Aliko Dangote's net worth rises to $31.5 billion ahead of Sept 14 refinery IPO
African billionaire Aliko Dangote added $3.3 million in wealth as his petrochemical group prepares for a major IPO opening on September 14, 2026.
Aliko Dangote's personal net worth increased to $31.5 billion, up from $28.1 billion the previous month, following news that his Dangote Petroleum Refinery Initial Public Offering will commence on September 14, 2026. The latest Forbes tracker data reflects trading movements in publicly held stakes within his portfolio. Dangote stated during a meeting in Botswana that he aims to double the refinery's capacity to 1.4 million barrels per day following the offering. Investors anticipate the listing could represent one of the largest equity issuance events in Nigeria and potentially Africa. The deal includes 4.1 billion ordinary shares priced at N525 each. If fully subscribed, the transaction is projected to raise approximately N2.15 trillion, valued at roughly $1.5 billion using recent exchange rates.
