Aliko Dangote's Wealth Rises to $55.4 Billion as Cement Surges

Aliko Dangote's net worth has reached $55.4 billion, marking an increase from $53.2 billion on October 26, 2026, due to a rally in Dangote Cement Plc (NGX: DANGCEM)'s shares. On October 29, 2026, Dangote Cement reclaimed its position as Nigeria's most valuable listed company, overtaking Airtel Africa (NGX: AIRTELAFRI).

The company's shares jumped 5.8%, closing at ₦1,420 on the Nigerian Exchange (NGX), which lifted its market capitalization to ₦23.96 trillion, surpassing Airtel Africa's ₦23.68 trillion valuation. Dangote, who controls approximately 86.8% of Dangote Cement, has seen his stake valued at about ₦20.8 trillion, equivalent to $15.2 billion.

The trading session alone added approximately ₦1.14 trillion, or $838 million, to his holdings. Since the previous Friday, the shares have appreciated by nearly 28%, increasing his stake's value by about ₦4.53 trillion.

The company's strong financial performance, with a 31% increase in profit after tax to ₦974.8 billion and a 19.6% rise in revenue to ₦3.77 trillion, has bolstered investor confidence.