Dangote drops off top 100 rich list as naira crashes

Dangote drops off top 100 rich list as naira crashes

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Following the continuous crash of the naira, Africa’s richest man,Aliko Dangote,has dropped off the list of the 100 richest people in the world.
Dangote who was listed as the 51st richest man in the world as at March 2016, had dropped to 101 as at the start of business on Monday.
At the launch of the new foreign exchange regime on June 23, 2016, Dangote fell from 46 on the world billionaire list to 71.According to Bloomberg billionaires, Dangote, who was worth $15.4 billion (N3.05 trillion) in March, is now worth $11.1 billion (N3.3 trillion) —richer in naira, but poorer in dollars..Dangote, who owns the second largest sugar-refinery in the world, remains richer than Donald Trump, American billionaire presidential candidate, and Oprah Winfrey, who is the second richest black woman in the world.

Dangote is now worth $11.1 billion, while Trump and Oprah are estimated at $4.5 billion and $3.1 billion, respectively.

 

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