Africa’s richest man, Aliko Dangote has lost a net worth $10.3 billion from his net worth in 2014 representing about 40% of his fortunes according to Forbes.
The Nigerian business mogul, whose fortune drop to $14.7 billion from $25 billion was further propelled downward by a weaker Nigerian currency and reduction in demand for cement.
Inspite of his loss, Dangote retains his spot as Africa’s richest man.
A total of five Nigerians were retained on the list from seven Nigerians who made it in 2014: Aliko Dangote, Mike Adenuga, Folorunsho Alakija, Femi Otedola, and Abdulsamad Rabiu.
Orji Uzor Kalu and Tony Elumelu were unable to make the list.
America’s Bill Gates retained his position as world’s richest person, adding $3.2 billion to hit $79.2 billion. He was followed in second place by Carlos Slim Helu of Mexico and Warren Buffett in third.
While Dangote was the biggest loser, Warren Buffet was the list’s biggest gainer, adding $14.5 billion to hit $72.7 billion.
Forbes also revealed the youngest billionaire on the planet is Evan Spiegel, 24, co-founder of photo-messaging app, Snapchat.
Ok. Good 4 him
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