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
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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