Aliko Dangote becomes first African to Attain $30bn Networth

By Michael Ehindero
Aliko Dangote, Africa's wealthiest individual, has reached a net worth of $30 billion as of October 23, 2025, according to the Bloomberg Billionaires Index.

This significant milestone caps a strong year for the Nigerian magnate, whose fortune has swelled by $2.16 billion since the start of the year. 

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Just days before hitting the mark, Dangote's net worth stood at $29.8 billion. A recent surge saw a $430 million valuation gain help push him over the edge.

The impressive financial rise aligns with the continued expansion of the Dangote Group's industrial empire, notably the completion of a major cement plant in Côte d’Ivoire.

Located in Attingué, about 30 km north of Abidjan, the $160 million facility spans 50 hectares and boasts an annual capacity of three million metric tonnes. This makes it one of Dangote Cement's largest operations outside of Nigeria. 

Dangote’s recent ascent follows a period of significant fluctuation in his wealth. In October 2023, shortly after the commissioning of his massive oil refinery, Bloomberg ranked him as the world's 81st richest person with a net worth of $20.4 billion.

His fortune saw a dramatic rebound after briefly losing the title of Africa's richest person to South African billionaire Johann Rupert at the start of 2024. At that time, Rupert boasted $10.3 billion compared to Dangote’s $9.5 billion. 

However, Dangote quickly reclaimed the top spot. By late January 2024, his net worth had surpassed $20 billion, fueled by a $+282 million valuation jump and a year-to-date gain of $6.91 billion, setting the stage for his current $30 billion achievement.


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