Nigerian industrialist and Africa’s richest man, Aliko Dangote, has been ranked 65th among the world’s wealthiest billionaires, with an estimated fortune of $35.7 billion.
The ranking by the Bloomberg Billionaires Index places the 69-year-old businessman among the richest people globally, with his wealth linked to his extensive business interests across several industries.
Dangote, who was born in Kano, is the founder and president of the Dangote Group, which has investments spanning manufacturing, oil and gas, agriculture and food processing in Nigeria and other African countries.
His wealth is divided across public investments, privately held assets and cash holdings, with the values calculated in US dollars.
Dangote’s Public Assets
Among his publicly traded investments, Dangote Cement Plc accounts for an estimated $11.7 billion of his wealth.
His stake in Dangote Sugar Refinery Plc is valued at approximately $448.6 million, while his holdings in NASCON Allied Industries Plc are estimated at $255.1 million.
Private Business Assets
A significant portion of Dangote’s fortune comes from his privately held businesses.
The Dangote Oil Refinery is estimated to be worth $18.6 billion, while his fertiliser plant is valued at about $3.02 billion.
His interests in OML 71 and 72 are estimated at $497 million, while other Dangote Industries companies are valued at approximately $200 million.
His other assets include real estate and personal property.
Dangote’s Lagos real estate holdings are estimated at $148 million, while his free-zone land is valued at about $100 million.
His private jet is estimated to be worth $76 million.
The billionaire is also estimated to have about $650 million in cash assets, according to the wealth assessment.
The latest ranking comes as Dangote continues to expand his industrial empire, with his group pursuing major investments and expansion projects across Africa.
Following the recent launch of the $1.6 billion initial public offering (IPO) of Dangote Petroleum Refinery, the Dangote Group said it is “on course to generate approximately $36 billion in revenue in 2026, driven by robust performance across its diversified industrial businesses and ambitious expansion plans across Africa.”
Dangote has also disclosed plans to establish another major refinery in East Africa.
The businessman recently said Mombasa, Kenya, was being considered as the location for a proposed 650,000-barrel-per-day refinery.
The project is expected to require an investment of between $15 billion and $17 billion if the plans proceed.
Dangote’s latest position on the global billionaire ranking reflects the scale of his holdings across Nigeria’s manufacturing, energy, agriculture and other industrial sectors.
Source: Bloomberg Billionaires Index.
