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Adenuga loses $1.6 billion in one week


The one week of flexible exchange rate regime which began on Monday, June 20, has cost us two billionaires dropping from global ranking of wealthiest people, one losing $1.6 billion and another gaining $300 million.

52 year old Mr. Femi OTEDOLA of Forte Oil, worth $1.2 billion before the exchange rate moved from N197 to a dollar, to N281, and Alhaji Aldulsamad Rabiu, 55, worth $1.1 billion, dropped from Forbes rich list.
Today (Monday, June 27 at 2:42 pm) saw $1.6 billion (N448 billion) wiped off the net worth of Dr. Michael ADENUGA, Jnr, 63. But Alhaji ALIKO Dangote, 59, gained $300 million (N84 billion). Only Mrs. Folorunsho Alakija, 65, retained her $1.7 billion fortune.

Adenuga’s net worth dropped from $8.9 billion to $7.3 billion, a total of $1.6 billion.

Dangote gained $300 million (from last week’s $14.6 billion to $14.9 billion).

While Dangote is at number 59 on Forbes list, Adenuga is at number 179, and Alakija, number 1,123.

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