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Wednesday, 31 August 2016

Aliko Dangote has lost $5.4 billion this year, representing 35% of his wealth

Wednesday, August 31, 2016


According to International business site Bloomberg, Africa's richest man, Aliko Dangote, has lost more than a third of his wealth this year alone. According to the article, Dangote has lost 35% of his wealth which sums up to $5.4 billion. The losses are attributed to commodities slump and the devaluation of the Naira in June. Dangote's net worth is $9.9 billion, a 62% drop since January 2014, according to the Bloomberg Billionaires Index.
 

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