Dangote, who is President of Dangote Group, posted
a $79.2m (N15.6bn) gain from Thursday to Friday,
according to Bloomberg's Billionaires Index. He was
one of six billionaires who saw their fortunes
increase in 24 hours to Friday.
Dangote is Africa's richest man, with a net worth of
$15.4bn, according to the Index.
The other three Africans on the Index are South
Africans: Nicky Oppenheimer formerly of the De
Beers diamond company (net worth $6.7bn) suffered
a $27.9m loss between Thursday and Friday; luxury
goods magnate Johann Rupert (net worth $7bn) saw
his money shrink by $87m, and retailing baron
Christo Wiese (net worth $7bn), lost $220m over the
same period.
The weekly drop for the Bloomberg Billionaires
Index, a group that includes Warren Buffett, Bill
Gates and Mark Zuckerberg, was the biggest since
tracking of the expanded list began in September
2014.
The Bloomberg Billionaires Index takes measure of
the world's wealthiest people based on market and
economic changes and Bloomberg News reporting.
Each net-worth figure is updated every business day
at 5:30 p.m. in New York and listed in US dollars...
a $79.2m (N15.6bn) gain from Thursday to Friday,
according to Bloomberg's Billionaires Index. He was
one of six billionaires who saw their fortunes
increase in 24 hours to Friday.
Dangote is Africa's richest man, with a net worth of
$15.4bn, according to the Index.
The other three Africans on the Index are South
Africans: Nicky Oppenheimer formerly of the De
Beers diamond company (net worth $6.7bn) suffered
a $27.9m loss between Thursday and Friday; luxury
goods magnate Johann Rupert (net worth $7bn) saw
his money shrink by $87m, and retailing baron
Christo Wiese (net worth $7bn), lost $220m over the
same period.
The weekly drop for the Bloomberg Billionaires
Index, a group that includes Warren Buffett, Bill
Gates and Mark Zuckerberg, was the biggest since
tracking of the expanded list began in September
2014.
The Bloomberg Billionaires Index takes measure of
the world's wealthiest people based on market and
economic changes and Bloomberg News reporting.
Each net-worth figure is updated every business day
at 5:30 p.m. in New York and listed in US dollars...
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