Aliko Dangote Named 6th Most Philanthropic Person In The World

Aliko Dangote Named 6th Most Philanthropic Person In The World

By Wires Editor | The Trent on October 25, 2018
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Aliko Dangote, Warren Buffett, Bill Gates, J.K. Rowlings
Aliko Dangote, president of Dangote Group and Africa's richest man

Aliko Dangote, the president of dangote group of companies, was recognised and highlighted by Richtopia, a digital periodical that covers business, economics and financial news, based in the United Kingdom, UK, on Wednesday, October 24, 2018, as the richest man in Africa.

He was also named the sixth most charitable man in the world.

Dangote recently endowed his foundation to the tune of $1.25 billion.

Warren Buffett, Bill Gates and J.K. Rowlings occupied the first three positions while Oprah Winfrey and Elon Musk were in the fourth and fifth position respectively.

Aside Dangote, Chairman of United Bank for Africa, UBA, Tony Elumelu, was 11th on the list and these two were the only Nigerians on the list.

Aliko Dangote started his Foundation, Aliko Dangote Foundation, in 1981 with a mission to enhance opportunities for social change through strategic investments that improve health and well-being, promote quality education and broaden economic empowerment opportunities.

The Foundation was, however, incorporated in 1994 as a charity in Lagos, Nigeria. Twenty years later, it became the largest private Foundation in sub-Saharan Africa with the largest endowment by a single African donor.

The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment and humanitarian relief.

Among many others, it would be recalled that the foundation gave out a whopping N2.5 billion, the same amount the Federal Government also donated for the purpose of ameliorating the sufferings of the flood victims during President Goodluck Jonathan era.

The Foundation, in line with its mandate to provide relief in times of disaster, spread its philanthropic works beyond the shores of Nigeria with a donation of $1 million to the government of the Federal Democratic Republic of Nepal. The gesture was meant to support the government’s efforts in providing relief to the victims of the earthquakes that occurred in the country.

The Foundation also recently came to the aid of victims of the communal clash between Yoruba and Hausa traders and residents in Ile-Ife, Osun State.

Read more at ThisDay

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