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Aliko Dangote, Africa's Richest Man Drops In Forbes Rating - Business - Nairaland

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Aliko Dangote, Africa's Richest Man Drops In Forbes Rating by NaijaMagazineO: 4:28pm On Jul 28, 2017
BILLIONAIRE Nigerian businessman Aliko Dangote has fallen from being the 51st richest person in the world to the 105th, according to the 2017 Forbes Rich List.

Forbes magazine reports that Mr Dangote's wealth dropped from $15.4bn (£11.8bn) in 2016 to $12.2bn this year, due to Nigeria's currency being devalued.

It would be recalled that about this time last year, Mr Dangote suffered the same misfortune as reported by Naija Magazine Online. Read story here titled, 'Naira Devaluation: Dangote Suffers Setback, Appeals to Nigerian Government'

Mr Dangote, who made his fortune in the production of cement, sugar and flour, made international headlines in 2016 when he said he wanted to buy Arsenal Football Club within the next four years.

Continue reading at Naija Magazine Online http://www.naijamagazineonline.com/2017/07/aliko-dangote-africas-richest-man-drops.html

Re: Aliko Dangote, Africa's Richest Man Drops In Forbes Rating by thesicilian: 4:47pm On Jul 28, 2017
The Buhari curse.

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