There’s never the mention of the richest men in Nigeria and Africa without Alhaji Aliko Dangote and Dr Adedeji Adeleke, Davido’s father. These men are amongst the richest in Africa and occupy the position of 1% of the wealthiest people in the continent, making their names household names.
Today, with the amount of wealth they’ve both acquired, it’s not surprising that many people are confused as to who owns what and who is richer than the other. Understandably, Dangote is believed to be the richest man in Africa. But, is he really the richest man in Africa or are there others who are as rich as he is?
That’s what this article dives into. We look at the wealth of Dangote and that of Dr Adedeji Adeleke, Davido’s father and try to realize who is richer than who or whether there’s a tie.
Alhaji Aliko Dangote, Cars & Net Worth
Aliko Dangote continues to be named the richest man in Africa with his thick net worth. He has been named the richest man in Africa almost ten consecutive times.
He is most notable for the business empire Dangote Group that he started building over 30 years ago. Today in Nigeria, his business is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate across West Africa and Africa at large.
Aliko Dangote’s business started when he borrowed $3000 from his uncle to start importing and selling agricultural commodities in Nigeria at age 21.
Luckily, the business quickly became a success, he managed to scale profit and repay his loan within three months of operation. Automatically, he turned a local commodity trading business into a multibillion-dollar corporation.
Today, Aliko Dangote has diversified his business interest into various different sectors which include, oil and gas, consumer goods, and manufacturing.
Dangote Cement makes up the majority of the conglomerate’s revenue, of which Aliko Dangote owns only 85% of the business. Dangote Cement produces over 45.6 million metric tons of cement every year and operates in about 10 countries across Africa.
Aliko Dangote’s Net Worth
For 10 years in a row, he has maintained the position of the richest person in Africa. His wealth is mostly ascribed to his business success in Africa. Alhaji Aliko Dangote has the whooping sum of $17 billion as his net worth which is still subject to increase.
Aliko Dangote’s Cars
With the type of net worth, Aliko Dangote has, one would immediately expect nothing but the most luxurious cars to be found in his collection and garage. Below are some of the cars owned by the richest person in Africa.
- Maybach 57S Knight Luxury— ₦364 Million Naira
When you think of Maybach cars, you’ll immediately think of luxury and Dangote has the Maybach 57S Knight Luxury in his collection.
The car rides on 24 inches wheels with the same carbon-finish treatment and black powder wrapped in Pirelli tires size 285/30R24. To read more about this car, we’ve written about it here.
- Mercedes-Benz CL65 AMG— ₦73 Million
One of the car brands that screams class is the Mercedes brand. Aliko Dangote owns one of the cars from the Mercedes brand and it’s the Mercedes-Benz CL65 AMG. The car comes with some of the most amazing features which include a turbocharged engine AMG V12(6.01, 612 hp), and a great speed limit.
- Bugatti Veyron — ₦728 Million
It’s an unspoken agreement that the Bugatti car belongs exclusively to the big boys and Aliko Dangote is one of the biggest boys in Africa. As such, you’ll expect him to own a car such as the Bugatti Veyron.
The car moves at 431 kilometres per hour and is one of the fastest street-legal cars.
- Bentley Mulsanne— ₦112 Million
The Bentley Mulsanne is one of the finest luxury cars owned by Bentley. With that price tag, the car definitely makes up for it with the design language, innovation and style that capture the essence of the car.
- Aliko Dangote private jets
Aside from luxury cars, another thing that Dangote owns is a private jet which he uses for his business and personal engagements. To read more, visit here.
- Aliko Dangote Yacht
Yes! Dangote also owns a yacht which he bought for $43 million. It’s in this yacht that he spends most of his time during business trips.
Dr. Adedeji Adeleke’s (Davido’s Father) Cars & Net Worth
Dr Adedeji Adeleke has always remained on the top list of rich Nigerians and Africans.
For him, his wealth journey started with education. He left Nigeria in 1979 to further his education in finance at the University of Western Kentucky, Kentucky—USA. He enrolled for a Masters’s degree and graduated in 1981 with an MBA.
He went ahead to get a PhD in International Business from the Pacific Columbiana University, California where he got a PhD degree in Business Administration from the University of Phoenix, Arizona in 2010.
With his educational background and experience in finance and international business, he returned to Nigeria to create multiple businesses in his name.
In 1983, he established Pacific Holdings Limited where he acted as the CEO 1983—through Pacific Drilling Company Limited. Today there are over six (6) subsidiaries under Pacific Holding and these are; Pacific Holdings Limited deals in Agriculture, Energy and Power generation—and has also given birth to Pacific Farm Ltd, Pacific Gas Company Ltd, Junior Venture Ltd and Pacific Drilling Company Ltd. Dr Adedeji Adeleke is the founder of Adeleke University.
Dr. Adedeji Adeleke’s Net Worth
Adedeji Adeleke gets the bulk of his money from Real Estate and Business sources. With this, his net worth is earmarked at $700 Million.
Dr. Adedeji Adeleke’ Cars
Dr Adedeji Adeleke just like his son has his own collection of luxury cars. Below are some of the cars you’ll find in his collection.
- 2017 Bentley Mulsanne
This luxury car has one of the most interesting launching pads in the automobile industry. It has a 6.8-litre V-8 engine and a 505 horsepower. Some of its inbuilt features are apple car play, Android Auto, in-car 4G LTE data connection, 60GB of media storage, electric curtains, LED headlights and so many inbuilt features that make it a luxury. It currently costs about $350,000 (N134, 480, 500) for a brand new one.
- Rolls Royce Phantom
Running on a 6.75 Litre twin-turbocharged V-12 engine, this beauty has a horsepower of 563. The price for a Rolls Royce Phantom begins at $450,000 (N172, 903, 500).
Adedeji Adeleke Private Jet
In 2018, there were many social media stories and news posts that Davido himself had acquired a new private jet. To convince the public, he posted some pictures on his social media pages showing him in the jet. But that’s not true. It belonged to his father. Click here to read more on Adeleke’s private jet.
Certainly, both Adedeji Adeleke and Alhaji Aliko Dangote are wealthy people in Africa. But with a net worth of $17 billion, Aliko Dangote is far richer than Adeleke. And he has maintained the stance of the wealthiest African for years.