nah bro
When one wins one wins.
I sha am happy dangote is giving back part of his wealth to improve Africa
Dangote is very simple and humble man, he is trying to open companies and invest in the whole world, I don't think he interested in luxury cars and luxury houses, I respect and love this guy.
😂😂😂
Are you for Real?
Richest man based on MONOPOLY and UNFAIR ADVANTAGE?
Sorry for all if you.
He is not a simple, humble man...lol. He is the inheritor of massive wealth and treated like, well, THE KING OF AFRICA. And more power to him, so he can teach as many folks to fish (so to say) as he possibly can, which is the best thing anyone can do.
Nigeria government made him rich.
Old money thank you for bringing the Dangote and the Dantata family to the forefront.The golden child dangote himself came from a wealthy family background.I am highly inspired,Thanks again🎉
Its inspiring to watch Dangote grow feom strength to strength in real time. Ive been watching this guy since 2010. Amazing. Now back to work.
Back to work indeed 😂😂!!
👊🏾🇳🇬👊🏾🇳🇬!
It's gratifying to see an African who honestly earned his money, unlike most of them who got their money through fraud or other illicit means . I wish we had many of his kind.
With all his poison ☠️😡😡😡
Dangote is not only the RICHEST man in Africa, he is the richest BLACKMAN ON EARTH, now as a fellow Nigerian 🇳🇬 how does that solve the useless government we have in Nigeria. I believe there is an awakening in Nigeria let’s see what happens before the year runs out.
He is nothing but a thief for northern elites
Another Nigerian professional government blamer. What are YOU doing to improve your country? Is Dangote not from the same country as you? I hear he started his empire with a 50,000 dollar loan from his uncle. It's really not that hard to emulate his success in a big country like Nigeria, even starting with a tenth of that amount, if you stop thinking the ''government'' is responsible for everything in your life. ''Ask not what your country can do for you. Ask what you can do for your country.'' - JFK
Do you think he can be as rich as his masters(Larry fink) and them who owns all the companies he's managing, wake up
You will never see white people or Asians say no he is the richest man with slanted eyes in the world !! We're soo racist towards ourselves it makes no sense
According to TimeCamp, the median monthly salary in Nigeria is between 80,000 and 150,000 Nigerian Naira (NGN), which is approximately $190 to $355 USD based on current exchange rates. However, income distribution in Nigeria is unequal, and the average annual income varies widely depending on factors such as occupation, location, and education level. For example, a 2023 survey of over a thousand Nigerians found that 26% earn below ₦100,000 ($126) monthly, 20% had no income, 25% earned between ₦100,000 and ₦249,000 ($126 - $315), and 15% earn between ₦250,000 and ₦499,000 ($317 - $633). Only 6% earn above the global average monthly salary of $1,020 to ₦795,600 ($1,269) in a month. This is not a success story, This is a story of exploitation.
Thank you Old Money, thank you for noting my comment on your Old Money Documentary Channel. Much appreciated 🤝🏾 🇿🇦
Cheers! Glad you enjoyed it :) we appreciate the suggestion
@@oldmoneyluxury Tony Elumelu
Dangote is among Nigeria economic problems so for me i dont respect his wealth even a fool is given the chance nigeria govt gave to dangote the fool will be rich dangote is
As an African American this is refreshing. This channel has Ben an inspiration. I had my DNA done years ago and I am half Hausa. Now my industrial nature is explained.
Welcome to the resilient & humble root. We Hausas are level headed, smart and driven people with unimaginable quest to keep family morals and modest approach to life. Our drive is mostly born from the quest to touch lives and add value to whoever comes to us in need. We have no history of war because all cultures and tribe are our trading means given the adventurous nature inherent in us. Hausa caravan traversed the whole of Africa in trade since prehistoric period. We are an enterprise!
Dan uwa- means my brother in Hausa. I’m Hausa from Nigeria based in New York City..
Oppressors
I have no words
Then you must be a man of integrity or woman of integrity
Thank you for showing part of our history by featuring the Dantata family. West African since the time of Mansa Musa and Timbuktu where hard working industrious people. In history of West Africa we were taught about the Trans Sahara trade this was way before trans Atlantic slave trade. Thank you once again
I've been following your channel for almost a year now, and I must say, every documentary you post is empowering. It serves as a reminder that wealth is created by those who dare to dream and pursue their passion, regardless of any challenges. Thank you for your efforts.
