Dangote loses $10.3 billion… and still remains Africa’s richest man

by Kolapo Olapoju


Despite losing a fortune in the past few months, Nigerian billionaire businessman, Aliko Dangote, still remains atop the African rich-list.

According to Forbes margazine, Dangote was this “year’s biggest loser” in dollar terms as his fortune dropped to $14.7 billion from $25 billion last year.

However, Dangote’s estimated fortune of $14.7 billion sees him comfortably retain his position as the richest man on the African continent.

The sharp nosedive in his fortune was as a result of the devaluation of the Naira and decrease in the demand for cement, which is believed to be his largest asset.

Meanwhile, Bill Gates is yet again the richest person on the planet, a title he’s held for 16 of the past 21 years, while Mexican, Carlos Slim Helu, comes in at number two, while American investor, Warren Buffett, retook the number three spot from Spain’s Amancio Ortega, who is now number four on the world rich-list.

Facebook’s Mark Zuckerberg moves up five spots to number 16, which makes it the first time he is ranked among the world’s 20 richest.

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