The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index.

The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27.

He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person.

“Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N901.2bn ($2.5bn) in 2018. It also has interests in sugar, salt, flour, fertiliser and packaged food,” Bloomberg said.

The share price of Dangote Cement Plc, the biggest listed company on the Nigerian Stock Exchange, fell by 23.71 per cent to N129.70 on Thursday from N170 on February 25, 2020.

Dangote became $4.3bn richer in 2019, ending the decade with a net worth of almost $15bn, making him the 96th wealthiest man in the world, according to the index.

The founder and Chief Executive Officer of Amazon, Jeff Bezos, remains the richest person in the world with a total net worth of $116bn, followed by Bill Gates ($96.4bn), Bernard Arnault ($77bn), Warren Buffett ($71.2bn) and Mark Zuckerberg ($60bn).

According to Bloomberg, net worth figures are updated every business day at the close of every trading day in New York, with assets categorised as publicly traded companies, private assets (including closely held businesses, art and real estate), cash and other liquid investments and liabilities.

“Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to US dollars at current exchange rates,” it sai.

Source: https://punchng.com/billionaires-list-dangote-loses-2-5bn-in-one-month/

This pandemic has affected all sectors of the economy worldwide. It may take some months/years for some sectors to recover from their losses. But I pray for God's healing upon the world.

Eya.... The only people who are not losing are Nigerian politicians, even this corona na choppings for some people

See how much person lose in a month but if to say na me bet9ja chop my 1k e go pain me like mad

This is just the beginning
The world economy is going to collapse in the next 3 months

Then the United Nations government will announce a stimulus package to help the nations

On the other hand, Nigerians should get ready to face a hard time, the kind that has never been felt before

It will even affect both rich and poor, even the yeyebrities won't be spared

p

Good ....greedy stingy man.

Expect more of these falls as the shut down campaign enters its second week. But someone like him knows how to get his losses back to profit.

I really hope as a country (Nigeria) we are looking ahead to revive our economy after this issue. That's if the pandemic is not the end of the world

Hunger remains the worst killer.

Even the Bible says a Thousand Years is like a day before God and a day I'd like a thousand years....
Maybe today is not 27th in the spiritual realm

Garrieveryday:
Sad

Sad? I think you need some perspective on life.

it concerns us

All these audio money self tied to stockmarket and other variables self

This is just a temporary setback for Dangote. He would recoup his money back as usual.

Sorry aliko

Mad o

Damn it.

That's a lot of dough mehn!

Don't worry, you will recover more back Alhaji,

That is business for you, you win some and you lose some.

Bounce back soon.

In summary, we all got poorer .

Dangote’s drop is on record because he is the richest in Africa.

Audio lost, he just donated some Billions to FG to fight corona virus

Nawao

this is just the beginning. dangote is a very greedy man. someone who made him wealth out of nepotism. ibete was producing cement when obasanjo retracted his license giving this greedy man alll the market to thrive in. he became so wealthy and focused solely on himself and his people.
his workers are poorly paid.
he keeps buying the entire market. still africans are poor. now he is going into oil production. but he chose lagos for a manufacturing plant. Oyibo that discovered oil chose the niger delter (the actual place where they get this oil).
a black man came and chose the overpopulated lagos.
how can a sane mind be building the biggest plant in african in lagos?
that is choking lagos. lagosians will not see the effect today until they begin to experience the pollution that Niger deltans have been suffering.

why not build this plant in niger delta itself than transporting the crude all the way from niger delta to lagos and then refining it.
these people want the niger deltans to benefit nothing from their own oil. they own all the oil blocks yet opportunities are not provided for these people.

it took Bill Gates to vaccinate dangote's family and the entire nigeria. today nigeria is free from polio because of a white man called Bill Gates. and he vaccinated Dagote's relatives.

today we haev the corronavirus, but it took Jack Ma a Chinese to supply us free medical supplies. and we have the wealthiest man in africa in our backyard.
as soon as the supply from Jack Ma arrive, Buhari and his cohort hijacked it to abuja. instead of sharing it, they used it to sanitize Aso rock.
this is a charity donatino that should have gone to a charity organisation to share. Government should not have touched it. but they used the military to seize it, if ever they wanted to share it, they should have shared it in lagos and not move them to abuja and let alone using the military to move it.
All I know is that every downfall is an uprising. it is time for some poor men to rise. some wealthy will fall by the virus and some poor will rise.
every poor man, use this moment to look for way to grow. not illegally. but now they wealthy are running for their lives, instead of using your life as a bullet proof, take advantage of the opportunities. these men are evil.

dangote is rish enough to fumigate all drains in the country to eradicate mosquitoes that kill nigerians like fleas.
regina daniel and her old puppet just day shout mosquito eradication day deceive themselves.
lagos state bought motorized sprayer and they are announcing it. isnt this what every farmer should have? isnt this what they could have given to farmers initially?
isnt this what they should have been doing or had in place?

the only reason why the government is putting up measures to curb the virus is because the virus is not intimidated by money. if only poor people died like mosquitoes, they would have made no move.
enugu is paying salaries so that you can spend it in times of needs and have nothing to save. they should have been planning packages for all like other countries. they are paying salaries 4 days before month end and they expect to be thanked?

know your right. do not be grateful that someone did his job. no one is grateful that you did yours. it is their jobs to provide these things. stop being a beggar in servitude. nigeria is for all not for the elites only.
this greedy man cannot

Some people get money oo..

so someone can lose $2.5bn and still be alive

Breaking news.....British prime minister Boris Johnson has tested positive for coronavirus

And so what

We are all loosing money too

Dangote

Space Bookers Ass Of Nig Una Welldone O

This Covid-19 should just come and go, biko.
It's not only Dangote that is loosing money, I've also been loosing money to Zoom and Virtual.

Am not concerned afterall Dangote is a benefactor of the corrupt, wasted and useless government Nigeria has been having for years now...

May Almighty God continue to be always protecting all securing us from this deadly virus, no matter how its may Almighty God never let it know it direction to our lifes and all our family and friends amen