Thank you so much, we are glad you get inspiration from it!
Aliko Dangote was raised by his grandfather Sanusi Dantata having lost his dad at a very young age. In the colonial times, the export of cash crops like groundnut to Europe was the mainstay of Nigeria's economy and the Dantata family was dominant in this trade.
Dangote left the family business upon graduation from university in 1978 with a loan of 500 thousand Naira in 1978 from his grand father which was equivalent to about 600 thousand dollars at the time. Dangote began his business by importing and distributing goods like sugar, flour and cement and he eventually transformed into manufacturing of many of the items he used to import.
He became a billionaire when he built a network of cement factories in 10 African countries. He has had virtual monopoly in commodities like cement in Nigeria for years.
Dangote is twice divorced. He has 3 daughters and no son.
The Dantata family headed by 92 year old Aminu Dantata is still worth billions of dollars today
So why does one person need billions of dollars? If you had cancer, you would ask why the cancer was there, wouldn't you? :-) Greed is a CANCER!!
@@GG-hu9dn "Ye shall always have the rich amongst thee" - 1st book of Mamon, 1-3
@@obiflex Who cares about a book that is just complete Claptrap?! :-)
Mr Dangote looks like one or some of his great grandparents were Arab or Indian. We have relatives who hv Black mother/Sudanese Arab mix who look like Dangote nd members of his fam they look alike. Nice to know history about The Dangote
@@tombimashri8149Dangote is purely Hausa, we are as old as the world is even before the Arabs. We are only Muslims today because of cross border trades in the ancient times and had no history of any interracial marriages with Arabs or Sudan. We are purely blacks. So, chill!
We asked and you delivered! Thank you!
Good to see a story on the Dangote family. I am also pleased to see that they keep an eye on the future of Africa as a whole. I am sure that I do not have to tell them that in under-served economies you can quickly scale up if you choose the right businesses. Goodluck to them and I am particularly glad that they are generous to the poor.
Mike Adenuga, or Femi Otedola! Actually Femi might not be as wealthy but the way he & his two daughters live lavishly as socialites is quite entertaining. They’re always getting buzz on social media.
Please can also cover the life of the Zimbabwean business man Strive Masiiwa,,, The Econet wireless company
Definitely need more Like them in Africa. They are definitely good for African growth
I would like to see the Dangote family help elevate local singers and musicians
because African singers have been and still are popular on the world stage
Correction! @4:18 Dangote has 3 biological daughters: Halima, Mariya and Fatima. He only has adopted sons, not biological.
Adopted son is a son...
Yeah
Thank you. Very nice! Please Do one on Femi Otedola Nigerian billionaire or Patrice Motsepe South African billionaire
Yes, Femi Otedola and Isyaku Rabiu/ Samad Rabiu family of Kano.
Are these Old money folks, with growing wealth spanning circa two to three generations?
I’m inspired by this video. Great success story in Africa and hope more of our business owners are inspired by it.
Really enjoyed your program and makes me proud to be African
Femi Otedola would be nice to learn about and Cosmas Maduka.. This video about the Dantata Family is excellent. Great job, I simply love it, probably look at it ten more times
The Dangote video cheered me up after a long day 🏆
Did it improve your life or class situation? Did it improve the Nigerian economy and living situation of the masses?
This people that continue milking Nigeria. Upon all this money, he is still increasing the prices of cement every day. The government gave only two people the licence to cement.
Welcome to the resilient & humble root. We Hausas are level headed, smart and driven people with unimaginable quest to keep family morals and modest approach to life. Our drive is mostly born from the quest to touch lives and add value to whoever comes to us in need. We have no history of war because all cultures and tribe are our trading means given the adventurous nature inherent in us. Hausa caravan traversed the whole of Africa in trade since prehistoric period. We are an enterprise!
Exactly, proudly Hausa.
That's true. For example , he doesn't own these cars listed there.
Even the boat that was shown there is Otedola's.
