Africa’s pride and its richest, Alhaji Aliko Dangote, 60, made an extra $200 million in one day…and his net worth stands at $14.5 billion at 11 am on Wednesday, June 21, 2017.
The Kano born king of cement, sugar, flour, salt and more perches at number 78 on the real-time rich list compiled by the prestigious journal, Forbes.
From $11.9 billion in May, he has been regaining some lost grounds.
At his peak, he was number 23 with $25 billion until Nigeria’s economy began a nosedive after the ineptitude of former President Goodluck Ebele Jonathan plunged us into more crisis. With an uncertain political climate, investors retreated and the stock market lost hugely. Oil prices fell and foreign currency market suffered. And with recession, profits were threatened as money disappeared.
Now, there are positive signs as Dangote Group embarks on massive expansion with $20 billion investment and employment of 250,000 people across petroleum, agriculture and allied industry and more.
Our two other dollar billionaires suffered huge losses over the last few days.
Dr. Michael Adenuga, Jnr. lost $200 million as he settles at number 277 with $5.9 billion. The 64 year old chairman of Globacom and Conoil is recovering now as he made $1 million yesterday.
For FAMFA Oil’s 66 year old Mrs. Folorunsho Alakija, she also lost $200 million. She’s number 1,363 with $1.6 billion.