Nigerian billionaire Aliko Dangote’s wealth plummets
Published by Joseph Green,
Editor
World Cement,
According to the latest report by BloombergMarkets, Nigerian billionaire Aliko Dangote’s fortune has fallen by 35% this year -- representing a loss of US$5.4 billion.
The fall comes on the back of a commodities slump and a devaluation of the naira in June.
The cement mogul’s net worth now stands at US$9.9 billion, a 62% drop since January 2014.
Edited from source by Joseph Green. Source: BloombergMarkets
Read the article online at: https://www.worldcement.com/africa-middle-east/08092016/nigerian-billionaire-aliko-dangote-wealth-plummets-221/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
Eagle Materials announce fourth quarter and fiscal year 2025 results
Eagle Materials Inc have reported their financial results for fiscal year 2025 and the fiscal fourth quarter ended March 31, 2025.
