President of the Dangote Group, Aliko Dangote, has grown his net worth to $29.3 billion as of August 5, 2025, securing the position of the world’s 72nd wealthiest individual, according to the Bloomberg Billionaires Index.

This notable increase stems largely from the performance of his industrial holdings, particularly the operational Dangote Refinery and Dangote Cement.

The billionaire’s fortune has grown by $1.23 billion since the beginning of the year. The Dangote Petroleum Refinery, valued at $18.6 billion based on construction costs, represents his most valuable asset. Dangote maintains a 92.3% ownership in the facility, which became operational in early 2024 following extensive development and now stands as Africa’s largest refinery.

His 86% stake in Dangote Cement, the continent’s leading cement producer, contributes another $5.54 billion to his portfolio. Additional holdings include significant shares in Dangote Sugar, NASCON Allied Industries, and a major fertiliser production facility.

While Bloomberg’s valuation stands at $29.3 billion, Forbes estimates place his net worth at $24.8 billion, reflecting differing approaches to assessing private and non-public assets. This wealth accumulation demonstrates the success of Dangote’s strategic pivot from trading to manufacturing initiated in the late 1990s – a vision driven by the need to address Nigeria’s growing consumer demands through local production.

Today, Dangote Group’s publicly traded companies constitute a substantial portion of the Nigerian Stock Exchange’s total market capitalisation, underscoring the industrialist’s profound impact on both national and continental economic landscapes.