Africa’s richest man Aliko Dangote losses $900m in just 24 hours
The year goes from bad to worse for Aliko Dangote, Africa’s richest man, after reportedly losing a total of $900 million within 24 hours, according to a report by Bloomberg.
In conversation, it means that the CEO of the Dangote group lost N343,125,000,000 as his company was rated the biggest loser loser at the end of trading on the Nigerian Stock Exchange.
With the loss, Dangote’s wealth has now fell from $18.4 billion to $17.5 billion on Friday, January 8 in a report by Bloomberg Billionaires Index.
However, despite the loss, Dangote keeps his place among the 500 billionaires across the world. He also remains on number 114 on the list of the wealthiest people in the world.
He was 106th before the loss. He is now the only Nigerian on the list reported by Bloomberg.
Dangote made some further fortunes towards the end of 2020 with his wealth jumping from $15.5 billion on December 13 to $17.8 billion.
When the world entered a new year 2021, he further gained $600 million within the first week.