Africa’s richest man and President of Dangote Group, Aliko Dangote, has seen his net worth soar to $30.2 billion, according to the latest Bloomberg Billionaires Index.
The Bloomberg data ranked Dangote as the 75th richest person in the world, reaffirming his position as Africa’s foremost billionaire.
Dangote holds a controlling stake in Dangote Cement Plc, the largest cement producer in sub-Saharan Africa, which is listed on the Nigerian Exchange Limited.
He is also the owner of the Dangote Refinery, Africa’s biggest oil refining complex, commissioned on May 22, 2023.
The $20 billion refinery, located in Ibeju-Lekki, Lagos, remains his most valuable asset. Dangote owns a 92.3 per cent stake in the refinery, while the Nigerian National Petroleum Company Limited (NNPCL) holds 7.3 per cent.
The refinery, which is central to Nigeria’s quest for energy self-sufficiency, is believed to be the major factor behind the recent boost in Dangote’s global ranking and net worth.