It does not seem to be a bright new
year yet as Aliko Dangote , Africa’ s
richest man , reportedly lost a total of
$ 900 million within 24 hours, according
to a report by Bloomberg .
Converted , it means that the president
of the Dangote group lost
N 343 , 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
reportedly fell from $ 18 . 4 billion to
$ 17 . 5 billion on Friday, January 8 as
published by the Bloomberg Billionaires
Index .
However , despite the loss, Dangote still
maintained a place among the 500
billionaires across the world and is now
number 114 on the list of the wealthiest
people in the world .
He was 106 th 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 .
Africa ’s richest man Aliko Dangote losses $ 900 m in just 24 hours » Hottest
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