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 .