close
Wednesday, May 21, 2025

Time Magazine names Aliko Dangote among world’s top 100 philanthropists

TIME highlighted Dangote’s remarkable rise to wealth, having built a fortune of $23.9 billion through ventures in cement, agriculture, and oil refining in Nigeria.

• May 20, 2025
Aliko Dangote
Aliko Dangote [Credit; NAN]

Aliko Dangote, the chairman of Aliko Dangote Foundation and president/chief executive, Dangote Industries Limited, has been named in the inaugural 2025 TIME100 Philanthropy list, which recognises the 100 most influential leaders shaping the future of philanthropy across the world. Dangote is the only Nigerian on this distinguished list.

The prestigious list, published by TIME Magazine on Tuesday, features Aliko Dangote, whose foundation spends an average of $35 million a year on programmes across Africa, alongside other global figures in charitable work, such as Michael Bloomberg, Oprah Winfrey, Warren Buffett, and Melinda Gates, all of whom are recognised as Titans.

A total of 100 influential individuals from 28 countries have been honoured for their philanthropic efforts in four categories: Titans, Leaders, Trailblazers, and Innovators, with Dangote emerging as one of the 23 Titans.

TIME highlighted Dangote’s remarkable rise to wealth, having built a fortune of $23.9 billion through ventures in cement, agriculture, and oil refining in Nigeria. However, his philanthropic efforts are equally noteworthy. In 2014, he endowed the Aliko Dangote Foundation with $1.25 billion, with the aim of giving back to the continent that played such a key role in his success. The foundation spends on average of $35 million each year on various initiatives across Nigeria and Africa.

“Investing in nutrition, health, education, and economic empowerment is our contribution to setting Africans up for success”, – Dangote remarked, reflecting the foundation’s core priorities.

Among the foundation’s ongoing efforts is a $100 million multi-year initiative to combat severe childhood malnutrition.

Furthermore, an earlier vaccine programme in Nigeria, developed in partnership with the Bill and Melinda Gates Foundation and others, contributed to the World Health Organisation’s 2020 declaration that polio had been eradicated from Africa, Nigeria being the most populous country in Africa and the last country to eradicate the disease.

Education is another area where Dangote is making a significant impact. He recently announced a $10 million donation to the Aliko Dangote University of Science and Technology, based in Kano State. The conglomerate has provided a wealth of infrastructural support to the country’s tertiary institutions.

In 2019, the federal government revealed that the N1.2 billion hostel donated by the Aliko Dangote Foundation to Ahmadu Bello University, Zaria, was the largest donation ever made by an individual to a university in Nigeria’s history at that time.

As a member of the Global Business Coalition for Education, the Aliko Dangote Foundation has also focused on early childhood education. Through the Mu Shuka Iri (Let’s Plant a Seed) programme, local women – affectionately known as “Aunties” – are trained in Montessori-style education to become community educators in Kano.

The foundation’s investments in education include providing vocational training and providing scholarships at the secondary and tertiary levels, in addition to offering annual fellowships through the World Economic Forum’s Young Global Leaders programme. “We need to create the next generation of African leaders,” Dangote says, underscoring his commitment to long-term societal change.

“My mother instilled in me the ethos of giving back, which inspired my philanthropy 30 years ago. I trust my three daughters will continue this legacy, just as they will continue to grow our business and impact. I want to be known not just as Africa’s richest person but also as its biggest philanthropist.”

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

36,835 litres of Premium Motor Spirit (PMS)

States

Customs seize smuggled petrol, donkey skin worth N104 million in Adamawa

Mr Bashir said the confiscated items included 36,835 litres of Premium Motor Spirit (PMS), hidden in 1,219 jerry cans and 24 drums of various sizes.

Tinubu

NationWide

Tinubu returns to Abuja after Pope Leo XIV’s inauguration

Mr Tinubu said it was historic being the president of Nigeria when a new pope was inaugurated in Rome.

Gunmen

States

Gunmen kill woman, abduct husband in Edo

Confirming the incident, CSP Moses Yamu, spokesperson of the police in Edo, said two suspects had been arrested in connection with the crime.

Malian military

Africa

Human rights group calls for probe into suspected extrajudicial killings of 22 men by Malian military

Witnesses said arrests occurred between 10:00 a.m. and 11:00 a.m. during a military operation in Diafarabé and identified the victims as members of the Fulani tribe.

Oyo CP Johnson Adenola

States

Oyo CP orders probe into killing of teenager by police stray bullet

He also confirmed that the officer responsible for the bullet discharge has been detained, along with other members of the team during the incident.

ARMED POLICE OFFICERS

States

Police rescue five abducted passengers from bandits in Katsina

The police spokesperson, DSP Abubakar Aliyu, said the passengers were abducted at Unguwar-Basau on the Funtua-Gusau road.