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Dangote net worth in naira Mar 15, 2025 · Aliko Dangote Net Worth. Sector: Manufacturing (Cement, Sugar, Flour) Aliko Dangote, the richest man in Africa for over a decade, built his wealth through Dangote Group, a conglomerate that dominates the African market in cement, sugar, and flour production. This in-depth analysis explores the complexities of calculating his fortune in both US dollars and Nigerian Naira, examining the fluctuating exchange rates and diverse business holdings. His net worth stands at $10. Billionaires. 1. 2 billion, but he lost $706 million (6. Publicly available data usually reports his net worth in USD, requiring conversion to Naira using the current exchange rate. Notably, Dangote Group entities listed on the NGX have collectively witnessed a capital appreciation totalling approximately N2. He also owns 85% of the Dangote Group. Dec 12, 2014 · The sell offs that began in November 2014 seems to have affected the net worth of Aliko Dangote according to the latest tracking from Forbes. 4 billion, ranking 144th globally on the Forbes list. 3 billion: Diversified, cement Abdul Samad Rabiu Nigeria: 7. 9bn, in the 2024 Forbes list. Aliko Dangote aims to secure energy independence for Nigeria. 9bil. 8 billion in November 2021. Aug 27, 2024 · This comes after Aliko Dangote, the Nigerian industrialist and owner of the Dangote Group, saw his net worth decline by over $1 billion. 7 billion fortune originates from founding the Aiteo Group, a testament to his significant role and influence within the oil sector, navigating its complexities and contributing to the national economy. Dangote's success stems from his conglomerate, Dangote Industries, which includes Africa's largest cement producer, Dangote Cement, and other ventures. Mar 30, 2025 · Notably, Nigeria's Aliko Dangote retained his position as Africa's richest person for the 14th consecutive year, with his net worth rising to an estimated $23. With a net worth of $13. 9 billion and ranked 122nd globally. 8bn in August 2021 to $19. 6 billion due to the naira’s depreciation; Dangote, who was worth $17. At 67 years old, Dangote is once again one of the top 100 richest individuals worldwide, a position he has not held since 2018, according to the Forbes Real-Time Billionaires List. For instance, in 2020, he began the year with a net worth of $8. 9bn, Forbes said. 6 billion loss; Analysts have attributed the decline in Dangote’s wealth to the naira’s poor performance against the dollar Jan 23, 2024 · Aliko Dangote has regained his position as the richest person in Africa with a net worth of $13. His name is synonymous with wealth, entrepreneurial prowess, and significant influence within the African business landscape. 7 billion in 2014. 8 Billion As Naira, Stocks Plunge. 19, 2025 is $10. In February 2014, his net worth reached $25 billion. Oct 18, 2024 · According to the Bloomberg Billionaires Index, Dangote’s net worth increased by $15. Jun 23, 2023 · For the first time since the COVID-19 pandemic in 2020, the net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes. Key Drivers of Dangote’s Fortune Dangote Cement Sep 2, 2024 · Aliko Dangote’s net worth currently lies at $13. This action caused the naira, which had been trading Feb 26, 2024 · Aliko Dangote lost about $3 billion in February after the Nigerian government devalued the naira; The Nigerian billionaire has had over $7 billion slashed off his net worth as the naira lost most of its value; Dangote's current net worth is about $14. H2: Understanding Dangote’s Net Worth Fluctuations. 8 billion due to naira devaluation and NGX pullback. Aug 30, 2024 · Nigeria's richest billionaires, including Aliko Dangote and other prominent business moguls, have increased their net worth since the start of January 2024. 