Aliko Dangote's Net Worth Hits Historic $51.3 Billion
Aliko Dangote, Africa's richest man, has achieved a record net worth of $51.3 billion, as reported by Forbes in its latest billionaire ranking. This figure represents a significant increase from $31.5 billion recorded on September 4, 2026, and more than double the $25.6 billion noted at the end of 2025.
Dangote ranks 36th globally among 3,397 billionaires tracked by Forbes. The rise in his fortune coincides with the public share offering of Dangote Petroleum Refinery, which commenced on September 14, 2026.
The offering includes 4.1 billion shares priced at N525 each, with a minimum subscription of 10 shares, totaling N5,250. The IPO aims to raise approximately $1.6 billion, valuing the refinery at around $47.6 billion.
Bloomberg's Billionaires Index estimates Dangote's wealth at $35.3 billion, indicating differing methodologies between the two organizations. The IPO could potentially add up to $22.9 billion to Dangote's wealth.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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