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Nairaland Forum / Nairaland / General / Politics / Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation (757 Views)
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Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by Ipobdevil: 9:18am On Jul 30, 2016 |
Following the crash of the naira, Aliko Dangote, President of Dangote Group, has dropped off the list of the 100 richest people in the world. Dangote was the 51st richest man in the world as at March 2016, but he dropped to 101th place yesterday, reported online news website, The Cable. Dangote, who owns the second largest sugar-refinery in the world, remains richer than Donald Trump, American billionaire and presidential candidate, and Oprah Winfrey, US TV personality, who ranks as the second richest black woman in the world. Dangote is now worth $11.1 billion, while Trump and Oprah are estimated at $4.5 billion and $3.1 billion, respectively. ALSO READ THROWBACK: Tell Buhari, APC to stop insulting Jonathan, Muazu warns Abdulsalami, Dangote, others The fall of the naira against the dollar from about 198 to over 300 shaved off about a quarter of Dangote’s wealth, as he commits to investing heavily in Africa’s largest economy. At the launch of the new foreign exchange regime on June 23, 2016, Dangote fell from 46 on the world’s billionaire list to 71, and has continued in that manner as the local currency continues to plunge. According to Bloomberg billionaires, Dangote, who was worth $15.4 billion (N3.05 trillion) in March, is now worth $11.1 billion (N3.3 trillion) —richer in naira, but poorer in dollars. http://www.reportsafrique.com/dangote-drops-top-100-rich-list-naira-devaluation/ |
Re: Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by incrediboooh(m): 9:22am On Jul 30, 2016 |
Eeeyah |
Re: Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by rusher14: 9:27am On Jul 30, 2016 |
https://www.nairaland.com/2143774/dangote-lost-half-fortune-last#30661945 Please see from February 2015. |
Re: Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by psucc(m): 9:52am On Jul 30, 2016 |
E never start. By the end of 2019, Dangote will drop off 100th in Africa and 200th in the world. |
Re: Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by shukuokukobambi: 9:56am On Jul 30, 2016 |
Ipobdevil: psucc: That awkward moment when Yeeboe OSU start Zombified wailing on behalf of a gworo chewing kunu sipping fulani almajiri just to hate the gworo chewing daura mallam or have you losers adopted Dangote like you adopted GEJ?? What did Dangote do to GEJ and Okonjo Iwealla that made them cost him as shown in the link below? https://www.nairaland.com/2143774/dangote-lost-half-fortune-last#30661945 |
Re: Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by MeanChris(m): 10:00am On Jul 30, 2016 |
psucc: God Forbid |
Re: Failed Buhari Policy:dangote Drops Out Of Top 100 Rich List On Naira Devaluation by Nobody: 10:37am On Jul 30, 2016 |
Devaluation is a biitch But even at that dangote is still richer than operah and donald trump combined. |
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