Friday, 28 July 2017

Aliko Dangote drops in this year's Forbes rich list due to Nigeria’s devalued currency

Africa’s richest man, Aliko Dangote has fallen from being the 51st richest person in the world to the 105th, according to the 2017 Forbes Rich List.
Forbes magazine reports that Dangote’s wealth dropped from $15.4 billion (£11.8bn) in 2016 to $12.2 billion this year, due to Nigeria’s devalued currency.

Dangote, who made his fortune in the production of cement, sugar and flour, made international headlines in 2016 when he said he wanted to buy Arsenal Football Club within the next four years.

Yesterday, Amazon founder Jeff Bezos briefly overtook Bill Gates as the world’s richest man on Forbes’ real-time ranking, but later dropped back to second place.

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