Dangote’s wealth surges 63% to $51.3bn after refinery IPO

Aliko Dangote, President of Dangote Industries Limited, saw his net worth increase by $19.9 billion to $51.3 billion following the launch of the Dangote Refinery's IPO. This 63.37% rise moved Dangote from 76th to 36th on Forbes' billionaire ranking. The refinery, valued at about $50 billion, aims to raise ₦2.15 trillion to support its expansion program.