Nigerian billionaire Aliko Dangote’s fortune has fallen by 35 percent this year — representing a loss of $5.4 billion — on the back of a commodities slump and a devaluation of the naira in June according to Bloomberg.
The cement mogul’s net worth is $9.9 billion, a 62 percent drop since January 2014, according to the Bloomberg Billionaires Index.
Africa’s second-wealthiest person, South African Christo Wiese, trails Dangote by $2.8 billion with his fortune climbing 12 percent this year on the index.
Follow us on Twitter at @thesignalng
Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.