World's wealthiest Black billionaire and the visionary behind the Dangote Group, Aliko Dangote, has played a pivotal role in shaping Africa's business landscape and elevating Nigeria as a major industrial force on the continent.

Diversifying his interests across various sectors in Nigeria and beyond, Dangote's expansive businesses under the Dangote Group have established him as the second-largest employer in Nigeria, coming closely after the country's Federal Government.

His staggering net worth currently stands at $10.8 billion, making him the richest Black billionaire globally and the second-richest individual in Africa. However, his long-held title as Africa's wealthiest recently passed to South African billionaire Johann Rupert, who overtook Dangote in June.

At the core of his immense wealth lies his commanding 86.81-percent stake in Dangote Cement, the largest cement company in Africa. This significant investment firmly places him as the richest investor on the Nigerian Exchange (NGX). Moreover, Dangote has stakes in several other prominent Nigerian companies listed on the NGX, including Dangote Sugar, NASCON Allied Industries, Jaiz Bank, and Nigerian magnate Tony Elumelu's United Bank for Africa.

Beyond the cement industry, Dangote's business empire expands into sugar, salt, oil, fertilizer, and packaged food sectors. Particularly noteworthy is his significant presence in the global oil market, reinforced by the recent commissioning of his petrochemical complex, the Dangote Petroleum Refinery and Petrochemicals Plant.

Notably, Dangote has further solidified his position with the successful inauguration of the much-anticipated Dangote Fertilizer Plant, commencing operations in March 2022. This state-of-the-art facility boasts an impressive annual production capacity of up to 2.8 million tonnes of urea.

Billionaires.Africa has diligently researched and compiled a comprehensive list of companies and holdings associated with Dangote, highlighting the breadth and magnitude of his business empire. His direct or indirect ownership spans across a multitude of enterprises, showcasing the remarkable scale of his business endeavors.

1. Dangote Cement:

Dangote's primary source of wealth stems from his substantial 86.6-percent ownership in Dangote Cement Plc, the largest cement producer in Africa. This company boasts an impressive annual cement production of 51.55 million tonnes, operating in ten different countries. At present, Dangote Cement holds the esteemed position of being the most valuable company listed on the Nigerian Exchange (NGX), with a remarkable market capitalization of N6 trillion ($7.6 billion), accounting for approximately 16.9 percent of the entire Nigerian Stock Exchange.

Looking ahead, Aliko Dangote envisions expanding Dangote Cement's production capacity through the establishment of a new integrated cement plant in Itori, Ogun State. This state-of-the-art plant is projected to have a massive capacity of 6 million metric tonnes, further solidifying the company's dominance in the cement industry.

2. Dangote Sugar: Dangote Sugar is Sub-Saharan Africa’s biggest sugar refining company. It has been listed on the NGX since March 8, 2007, and presently ranks 18th in value with N352 billion ($442.75 million) market capitalization. Dangote owns 72.7 percent of the company.

3. Petroleum Refinery & Petrochemicals Plant: Led by Dangote, Dangote Group has expanded into oil and gas with the creation of Dangote Oil Refinery. This petroleum complex can refine 650,000 barrels of crude oil, making it the largest single-train facility globally. Inaugurated in May 2023, the refinery is set to meet 100 percent of Nigeria’s refined petroleum demand and generate an annual surplus for export, estimated to yield an impressive $11 billion in revenue.

4. Dangote Fertilizer: In March 2022, the Dangote Fertilizer Plant began operations in Lagos, strategically situated in the Lekki Free Zone. Dangote Fertilizer Limited (DFL) boasts the title of Africa’s largest Urea Plant, with a $2.5-billion investment and a production capacity of 3 million tonnes per annum.

5. Nascon Allied Industries: Nascon Allied Industries Plc, a subsidiary of Dangote Group, produces edible salt for industrial and domestic use in Nigeria. Their product range includes iodine-fortified kitchen salt, fine butter salt, granulated kitchen salt, and industrial salt. The company operates factories in Oregun, Apapa, and Port Harcourt, with a total installed capacity of 400,000 tonnes per year for bags and 100,000 tonnes per year for sachets.

6. United Bank for Africa: Dangote holds 301,971,608 shares in United Bank for Africa (UBA), a prominent pan-African financial services group operating in 20 African countries, France, the UK, and the United States. UBA ranks 14th in value on the NGX, with a market capitalization of N510 billion ($641.36 million).

7. Jaiz Bank Plc: Through his company Dangote Industries Limited, Dangote owns 7.24 percent of Jaiz Bank Plc, equivalent to 2,500,000,000 ordinary shares valued at $6.29 million. Jaiz Bank Plc is a Nigerian non-interest banking company based in Abuja, offering various banking services like savings, current, investment, and term deposit accounts, as well as financing options for auto, household appliances, and school fees.

8. Twister B.V.: In 2016, Dangote Industries Limited purchased Twister B.V. from Shell Technology Ventures Fund. Twister B.V., located in the Netherlands, specializes in gas processing solutions for the oil and gas sectors, including conditioning systems, hydrate separators, engineering design, and consulting services.

9. Dangote Sinotruk: In 2017, Dangote Industries founded a $100-million truck assembly plant in Lagos, in partnership with Chinese company National Heavy Duty Truck Group (SINOTRUK). The plant, situated in Ikeja, can produce 10,000 trucks per year. Dangote Group holds a 60-percent ownership stake, while Sinotruk owns 40 percent.

10. Greenview Development Nigeria Limited (GDNL): Greenview Development Nigeria Limited (GDNL) is Dangote Group’s terminal operating arm, and it operates Terminal E of the Lagos Port Complex (LPC) in Apapa, Lagos.

11. Dangote Agro Sacks Limited: Dangote Agro Sacks Limited makes bags for packaging goods produced by its group companies. It has three factories in Ikeja, Lagos, and one in Obajana, Kogi State. The company produces woven, laminated, and A.D. star cement sacks.

12.Dangote Sinotruk: In 2017, Dangote Industries teamed up with Chinese company SINOTRUK to create a $100-million truck assembly plant in Lagos, called “Dangote-SINOTRUK Plant.” Situated in Ikeja, Lagos, the plant has an annual production capacity of 10,000 trucks. Dangote Group holds a 60-percent ownership stake in the plant, while Sinotruk owns the remaining 40 percent.

13. Saipem Dangote E&C: In 2015, Saipem, a major Italian oilfield services multinational, joined forces with Dangote’s company, Dangote Industries Limited, to establish Saipem Dangote E&C. This firm specializes in handling intricate Engineering & Construction projects in Africa.

14. DIL Power Limited: DIL Power Limited is the owner of the Dangote Oil Fired Power Plant, a 400MW oil-fired power project.

15. Dangote Granite Mines Limited: Dangote Group owns and operates a massive granite mine in Ogun State, Nigeria’s southwest region.