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“Aliko Dangote Loses $2.5B In One Month” – Bloomberg

The President/Chief Executive, Industries Limited, , saw its total net worth drop by $2.5B in the last 30 days, according to Billionaires Index. The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9B as of February 25, 2020, to $13.4B on March 26. It had risen to a high of $16.5B on January 27.

He was the only on the list of 500 billionaires and retained his position as ’s richest person. ’s richest person controls Industries, a closely held conglomerate. The , Nigeria-based company owns sub-Saharan ’s biggest cement producer, Cement, which had revenue of ₦901.2B ($2.5B) in 2018. It also has interests in sugar, salt, flour, fertiliser and packaged food” said. The share price of Cement Plc, the biggest listed company on the Stock Exchange, fell by 23.71 per cent to ₦129.70 on Thursday from ₦170 on February 25, 2020. became $4.3B richer in 2019, ending the decade with a net worth of almost $15B, making him the 96th wealthiest man in the world, according to the index.

The founder and Chief Executive Officer of , , remains the richest person in the world with a total net worth of $116B, followed by ($96.4B), ($77B), ($71.2B) and ($60B). According to , net worth figures are updated every business day at the close of every trading day in , with assets categorised as publicly traded companies, private assets (including closely held businesses, art and real estate), cash and other liquid investments and liabilities. “Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to US dollars at current exchange rates,” it said.

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6 Responses

  1. Abdulsomad says:

    Oops

  2. Oluwadamilola says:

    He’ll bounce back 🚶🚶🚶

  3. Henry marley says:

    He’s a legend

  4. Emmanuel says:

    Legend

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