Dangote’s Fortune Skyrockets by $15.1 Billion to $27.8 Billion

Aliko Dangote, Chairman of Dangote Industries, saw his net worth surge by $15.1 billion on Thursday to $27.8 billion, according to the latest Bloomberg Billionaire Index.

Before factoring in his Dangote Refinery, Dangote’s net worth was estimated at $12.8 billion.

“The Dangote Refinery outside Lagos is the largest single-train oil refinery in the world and one of the most complex, capable of processing most global crude types. It has the potential to transform Nigeria’s economy by making the country self-reliant for fuel. And it’s more than doubled his net worth to $27.8 billion,” Bloomberg reported.

According to Bloomberg, Dangote’s current net worth is the largest wealth increase among the top 500 billionaires listed on the index.

Commenting on the refinery in New York last month, the 67-year-old Dangote said, “I didn’t know what we were building was a monster. The pressure was coming from different directions, people confusing us, disturbing us every day with different media stories that it will never work, it will never work, it will never work.”

This year alone, the billionaire’s net worth grew by $12.7 billion.