Dangote, Rabiu add $9.5 billion to wealth YTD 2026
Nigeria’s two leading industrial billionaires, Aliko Dangote and Abdulsamad Rabiu, have seen their combined fortunes rise by about $9.53 billion year-to-date, driven largely by strong performances in their publicly traded cement and food businesses. The post Dangote, Rabiu add $9.5 billion to wealth YTD 2026 appeared first on Nairametrics .
Nigeria's industrial billionaires, Aliko Dangote and Abdulsamad Rabiu, have seen their combined fortunes soar by approximately $9.53 billion year-to-date, according to Bloomberg Billionaires Index data. Dangote's wealth increased by $5.26 billion, or 17.5%, while Rabiu added $4.27 billion, representing a 42.2% rise. Dangote remains Africa's richest person with a net worth of $35.2 billion, while Rabiu's fortune stands at $14.4 billion.
Together, the two billionaires are worth about $49.6 billion. Dangote's net worth is primarily driven by his stake in Dangote Cement, which has seen a 69.8% year-to-date gain, pushing the value of his holdings significantly higher. Rabiu's wealth is largely tied to his holdings in BUA Cement and BUA Foods, both of which are listed on the Nigerian Exchange.
Rabiu's net worth increase is particularly notable, with a 42.2% rise, despite a slight decline in BUA Foods' share price.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
