Tinubu and Dangote who is the richest? You could be wondering and thinking who is richer between a successful businessman and a successful politician in Nigeria.
We are here to help you as we are going to compare two well-known and wealthy citizens of the country.
In today’s post, we shall be comparing a successful politician, Bola Ahmed Tinubu to a successful business man, Aliko Dangote to see who is richer between the two.
Asiwaju Bola Tinubu Profile
Bola Ahmed Tinubu is a well-known and highly-regarded Nigerian politician born on the 29th of March 1952. He started and completed his primary school education at St John’s primary school, Aroloya, Lagos state.
He continued his education in United State of America, where he attended Richard J. Daley college Chicago in 1975. Tinubu graduated with a degree Bachelor of Science studying accounting in 1979.
Despite being a Nigerian, Tinubu decided to remain in the United State before relocating back to Nigeria in 1983. He started his political carrer in 1992 and was elected to the Nigeria House of Senate, representing Lagos west constituency under the Social Democratic Party (SDP) platform.
Due to the love and respect he commands among Lagosians, he was voted to power as Lagos state governor in 1999 under the Alliance for Democracy (AD) platform. Bola Ahmed Tinubu was sworn into office in 1999 and he wasted no time in embarking on some projects.
After four years in office, he was rated as one of the best governors in the country due to large number of projects that were completed during his regime.
Tinubu contested for the governorship position for the second time, but this time, under the People Democratic Party (PDP) platform. He won the election and he was sworn into office for the second tine in 2003.
Bola Tinubu and his wife senator Oluremi Tinubu were both honored with a chieftain title on the 20th of November 2012 in Abeokuta, Ogun State. He was also decorated as the Aare Ago of Egbaland, while his wife was decorated as the Erelu Aare Ago of Egbaland.
Though, he has out of power since 2007, Tinubu plays huge role when it comes to making decisions or policies in Lagos state. This is because he presently acts statesman for the continent’s most populated state.
Though former Edo state governor Adams Oshomole is the official APC national chairman, Ashiwaju Bola Ahmed Tinubu is seen as the current leader of the All Progressive Congress (APC).
Source Of Tinubu’s Wealth
The exact source of his wealth remains unrevealed but, as much as we know, his mother Abibatu Mogaji was a successful business woman in the southwest state before her demise in 2013.
Apart from the financial worth of his parents, Tinubu makes cool money from politics and that has been his major source of his wealth for more than two decades.
The former senator owns quite a large number of properties and assets. They include a multi-million building in Ikoyi, Lagos state, a G wagon which reportedly worth N600m and other assets we don’t know.
He also possess a $60m-rated private jet as a means of transportation.
He owns a grand hotel — that serves as alternative source of income — in Lagos state likewise a large hectars of land in Abuja.
Evaluating all his assets in monetary terms, the former Lagos state of governor is financially valued at $8 billion but rumours suggests that he is worth more than Dangote himself.
Aliko Dangote Profile
Aliko Dangote, a wealthy, influential and popular business man, was born on the 10th of April 1957. The business guru was born into an Islamic background in kano state Nigeria.
According to Wikipedia, Dangote is the grandson of Alhaji Alhassan Dantata who was rated as the richest man in Africa when he was alive. Unfortunately, Dantata gave up the ghost in 1955 after a brief illness.
Just as expected, the 51-year-old is playing huge role in the country’s economy as his investments and assets could be seen across the country and beyond.
As said earlier, the Kano state indigene has massive investments in Nigeria and beyond. He is the founder and President of the Dangote group of companies that was created in 1977.
Dangote Group of Companies
Created in 1977, Dangote group started as a one-man trading organization but, as time unfold coupled with intense hard work and determination, it began to expand and develop.
Today, the group contains different sectors and companies that are doing well and thriving in the Nigeria’s different industries. These production companies include the following:
This is the oldest part of the group and it deals with processing of limestone into finished products (cement). They equally packaged the products and transports throughout the country and other parts of Africa for sale.
This sector deals with production and packaging of sugar for sale.
Dangote Foods and drinks
This sector of the group are mainly created for the production of foods and drinks – such as Pasta, biscuits, Oil among many others.
As result of their respective successes in Nigeria, he expands these companies to other neighboring countries including Ghana, Togo and Benin Republic.
His achievements in business world, Influence on economic growth and development in Africa hasn’t gone unnoticed by the world’s leading finance-related website Forbes.com
Forbes rated 51-year-old Aliko Dangote as the richest man in Africa and he’s among the top 60 richest men in the world.
In his part — after receiving N150m from Dangote to fight the outbreak of Ebola in 2011, former president of Nigeria Goodluck Ebele Jonathan decorated him as the Grand Commander Of the Order Of Niger (GCON).
As an Arsenal fan, the billionaire revealed his interest to purchase a share from Arsenal Football Club in 2015.
According to him, he is not happy with the financial success being recorded by the Premier League side, so, he wants to improve the business side of the club by becoming a shareholder.
Source of Dangote’s Wealth
There have been different stories to his source of wealth. After making some intense inquiries, we got so many answers from Nigerians as regards to how and when the Kano state citizen began his journey to financial greatness.
Some said he started as a biscuit seller, while another faction claimed Dangote’s wealth is as a result of the inheritance gotten from his grandfather.
However, according to a trusted site, we can confirm that his money and wealth is as a result of his entrepreneurship skill.
In an interview granted by the richest black man some years ago, he sold out sweets(candies) to his classmates in school while growing up.
From there, he began to develop his business mind and that’s how he became who he is today, though, his grandfather also played some important role in his journey to prominence.
He owns a private jet worth $45 million. Houses, cars and other private possessions are what the billionaire can call his own.
Currently, his net worth is estimated to be $10.1 billion which is far above Tinubu’s.
Tinubu Net Worth & Dangote Net Worth: Who Has More Money?
Dangote whose net worth is $10.1 billion is far richer than Tinubu whose net worth is estimated at $8 billion this 2020. This should effectively end the debate on Tinubu and Dangote, who is richer?