Dangote's fortune jumps to $51.3bn as Dangote Refinery IPO launches on NGX

On September 14, 2026, Forbes recorded Aliko Dangote’s net worth at $51.3 billion, up $7 million from the previous day, as his Dangote Petroleum Refinery and Petrochemicals (DPRP) launched its initial public offering on the Nigerian Exchange. The IPO opened at ₦525 per share, offering 4.1 billion shares and targeting roughly ₦2.15 trillion, with the subscription period running until October 13, 2026. Analysts say this could become Africa’s largest public share sale. The offering is part of Dangote’s strategy to deepen public ownership of the refinery while raising fresh capital for expansion. The refinery, which began operations in 2024 with a name‑plate capacity of 650,000 barrels per day, is slated to grow to 1.4 million barrels per day—more than doubling its output. Dangote’s fortune, now 3.8 times his 2024 Forbes valuation of $13.4 billion, is tied mainly to Dangote Cement and the wider Dangote Group, with the refinery increasingly contributing to his industrial empire. Will you consider investing in the IPO given the refinery’s growth prospects, or monitor how the expanded capacity could affect local fuel prices and your business costs?

SOURCE: https://nairametrics.com/2026/09/14/dangotes-networth-hits-51-3-billion-as-refinery-ipo-opens/