Aliko Dangotes Refinery.webp

The Digest:

Aliko Dangote’s wealth has climbed to $30.2 billion in 2025, reinforcing his position as Africa’s richest person and the 75th wealthiest globally. According to the Bloomberg Billionaires Index, his net worth grew by $2.25 billion year-to-date, driven by strong performance across his cement, oil, and fertilizer enterprises.

Key Points:
  • Dangote’s net worth increased by $2.25 billion (8%) since the start of 2025.
  • His wealth rose by $89.2 million in the past 24 hours alone.
  • The Dangote Oil Refinery, valued at $20 billion, remains his most valuable asset.
  • He holds an 86% stake in Dangote Cement, Africa’s largest cement producer.
  • The refinery, operational since 2024, processes 650,000 barrels of crude daily.
  • Dangote plans to double the refinery’s capacity to 1.4 million barrels per day.
  • Dangote Cement contributes significantly to Nigeria’s revenue, paying 52% of earnings as tax.
This sustained wealth growth underscores Dangote’s pivotal role in shaping Africa’s industrial landscape and his expanding influence in global markets.

Sources: Bloomberg Billionaires Index