₦airaland Forum

Dangote's Fortune Set to Jump to $58 Bln on Refinery IPO

Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world’s wealthiest as he opens an initial public offering for his refinery.

The tycoon’s net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports.

Bluna:
Owo olowo ni egungun n na

OZIOGU1:
Thats good, however He should diversify pls, real estate, Tech, Education

AdegbemiroX:
Aso alaso ni oga n da bora

tuoyoojo:
this is better than mmm

dont let them trick you o

OZIOGU1:
Thats good, however He should diversify pls, real estate, Tech, Education

salesbloo:
https://www.bloomberg.com/news/videos/2026-09-14/dangote-s-fortune-set-to-jump-23-bln-on-refinery-ipo-video

OZIOGU1:
Thats good, however He should diversify pls, real estate, Tech, Education

Gotocourt:
You are confusing comrades 😕.

tuoyoojo:
A bird does not tell another bird that a stone is coming

Mathain19:
Hope there won't be negative impact of fiscal policy on shareholders..
In terms of
Declining Share Prices: When corporate profits drop, investor confidence falls, causing stock prices to drop.

Higher Taxation: Increases in corporate or capital gains taxes directly reduce a company's net earnings and lower the after-tax returns expected by investors, putting downward pressure on stock.

Just an observation..

Gotocourt:
You go wound
Na to japa Ooooooo

tuoyoojo:
The reason the country is not getting better is because people are benefiting from what is not working

If buying fuel so expensive for now, while we wait for it to get better, it's better to profit from it than to lose 2 zero

At least in your C.V with ur 5k2 , you can say u are part owner of Dangote refinery