Aliko Dangote Makes History as First African to Reach $30 Billion Net Worth

Aliko Dangote Makes History as First African to Reach $30 Billion Net Worth

Aliko Dangote, Africa's wealthiest individual, has achieved a historic milestone as the first African to amass a net worth of $30.2 billion, according to the Bloomberg Billionaires Index. In 2025, his fortune grew by 8%, equivalent to a $2.25 billion increase, propelled by the robust performance of his diverse business empire, particularly in cement, refining, and fertilizers.Dangote’s wealth surge is largely attributed to the success of Dangote Industries Limited, his conglomerate with significant holdings across multiple sectors. His flagship company, Dangote Cement Plc, remains the largest cement producer in Africa, benefiting from rising demand for infrastructure development across the continent. Additionally, the operational success of the Dangote Refinery, a $20 billion project and one of the world’s largest single-train refineries, has significantly boosted his wealth. The refinery, located in Lagos, Nigeria, began producing diesel and aviation fuel in 2024 and is expected to reach full capacity in 2026, potentially transforming Nigeria into a net exporter of refined petroleum products. His fertilizer plant, also one of the largest in the world, has capitalized on global demand for agricultural inputs, further driving his financial gains.Dangote’s ascent to the $30 billion mark underscores his strategic vision and resilience amid economic challenges in Nigeria, including currency devaluation and inflation. His investments in pan-African markets and commitment to industrialization have positioned him as a pivotal figure in Africa’s economic landscape. As of October 24, 2025, Dangote continues to lead as Africa’s richest person, with his wealth outpacing other African billionaires by a wide margin, solidifying his legacy as a trailblazer in global business.  

Source: Aliko Dangote Makes History as First African to Reach $30 Billion Net Worth

 - NigerianEye
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