Africa’s richest person, Aliko Dangote has recorded a wealth decrease of over $1 billion this year.
The drop in the wealth of the business magnate was attributed mainly to the fall in the naira’s value and recent moderation in the value of his equity holdings.
Data from Bloomberg showed that Dangote is ranked 145th on the list of the world’s wealthiest individuals.
Dangote has maintained his position as Africa’s richest person for 12 consecutive years and ended the year with a net worth of $13.9 billion.
The Bloomberg Billionaires Index data reveals that his wealth dropped by $1.17 billion.
It, however, noted that the refinery business has yet to be added to his valuation.
