According to a report by Bloomberg Billionaires, Africa’s richest man has lost half of his $25 Billion wealth in just six months.
The news which was shared on Twitter did not give details but its quite obvious that its due to the downturn of the Nigerian Stock Exchange as most of Dangote’s wealth is from his Dangote Cement company.
The stock market has been experiencing a downturn for some months now partly due to foreign investors pulling funds out of the economy out of fear over the elections and the recent fall of the naira against the dollar.
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