ECONOMIC CRISIS: Dangote becomes poorer, See latest Billionaires rankings

Nigeria’s current economy crisis has taken a toll on Africa’s richest man, Aliko Dangote, resulting in the Nigerian billionaire losing $5.4 billion in fortune since this year. According to data obtained, from Bloomberg Billionaires index on Wednesday, August 31, Dangote’s $5.4 billion loss translates to about N1.35 trillion, using an average exchange rate of N250 to a dollar.

The Bloomberg Billionaires index blamed the loss suffered by Dangote on the slump in commodities prices and the devaluation of the naira in June by the Central Bank of Nigeria (CBN). According to the report, the cement mogul who is 118 on the billionaires ranking, stands at a net worth of $9.9 billion, a 62 per cent drop since January 2014.

KWA Video+Picha Za WhatsApp Namba, KuunganishwaBONYEZA/PLAY HAPA👇👇👇👇👇👇👇👇👇👇👇👇>>>>>