Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Africa's Richest Man Set for $23 Billion Jump in Fortune on IPO
Business & Finance

Africa's Richest Man Set for $23 Billion Jump in Fortune on IPO

Bloomberg Markets Monday 14 September 2026, 10:21 UTC 1 min read
Key Points

Africa's richest man, Aliko Dangote, is set for a $23 billion leap in his net worth with the IPO of his refinery business. Jennifer Zabasajja explains why the continent's biggest listing promises to supercharge the Nigerian's wealth.

Africa's richest man, Aliko Dangote, is set for a $23 billion leap in his net worth with the IPO of his refinery business. Jennifer Zabasajja explains why the continent's biggest listing promises to supercharge the Nigerian's wealth. (Source: Bloomberg)
Africa (LOCATION) Fortune (LOCATION) Aliko Dangote (PERSON) IPO (ORG) Jennifer Zabasajja (PERSON) Nigerian (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

College students feel more pressure to be perfect. Experts explain why

As they navigate their newfound freedom, today's college students might be forming an unexpected and potentially unhealthy habit: perfectionism. Researchers in Canada and the U.K. recently analyzed rates of self-reported perfectionism from 82,939 American, Canadian and British college students between 1989 and 2024. They found that rates of both perfectionistic concerns, such as fear of failure and being negatively judged by others, and perfectionistic strivings, the motivation to set...

CNBC 11m ago

SoftBank shares plunge as calls grow to slow AI development

AI development should slow down, leading developers have warned, as the industry faces growing calls to put safety ahead of profits. The comments weighed heavily on technology shares on Monday. Shares in Japanese investment conglomerate SoftBank Group, a major investor in OpenAI, plunged more than 10% on Monday, alongside other technology shares, after executives at some of the world’s leading AI companies backed calls to prioritise “caution over speed and prudence over profit”.

Euronews 16m ago

Zoopla warns UK rent prices are set to keep rising and higher mortgage costs to blame

Zoopla warns UK rent prices are set to keep rising and higher mortgage costs to blame Zoopla has warned that higher mortgage rates are impacting the number of homes to rent that are available, and this reduced supply is affecting rental costs UK rental costs are set to keep rising over the coming months in bad news for millions of tenants. Zoopla has warned that higher mortgage rates are impacting the number of homes to rent that are available, as would-be first-time buyers are having to...

Daily Mirror 18m ago

Kioxia Is Said to Consider Raising $10 Billion in US Listing

Kioxia Holdings Corp. is considering raising at least $10 billion by listing American depositary receipts, people familiar with the matter said, potentially joining other artificial intelligence-related companies seeking to tap strong investor demand.

Bloomberg Markets 22m ago