Nigeria, Feb. 19 -- Forbes magazine has ranked Aliko Dangote, Africa's wealthiest business leader, as the 86th richest person globally, with a net worth of $23.9 billion.

This marks a remarkable surge in his fortune over the past year, with an increase of $11 billion-an 85% rise from the $12.9 billion reported by Forbes in February 2023.

His 92.3% stake in the Dangote Petroleum Refinery & Petrochemicals is the primary driver behind this financial growth. The refinery, which has a processing capacity of 650,000 barrels per day, commenced operations in January 2024, producing jet fuel, naphtha, and diesel. By September of the same year, it had also begun gasoline production. This expansion has significantly boosted its output, with report...