Dangote to Open US Office to Preserve Family Wealth

Ololade Adeyanju/

Africa’s richest man, Aliko Dangote, has revealed that he is planning to open offices in the United States of America and London to protect his family’s wealth.

The billionaire businessman disclosed this in an interview with Bloomberg’s David Rubenstein.

“We are going to start investing in the United States after this our project, we want to open a family office in New York and in London.

“We already have an office in London that has been in operation for the last 30 years so we want to turn part of that to a family office so that we can diversify the worth. Sometimes in Africa, we have issues of devaluation so we want to preserve some of the family’s worth,” he stated.

Dangote became $4.3 billion richer in 2019, according to the Bloomberg Billionaires Index.

The 62-year-old businessman ended the year with a net worth of almost $15 billion, making him the 96th wealthiest man in the world.