The Bloomberg Billionaires Index has reported that the net worth of Africa’s richest man, Aliko Dangote, has risen to $30.2 billion.
The latest data tracked by the index shows an increase of $2.25 billion year-to-date (8%), supported by gains in his cement, oil, and fertilizer businesses.
The Bloomberg data also shows that Dangote’s wealth rose by $89.2 million in the past 24 hours, cementing his position as the 75th richest person in the world.
Dangote’s fortune is tied primarily to his Lagos-based conglomerate, Dangote Industries Limited, which holds stakes in multiple listed and private companies across the industrial and consumer sectors.
The group owns Dangote Cement Plc, the largest cement producer in sub-Saharan Africa, and the Dangote Oil Refinery, Africa’s biggest oil refining complex, which began operations in early 2024 after more than a decade of development.
The Dangote Oil Refinery, valued at $20 billion, remains his most valuable asset. Dangote owns a 92.3 per cent stake in the refinery, which has been key to the recent rise in his net worth.
The facility is designed to process up to 650,000 barrels of crude oil daily, with production ramping up gradually since its commissioning.
His 86 per cent ownership in Dangote Cement Plc is another cornerstone of his fortune. The company, which dominates Nigeria’s cement market and operates plants across 10 African countries, continues to deliver strong earnings amid increased infrastructure development. Shares of Dangote Cement have appreciated steadily in 2025, boosting the market value of his holdings.
Beyond cement and oil, Dangote’s wealth is supported by his fertilizer plant with an annual capacity of 2.8 million tonnes of urea, valued using a net present value analysis assuming 50% utilization. He also holds significant stakes in Dangote Sugar Refinery Plc, NASCON Allied Industries Plc, and United Bank for Africa (UBA).
His other interests span agriculture, packaging, and food manufacturing, while his Lagos real estate portfolio, including six residential and commercial properties, is valued using rental capitalisation data from CBRE Broll Nigeria.
