Aliko Dangote reveals he bought his first private jet at 22
The Nigerian billionaire recounted acquiring his first private jet at 22 and a half. He now urges the wealthy to prioritize productive investments.
Aliko Dangote disclosed that he acquired his first private jet at the age of 22 and a half. The Nigerian billionaire made this revelation on Monday, September 14, 2026, in Lagos during the launch of his refinery’s initial public offering.
Reflecting on his entrepreneurial journey, the president of Dangote Industries explained that he fully enjoyed that period of his life. He now claims to see no downside to traveling on commercial flights.
This statement was made at the Nigerian Exchange, where the group officially launched its public share offering. Dangote Refinery’s stock operation aims to open a portion of the refinery’s capital to individual investors.
Aliko Dangote primarily used this anecdote to advocate for a shift in priorities. He urged wealthy Nigerians who spend substantial amounts on private jets to redirect more capital towards industry and production.
The offering involves approximately 3% of the refinery’s capital and targets 2.15 trillion naira if fully subscribed, according to Reuters. The minimum investment is set at ten shares, which is about four dollars.
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