Mike Adenuga Loses N448Billion In Net Worth In One Week As Dangote Gained N84Billion

mike adenuga loses N448billion net worth

June 27, 2016 – Mike Adenuga Loses N448Billion From Net Worth In One Week As Dangote Gained N84Billion

Like a dream of the night, Nigerian billionaire Mike Adenuga has suffered a huge loss in net worth.

The fluctuating exchange rate which began on June 20 has cost Adenuga a fortune. The Globacom boss reportedly lost $1.6billion within a week while Aliko Dangote gained $300million.

Folorunsho Alakija on the other hand retained her $1.7billion net worth.

Adenuga’s net worth dropped from $8.9 billion to $7.3 billion, a total of $1.6 billion.

8 thoughts on “Mike Adenuga Loses N448Billion In Net Worth In One Week As Dangote Gained N84Billion

  1. The rich also cry,but come to think of it,N448 billion is good money man.One would have expected that the fluctuating exchange rate would hit so hard and have negative impact on many businesses.This is surely not good time for many business owners.Sorry baba olowo.God will replenish your loss in hundred folds.You need not get yourself stressed up,those are part of live challenges that would make you get stronger and stronger.

  2. When your investments worth less than it was yesterday; it is said to loss value, but when you sell below cost price then you sold at a loss. So, Chief did not loss any money, but his investments worth less due to forex exchange and stock market riotous price decline.

  3. It is well, people talking about billions while some are dying bcos they can’t afford 50naira gari.
    Why pity them for loosing anythg, we need this people to be their brothers keeper. Not cryg over loss of money that some people will never dream of seeing in d next generation to come.

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