Aliko Dangote, has joined the longlist of billionaires whose
fortunes have tumbled over the past few days. The Africa’s richest man, on
Monday, reportedly lost N141 billion following intense pressure of global
markets as a result of ripples from the Chinese economic crisis. The
58-year-old was just one of 197 billionaires who lost billions of dollars in 24
hours, with only three of the world’s top 200 billionaires making gain on
'Black Monday.'
The Chairman of Dangote group lost $708.6 million (N140
billion) as Chinese stocks sank lower after a rout on August 24 that the
official state news agency, Xinhua, dubbed 'Black Monday.' According to Bloomberg’s Billionaires Index, Dangote
gained $79.2m (N15.6bn) gain from Thursday to Friday last week, only to lose
the same amount about nine times over.
Wang Jianlin, Asia’s richest man, and Bill Gates, the
world’s richest man, lost $3.6 billion and $3.2 billion respectively as the
worst-hit billionaires on Monday.
Mark Zuckerberg, Facebook founder, lost $1.7 billion,
placing him behind Warren Buffet, world number three billion, who lost $2
billion.
The only three gainers were Alwaleed al-Saud, a Saudi
business magnate; Tadashi Yanai, founder of Japanese Fast Retailing; and Petr
Kellner, a Czech businessman. They gained $169 million, $105.5 million and and
87.3 million respectively.
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