1 billion, while Ronaldo’s net worth is estimated at $500 million. Dec 23, 2014 · Africa's Richest Man Aliko Dangote Loses $7. Dec 25, 2024 · Aliko Dangote’s net worth rises to $28. In 2017, exchange averaged between N359 to N362, while Dangote’s net worth was $12. Meta Description: Uncover the truth behind Aliko Dangote’s estimated net worth. Aliko Dangote, Africa’s richest man, is a name synonymous with business success and entrepreneurial prowess. Strive Masiyiwa – also with a net worth of $1. Aliko Dangote Profile Aliko Dangote, a wealthy, influential and popular businessman, was born on the 10th of April 1957. Isiyaku Rabiu (Jnr) owns 2. His wealth surged by $2. Dangote’s refinery, with a 650,000-barrel daily capacity, is reshaping Africa’s energy market and driving his wealth increase despite early financial volatility. Mar 24, 2025 · Meta Title: Dangote Net Worth in Naira: Fact-Checking the $25 Billion+ Figure. (He insists he’s even richer). South African billionaire Johann Rupert is the second-richest in Africa, with a net worth of $13. Aliko Dangote Private Jet (16. 5 billion. 63 percent of BUA Foods. 49 trillion. Mar 20, 2025 · Meta Title: Dangote Net Worth in Naira 2024: A Comprehensive Analysis Aliko Dangote, Africa’s richest man, consistently commands headlines with his immense fortune. 7 billion last month. The Dangote Group has expanded its business in 10 African countries. 6 billion: Diversified, cement Mike Adenuga Nigeria: 7. 3 billion) Net Worth: $11. Dangote Net Worth in Naira: Is He Really That Rich? $20B+ Revealed. 4billion, whose Amazon “empire” accounts for Jan 31, 2025 · Aliko Dangote is the richest person in Africa, and was once the richest Black man in the world. Currency confidence: Naira’s rally fueled by settlements of all foreign exchange backlogs This resurgence is linked to the recent strengthening of the Nigerian naira against the U. Since President Bola Tinubu assumed office in 2023, the naira has lost value, impacting the Dangote Group’s operations. 9 billion in January to $11. 6 billion, according to Bloomberg. Mohammed Dewji – with a net worth of $1. 4billion to $21. 8 approved the sale of crude oil to the Dangote refinery and other refineries in naira on Nov 8, 2021 · Dangote, the only Nigerian on the list, ranked 102nd on the global billionaires’ index as of November 8, 2021, up from 118th in August 2021. Oct 21, 2024 · The richest man in the world, according to Forbes, is Elon Musk, with a net worth of $247. According to Forbes, Adenuga, chairman/CEO at Globacom Limited has a $6. 7 billion: Telecom, oil, finance and investments Apr 4, 2025 · Estimating Dangote Net Worth 2024 in Naira. presidential election and a devaluation of the naira in 2023 that Aliko Dangote Net Worth 2025. This shift marks the restoration of Dangote’s 12-year reign as the continent’s wealthiest individual, a title he briefly lost to Rupert in August 2024. Dangote’s Net Worth in Naira: A Fluctuating Giant. The billionaire had lamented the impact of the naira’s devaluation on his businesses, saying it was the most challenging time for business in Nigeria. This surge in wealth propelled Dangote from the 209th richest person in the world to 83rd place, placing him among the top 100 billionaires globally. Joining this group at the 11th position is Patrice Motsepe, with a net worth of $2. 6 days ago · Determining Aliko Dangote’s precise Dangote Net Worth in Naira for 2024 remains a complex task due to the dynamic nature of his vast business empire and global market conditions. The new ranking places him above his closest rival in Africa, Johann Rupert, who is ranked 161st person in the world, with a net worth of $14. Sawiris, with a net worth of $7. So how was this net worth arrived at ? Forbes uses holdings in publicly listed companies that are easily verifiable. His sources of wealth include Dangote Cement , the continent's largest cement producer, in which he holds over an 85% stake. His ventures not only contribute significantly to Nigeria’s economy but also create thousands of jobs across various sectors. The 66-year-old businessman made his fortune in cement and sugar - and last year opened an oil Dec 13, 2024 · This has helped Dangote ascend to the 68th position on the ranking of the world's 500 wealthiest men. Dangote Cement has a N11. 