@@ridwansansaliyu9643lol that man has a whole private jet
@@qwerty1994ize Yeah, I know... He bought it for his birthday a while ago.
@@ridwansansaliyu9643 oh okay.
Thank you old money family for being who you guys are humble
This is fantastic Thank god your talking about west Africa’s old money families. It would be to expand more into East Africa if Ethiopia either nobility or royalty like Hallie Selassie. Or even historical like Mansa Musa. And how they had their wealth accumulated and persevered generationally.
I have more respect for him because he became a billionaire IN AFRICA !!!!!!!!!
Tnks for this well researched presentation as a Nigerian \muslim from the Southwest I don't know much about Aliko's philanthropic.activity video exposed it allDantata \Dangote family re eye-opener to would be Nigerian genuine business man..and they re definitely a pride to Nigeria and the black race in general..❤👍
Congrats on getting your youtube plaque👏🏾👏🏾👏🏾👏🏾
Been here with you since the beginning
thank you so much old money documentary for noticing my comments of sharing the same birthday with Dangote 10th 'April 1960. if he can give my son a job in any of his companies I would be the happiest. He read Architecture HND Bauchi. this is the best birthday he can celebrate for me as birthday mate. thank you so much.
Awesome content...love it!
The oil refinery in Nigeria by the Dangote group is the largest in the world. It is truly impressive and will boost the Nigerian economy.
Brilliant video. Thank you!
This is good👏👏👏👏well researched .
Lots of people think that we are savages but how could we we be savages , when we were the first on earth? Wow, time to open our minds and tell our people where we stand 😢😢 and who we are
Very interesting. I enjoyed it. Thank you for your documentation.
Time to teach our children about our History
Please do the inspired story of Strive Masiyiwa don't know if he is a billionaire but he succeeded against all odds stacked against him.
Yes please
Great content & soo inspiring 🎉🎉🎉🎉🎉❤❤❤❤❤
The old money family you should do a documentary on the current president of zambia 🇿🇲 mr hakainde hichilema family and how he got rich
Thank you for this!
Great video
Children from all these wealthy familys obviously will excell they attend the most pricey nd Best Educational, many less fortunate given these opportunitys would excell too.
Interesting story of African wealth and success. I hope they will be more people like him in future.
You should feature the Motsepe family from South Africa
@uoltn6988, Mr. Motsepe isn't the wealthiest person SA, that destination belongs to the White Billionaires.
You are doing a tremendous work,,, feel so thrilled nd inspired,,, continue doing a splendid work
Nice Documentary this was interesting to watch.
"So which school would you like to go to?"
Halima: "Yes."
😅
I certainly learned a lot from this. Helps me put things into perspective.
Probably the best example of 'old money' in Africa? Solving local problems, and getting rich from within their OWN environment. No false supremacy, or thieving, involved. Well done to them. Hope they discard the international fig leaf of 'charity', and begin to wake fellow Africans to building beauty and excellence into their communities, too. Beautiful family taking common sense across marriage lines in Africa. No small job.
not true 🤣 not the full story
Superb Video🔥🔥🙌Kenya's Kenyatta family next🙏🏽
Go AFRICAN WOMEN. The future of Momma Africa has always been in your hands.
Thank you! 🙏
Thanks for this inspiring video on the DANGOTE FAMILY
Dangote wealth linked with his grandfather Alhaji Alhasan Dantata . Dangote is the richest black man on earth , I want the history of Abdul Salam BUA . Thank you for this wonderful video.
Is Abdul Samad BUA
It's typing error Abdul Samad BUA
Thank you ❤
I like the narrator level of eloquence. “The epitome of Bentley’s craftsmanship.”
I put off my kola business this just change my mind thanks for this old money.
i love this channel, thank you for educating this fool
Mesmerizing 🥰
C'est super.❤
Haven’t watch this yet hope they feature his mother who was a formidable trader based in Accra
who's the rich family in Ethiopia?
Adepoju Family of Nigeria. My classmate at Howard University was Kalib Adepoju who graduated from the School of Architecture in 1972
Well-done for all you do!!!
Can you talk about Mansa Musa's generations?
