Thursday, 29 December 2016

Dangote loses 32% of his wealth

Africa’s richest man and President of the Dangote Group, Aliko Dangote, has lost 32 per cent of his wealth, according to the Bloomberg Billionaires’ Index.

Bloombergreported on Wednesday that Dangote lost $4.9bn or one-third of his wealth as thecombined effect of falling oil prices and the June devaluation of the naira pushed him to No. 112 on the billionaires’ list with $10.4bn. Dangote was the world’s 46th-richest person in June.

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