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Aliko Dangote, Africa’s richest man, has once again crossed the $30 billion mark, regaining his place in the exclusive “$30 billion club,” per Bloomberg’s Billionaire Index.
According to the most recent ranking, Dangote’s net worth is $30.0 billion, representing a last change valuation of +$261 million and a year-to-date increase of +$1.90 billion.
This rebound marks a noteworthy recovery after Dangote’s worth dropped to $29.1 billion in November in the face of numerous significant projects.
The renewed surge in Dangote’s wealth comes amidst his $20 billion oil refinery announcing an ambitious fuel-supply plan to provide more fuel to Nigeria’s energy market in the next few months.
In an official communication to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the refinery confirmed 1.5 billion litres of Premium Motor Spirit (PMS) will be supplied in December 2025 and January 2026.
The refinery also mentioned that the monthly supply will increase to 1.7 billion litres starting in February 2026.
Dangote’s previous big moves
The preceding month represented an unorthodox fiscal period for the Nigerian billionaire in terms of financial trajectories.
With moves many would assume might raise investor confidence, and by extension his net worth, Dangote’s fortune, which had been on the rise, took a slight dip.
In November, the Dangote Petroleum Refinery achieved a historic production milestone: a combined daily output of 70 million liters of petrol and diesel, 45 million litres of petrol and 25 million litres of diesel, which exceeded Nigeria’s domestic fuel consumption.
In the same month, Dangote Fertiliser Limited announced plans to develop four new urea granulation units in collaboration with a subsidiary of Germany’s Thyssenkrupp, potentially tripling production capacity and positioning the company among the world’s largest urea manufacturers.
With more than $700 million already invested in various growth programs, Dangote Sugar Refinery announced, also in November, that it would be stepping up its long-term goal to reduce Nigeria’s reliance on imported raw sugar.
Despite these moves, Dangote’s net worth took a hit, which now seems to have been recovered.
Dangote’s first entry into the $30 billion club
According to Bloomberg’s index, Dangote became the first African to reach a net worth of $30 billion in October.
Analysts credit Dangote’s wealth growth primarily to investor trust in his refinery’s capacity expansion plans.
In the same month, the Dangote Oil Refinery announced plans to increase production from 650,000 barrels per day to an astonishing 1.4 million barrels per day, bolstering global investor confidence and raising hopes for long-term profitability.
