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Oh Dear, Dangote Drops from 51st richest person in the world to 105th

Billionaire Nigerian businessman 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 Mr Dangote’s wealth dropped from $15.4bn (£11.8bn) in 2016 to $12.2bn this year, due to Nigeria’s currency being devalued.

Mr 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


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

A sharp rise in Amazon shares meant Mr Bezos's wealth eclipsed that of the Microsoft co-founder for a time according to Forbes.

Mr Bezos, 53, owns about 17% of the shares in Amazon, but also has interests in several other businesses.

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