Aliko Dangote's net worth surged to $39.4 billion, according to Bloomberg’s Billionaires Index, mainly due to investor interest in his $20 billion oil refinery.
This increase puts Dangote ahead of Jeff Bezos's ex-wife, MacKenzie Scott on the index, following months of relatively stable wealth after the IPO launch of his refinery.
Bloomberg now reports Dangote’s year-to-date wealth rise at $8.84 billion, with his latest increase tied to the refinery’s return to profitability.
The Dangote Petroleum Refinery, now at full capacity, recorded $4.725 billion in net income for nine months, strengthening his industrial presence in Africa.
