The wealth of a Nigerian billionaire has plummeted, affecting his position on the list of the world’s wealthiest men.

Aliko Dangote Loses Over N500 Billion in Hours
Aliko Dangote Loses Over N500 Billion in Hours

Aliko Dangote Loses Over N500 Billion in Hours

According to Forbes, Dangote’s net worth is $10.6 billion as of Thursday, August 31, 2023, after he lost $716 million ( about N553.82 billion).

Although Dangote’s current net worth keeps him as Africa’s wealthiest man, he has dropped to 174th place in the global billionaire rankings.

Johann Rupert, a South African billionaire, is now on track to surpass Dangote once more, with a net worth of $10.5 billion.

Dangote’s Net Worth Movement Since the Beginning of 2023

  • January- $13.4 billion
  • February- $13.6 billion
  • March- $12.8 billion
  • April-$12.9 billion
  • May- $11 billion
  • June-$10.1 billion
  • July- $10.9 billion
  • August- $10.6 billion

Other Nigerian Billionaires On Forbes

Forbes also profiled the following billionaires:

Abdulsamad Rabiu

Despite a loss of $289 million in the final hours of August, Nigeria’s second richest individual is expected to end the month with a net worth of $6.0 billion. He currently ranks 445th among the world’s wealthiest people.

Mike Adenuga

Adenuga, Nigeria’s third richest man, has a net worth of $3.6 billion at the end of the month. He made his fortune in telecom and oil production over the years.

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By Dee

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