Founder of Dangote Group, Aliko Dangote has lost $10.3 billion of his wealth in the last one year.
According to the latest ranking report released by Forbes, Dangote’s networth moved from $25 billion to $14.7 billion.
Dangote incurred the massive wealth loss due to the devaluation of the Naira and a shrinking demand for cement, his largest asset.
Despite the loss, Aliko is still the richest man in Africa.
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