Aliko Dangote Becomes First African to Reach a $30 Billion Net Worth

Net worth that made Aliko Dangote the first African to reach this level of wealth, according to the Bloomberg Billionaires Index, driven by continued gains in his cement and oil businesses.

Year-to-date increase in Dangote’s wealth, including a recent valuation gain that helped push him past the threshold after previously standing just short of the mark.

Cost of the cement factory Dangote recently completed in Attingué, Côte d’Ivoire, extending the group’s manufacturing footprint outside Nigeria and reinforcing cement as the company’s largest revenue driver.

Annual production capacity of the new Attingué cement facility, making it one of the company’s largest plants outside Nigeria.

Number of production plants Dangote Cement now operates across Africa, bringing its total installed capacity to about 55 million tonnes annually.

Current daily output of the Dangote Oil Refinery, up sharply from its initial production level and described as a transformative development for Nigeria’s energy sector by reducing reliance on imported petroleum products.

Planned production capacity for the refinery, which would put it above the output of India’s Jamnagar refinery, one of the largest in the world.

Value of Dangote’s fortune at the point when his wealth temporarily dipped after the refinery launch, allowing Johann Rupert to overtake him before his rebound gathered pace.

Level to which Dangote’s wealth rebounded by the end of January 2024, fueled by gains in manufacturing and energy after the earlier decline.

Net worth Bloomberg listed for Dangote in October 2024, showing how quickly his wealth was rebuilding before the final push past the historic threshold in 2025.