“My refinery is worth $40 billion” – Dangote reacts to Forbes’ assessment of the billionaire

- Aliko Dangote is the richest African and has made headlines with recent comments about his wealth.
- In an interview with The School of Hard Knocks, he hinted that his net worth may be higher than what is publicly estimated.
- His statements caused significant reactions on the Internet and discussions about his business empire.

Africa’s richest man, Aliko Dangote, has sparked widespread reactions online following comments from his latest interview about his wealth and business empire.
Speaking during an interview with The School of Hard Knocks, a platform that hosts global entrepreneurs and billionaires, Dangote suggested that his net worth could be higher than current public estimates.
When asked about his exact wealth, the billionaire admitted that he could not give an exact figure, but noted that his refinery itself has significant value.
“I don’t really know, but my refinery is worth more than $40 billion, just the refinery. But I don’t know, (the net worth) will come out soon,” he said.
The interviewer cited a Forbes estimate of around $38 billion, sparking a debate about how his wealth is estimated.
Dangote explained that much of his business empire is privately owned, making it difficult for analysts to determine his true net worth.
“They said I’m worth $38 billion because most of our business isn’t listed yet,” he added.
He also spoke about his personality, saying that his humility is rooted in the values taught by his family.
“I’ve been modest my whole life. My family taught me to be very modest, to make sure I didn’t really show off. They taught me to be disciplined and grounded,” he said.
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