Africa’s richest man, Aliko Dangote, intends to donate one-third of his wealth to charitable causes as part of his succession plan, according to his daughter, Halima Dangote.
Halima, a trustee of the Aliko Dangote Foundation, disclosed the plan in an interview with Bloomberg published on Tuesday, saying the billionaire has already secured the support of his family to dedicate 33 per cent of his estate to philanthropy.
According to the Bloomberg Billionaires Index, Dangote’s net worth is estimated at $35.1 billion, meaning one-third of his current fortune would amount to about $11.7 billion.
Halima said her father regards philanthropy as a key part of his legacy and has incorporated it into the family’s long-term inheritance plans.
“He sort of put all the structure in place whereby we focus a lot on health and education. He actually donated 25 per cent to the foundation. If you look at it, it is what we call in Sharia Code in Islam; it means he has donated 33 per cent of his whole inheritance to his foundation,” she said.
