Aliko Dangote Loses 35% of His Wealth This Year Alone, Summing Up To $5.4 Billion


Business tycoon and African richest man, Aliko Dangote, has lost more than one third of his wealth this year alone.

According to an article in International business site ‘Bloomberg’, Dangote lost 35% of his wealth which sums up to $5.4billion. The losses are however, attributed to the slump in commodities and the devaluation of Naira in June.

According to Bloomberg Billionaires Index, Aliko Dangote’s net worth is $9.9billion, a 62% drop since January 2014.


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