Dangote Makes N15.6bn Gain In 24 hours, Now Worth N3tn
While some of the world’s richest people saw their stock value take a hit of $182bn (N35.85tn) over the past week, Nigerian entrepreneur, Aliko Dangote, and 10 others made money amid deepening global market rout.
Dangote, who is President of Dangote Group, posted a $79.2m (N15.6bn) gain from Thursday to Friday, according to Bloomberg’s Billionaires Index. He was one of six billionaires who saw their fortunes rise in 24 hours to Friday.
The world’s 400 richest people lost $182bn last week from their collective fortunes as weak manufacturing data from China and a rout in commodities, sent global markets plummeting.
Dangote is Africa’s richest man, with an estimated net worth of $15.4bn, according to the Index.