Figured at 21.2 billion dollars at the beginning of the year 2023, the fortune of the Nigerian billionaire and the richest man in Africa, Aliko Dangote, recorded a fall of almost 6 billion dollars, from 21 $15 billion following the devaluation of Nigeria’s national currency, the Naira.
According to data from the Bloomberg agency based on the Billionaires Index method, this drop, the highest recorded since 2014, is tributary to the wake of the elimination of the double exchange rate in the country at the base of the technical devaluation of the currency. Nigerian.
However, according to the Bloomberg Billionaire Index chosen to calculate Dangote’s assets, it appears that Dangote’s fortune is composed of a cash part which includes all currencies, and a second part which includes the value of the various assets.
Representing the billionaire’s Naira holdings in various ventures, including Dangote Cement Group, Nigeria’s largest industrial company, and its recently handed over fertilizer plant, which are worth $7.5 billion and $5.4 billion respectively .
Despite this tumble, however, Dangote should continue to be the wealthiest African for some time to come thanks to its refinery and fertilizer plant which will be fully operational shortly.
