.png)
.png)
4 weeks ago
11
- The nett worthy of Aliko Dangote, Africa's richest man, has dropped by implicit N400 cardinal successful the past 24 hours
- The driblet successful Dangote's wealthiness has affected his ranking among the richest men successful the world, which includes 3 Nigerians
- Despite the drop, Nigerian billionaire continues to beryllium the richest antheral successful Africa up of South African billionaire Johann Rupert
Legit.ng journalist Dave Ibemere has implicit a decennary of acquisition successful business journalism, with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
The wealthiness of Aliko Dangote, President and Chief Executive of Dangote Industries, dropped by $274 cardinal (N424.07 billion) successful the past fewer hours.
According to the Forbes Billionaires Index, Dangote’s nett worthy fell to $23.2 cardinal arsenic of Tuesday, June 10, 2025.
Source: Getty Images
Dangote's current estimated net worthy has affected his presumption among the richest people successful the world, and helium is present ranked 90th, 10 places little than his erstwhile ranking of 80th.
Overview of Dangote's wealthiness sources
Aliko Dangote, Africa’s richest person, derives his wealthiness primarily from Dangote Industries, a privately held conglomerate based successful Lagos, Nigeria.
The radical has a ascendant beingness successful respective sectors, including cement, lipid refining, fertiliser, sugar, salt, and packaged nutrient production.
At the bosom of Dangote’s empire is Dangote Cement, sub-Saharan Africa’s largest cement producer. He holds an 86% involvement successful the company, which is listed connected the Nigerian Stock Exchange. He besides maintains important shares successful Dangote Sugar, Nascon Allied Industries, and United Bank for Africa, either straight oregon done Dangote Industries.
His astir invaluable plus is the Dangote Oil Refinery, Africa’s largest refinery, which began operations successful aboriginal 2024.
Dangote owns a 92.3% involvement successful the $20 cardinal project, valued based connected operation costs.
In addition, helium owns a fertiliser works with an yearly accumulation capableness of up to 2.8 cardinal tonnes of urea. This plus is valued utilizing a nett contiguous worth exemplary by an autarkic analyst, assuming a 50% utilisation rate.
Beyond his listed holdings, Dangote besides owns a portfolio of privately held businesses crossed sectors specified arsenic nutrient manufacturing, agriculture, and packaging. These are valued based connected concern costs reported successful the group’s 2023 audited fiscal statements.
Nigerian billionaires' nett worthy question
Aside Dangote, different Nigeria’s apical billionaires recorded gains, with telecom and lipid tycoon Mike Adenuga remaining the country’s richest antheral astatine $6.3 billion, up $2 million.
BUA Group president Abdulsamad Rabiu saw the biggest jump, adding $136 cardinal to scope $5.2 billion, a 2.71% increase.
Femi Otedola, 62, whose interests span vigor and utilities, gained $800,000, bringing his nett worthy to $1.5 billion.
New database shows highest-paid CEOs globally
Earlier, Legit.ng reported that the world’s highest-earning main executives travel mostly from the tech industry and are dominated by Americans and American tech firms.
From Microsoft, Tesla, Nvidia, and others, these CEOs person led their companies to unthinkable heights, with monolithic net and revenue.
They spark tech innovations, navigating the analyzable maze of the tech manufacture and are rewarded for their vision, enactment and creativity.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
