Aliko Dangote prepares three daughters to inherit $58 billion business empire

Africa’s richest man, Aliko Dangote, is gradually positioning his three daughters to assume greater leadership responsibilities across his business empire, as the Nigerian billionaire prepares a succession strategy for a conglomerate that could push his fortune to $58 billion.

The 69-year-old industrialist has promoted Mariya, Halima and Fatima Dangote into senior leadership positions, signalling a generational transition within the group, which operates across cement, sugar, fertiliser and petroleum refining.

According to a Bloomberg report published on Thursday, October 22, the succession arrangements come as Dangote prepares to list a minority stake in his $20 billion petroleum refinery, potentially raising at least $1.6 billion.

The proposed listing could increase his estimated wealth by nearly two-thirds to $58 billion, according to Bloomberg Billionaires Index projections.

The conglomerate currently generates approximately $20 billion in annual sales, with Dangote expected to retain control of more than 80% of the refinery’s shares following the public offering.

Dangote’s three daughters, who have worked within the family businesses for more than a decade, were elevated to senior positions in February 2026 as part of efforts to strengthen the group’s leadership structure.

Despite their expanded responsibilities, the sisters maintain that no decision has been reached regarding who will eventually succeed their father as chief executive.

Mariya also clarified that the billionaire has no immediate plans to relinquish control of the conglomerate.

The succession plan comes as Dangote Group expands its presence in African and international capital markets, with several major transactions expected to reshape the ownership structure of its businesses.

Meanwhile, Dangote Cement is pursuing a secondary listing on the London Stock Exchange as part of efforts to attract international investors and broaden its shareholder base.

More recently, Nairametrics reported that NGX Group expanded the refinery’s IPO campaign to Egypt, Ethiopia and Botswana. The offer, initially scheduled to close on October 13, was extended to October 27, 2026.

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