Just 3 days after gaining N15.6bn, Dangote loses N141bn in 24 hours


On Monday he lost N141bn following intense pressure of global markets as a result of ripples from the Chinese economic crisis. According to Bloomberg Billionaires Index, Dangote 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.”

Dangote gained $79.2m (N15.6bn) gain from Thursday to Friday last week, only to lose the same amount about 9 times over. Asia’s richest man, Wang Jianlin, lost $3.6bn while the world’s richest man, Bill Gates, lost $3.2bn…… Nigerian richest musician, Korede Bello, also lost his Glo sim card on dt same black Monday. May God help us…..

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