Aliko Dangote’s net worth has surged to $23.9 billion, making him the 86th richest person globally, according to Forbes. His wealth increase is driven by his 92.3% stake in Dangote Petroleum Refinery. The refinery’s operations have expanded, with expectations to reach full capacity soon, further boosting Dangote’s fortune.
Aliko Dangote, Africa’s richest man, has seen a significant rise in his wealth, now valued at $23.9 billion, according to Forbes. This places him as the 86th richest person globally. His fortune has grown by $11 billion in the past year, primarily due to his majority stake in Dangote Petroleum Refinery & Petrochemicals.
The refinery, which has a processing capacity of 650,000 barrels per day, began producing diesel, naphtha, and jet fuel in January 2024. By October and November, it had received 24 million barrels of Nigerian crude, and in early 2025, it was set to receive an additional 12 million barrels from the United States. On February 10, officials stated that the refinery could reach full operational capacity within 30 days.
Forbes also released its global billionaire rankings, with Elon Musk leading at $393.2 billion. Meta’s Mark Zuckerberg followed at $247.2 billion, while Amazon’s Jeff Bezos secured third place with $240.1 billion.
Dangote's increasing wealth highlights the impact of his refinery’s operations and Nigeria’s evolving energy landscape.