Old rich money of Ethiopia next
I will like you to do a documentary on Mike Adenuga . The CEO of Globalcom Nigeria. Thank you.
It's so 👍 great following from Senegal. Please if you can could do a documentary on Zambian president
Please cover the Kenyatta family from Kenya.😊
Alico dangote deserved to be the sole sponsor for the just concluded AFCON tournament instead of the neocolonialist company Total Energies what happened please?? 😞😞
I love this video. Thanks so much. I would like to see the Fernandez family of West Africa!!
Thank you for this documentary. I've always wanted to know about billionaires of Africa decent!!! Especially during Black History Month!
Thank you soo much for this video , thank for showcasing a billionaire that is an indigenous african❤❤ and please do not listen the ones asking you to correct the fact that you did not call him "black", no one ever says richest white man or richest man with slanted eyes!!!
Next family has to be the 2nd Richest black man in All of Africa
1.Aliko Dangote- Nigeria 17 billion
2.Michael Adenuga- Nigeria 7 billion
3. Abdul samad rabiu- Nigeria 6 billion
Thank you for this video.
You only shed light on the good. Dangote heavily benefited from monopoly and making sure he uses the government against competition,
That's good keeping the wealth in the Family... build on it and share thru your community service as you make your money. God's gifts for those who follows the Creator of the Universe path. Peace 🕊️ and Blessings 🙏
With all the natural resources that Africa has, there should be far more billionaires and trillionaires on the continent...
I believe this rather short documentary was not done truthfully as it should have been. So much was left unreported in it has expected. However, if the intention is to protray the $$$billionaire Dangote and his business in good light, you made a good job of it but always remember, " behind every great fortune is great theft " -- Balzac. 😏😌
It's very evident why for so many years men refused women to be educated. They knew that we are natural born leaders, super smart, elegant, beautiful, nurturing, and life-giving and limitless in what we can do and achieve. The future looks feminine. Africa's future depends on its women and young girls taking their place in education, commerce and technology, not being uneducated, pregnant and ignorant.
Go African Queens 👸🏽 🎉❤
South American families
Wow. Inspirational family man. I'm not sure how I found this documentary, but thank you, dawg. His blueprint is worthy of success. Dangote.
Uhuru kenyatta family from Kenya.
Thank you.
Please could you feature Patrice Motsepe from SA
He's not just the richest man in Africa ,but also the richest black man in the world.
Woohoo!🎉
Please make a video on billionaire Femi Otedola, his father was a Governor
Do appreciate.
Halima and attending schools 🤝🤝
Ca you do a video on the South African on the following Families:
- The Menell (founders of Anglovaal) and their relation Motsepe
- The Ruperts (Family of Johann Rupert)
- The Motsepe Family
Please look at the Chibesakunda of Zambia and HH.
Angola🇦🇴 next
Love you 😂
Subhan Allah
_A poor man isn't one without money but one who can't add value to others🎓💼👑🤵🏻
IJCMN we shall compare notes soon. AMEN.
The Ruperts
Sir Dangote your good friend SK I like U 🌟 🏆🥇🕌🕋👌🕌 Allah bless you all your friend SK I like U 🌟 so much because your very very good MAN great children's and great Wife's great Work's great well done for all boold of Jesus Christ Cover you all OK Thanks again 👍 💪🤝👏 king 👑 Dangote king 👑 long live King 👑 great work's great well done for all One they are SK will Visit you soon because I SK won't you to help My bro Sir Alan Kojo kyerematen Afafato Afafato movement for Change perty Alan cash is The next president in Ghana by the great of great God OK from lady Queen 🌶️ Sophie kyerematen good woman for UK 🇬🇧 and Ghana bay for now OK 🐒 Stop INUST me SK I don't care because I'm very very good woman in UK 🇬🇧 great Ghana OK say belss We all OK
please look at the Kenyatta family from Kenya
Scary when u think this wealth is highly under valued. Just these 10 countries combined are way larger than the us and europe which a larger population than both. He has the largest % in so many industries. Lastly these countries currencies are kept artificially low so us corporations and Canadian corporations can buy on the cheap. If u were to put the currencies where they should be. He would be the richest man in the world and thats not based on over valuation like amazon or tesla or LVMH.