Nigerian billionaire industrialist Aliko Dangote has officially become the first African to achieve a net worth of $30 billion, according to the latest Bloomberg Billionaires Index.

This milestone marks a significant achievement in Dangote’s business career and underscores the growing influence of African entrepreneurs on the global stage.

As of October 23, 2025, Dangote’s fortune surged by $430 million, bringing his total net worth to $30 billion. This increase is attributed to a $2.16 billion rise in his wealth this year, reflecting strong performance across his diversified business interests.

Notably, a recent $160 million cement plant in Attingué, Côte d’Ivoire, has significantly contributed to this growth. The facility, with an annual capacity of three million metric tonnes, is among Dangote Cement’s largest sites outside Nigeria.

Dangote’s business empire spans various sectors, including cement, sugar, flour, and oil refining.

His Dangote Oil Refinery, which began operations in late 2023, has been a key driver of his wealth. Plans are underway to expand the refinery’s production capacity to 1.4 million barrels per day, surpassing the output of the world’s largest refinery in Jamnagar, India.

Additionally, Dangote Refinery plans to list between 5% and 10% of its shares on the Nigerian Exchange (NGX) Limited within the next year.

Also Read: Zlatan Suggests Boxing Bout to Resolve Blaqbonez and Odumodublvck Dispute

This achievement not only cements Dangote’s position as Africa’s richest individual but also highlights the potential for industrial growth and economic development within the continent.

Many view Dangote’s success as a testament to the transformative power of manufacturing and infrastructure development in emerging markets.