Aliko Dangote Loses 35% Of His Wealth Worth $5.4 Billion In Just One Year of Buhari’s Administration

by Francis Nwokike

According to International business site Bloomberg Africa’s richest man, Aliko Dangote, has lost more than a third of his wealth this year alone. According to the article, Dangote has lost 35% of his wealth which sums up to $5.4 billion. The losses are attributed to commodities slump and the devaluation of the Naira in June.

Aliko Dangote Loses 35% Of His Wealth Worth $5.4 Billion In Just One Year of Buhari's Administration

Aliko Dangote

Dangote’s net worth is $9.9 billion, a 62% drop since January 2014, according to the Bloomberg Billionaires Index.

Aliko Dangote Loses 35% Of His Wealth Worth $5.4 Billion In Just One Year of Buhari's Administration 2

Africa’s second-wealthiest person, South African Christo Wiese, trails Dangote by $2.8 billion with his fortune climbing 12 percent this year on the index.

Also Read: 2017 Latest Rich Ranking by Forbes