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Thursday, 19 November 2015

Dangote Loses N1trn Net Worth In One Year

Nigeria’s Alhaji Aliko Dangote lost N1 trillion ($5 billion) in one year  as a result of drop in prices of shares at the stock market in Dangote cement even as he retains his position as Africa’s richest man.
According to Forbes’ Africa 50 richest 2015 released, yesterday, Dangote is still the number one richest African for the fifth year in a row, but his $16.7 billion net worth is nearly $5 billion lower than a year ago, a result of a drop in the stock price at his Dangote Cement and a weaker Nigerian currency.

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