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He built his Dangote Group into a conglomerate with interests in sugar, flour milling, cement and salt processing.
FORBES
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In October, he sold off a controlling stake in his flour milling company to Tiger Brands of South Africa.
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To support the biscuits business that was taking off, the Chaudharys got into flour milling, cooking oil and packaging.
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The company said sales in its commercial foods segment were up by 16%, as higher flour milling prices boosted revenue.
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In the wheat market, Nissin Flour Milling, the industry leader, has been buying up smaller firms and is taking an axe to its cost base before import controls are dismantled.
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He started trading commodities more than 30 years ago after receiving a business loan from his uncle, and eventually built the Dangote Group, which in addition to cement owns sugar refineries, flour milling and salt processing facilities.
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