Dangote’s Wealth Surges By 100% To $23.9bn, Retains Position As Richest Man In Africa

• Aliiko Dangote’s wealth has surged by almost 100% to $23.9 billion, according to Forbes.

• Dangote retains his position as the richest man in Africa and is now ranked 86th in the world.

• His net worth increase is primarily due to his 92.3% stake in Dangote Petroleum Refinery & Petrochemicals.

Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world.

Forbes estimates Dangote’s net worth at $23.9 billion, primarily due to his 92.3 percent stake in Dangote Petroleum Refinery & Petrochemicals.

READ ALSO: Dangote Refinery Begins Fuel Export To Saudi Arabia, Targets 550,000bpd Capacity

At 67 years old, Dangote is once again one of the top 100 richest individuals worldwide, a position he has not held since 2018, according to the Forbes Real-Time Billionaires List.

This places him significantly ahead of South African Johann Rupert, who is ranked 161st in the world with an estimated wealth of $14.4 billion and very far above Mike Adenuga, who is the second richest in Nigeria and 481st in the world, with a net worth of $6.8 billion.

Dangote Describes $23bn Refinery as Biggest Risk of His Life

Billionaire Aliko Dangote has described his $23bn Dangote Refinery project as the “biggest risk” of his life, acknowledging the challenges he faced in bringing the venture to fruition.

In an exclusive interview with Forbes on Monday, Dangote opened up about the risks involved in such a massive undertaking.

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