KEY POINTS
- Dangote wealth loss deepens this month.
- Market pressure hits Dangote Cement valuation.
- Expansion continues despite Dangote wealth loss.
Aliko Dangote’s fortune is feeling the weight of Nigeria’s equities market.
The continent’s richest man has shed $1.4 billion this month, driven largely by sharp declines in his cement company’s share price.
His net worth now stands at $29.2 billion, down from $30.6 billion at the start of November.
Market pressure drives Dangote wealth loss
Dangote’s losses erase much of his year’s gains. His year-to-date increase has fallen to $1.1 billion, tightening from $2.5 billion just weeks ago. The reversal is tied to the performance of his publicly listed assets on the Nigerian Exchange.
Dangote Cement shares slumped over 19 percent in November. The drop pushed the value of his 87.45 percent stake from $6.7 billion to $5.39 billion, cutting $1.31 billion from the firm’s market value. The decline comes despite strong results. Nine-month profit nearly tripled to N743.3 billion, with exports stretching into Ghana, Cameroon and the DRC.
The company earned N222.8 billion in third-quarter profit on N1.08 trillion in revenue, showing resilient demand across African markets.
Expansion drive accelerates
Dangote is still building aggressively. The Dangote Group recently signed a $1 billion deal with Zimbabwe for a new fertilizer plant and a pipeline running through Namibia and Botswana.
Dangote Fertilizer also partnered with Germany’s thyssenkrupp Uhde to expand urea output in Nigeria. Billionaires Africa reports that Dangote Sugar plans over $700 million in new investments. Revenue rose to N626.24 billion in the first nine months of 2025, supporting the group’s wider long-term growth strategy.
