Nigeria’s richest man, Aliko Dangote, has dropped from 36th to 65th position in Bloomberg’s global billionaire index, with his estimated net worth put at $35.7 billion.
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Dangote, who remains Africa’s richest man, was previously ranked 36th among the world’s wealthiest individuals. His latest position represents a decline of 29 places on the Bloomberg Billionaires Index.
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The 69-year-old businessman is the founder and president of Dangote Group, which has interests in manufacturing, oil and gas, agriculture and food processing across Nigeria and other African countries.
According to the index, Dangote’s wealth is divided into public assets, private assets and cash holdings, with the values estimated in US dollars.
His listed public assets include Dangote Cement Plc, valued at about $11.7 billion, while Dangote Sugar Refinery Plc is estimated at $448.6 million and NASCON Allied Industries Plc at $255.1 million.
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Among his private holdings, the Dangote Oil Refinery is valued at approximately $18.6 billion, while his fertiliser plant is estimated at $3.02 billion. His interests in OML 71 and 72 are valued at about $497 million, while Dangote Industries Companies are estimated at $200 million.
The index also places the value of Dangote’s Lagos real estate at about $148 million and his free-zone land holdings at $100 million. His private jet is estimated to be worth $76 million.
His cash holdings are estimated at $650 million.
The latest ranking comes as Dangote Group expands its operations, including the recent launch of the $1.6 billion initial public offering of Dangote Petroleum Refinery.
The group has projected revenue of about $36 billion for 2026, driven by its industrial operations and expansion plans across Africa.
Dangote is also reported to be considering Mombasa, Kenya, for a proposed 650,000-barrel-per-day refinery in East Africa. The project is estimated to require between $15 billion and $17 billion in investment.
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