Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,148,368 members, 7,800,740 topics. Date: Thursday, 18 April 2024 at 05:03 AM |
Nairaland Forum / Nairaland / General / How To Calculate Dangote’s Networth (379 Views)
How To Calculate Wall Screeding By Square Meter / Dangote Truck Crushes A Man And 3 Students Dead In Ogun (Graphic Photos) / Dangote Trailer Crushes Lady Dead On Enugu-Port Harcourt Expressway (Graphic Pic (2) (3) (4)
(1) (Reply)
How To Calculate Dangote’s Networth by chiddy56(m): 11:37am On Aug 21, 2017 |
Aliko Dangote is known as Africa’s richest man and a big time business man with operations across the contient. According to Forbes, Dangote has an estimated net worth of $13.5 billion. So how was this net worth arrived at ? Forbes uses holdings in publicly listed companies that are easily verifiable. Here is a break down of how Forbes arrived at his net worth Dangote Cement $9.6 billion Data from the 2016 Annual report of Dangote Cement Plc shows Aliko Dangote is the beneficial owner of Dangote Industries Limited (DIL). DIL holds a 90% stake in Dangote Cement totalling 15,494,247,300 shares. Besides this, Dangote also holds 27,642,637 shares totalling 0.16%. Dangote Cement shares closed at N225 per share totalling N3. 4 trillion. Using an exchange rate of N362.5 to a dollar of the estimated value of the DIL stake is $9.6 billion, while his stake in the firm is worth N6.2 billion or $17.1 milllon. Dangote Sugar $310.1 milllion Alhaji Dangote through DIL and in his personal capacity holds 8,775,541,295 shares in Dangote Sugar Refineries Plc. Using last Friday’s NSE closing figure of N12.81 per share, the total value of the shares is N112, billion which equates to $310.1 million. National Salt Company (Dangote Salt) $58.2 million DIL holds 1,647,763,557 shares in the company. Using last Friday’s NSE closing figure of N12.81, total value of the shares is N21 billion. Converted to dollars, that equates to $58.2 million. Read more https://nairametrics.com/how-to-calculate-dangotes-networth/ Cc lalastica |
(1) (Reply)
Ibadan State, Now Beckons / Nigeria: Most Dangerous Country For Christians -US Lawyers / Vice President Osibanjo Storms Edo State In Grand Style!!
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |