The naira devaluation by the Central Bank of Nigeria (CBN) has reduced the wealth of Africa’s richest man, Aliko Dangote and his countryman, Abdulsamad Rabiu, by $5.85 billion. The wealth of nations wealth definition
On Thursday, Bloomberg Billionaire Index disclosed that the net worth of Dangote, the founder of Dangote Group, the majority shareholder of Dangote Cement and Dangote Sugar, lost $3.12 billion. Define wealth
Dangote’s estimated wealth fell from $20.92 billion to $17.8 billion, as the value of his cement and food businesses was affected by the unification of the multiple exchange rates.
