NEWS

    

Aliko Dangote Loses N140billion ( $708.6M ) in 24hrs...

                                                                                                                                                                                                     

According to the Bloomberg’s ranking of the world’s richest people, on Monday, August 24, Aliko Dangote, lost N141billion just in a 24-hour period.

The Cable reports that the famous businessman and philanthropist joined numerous billionaires and  lost $708.6 million (140 billion) following intense pressure of global markets as a result of ripples from the Chinese economic crisis.

The president of Dangote group gained $79.2m (N15.6bn) from Thursday to Friday last week, only to lose the same amount multiplied by nine.
According to the Bloomberg, only 3 out of top 200 billionaires received gain on “Black Monday”.

On December 23, 2014, Dangote  lost more than $7.8bn of his estimated $25bn fortune between February and December due to the slump in oil prices.