Africa’s richest man, Aliko Dangote, has achieved a historic milestone by becoming the first African to reach a net worth of $30 billion, according to the Bloomberg Billionaires Index.
Bloomberg reports that Dangote’s wealth rose to $30.2 billion in 2025, marking an 8% year-to-date increase, equivalent to a $2.25 billion gain.
The surge in his fortune is attributed to the strong performance of his cement, refinery, and fertilizer businesses, which continue to drive growth across multiple sectors of the Nigerian economy.
Dangote, who is the Chairman of Dangote Group, has long dominated Africa’s business landscape, with his companies playing key roles in infrastructure, manufacturing, and energy development across the continent.
This new valuation not only reinforces his position as Africa’s wealthiest individual but also places him among the top global billionaires, highlighting the expanding influence of African entrepreneurs on the world stage.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
