Africa’s richest man and President of the Dangote Group, Aliko Dangote, has seen his net worth climb to $30.2 billion, according to the latest report by the Bloomberg Billionaires Index.
The new valuation reflects an increase of $2.25 billion (8%) since the beginning of 2025, driven by steady gains across Dangote’s cement, oil, and fertiliser enterprises. Bloomberg ranked Dangote as the 75th richest person in the world.
Dangote’s wealth is anchored in his sprawling Lagos-based conglomerate, Dangote Industries Limited, which holds substantial interests in manufacturing, construction materials, energy, and agriculture.
His Dangote Cement Plc remains the largest cement producer in sub-Saharan Africa, while the Dangote Oil Refinery—Africa’s biggest oil refining complex valued at $20 billion—has become his most valuable asset. The refinery, which began full operations in early 2024 after over a decade of development, is 92.3% owned by Dangote.
In addition to his oil and cement ventures, the billionaire has continued expanding his footprint across Africa. The Dangote Group recently launched a $2.5 billion joint urea fertiliser plant in Gode, Ethiopia, in partnership with Ethiopian Investment Holdings (EIH), the country’s sovereign investment authority.
The new facility, with a production capacity of three million metric tonnes per annum, is expected to strengthen Ethiopia’s agricultural output and make it one of the continent’s leading fertiliser producers.
Speaking on the project, Dangote said the investment represents the company’s commitment to industrial growth and agricultural transformation across Africa.
“Our goal is to drive Africa’s self-sufficiency in essential commodities while creating sustainable economic opportunities,” Dangote stated.
The Bloomberg Index continues to track the wealth of global billionaires, highlighting Dangote’s sustained dominance as Africa’s top industrialist and one of the most influential figures in global business.
