- Aliko Dangote’s net worth climbed by $2.25 billion this year, supported by gains in his cement, oil, and fertilizer enterprises.
- The Dangote Oil Refinery, Africa’s largest, remains his most valuable asset, processing up to 650,000 barrels daily.
- Dangote Cement Plc, with operations across 10 African countries, continues to generate strong earnings and boost his overall wealth.
- Dangote plans to expand his refinery to 1.4 million barrels daily, aiming to make it the world’s largest and strengthen his industrial empire.
Aliko Dangote, Africa’s richest businessman, has seen his net worth climb to $30.2 billion, according to the latest data from the Bloomberg Billionaires Index.
This marks a $2.25 billion increase year-to-date, reflecting growth across his cement, oil, and fertilizer ventures. The Bloomberg figures also show a $89.2 million increase in his wealth in the last 24 hours, placing him 75th on the global richest list.
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Dangote’s fortune is tied to his Lagos-based conglomerate, Dangote Industries Limited, which controls stakes in multiple industrial and consumer-focused companies. Key holdings include Dangote Cement Plc, the largest cement producer in sub-Saharan Africa, and the Dangote Oil Refinery, Africa’s biggest oil refining complex, which started operations in early 2024 after over a decade of construction.
The Dangote Oil Refinery, valued at $20 billion, remains his most significant asset, with Dangote holding a 92.3% stake. The facility is capable of processing 650,000 barrels of crude oil per day, and production has gradually increased since its commissioning.
His 86% ownership in Dangote Cement Plc is another pillar of his wealth. The company operates in 10 African countries and benefits from increased infrastructure development across the continent. In 2025, Dangote Cement shares have steadily appreciated, increasing the market value of his holdings.
Beyond cement and oil, Dangote’s fortune is reinforced by his fertilizer plant, which has an annual urea production capacity of 2.8 million tonnes. He also holds significant interests in Dangote Sugar Refinery Plc, NASCON Allied Industries Plc, and United Bank for Africa (UBA).
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In a recent S&P Global interview, Dangote announced plans to double the capacity of his refinery to 1.4 million barrels per day, which would surpass India’s Jamnagar Refinery to become the world’s largest. He is exploring partnerships with Middle Eastern investors to support the expansion.
Addressing concerns about monopoly in Nigeria’s industrial sector, Dangote emphasized that profitability is essential for sustaining large-scale investments, encouraging more local players to compete at scale. He also revealed that Dangote Cement contributes 52% of its earnings to taxes, demonstrating the group’s significant fiscal contribution to Nigeria’s economy.
