Dangote named 6th most charitable person in the world

-


Aliko Dangote, president of Dangote Group, has been named the sixth most charitable person in the world by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom.
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 from Dangote, the Chairman, United Bank for Africa Plc, Tony Elumelu, was 11th on the list, making him the second Nigerian on the list.
Aliko Dangote recently endowed his Aliko Dangote Foundation to the tune of $1.25bn making it the most funded charitable organization in Africa.
The foundation was started in 1981 with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.




It was, however, incorporated in 1994 as a charity in Lagos. Twenty years later, it has become the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor.
The primary focus of the Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment and humanitarian relief, a statement said.



Comments

Post a Comment

Popular posts from this blog

Boy, 7, writes a letter asking kids to boycott McDonald's Happy Meals and his reason is impressive

-
Image
A 7-year-old boy has started a revolution after he asked his fellow students to boycott McDonald's Happy Meals. William Weir wrote an open letter to McDonald's demanding they ditch plastic toys which are given away with their happy meals because they pollute the environment. William told his mum Carrie, 41, that he wanted to write to the burger chain after she told him how bad the toys were for the planet. He went on to write the letter and his mother promised to send it to McDonald's and also share it in some online sites. Then an excited William went to school and told everyone about it and his teachers invited him to read his letter during assembly to Dunchurch Infant School's 170 pupils. Many of the students agreed with the content of the letter and are now joining him in taking a stand. Ian Dewes, the executive headteacher at Dunchurch Infant school and Nursery, was so impressed by the way William spoke to the school that he ...
Read more

Biotech holding company Roivant Sciences raised $200M in funding at a whopping $7B valuation

-
Image
Roivant Sciences  has had a bumpy couple of years, but that isn’t stopping investors from pouring more money into the four-year-old company, which aims to one day be a giant parent company for dozens of independent biopharmaceutical spinoffs — and is fulfilling that vision by creating one independent company at a time. Roivant’s newest financing event: a $200 million raise at a post-money valuation of $7 billion, led by NovaQuest Capital Management, which is an investor in two of Roivant’s companies; RTW Investments, an investment firm focused on biopharma; an unnamed “large U.S. insurance company;” and an unnamed “big U.S. investment firm,” according to a company spokesman. The round follows a  $1.1 billion round  led last year by SoftBank’s Vision Fund, which Roivant now says was closed at a post-money valuation of $5.6 million, though it didn’t necessarily look like money well spent at the time. To wit, r oughly one month after the financing ...
Read more

Rare Royal Delight: Prince Charles is pictured with his entire dynasty to celebrate his 70th birthday

-
Image
Today, November 14th 2018 marks the 70th birthday of Prince Charles and to celebrate, he's  photographed for the first time ever with his entire dynasty including; two sons and their wives, three grandchildren, and another yet to be born.   The rare roayal photos were released moments ago to mark the future king’s milestone and according to the palace, the images were taken in the gardens of Clarence House in September. To further celebrate, Prince Charles will attend two meetings at Clarence House and this afternoon will attend a tea party with his wife and 70 inspirational people also marking their 70th birthdays, at Spencer House in London.   Guests will include volunteers for a number of charities such as The Prince’s Trust, The Silver Line and Barnardo’s. Later tonight, the Queen will host a private party at Buckingham Palace for more than 600 guests to celebrate her son’s milestone. In honour of the occasion, Char...
Read more