Home / E GIST / Africa’s richest man, Aliko Dangote reportedly loses $900 million in 24 hours

Africa’s richest man, Aliko Dangote reportedly loses $900 million in 24 hours

Aliko Dangote - Africa's richest man, Aliko Dangote reportedly loses $900 million in 24 hours

Africa’s richest man, Aliko Dangote reportedly loses $900 million in 24 hours.

Dangote’s whole internet value drop by $900m on Friday as his flagship firm emerged the largest loser on the finish of buying and selling on the Nigerian Inventory Change.

Bloomberg Billionaires Index, which is a rating of the world’s 500 richest folks, confirmed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, making him the 114th wealthiest man on the planet, down from 106th the day before today.

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Regardless of the loss, he retained his place as Africa’s richest particular person as of Friday.

In the meantime, on that very same Friday, South Africa born businessman, Elon Musk surpasses Jeff Bezos to be the richest billionaire on the planet.

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