Dangote Lost Half Of His Fortune In The Last 6 Months? - Business (2) - Nairaland
Nairaland Forum › Nairaland General › Business › Dangote Lost Half Of His Fortune In The Last 6 Months? (32664 Views)
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by julioralph(m): 4:40pm On Feb 12, 2015 |
gen2briz:Lolz |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by bilo1(m): 4:41pm On Feb 12, 2015 |
. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 4:41pm On Feb 12, 2015 |
okay |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Sanpearl(f): 4:43pm On Feb 12, 2015 |
Story for the Gods.. How does it concern me? |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 4:43pm On Feb 12, 2015 |
Dereformer:AMEN O AND IT WILL COME TÓ MY SIDE IN JESUS CHRIST NAME. AMEN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Karleb(m): 4:44pm On Feb 12, 2015 |
hazyfm1:Just when I thought I was alone, I wonder o. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by biafranqueen: 4:45pm On Feb 12, 2015 |
ibson99:Son ignorance is not an excuse, so you too feel Nigeria President can control the oil market hummm? Or its GEJ fault that Past Head of States did not diversify the economy and have had this problem every time oil prices slump. We have to read more my people... |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by oloworulz(m): 4:45pm On Feb 12, 2015 |
Nothing works under GEJ's govt. Dangote should allow d wind of change to blow in his life and business |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by ooshinibos: 4:46pm On Feb 12, 2015 |
oil price and PDP funding |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by zurine(f): 4:46pm On Feb 12, 2015 |
why making first front page, every business certainly rise and falll |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by ooshinibos: 4:46pm On Feb 12, 2015 |
he will get it back when PDP is re elected |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Omooba77: 4:49pm On Feb 12, 2015 |
Money certainly have wings and can fly like birds,Proverb 23:5 |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 4:51pm On Feb 12, 2015 |
Jonathan |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Igweone1: 4:54pm On Feb 12, 2015 |
madridguy:through the expense ko! |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 4:55pm On Feb 12, 2015 |
Prophet Sulieman 19th prophesy: Dangote will not have it smooth this year, he will drop from being African richest |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by lastmessenger: 4:55pm On Feb 12, 2015 |
madridguy:Am so happy that there are people like you who really sees things in the right perspective. One man who has exploited Nigerians since the military Era is dangote.in my opinion his money is blood money. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by bodeoni: 4:55pm On Feb 12, 2015 |
It is expected as a lot of foreign investors pulled out of Nigeria with the recent fall in the Naira coupled with the fall in Oil prices. Dangote took the major brunt of this as he owns about 91% of the Dangote group. But he will definitely bounce back eventually probably even bigger. I just hope this doesn't affect the good folks who work for him. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by MadCow1: 4:58pm On Feb 12, 2015 |
[size=18pt]Some of his monies went to election Financing..[/size] After Jonathan wins, he will be given so many contracts that he would reclaim his position as Number 1 bastard Billioniare in Africa and London combined.. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Ibime(m): 4:59pm On Feb 12, 2015 |
Two simple things: Stock price of his holdings fell (NSE has fallen ~30% in the 6 month period). NSE and oil price have strong correlation. Naira value fell reducing his dollar value He will rise again when oil price rises |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by 100Cents: 5:02pm On Feb 12, 2015*. Modified: 5:21pm On Feb 12, 2015 |
I used this same sentence with my friend just 2 days ago. Just told him. " I lost half of my worth between January 2013 to January 2015 ". And it taught me how to do things differently. OBJ made dangote rich.. Let the money change hands.. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Macelliot(m): 5:02pm On Feb 12, 2015 |
agabasam:Hmm! Rilwayne001 come and see this. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by aariwa(m): 5:03pm On Feb 12, 2015 |
how can such a man forgive Jonathan in his innermost heart of hearts |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by tobyemmanuel(m): 5:06pm On Feb 12, 2015 |
Most of his wealth were saved up in Naira, Naira has fallen that is why his wealth in terms of dollar is reduced. He better pray naira strengthens than before. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 5:06pm On Feb 12, 2015 |
Dereformer:I am very sorry for you, do not go and work. Keep waiting for God to take other people's sweat and hand it to you. The price of his shares only depreciated as a result of bad economic times Nigeria is facing, it does not mean any of his factories closed or anything. It is called paper loss and paper gain, go and educate yourself. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by 100Cents: 5:10pm On Feb 12, 2015 |
Ozin: ![]() Yes. I remember that. Ibeto might top him this year.. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by 100Cents: 5:13pm On Feb 12, 2015 |
madridguy:The OBJ connection... Diariz god. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 5:13pm On Feb 12, 2015 |
Anazoric:naira you mean? Coz if valued in dollars his wealth is supposed to rise by percentage increase in dollars for the last six months? |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by 100Cents: 5:16pm On Feb 12, 2015 |
jboy73:You mean the refinery ? But that will start yielding from 2018 or 2019. Anyway, wealth comes frm God. |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 5:18pm On Feb 12, 2015 |
100Cents:Good evening |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Nobody: 5:19pm On Feb 12, 2015 |
The stock market is not doing very well and the values of his company's shares have been eroded over the past 7 months or so |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by JoeCutie(m): 5:27pm On Feb 12, 2015 |
REXREGIS:Not as if we ever hear of him in that unusually big manner. Dangote is a perfect example of what it means to be a perfect gentleman. He is humility & simplicity personified. I hope this isn't true though. Dangote, for what I know, does not deserve this. Again, Nigerian economy would suffer more setback if this is true. ![]() |
| Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by Tmex(m): 5:31pm On Feb 12, 2015 |
The fact that his investments are actually In naira answers it all ,his networth which was said to be $21 billion was in naira coupled with the loss of dangote shares. |
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Or its GEJ fault that Past Head of States did not diversify the economy and have had this problem every time oil prices slump. We have to read more my people...
