Skip to main content

Dangote loses over 30% of his wealth in 2016

Africa’s richest man and President of the Dangote Group, Aliko Dangote, has lost 32 percent of his wealth, according to the Bloomberg Billionaires’ Index.

Bloomberg reported on Wednesday that Dangote lost $4.9bn or one-third of his wealth as the combined effect of falling oil prices and the June devaluation of Nigeria's Naira pushed him to No. 112 on the billionaires’ list with $10.4bn.

Before now Dangote was the world’s 46th-richest person.

Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud fell by $4.9bn, a 20 percent drop, the report said.

Prince Alwaleed had said in November that all of his stakes in public companies, including Citigroup Incorporated, were potentially for sale, reversing a longstanding policy that some of his most-prized shareholdings were “forever.”

Also, wealth creation in China turned negative for the first time since the inception of the Bloomberg index five years ago, with the country’s richest losing $11bn in 2016.

Comments

Post a Comment

Popular posts from this blog

Watch shocking video which shows a Filipino maid being sexually harassed by her Saudi Arabia boss

  A Filipino maid living and working in Makkah, Saudi Arabia shared this shocking video of her boss sexually harassing her while she was busy in the laundry room.
Post a Comment
Read more

21 year old model has 4.4m Instagram fans thanks to her natural curves (photos)

21-year-old top Russian model Anastasia Kvitko has amassed a whopping 4.4million followers on Instagram thanks to her eye whopping shape that includes natural boobs and bum that has seen her being compared to Kim Kardashian. Anastasia, who has been dubbed 'Russia's Kim K' has now moved to Los Angeles to pursue her modelling career boasting a 38-25-42 figure. According to MailOnline she said:  "'I like Kim Kardashian but I don't quite like being compared to her - she is far behind me."  My body is sporty, my hip muscles are trained, my bottom is the most beautiful one, and I have not done any plastic surgeries on my face." While some fans speculate that Anastasia's figure is down to surgery, she claims to be completely natural. '''I like to see bosoms and bottoms, I don't like over slim girls. But you have to be careful with American girls. They often go through surgeries and pour fat into their bottoms taken from
Post a Comment
Read more

Nigerian and Cameroonian men who organized sham marriages jailed in the UK (photo)

Two men who orchestrated sham marriage scam in the UK have been jailed. Martin Okoko, 31, a Nigerian national and a 45-year-old Cameroonian national organised bogus weddings in an attempt to by-pass immigration rules. The marriages between Hungarians, Nigerians and Cameroonians took place in Gretna and Leicester between 2007 and 2012. Odume also took part in a fake marriage of his own in order to gain residency in the UK. Sarah Knight, prosecuting, told Leicester Crown Court the pair were caught following an inquiry by Immigration Enforcement Criminal Investigations officers, which began when intelligence was received that Okoko was arranging sham marriages from a shop he ran in Woodgate, Leicester.  There were also separate reports from registrars in Gretna of suspicious marriages involving individuals from the Leicester area. At the end of a six week trial, a jury found Okoko, of Aikman Avenue, New Parks, Leicester, guilty of two offences of assisting unlawful immigration and
Post a Comment
Read more