Cover Stories, News

Dangote smiles, recoups $800 million in one day

Africa’s richest man and pride of the continent, Alhaji Aliko Dangote, 58, recouped $800 million in one day from his lost fortunes!

The cement, sugar,  flour and salt king who has his hands in oil and more, was worth $3.6 billion on Monday, February 8, 2016, on the Forbes rich list. And by Tuesday (February 9), his net-worth rose to $14.4 billion.
The remarkable recovery reportedly put a smile on the face of the father of three daughters.
Dangote, at his peak, was worth $25 billion – but his fortunes nose-dived following the crash of stocks, falling value of naira and oil prices.
Along with the top five richest Nigerians, his net-worth cascaded south, recording more than 40 per cent loss.
Today (Wednesday, February 10, 2016), our top billionaires are marginally recouping their losses.
Dr. Michael Adenuga, 62, has $3.1 billion against his name (from $4.7 billion): Femi Otedola, 52, $1.6 billion (from $1.72 billion): Mrs. Folorunsho Alakija, 65, $1.6 billion (from $2.5 billion) and Alhaji Abdulsamad Rabiu, 55, $1.1 billion (from $1.2 billion).



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