Dangote’s Net Worth Climbs to $29.3 Billion — Cement & Refinery Lead the Surge ️️
Africa’s richest man, Aliko Dangote, has once again made headlines—this time for pushing his fortune to a staggering $29.3 billion, according to the Bloomberg Billionaires Index as of August 5, 2025.
This leap in wealth positions Dangote as the 72nd richest person in the world, driven largely by the performance of his massive industrial empire, led by Dangote Cement and the recently operational Dangote Refinery.
A Breakdown of the Billionaire’s Wealth:
According to Bloomberg’s report, Dangote’s net worth rose by $1.23 billion year-to-date, representing a 4.4% increase since January 1, 2025.
His empire spans both public and private assets, including:
$18.6bn in Dangote Petroleum Refinery – Africa’s largest, now operational since early 2024
$5.54bn in Dangote Cement – where he owns an 86% stake
$3.02bn in the Fertiliser Plant – producing up to 2.8 million tonnes of urea yearly
$357m in Dangote Sugar, $117m in NASCON, $484,000 in UBA
$744m in cash, $148m in Lagos real estate, $100m in free zone land, and $497m oil asset (OML 71 & 72)
Smaller holdings in packaging, food processing, and agriculture industries
His wealth is managed through Dangote Industries, which holds stakes directly and indirectly in all his businesses.
️ The Refinery: Dangote’s Game-Changer
The crown jewel of Dangote’s portfolio is the $20 billion Dangote Oil Refinery, where he owns a massive 92.3% stake. It’s not only the largest refinery in Africa, but a key strategic asset for Nigeria’s fuel independence. The refinery’s valuation is based on its construction cost and its future economic potential.
Cement & Sugar Still Holding Strong
Despite the buzz around the refinery, Dangote Cement continues to be the biggest publicly listed asset, with strong market performance that contributes significantly to his wealth. Dangote Sugar and NASCON Allied Industries also remain reliable pillars within his public asset pool.
️ Real Estate & Other Interests
Dangote owns six high-value commercial and residential properties in Lagos, valued using the capitalisation method based on rental income. These assets complement his core industrial empire and highlight his diversified investment strategy.
A Look Back: From Trading to Empire-Building
Born in 1957 in Kano, Dangote was raised by his maternal grandfather after his father’s early death. With a business degree from Al-Azhar University, Egypt, and startup capital from his uncle, he launched his career in cement trading.
In the 1980s and 1990s, he expanded into sugar, flour, rice, fish, and milk trading. By the late ‘90s, he pivoted into manufacturing, setting up refineries, mills, and factories across Nigeria. In 2000, he acquired Benue Cement Company and later commissioned the Obajana Cement Plant, now the largest in sub-Saharan Africa.
Market Powerhouse
Today, Dangote Group’s listed firms — Dangote Cement, Sugar, and NASCON — make up about a third of the Nigerian Stock Exchange’s market capitalisation. That’s an enormous influence over the nation’s capital markets and industrial output.
Forbes vs. Bloomberg
While Bloomberg pegs his fortune at $29.3bn, Forbes lists him at $24.8bn, placing him as the 86th richest person. The difference largely reflects different valuation methodologies, particularly regarding the refinery and private asset assessments.
Final Take:
Aliko Dangote continues to be a symbol of African industrial power. With his refinery now in full swing and a legacy of cement dominance, the billionaire shows no signs of slowing down. His story is a powerful reminder that long-term vision, infrastructure investment, and persistence can redefine a continent’s economic trajectory.
#Dangote #BillionaireNews #NigeriaEconomy #BloombergBillionairesIndex #DangoteRefinery #CementKing #AfricaRising ️
Africa’s richest man, Aliko Dangote, has once again made headlines—this time for pushing his fortune to a staggering $29.3 billion, according to the Bloomberg Billionaires Index as of August 5, 2025.
This leap in wealth positions Dangote as the 72nd richest person in the world, driven largely by the performance of his massive industrial empire, led by Dangote Cement and the recently operational Dangote Refinery.
A Breakdown of the Billionaire’s Wealth:
According to Bloomberg’s report, Dangote’s net worth rose by $1.23 billion year-to-date, representing a 4.4% increase since January 1, 2025.
His empire spans both public and private assets, including:
$18.6bn in Dangote Petroleum Refinery – Africa’s largest, now operational since early 2024
$5.54bn in Dangote Cement – where he owns an 86% stake
$3.02bn in the Fertiliser Plant – producing up to 2.8 million tonnes of urea yearly
$357m in Dangote Sugar, $117m in NASCON, $484,000 in UBA
$744m in cash, $148m in Lagos real estate, $100m in free zone land, and $497m oil asset (OML 71 & 72)
Smaller holdings in packaging, food processing, and agriculture industries
His wealth is managed through Dangote Industries, which holds stakes directly and indirectly in all his businesses.
️ The Refinery: Dangote’s Game-Changer
The crown jewel of Dangote’s portfolio is the $20 billion Dangote Oil Refinery, where he owns a massive 92.3% stake. It’s not only the largest refinery in Africa, but a key strategic asset for Nigeria’s fuel independence. The refinery’s valuation is based on its construction cost and its future economic potential.
Cement & Sugar Still Holding Strong
Despite the buzz around the refinery, Dangote Cement continues to be the biggest publicly listed asset, with strong market performance that contributes significantly to his wealth. Dangote Sugar and NASCON Allied Industries also remain reliable pillars within his public asset pool.
️ Real Estate & Other Interests
Dangote owns six high-value commercial and residential properties in Lagos, valued using the capitalisation method based on rental income. These assets complement his core industrial empire and highlight his diversified investment strategy.
A Look Back: From Trading to Empire-Building
Born in 1957 in Kano, Dangote was raised by his maternal grandfather after his father’s early death. With a business degree from Al-Azhar University, Egypt, and startup capital from his uncle, he launched his career in cement trading.
In the 1980s and 1990s, he expanded into sugar, flour, rice, fish, and milk trading. By the late ‘90s, he pivoted into manufacturing, setting up refineries, mills, and factories across Nigeria. In 2000, he acquired Benue Cement Company and later commissioned the Obajana Cement Plant, now the largest in sub-Saharan Africa.
Market Powerhouse
Today, Dangote Group’s listed firms — Dangote Cement, Sugar, and NASCON — make up about a third of the Nigerian Stock Exchange’s market capitalisation. That’s an enormous influence over the nation’s capital markets and industrial output.
Forbes vs. Bloomberg
While Bloomberg pegs his fortune at $29.3bn, Forbes lists him at $24.8bn, placing him as the 86th richest person. The difference largely reflects different valuation methodologies, particularly regarding the refinery and private asset assessments.
Final Take:
Aliko Dangote continues to be a symbol of African industrial power. With his refinery now in full swing and a legacy of cement dominance, the billionaire shows no signs of slowing down. His story is a powerful reminder that long-term vision, infrastructure investment, and persistence can redefine a continent’s economic trajectory.
#Dangote #BillionaireNews #NigeriaEconomy #BloombergBillionairesIndex #DangoteRefinery #CementKing #AfricaRising ️