Nigerian Billionaire Aliko Dangote Loses N1.35T, 62% Of Net Worth In 2016 To Naira Devaluation

dangote loses 62 % of net worth in 2016

Sept 2nd, 2016 – Nigerian Billionaire Aliko Dangote Loses N1.35Trillion, 62% Of Net Worth In 2016 Due To Naira Devaluation

Nigerian currency massive fall has affected Africa’s wealthiest man, Nigerian billionaire Aliko Dangote.

According to Bloomberg latest Index reports, Mr Dangote net worth slump was caused by commodities prices and naira devaluation by the CBN.

Dangote whose net worth since January 2014 is $9.9 Billion has lost 62% of his net worth.

African 2nd-richest man, South African billionaire Christo Wiese on the other hand experienced 12% jump in fortune this year.