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– The new year started with uncertainty, as the richest man in Africa reportedly lost $ 900 million.
– Dangote, as of December 13, 2020, was worth $ 17.8 billion, increasing further in the first weeks of 2021
– The loss, according to a report, has dropped Dangote on the list of billionaires around the world.
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It doesn’t appear to be a bright new year just yet, as Aliko Dangote, the richest man in Africa, reportedly lost a total of $ 900 million in 24 hours, according to a Bloomberg report.
Converted, it means that the chairman of the Dangote group lost N343,125,000,000 as his company was rated the biggest loser at the end of the listing on the Nigerian Stock Exchange.
With the loss, Dangote’s wealth reportedly fell from $ 18.4 billion to $ 17.5 billion on Friday, January 8, as published by the Bloomberg Billionaires Index.
Dominic Fobih – 10-year-old Ghanaian sports journalist on Angel FM featured on BBC
Dangote lost $ 900 million at the end of trading activities on the Nigerian Stock Exchange Source: LinkedIn
Source: Getty Images
Yet despite the loss, Dangote held his place among the world’s 500 billionaires and is now 114th on the list of the world’s richest people.
He was 106th before the loss. He is now the only Nigerian on the list reported by Bloomberg.
Dangote made more fortunes towards the end of 2020 with his wealth jumping from $ 15.5 billion on December 13 to $ 17.8 billion.
When the world entered the new year 2021, it made $ 600 million in the first week.
In December 2020, YEN.com.gh it had reported that only four Nigerians were on its list of billionaires.
He listed these Nigerian entrepreneurs to include: Aliko Dangote, Mike Adenuga, Folorunsho Alakija, and Abdulsamad Rabiu.
Alakija was the only Nigerian woman to make the list before the year was out.
Earlier, YEN.com.gh reported that Dangote hinted at a possible acquisition of Premier League giants Arsenal, saying the acquisition could occur in 2020 or 2021.
Breaking: Tesla’s Elon Musk finally defeats Jeff Bezos, becomes richest man in the worldDangote, an Arsenal fan, was previously linked to the club’s purchase from Stan Kroenke, a deal that could take more than $ 4 billion out of his pocket.
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