Aliko Dangote Worth $54.5 Billion as Dangote Cement Shares Draw Attention

Aliko Dangote has a net worth of $54.5 billion, according to Forbes' real-time billionaires data, which ranks the Nigerian industrialist No. 34 in the world. Two recent reports focus on his fortune: one on a sharp fall in Dangote Cement shares, the other on his standing among the world's wealthiest people.

What the headlines report

• Billionaires.Africa reported that Dangote lost $1.6 billion as Dangote Cement shares sank 10%.
• Black Enterprise reported that Dangote, whom it called Africa's richest man, surpassed MacKenzie Scott with a fortune of $39.4 billion.

Forbes' live estimate is higher than the $39.4 billion figure cited by Black Enterprise, at $54.5 billion, and was little changed on November 6.

What his fortune is built on

Dangote's wealth comes from cement and sugar, and Forbes classifies him in the manufacturing industry. Dangote Cement, the company named in the Billionaires.Africa report, is linked to one of those businesses, which is why moves in its share price show up in reports on his net worth.