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Aliko Dangote is leaving one-third of his $35 billion fortune ‘to humanity’—a rare move among Africa’s billionaires

First publishedJul 30, 15:45 UTC
Last updatedJul 30, 20:24 UTC · 41m ago
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Aliko Dangote is leaving one-third of his $35 billion fortune ‘to humanity’—a rare move among Africa’s billionaires
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Answer

Aliko Dangote wants to be remembered for being more than an industrialist. “I want to be known not just as Africa’s richest person,” Dangote said in 2025 when he joined Time’s list of the World’s Top 100 Philanthropists, “but also as its biggest philanthropist.” He plans to leave one-third of his fortune to charity, his daughter Halima Dangote told Bloomberg in an interview published this week.

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Aliko Dangote, Africa's richest person, plans to give one-third of his wealth to charity. His fortune is about $35 billion, so the gift will be around $11.7 billion. He said he wants to be remembered as a major philanthropist, not just an industrialist. His daughter Halima confirmed the plan in a Bloomberg interview.

Why it matters

This pledge shows how wealthy individuals can influence social change in Africa. It may encourage other billionaires to increase their charitable giving.

In brief
Who is Aliko Dangote?
He is a Nigerian businessman and Africa's richest person.
How much money will he give to charity?
He will give about $11.7 billion, which is one-third of his $35 billion fortune.
Why is this move considered rare?
Few African billionaires have pledged such a large share of their wealth to philanthropy.
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All outlets present the story similarly, focusing on Dangote's philanthropic pledge and its size.

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    Aliko Dangote is leaving one-third of his $35 billion fortune ‘to humanity’—a rare move among Africa’s billionaires

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