Aliko Dangote, Africa’s richest man, is now valued at $29.2 billion on Bloomberg’s Billionaires Index — up $1.2 billion so far this year, sparking speculation that he could soon hit the $30 billion mark.
Starting 2025 at $28.1 billion, Dangote’s fortune has seen mid-year dips, showing just how volatile his wealth can be. Most of his money comes from Dangote Cement, Dangote Sugar, NASCON, and UBA.
Recent gains have been fueled by rising share prices and stronger economic signals. The biggest game-changer? The Dangote Petroleum Refinery in Lekki. Though not yet listed on the stock market, it has boosted investor confidence in a big way.
With just $800 million to go, Dangote is closer than ever to joining the $30 billion club — but as markets know, fortunes can rise or fall in a heartbeat.
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