March 3rd, 2015 – Nigerian Billionaire Aliko Dangote Loses $10 Billion Of Net Worth In 2015, Recovers $900 Million
The founder of Dangote Group of Company, Hausa Billionaire Alhaji Aliko Dangote has suffered a big blow in the first two months of year 2015.
The Kano born business mogul who lost $10 billion from his $25 Billion net worth last week has recovered a fraction of the loss within a week.
The good news came from the Nigerian Stock Exchange as market capitalisation is fast inching near N10 trillion from its low of N9.1 trillion a few weeks back.
Making an appearance at number 23 on the Forbes list on November 5, 2014, with $25 billion, our joy was short-lived as Dangote’s fortunes nose-dived, and settled at $14.9 billion on Monday, February 16, 2015. His ranking on the list dropped to number 63.