Dangote was worth $15.4
billion (N3.05 trillion) in March, is now worth $11.1 billion (N3.3 trillion)
as situation which makes him richer in naira, but poorer in dollars.
Nigeria and Africa’s
richest man, Aliko Dangote, has dropped from off the list of the 100 richest
people in the world.
Dangote’s fall is due to
the crash of the naira.
According to Bloomberg,
Dangote who was the 51st richest man in the world as at March 2016, has now
dropped to 101th place.
However, Dangote richer
than Donald Trump, American billionaire and presidential candidate, and Oprah
Winfrey, US TV personality, who ranks as the second richest black woman in the
world. Trump and Oprah are estimated at $4.5 billion and $3.1 billion,
respectively.
The launch of Dangote
refinery, the biggest green-field refinery in the world, billed for 2018/2019
is expected to propel him to the top 20 by 2019.
Dangote cement, one of
Dangote’s major investments in Nigeria, is the biggest company on the Nigerian
Stock Exchange by market capitalisation, and the largest cement producer in
sub-Saharan Africa.
Meanwhile, Dangote Foundation
has promised to rebuild all the health facilities that were destroyed by Boko
Haram, particularly the ones destroyed in Gujba and Gulani local government
areas of Yobe state.
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