Archive · 25 Oct 2025
Aliko Dangote's Net Worth Hits $30 Billion, Historic Milestone
Aliko Dangote, a very successful businessman from Africa, has become the first African-born person to have over $30 billion.
He makes money through his companies that produce cement and oil.
His cement business has expanded, with a new factory in Côte d’Ivoire that makes a lot of cement every year.
His oil refinery is also doing well, making more oil than before.
Even though his wealth went down for a short time in the past, he has grown it back up.
He's an example of how business is growing in Africa.
Aliko Dangote's net worth reached $30.3 billion.
Dangote is the world's richest Black man.
His wealth increased by $2.16 billion year-to-date.
Dangote Cement operates 11 plants in Africa.
Dangote Oil Refinery output has increased to about 650,000 barrels per day.
- Who
- Aliko Dangote, an African business magnate
- What
- Reached a net worth of $30.3 billion
- When
- October 2025
- Where
- Africa, with business operations in multiple African countries
- Why
- Driven by growth in cement and oil operations
- Net Worth
- $30.3 billion (October 2025)
- Net Worth Growth
- $2.16 billion (year-to-date)
- Primary Businesses
- Dangote Cement, Dangote Oil Refinery
- Cement Production Capacity
- 55 million tonnes annually
- Oil Refinery Output
- Approximately 650,000 barrels per day
- Cement Factory Location
- Attingué, Côte d’Ivoire