Bloomberg in its latest Billionaire Index reports that Africa’s richest man, Aliko Dangote has lost $ 5.4 billion in his fortune this year.
The loss was occasioned by the massive fall of the Nigerian currency, the Naira as the Central Bank of Nigeria rations the dollar, to stem huge capital outflow in the wake of Nigeria’s worst economic crisis.
This is contained in Bloomberg Billionaires Index released on Tuesday.
The Index blamed the sharp drop in Dangote’s networth on the slump in commodities prices and the devaluation of the naira in June by the Central Bank of Nigeria (CBN)
The report put Dangote’s net worth at 9.9 billion dollars, a 62 per cent drop since January 2014.
Using an average exchange rate of N250 to a dollar, Dangote’s 5.4 billion dollars loss translates to about N1.35 trillion.
However, the report stated that Africa’s second-wealthiest person, South African Christo Wiese, trails Dangote by 2.8 billion dollars with his fortune climbing 12 per cent this year on the index.
You have heard about this? The deployment of soldiers and arms in area Niger Delta was a sign that the government of Muhammadu Buhari was not interested in peace in the region and was intimidating the people. Details can be found here: https://www.naij.com/953544-buhari-lies-talks-anxiety-troops-deploy-weapons-niger-delta-video.html
ReplyDeleteSomeone has billions while nigerians may die before change comes.
ReplyDeleteThat said, Senator Shehu Sani. Are you agree with him? Details can be found here:https://www.naij.com/954995-nigerians-may-die-change-comes-apc-senator-warns-buhari.html
I think that the richest man in Africa in which tens of billions of dollars - this loss is not a hindrance! I think that this billionaire cares about his family and relatives and provided them for many years! By the way, not long ago saw the question what do we know about this billionaire family. I know a lot about him and you can see in the article. Now, if you want the link to this wonderful article: https://ask.naij.com/celebrities/what-should-we-know-about-aliko-dangote-s-family-i27773.html
ReplyDeleteI think that this loss will not affect the General welfare of this rich man. - Because we know a bit about real assets and the legal and illegal sides of his big business: What are Aliko Dangote assets? https://ask.naij.com/celebrities/what-are-aliko-dangote-assets-i26862.html - and would you like to be rich?
ReplyDeleteIt is a very rich man, but all of that started. Some work on the Internet, someone in the office, and someone in the streets the sellers https://ask.naij.com/business/how-to-make-money-as-a-hawker-i28224.html. The success story of the sellers on the street!!!
ReplyDelete