Connect with us

Breaking news

Dangote’s wealth drops by $2.5bn in one month

Published

on

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index.

The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27.

He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person.

Read also: Coronavirus: Buhari should request for release of Abacha’s $308m loot from US to compensate Nigerians– Omokri

Reno Omokri has advised President Muhammadu Buhari to approach the Unuted States President, Donald Trump, for the release of $308 million looted and starched by Nigeria’s…

“Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N901.2bn ($2.5bn) in 2018. It also has interests in sugar, salt, flour, fertiliser and packaged food,” Bloomberg said.

The share price of Dangote Cement Plc, the biggest listed company on the Nigerian Stock Exchange, fell by 23.71 per cent to N129.70 on Thursday from N170 on February 25, 2020.

Dangote became $4.3bn richer in 2019, ending the decade with a net worth of almost $15bn, making him the 96th wealthiest man in the world, according to the index.

The founder and Chief Executive Officer of Amazon, Jeff Bezos, remains the richest person in the world with a total net worth of $116bn, followed by Bill Gates ($96.4bn), Bernard Arnault ($77bn), Warren Buffett ($71.2bn) and Mark Zuckerberg ($60bn).


CLICK TO RECEIVE LATEST JOB NEWS ON YOUR PHONE


CLICK TO RECEIVE LATEST JOB NEWS ON YOUR TELEGRAPH

Contact: [email protected]

  
  
Click to comment

Leave a Reply

Trending