Dangote's Net Worth Hits $51.3 Billion Amid Refinery IPO

Aliko Dangote, the president and chief executive officer of Dangote Industries Limited, has achieved a record net worth of $51.3 billion, as reported by Forbes' real-time billionaire tracker on Monday. This valuation places him 36th among 3,397 billionaires worldwide and makes him the only African in the top 40 richest individuals.

This significant increase from $31.5 billion on September 4 is primarily due to the revaluation of the Dangote Petroleum Refinery, which opened its public share offering on September 14, 2026. The offering, which includes 4.1 billion ordinary shares priced at N525 each, aims to raise approximately $1.6 billion and has already attracted N1.5 trillion in subscriptions within six hours.

Forbes notes that the refinery's public offering could further enhance Dangote's wealth, potentially raising it to $58.2 billion. In contrast, Bloomberg's Billionaires Index values his net worth at $35.3 billion, reflecting different methodologies in asset valuation.