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.
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.
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.
Oh Dear, Dangote Drops from 51st richest person in the world to 105th
![Oh Dear, Dangote Drops from 51st richest person in the world to 105th]()
Reviewed by getitrightnigerians
on
19:52:00
Rating:
No comments:
Take advantage of our blog traffic and promote your product to millions of viewers.
For advert placements and other Enquiries, kindly send us a mail at getitrightnigerians@gmail.com or call 08025707646, 07031338542
Visit the Play stores to Download our mobile app and stay up -to-date.