Aliko Dangote, has joined the longlist of
billionaires whose fortunes have tumbled over the
past few days. The Africa’s richest man, on
Monday, reportedly lost N141 billion following
intense pressure of global markets as a result of
ripples from the Chinese economic crisis. The 58-
year-old was just one of 197 billionaires who lost
billions of dollars in 24 hours, with only three of
the world’s top 200 billionaires making gain on
‘Black Monday.’
The Chairman of Dangote group lost $708.6
million (N140 billion) as Chinese stocks sank lower
after a rout on August 24 that the official state
news agency, Xinhua, dubbed ‘Black Monday.’
According to Bloomberg’s Billionaires
Index, Dangote gained $79.2m (N15.6bn) gain
from Thursday to Friday last week, only to lose
the same amount about nine times over.
Wang Jianlin, Asia’s richest man, and Bill Gates,
the world’s richest man, lost $3.6 billion and $3.2
billion respectively as the worst-hit billionaires on
Monday.
Mark Zuckerberg, Facebook founder, lost $1.7
billion, placing him behind Warren Buffet, world
number three billion, who lost $2 billion.
The only three gainers were Alwaleed al-Saud, a
Saudi business magnate; Tadashi Yanai, founder
of Japanese Fast Retailing; and Petr Kellner, a
Czech businessman. They gained $169 million, $
105.5 million and and 87.3 million respectively.

www.ngtrends.com/2015/08/dangote-loses-n141bn-within-24hrs-in-plunging-stock/

Yes