
How Dangote Group Lost $900m In 24 hours
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote’s total net worth dropped by $900m on Saturday.
This happened after his flagship company emerged bottom at the end of trading on the Nigerian Stock Exchange.
Data from Bloomberg Billionaires Index showed that his wealth 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.
Mr Dangote’s net worth had risen from $15.5bn on December 13 to close the year 2020 at $17.8bn. In the first seven days of the new year, he gained $600m but lost all …







