Dangote Cement Shares Tumble, Aliko Dangote Loses $397 Million in a Day

• Aliko Dangote loses $397 million in one day due to a sharp dip in Dangote Cement shares.

• The shares dropped following Wednesday’s close at N480.00 on the Nigerian Stock Exchange.

• Dangote’s net worth now stands at $23.2 billion, ranking him 84th among the world’s wealthiest individuals.

Aliko Dangote, Africa’s richest man, has suffered a significant loss of $397 million in a single day after shares in Dangote Cement dipped sharply on the Nigerian Stock Exchange.

According to Forbes’ real-time billionaire tracker, Dangote’s net worth now stands at $23.2 billion, ranking him 84th among the world’s wealthiest individuals.

The drop followed Wednesday’s close of Dangote Cement shares at N480.00.

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Dangote Cement is one of the most actively traded equities on the exchange, with over 25 million shares exchanged in more than 15,000 deals between January and April 2025, totaling a transaction value of N10.8 billion. Dangote holds an 86% stake in the cement giant, making it a significant pillar of his business empire.

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Beyond cement, Dangote’s industrial footprint stretches across multiple sectors, including his crown jewel, the Dangote Oil Refinery, valued at $20 billion, and a major fertilizer plant with the capacity to produce 2.8 million metric tons of urea annually.

Despite the single-day dip in net worth, Dangote remains a towering figure in African industry, with a portfolio geared toward long-term industrial self-reliance and economic transformation.