Aliko Dangote Loses $397 Million in a Single Day Amid Dangote Cement Share Price Dip

Africa's richest man, Aliko Dangote, experienced a significant financial setback on April 24, 2025, as his net worth declined by an estimated $397 million following a sharp drop in Dangote Cement's share price on the Nigerian Stock Exchange (NGX)

The downturn in Dangote Cement's stock value, which saw shares drop from ₦478.8 to ₦387.9, led to a substantial decrease in the market capitalization of the company. As Dangote holds an 86% stake in Dangote Cement, this decline directly impacted his net worth, reducing it from $28.1 billion to $27.2 billion, according to the Bloomberg Billionaires Index.

This recent loss is part of a broader trend affecting Dangote's financial standing. Over a span of three days, his net worth diminished by approximately $845 million, primarily due to the sustained sell-off in Dangote Cement shares. Despite this, Dangote maintains his position as Africa's richest person, with significant holdings in other sectors, including a 92.3% stake in the newly operational Dangote Oil Refinery, valued at $18.6 billion.​

The depreciation of the Nigerian naira has further compounded the decline in Dangote's wealth. The naira has depreciated by 43% this year, adversely affecting the value of naira-denominated assets like Dangote Cement.

Despite these financial challenges, Dangote's diversified business interests, including Dangote Fertilizer, Dangote Sugar Refinery Plc, and Nascon Allied Industries, continue to contribute to his substantial wealth. His fertilizer plant alone adds $3.02 billion to his fortune, underscoring the resilience and breadth of his industrial empire.

While the recent market fluctuations have impacted Dangote's net worth, his extensive investments across various sectors position him to navigate these challenges and maintain his status as a leading figure in Africa's economic landscape.

As the Nigerian economy continues to navigate currency fluctuations and market uncertainties, the performance of key industries like cement production remains a critical indicator of financial health for both corporations and individual investors. Stakeholders will be closely monitoring Dangote Cement's future performance and its implications for the broader market.​