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
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.