Dangote’s Worth
Drops By 32%Nigerian born Africa’s richest man, Mr Aliko Dangote, has lost 32%
of his wealth. Bloomberg reports that the president of the Dangote Group, lost
4.9 billion dollars in June, representing one-third of his wealth.
The
decline resulted from the effect of falling oil prices and the devaluation of
the naira, dragging the magnate’s ranking to 112 on world’s billionaires’ list.
With a total value
of 10.4 billion dollars, Mr Dangote was the world’s 46th-richest person as at
June 2016.
Aliko Dangote was
also recently named as the second most powerful person on the African
continent.
In the latest edition
of its 74 world most powerful people, Forbes Magazine named billionaire Dangote
along with 70 others including Russian President, Vladimir Putin; US
President-Elect, Donald Trump; and German Chancellor, Angela Merkel.
Mr Dangote is listed
as number 71 ahead of Trump, and the 68th most powerful in the world for this
year.
The business mogul
has constantly featured on the list since 2013 when he was listed as the only
black African among 100 most powerful persons on the planet.
As of 2013, Dangote
was the only African listed among the most powerful people in the world before
the Egyptian president, Abdel El-Sisi recently featured on the list.
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