Aliko Dangote’s net worth climbs by $2.25 billion to $30bn

Muftau Yahaya – October 24, 2025

Aliko Dangote, the richest black man, had added over $2 billion to his net worth, climbing to a total of $30.2 billion.

According to the latest data from the Bloomberg Billionaires Index, the $2.25 billion increase year-to-date, reflects growth across his cement, oil, and fertilizer ventures.

The Bloomberg figures also show abouit $89.2 million increase in his wealth in the last 24 hours, placing him 75th on the global richest list.

Dangote’s fortune is tied to his Lagos-based conglomerate, Dangote Industries Limited, which controls stakes in multiple industrial and consumer-focused companies.

Key holdings include Dangote Cement Plc, the largest cement producer in sub-Saharan Africa, and the Dangote Oil Refinery, Africa’s biggest oil refining complex, which started operations in early 2024 after over a decade of construction.

The Dangote Oil Refinery, valued at $20 billion, remains his most significant asset, with Dangote holding a 92.3% stake. The facility is capable of processing 650,000 barrels of crude oil per day, and production has gradually increased since its commissioning.

His 86% ownership in Dangote Cement Plc is another pillar of his wealth. The company operates in 10 African countries and benefits from increased infrastructure development across the continent. Since the beginning of 2025, Dangote Cement shares have steadily appreciated, increasing the market value of his holdings.

Beyond cement and oil, Dangote’s fortune is reinforced by his fertilizer plant, which has an annual urea production capacity of 2.8 million tonnes. He also holds significant interests in Dangote Sugar Refinery Plc, NASCON Allied Industries Plc, and United Bank for Africa (UBA).