7 billion, as per Bloomberg’s billionaire estimates. Dangote’s Networth. The president of the Dangote Group, Aliko Dangote, has retained his position as the richest person in Africa with a net worth of $13. His net worth as of Jan. Apr 5, 2025 · Aliko Dangote’s Dangote Net Worth, while often reported in US dollars as exceeding $20 Billion, presents a complex picture when translated into Nigerian Naira and considering the diverse nature of his assets. 8 billion, marking a significant increase from $11. [10] Aliko Dangote is the wealthiest person in Africa, with an estimated net worth of US$28. 7 billion, narrowly surpassing Rupert’s net worth, which has declined to $10. Meanwhile, Mike Adenuga, Chairman of Globacom, was ranked third in Nigeria with a fortune of $5. 7 billion respectively. Jan 20, 2025 · The Nation Newspaper Dangote’s, other billionaire’s wealth grew by $2tr in 2024, says Oxfam report Jeff Bezos, with a net worth of $219. Mar 13, 2025 · According to Forbes, Dangote's net worth is now $23. Jul 30, 2024 · Aliko Dangote’s fortune dropped nearly $10 billion in six months, from $23. 2 billion. Comparing 2023 to Previous Years; Key Businesses Contributing to Dangote’s Wealth. 5 billion increase in just one year. as of 4/9/25. 4 billion and far ahead of fellow Nigerian, Mike Adenuga, Nigeria’s second richest man and 481st richest globally, with a net worth of $6. Mar 21, 2025 · Meta Keywords: Dangote Net Worth, Aliko Dangote Net Worth Naira, Dangote wealth, Africa’s richest man, Nigerian Billionaire, Dangote Industries, cement industry, Naira to Dollar conversion. Feb 19, 2025 · Dangote is now Africa’s wealthiest man. Calculating Dangote’s precise Naira net worth in real-time is a complex task. Sep 25, 2024 · Dangote’s move mirrors a recent trend among Africa’s wealthiest figures, such as Egyptian billionaire Nassef Sawiris, who also moved his family office to Abu Dhabi. Jan 7, 2025 · As of December 2024, Dangote’s net worth is approximately $28. Jan 17, 2024 · The surge in Dangote’s net worth is primarily attributed to his commanding 86% stake in the publicly traded Dangote Cement, held both directly and through his conglomerate, Dangote Industries. Nov 22, 2018 · Net Worth Evaluating all his assets in monetary terms, the former Lagos state governor is financially valued at N10 billion but rumors suggest that he is worth more than Dangote himself. Oct 17, 2024 · Aliko Dangote's net worth hits $27. Meta Title: Dangote Net Worth 2024: Uncovering the Billionaire’s Fortune in Naira & Dollars Meta Description: Explore the vast wealth of Aliko Dangote, Africa’s richest man. Mar 23, 2025 · Meta Title: Dangote Net Worth 2024: Naira & Dollar Figures, Business Empire Revealed Aliko Dangote, Africa’s richest man, consistently captivates global attention. His net worth has experienced significant growth, rising by an impressive 61. 1 billion, securing his spot among the world’s top 100 richest individuals, ranking 68th on the Bloomberg Billionaires Index. Inaugurated in May 2023, the refinery holds the title of the world’s largest single Jan 19, 2025 · Dangote’s wealth primarily stems from his extensive investments in manufacturing and oil refining through his conglomerate, Dangote Group. Dangote’s listed companies and net worth experienced a boost as his $20-billion Dangote Oil Refinery officially started producing diesel and aviation fuel this month. ng previously reported that Nigerian industrialist Aliko Dangote has continued to hold the crown as Africa’s wealthiest individual with a net worth of $13. 5 trillion Naira, according to the official currency exchange rate. with the naira losing more than two-thirds of its value against the dollar following President Feb 19, 2025 · And thanks to the refinery, Nigeria has become a net exporter of jet fuel, naphtha (a solvent used in varnishes, laundry soaps, cleaning fluids) and fuel oil, according to S&P Global. fwhdwe owq kgjch bnlnd dgjr psb ybw mmtcsrz gfbctix oyau vlgkskpz pfcw wcqcwm hjbubao ahgevd