Dangote Tops Africa's Billionaires with $28.5 Billion

According to the latest Forbes Africa Billionaires list, Africa's billionaires increased their collective wealth by $20.3 billion, reaching a total of $126.7 billion. Aliko Dangote remains the richest African with an estimated net worth of $28.5 billion, up from $24.6 billion last year, largely due to a nearly 69% increase in Dangote Cement (NGX: DANGCEM)'s share price.

The company reported a profit of over one trillion naira in 2025. Abdulsamad Rabiu saw his fortune rise to $11.2 billion, making him Africa's third richest billionaire.

The report highlights that the Nigerian stock market outperformed with an 81% gain, contributing to the wealth increase among Nigerian billionaires, including Mike Adenuga and Femi Otedola. The list also notes that for the first time, the combined wealth of the three-comma club members surpassed $100 billion.

The report excludes several high-profile figures operating primarily outside the continent, such as Elon Musk.