Aliko Dangote Has Lost About $5.4billion This Year, Which Is 35% Of His Total Wealth



According to International business site Bloomberg, Africa's richest man, Aliko Dangote, has lost more than a third of his wealth this year alone.

According to the article, Dangote has lost 35% of his wealth which sums up to $5.4 billion.

The losses are attributed to commodities slump and the devaluation of the Naira in June.

Dangote's net worth is $9.9 billion, a 62% drop since January 2014, according to the Bloomberg Billionaires Index.

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