Aliko Dangote's Net Worth Hits $30.2 Billion, Ranks 75th Richest Globally

Aliko Dangote, Africa's richest man, sees his net worth climb to $30.2 billion, ranking him as the 75th richest person in the world according to Bloomberg. Dangote's wealth stems from his major stakes in Dangote Cement PLC (NGX: DANGCEM), the largest cement producer in sub-Saharan Africa, and the Dangote Oil Refinery, Africa's biggest oil refining complex valued at $20 billion.

He owns a 92.3% stake in the refinery, while the Nigerian National Petroleum Company Limited (NNPCL) holds 7.3%. The recent rise in Dangote's net worth is driven by the success of his investments in the cement and oil sectors in Nigeria.