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Wednesday, 22 June 2016

The gods are not to blame! Aliko Dangote loses $3.7bn ---The Capital Ng

Aliko Dangote

Africa’s richest person, Aliko Dangote, fell 25 places on the Bloomberg Billionaires Index on Monday as the naira tumbled on its first day of trading without a peg to the Unites States dollar.
Dangote’s fortune fell by $3.7bn, knocking him to No. 71 on the Bloomberg ranking, down from No. 46 on Friday. The majority of Dangote’s $12.7bn fortune is derived from a 91 per cent stake in Dangote Cement Plc, which shed two per cent in trading on Monday.
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