Aliko Dangote Net Worth

Aliko Dangote’s Net Worth and Business Empire

Aliko Dangote, a prominent Nigerian businessman and philanthropist, is widely recognized as the wealthiest person in Africa. His extensive business ventures, primarily in cement, sugar, and oil refining, have cemented his status as a global industrialist. Recent estimates place his net worth in a range that reflects differing valuations from major financial publications.

Net Worth Estimates

Estimates for Aliko Dangote’s net worth vary. According to Wikipedia, citing the Bloomberg Billionaires Index as of June 6, 2026, his net worth is approximately US$36.7 billion. However, Forbes reported a figure of $32.8 billion for the same period [3]. Another report indicates that as of May 2026, Dangote’s net worth was estimated at over US$36.8 billion per Bloomberg, positioning him as the 62nd wealthiest individual globally, the wealthiest black individual, and the wealthiest in Africa [3].

The Bloomberg Billionaires Index updates its figures daily after the New York stock market closes, valuing stakes in publicly traded companies based on their most recent closing prices [1].

Key Business Ventures

Dangote’s wealth is largely derived from his diverse business interests. He is the founder and CEO of the Dangote Group, a Nigerian multinational industrial conglomerate and the largest in West Africa [4][5]. The group’s operations span across ten African countries and include over 18 subsidiaries [5].

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Dangote Cement

Dangote Cement is a flagship subsidiary of the Dangote Group and is listed on the Nigerian Stock Exchange. It accounts for nearly 20 percent of the total capitalization of the exchange [5]. The company has faced competition, notably from Lafarge, a French cement manufacturer that historically imported cement into African countries [3]. As of 2023, Dangote Cement had generated approximately $3.7 billion in revenue [3].

Dangote Sugar Refinery

Dangote Sugar Refinery is recognized as one of the largest sugar producers not only in Nigeria but also across the African continent [3].

Dangote Refinery

The Dangote Refinery is another significant asset contributing to his net worth. It is a major industrial project that has been central to discussions about his wealth [3].

Origins and Early Career

Aliko Dangote was born on April 10, 1957, in Kano, Nigeria [4]. He founded the Dangote Group in 1977 as a small commodity trading company, initially importing sugar, salt, and food products [3]. By 1981, he had established Dangote Nigeria Limited and Blue Star Services, focusing on importing rice and bulk materials like steel and aluminum [3]. The group transitioned into manufacturing in the 1990s, expanding into textiles, flour milling, salt processing, and sugar refining [5].

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Philanthropy and Influence

Beyond his business acumen, Dangote is also known for his philanthropic activities [4]. He has been a significant figure in Nigeria’s economy and political landscape. In 2011, he was appointed as a member of the economic management team by President Goodluck Jonathan and was awarded the Grand Commander of the Order of the Niger [3]. He was also recognized by Time magazine as one of the 100 most influential people in the world in 2014 [3].

Methodology of Net Worth Estimation

Net worth figures for billionaires are typically derived from an assessment of their assets, including stakes in publicly traded companies, private businesses, real estate, and other investments. For publicly traded companies, valuations are based on the current market price of shares, which fluctuate daily [1]. For private holdings, valuations can be more complex and may involve assessing revenue, profitability, and market comparables. Different organizations, such as Forbes and Bloomberg, employ their own methodologies, which can lead to variations in the reported net worth figures [1][3]. These estimates are dynamic and are updated regularly to reflect market changes and new financial information.

Net Worth Breakdown