Aliko Dangote's Fortune Climbs to $39.4B on Refinery Growth

Black Enterprise, citing Business Insider Africa, reports that Bloomberg's Billionaires Index estimates Aliko Dangote's net worth at $39.4 billion, up about $8.84 billion this year and now ahead of MacKenzie Scott. The outlet links much of the gain to his $20 billion Dangote Petroleum Refinery, which it says reported $4.725 billion in net income for the nine months ending Sept. 30, and notes an initial public offering launched Sept. 14. It also says Forbes values his wealth at about $51.3 billion. The money lesson: net worth estimates differ by source, especially for privately held assets.