Africa’s Richest Man Doubled His Fortune On A Massive — And Risky — $23 Billion Bet

Africa’s Richest Man Doubled His Fortune On A Massive — And Risky — $23 Billion Bet

Nigerian billionaire Aliko Dangote doubled his fortune thanks to the opening of Africa’s largest oil refinery. But so far, only he has reaped the rewards.

Refinery project propels Dangote to new height in Forbes billionaires ranking

…grows wealth by 100% from $13.4bn in 2024 to $23.9bn Africa’s richest man and President of Dangote Industries Limited (DIL), Alhaji Aliko Dangote, has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian-born entrepreneur as the wealthiest person in Africa and 86th in the world. Forbes had ranked Aliko […] The post Refinery project propels Aliko Dangote to new height in Forbes billionaires ranking first …

Forbes: Aliko Dangote's wealth surges by almost 100% to $23.9bn, now 86th richest in the world - EnviroNews - latest environment news, climate change, renewable energy

Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. Aliko-Dangote It will be recalled that Forbes ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 billion. Forbes estimates Dangote’s net worth at $23.9 billion, primarily due to his 92.3 percent stake in Dangote Petroleum R…

Aliko Dangote, the Nigerian magnate, is once again classified by Forbes as the richest man in Africa. Its fortune reaches $23.9 billion thanks to its 92.3% stake in the Dangote refinery, which is worth $20 billion. This refinery transforms the African energy sector and impacts the world's oil markets.Since its inauguration, the refinery has changed the fuel market in Africa. With a capacity of 650 000 barrels a day, it is the largest single-trai…

A massive oil refinery in the Lekki Free Zone, Nigeria, is about to become fully operational, marking a historic moment for Africa. With an area equivalent to almost 4,000 football fields, it will be the largest refinery on the continent. Africa, a major region in global oil production, holds about 12% of the world’s reserves. The oil industry contributes significantly to economic development, gross domestic product, government revenue and forei…