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Nairaland Forum / Nairaland / General / Business / Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion (24563 Views)
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Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Emmaxman4best: 4:34pm On Aug 31, 2016 |
According to International business site Bloomberg, Africa's richest man, Aliko Dangote, has lost more than a third of his wealth this year alone. According to the article, Dangote has lost 35% of his wealth which sums up to $5.4 billion. The losses are attributed to commodities slump and the devaluation of the Naira in June. Dangote's net worth is $9.9 billion, a 62% drop since January 2014, according to the Bloomberg Billionaires Index. SOURCE: http://www.petmaxflame.com/2016/08/aliko-dangote-lost-35-of-his-wealth.html Cc; Lalasticlala, Ishilove, Semid4lyfe, Obinoscopy, Mynd44, Dominique 8 Likes 1 Share
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Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Nobody: 4:43pm On Aug 31, 2016 |
D change is even affect Oga Dangote Well am still optimistic, dat naija will b great 32 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by GossipHeart(m): 5:48pm On Aug 31, 2016 |
I pray that this hardship gets worse. I want everybody to feel the heat so that in the next election you go have enough sense to rebuke any presidential candidate from the northern part of Nigeria 160 Likes 12 Shares |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Nobody: 5:48pm On Aug 31, 2016 |
His networth will probably double after the completion of that Lekki refinery That guy is investing heavily in different sectors 22 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by AK481(m): 5:48pm On Aug 31, 2016 |
Kemi adeosun should resign with immediate effect if she has any shame. Buhari should resign and call for a fresh election where he will not participate if he has any shame. I m a honorable man whose promise is my covenant and I expect people to also be like me.buhari has failed based on what he promised. The one wey come vex me be say, Even small me sef don loose money bad bad. You you know that that one million naira u had before April 2015 in bank as saving is reduced to mere 520,000 in value of its usefulness pre-buhari era. 78 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by sukkot: 5:49pm On Aug 31, 2016 |
hmm meaning most of his wealth is mere speculation and not real. most of the billionairs dont have real time money. its speculation money 12 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by lordcabasa(m): 5:49pm On Aug 31, 2016 |
Good news for the zombies 20 Likes 2 Shares |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by chiedu7: 5:49pm On Aug 31, 2016 |
What has he done for Nigeria with his wealth since?? 3 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by WebSurfer(m): 5:49pm On Aug 31, 2016 |
When I heard a bag of cement made an increase from N1,635 to N2,100 .. I knew the Change has slapped him too.. 59 Likes 3 Shares
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Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Emekamex(m): 5:49pm On Aug 31, 2016 |
He will even lose more if the naira keeps nose-diving like a submarine. 3 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by repogirl(f): 5:49pm On Aug 31, 2016 |
In GEjs words, he made him the first richest African from fifth while Buhari, his own brother downgraded his wealth. Funny. 106 Likes 2 Shares |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Unsad(m): 5:50pm On Aug 31, 2016 |
Buhari ft Florida; IT'S GOING DOWN FOR REAL 31 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Firefire(m): 5:50pm On Aug 31, 2016 |
Not only him. An average Nigerian is worst-off under this current "Super Clueless" government. See model below. 26 Likes 3 Shares
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Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by bigtt76(f): 5:50pm On Aug 31, 2016 |
He should have hedged his wealth in more investments internationally than locally knowing the volatility of the local currency and market. He's just being patriotic shaa 5 Likes 2 Shares |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by amanze15(m): 5:50pm On Aug 31, 2016 |
we no go know, when the people running your foundation can give people with good ideas money before, IT dey there, Agro-Alied dey there |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Ikigia: 5:50pm On Aug 31, 2016 |
The economy crisis seems to be everywhere..... 6 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by mokoshalb(m): 5:51pm On Aug 31, 2016 |
Normal... |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Nobody: 5:51pm On Aug 31, 2016 |
With the likes of Dangote losing money one expects investors to come throw more money in this cesspit. They are INVESTORS not PHILANTHROPISTS 30 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Nobody: 5:51pm On Aug 31, 2016 |
Eya sorry aliko..u still rich na..dangote go d use style swear for d dullard ooo |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Nobody: 5:51pm On Aug 31, 2016 |
The first Picture tho. I guess he is looking at Buhari. 16 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Adegokenath(m): 5:51pm On Aug 31, 2016 |
D |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by salabscholar01(m): 5:51pm On Aug 31, 2016 |
ok |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Topestbilly(m): 5:51pm On Aug 31, 2016 |
Even the top dogs are affected 4 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by BABANGBALI: 5:51pm On Aug 31, 2016 |
No wonder he no dey come our house again 7 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Jengem: 5:51pm On Aug 31, 2016 |
Scammer And he is consuming 50% of our weekly forex needs At times 80% 3 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by bettercreature(m): 5:52pm On Aug 31, 2016 |
Not only Dangote ,we are all losers,your 4.5million naira which was 30.000$ In 2014 is now 11.000$ today 14 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by Topestbilly(m): 5:52pm On Aug 31, 2016 |
chiedu7: He created employment for millions in Nigeria and across Africa 21 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by OHIsIManuEL(m): 5:53pm On Aug 31, 2016 |
This is the beginning, ain't seen nothing yet Sai baba 4 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by IVORY2009(m): 5:53pm On Aug 31, 2016 |
The truth of the matter is that Alhaji Dangote has always been over rated, the monopoly he enjoys during the last govt of Jona is no longer so any longer, there is competition now in the market, free entry and exit. 4 Likes 1 Share |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by ramdris(m): 5:54pm On Aug 31, 2016 |
[size=50pt]BUHARI[/size] 12 Likes |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by sinistermind(m): 5:54pm On Aug 31, 2016 |
Uhmm... when Jona said producing African richest man was one of his Achievements thanks to his policies people called him dull, and the same man has lost 35% of his net worth already due to bad policies. Then I guess it is an achievement after all. 30 Likes 2 Shares |
Re: Aliko Dangote Lost 35% Of His Wealth This Year Alone, Amounting $5.4 Billion by sinistermind(m): 5:55pm On Aug 31, 2016 |
IVORY2009: And what's the competition 18 Likes |
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