₦airaland Forum

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

D change is even affect Oga Dangote

Well am still optimistic, dat naija will b great

His networth will probably double after the completion of that Lekki refinery

That guy is investing heavily in different sectors

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.

Good news for the zombies

What has he done for Nigeria with his wealth since??

When I heard a bag of cement made an increase from N1,635 to N2,100 .. I knew the Change has slapped him too..

He will even lose more if the naira keeps nose-diving like a submarine.

In GEjs words, he made him the first richest African from fifth while Buhari, his own brother downgraded his wealth. Funny.

Buhari ft Florida; IT'S GOING DOWN FOR REAL

Not only him.


An average Nigerian is worst-off under this current "Super Clueless" government.

See model below.

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

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

The economy crisis seems to be everywhere.....

Normal...

With the likes of Dangote losing money one expects investors to come throw more money in this cesspit.
They are INVESTORS not PHILANTHROPISTS

Eya sorry aliko..u still rich na..dangote go d use style swear for d dullard ooo

The first Picture tho. I guess he is looking at Buhari.

D

ok

Even the top dogs are affected

No wonder he no dey come our house again

Scammer

And he is consuming 50% of our weekly forex needs

At times 80%

Not only Dangote ,we are all losers,your 4.5million naira which was 30.000$ In 2014 is now 11.000$ today

chiedu7:
What has he done for Nigeria with his wealth since??

He created employment for millions in Nigeria and across Africa

This is the beginning, ain't seen nothing yet
Sai baba

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.

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.

IVORY2009:
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 how in the market, free entry and exit.

And what's the competition