Aliko Dangote Reportedly Losses $900 Million In Just 24 Hours

Aliko Dangote, Africa’ richest man reportedly lost a total of $900 million within 24 hours on Friday, January 8 after his company, Dangote Industries Limited emerged the biggest loser at the end of trading on the Nigerian Stock Exchange.

Bloomerg Billionaires Index reported that Dangote’s wealth reportedly fell from $18.4bn on Thursday to $17.5bn on Friday, making him the 114th wealthiest man in the world, down from 106th the previous day.

The report also showed that Dangote’s net worth had risen from $15.5bn on December 13 to close the year 2020 at $17.8bn. He further gained $600 million within the first week of 2021 but lost all of it and more last Friday.