Aliko Dangote Loses N140B Overnight Due To Chinese Stock Market Failure

Date: 26-08-2015 10:24 am (8 years ago) | Author: CLARA JANCITA
[1] 2
- at 26-08-2015 10:24 AM (8 years ago)
(f)

Aliko Dangote, Africa’s richest man, on Monday, reportedly lost N141 billion following intense pressure of global markets as a result of ripples from the Chinese economic crisis.
Dangote joins a long list of billionaires whose fortunes have tumbled over the past few days.
The president of Dangote group 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.’
According to Bloomberg’s Billionaires Index, Dangote gained $79.2m (N15.6bn) from Thursday to Friday last week, only to lose the same amount about nine times over.
The 58-year-old was just one of 197 billionaires who lost billions of dollars in 24 hours, with only three of the world’s top 200 billionaires making gain on ‘Black Monday.’
Wang Jianlin, Asia’s richest man, and Bill Gates, the world’s richest man, lost $3.6 billion and $3.2 billion respectively as the worst-hit billionaires on Monday.
Mark Zuckerberg, Facebook founder, lost $1.7 billion, placing him behind Warren Buffet, world number three billion, who lost $2 billion.
The only three gainers were Alwaleed al-Saud, a Saudi business magnate; Tadashi Yanai, founder of Japanese Fast Retailing; and Petr Kellner, a Czech businessman. They gained $169 million, $105.5 million and and 87.3 million respectively.

Posted: at 26-08-2015 10:24 AM (8 years ago) | Hero
- PoliticxGuru at 26-08-2015 10:49 AM (8 years ago)
(m)
o boy see money
Posted: at 26-08-2015 10:49 AM (8 years ago) | Hero
Reply
- Anny01 at 26-08-2015 10:55 AM (8 years ago)
(m)
He's still wealthy and may regain double of that amount within days.
Posted: at 26-08-2015 10:55 AM (8 years ago) | Gistmaniac
Reply
- Anny01 at 26-08-2015 10:57 AM (8 years ago)
(m)
He's still wealthy and may regain double of that amount within days.
Posted: at 26-08-2015 10:57 AM (8 years ago) | Gistmaniac
Reply
- Anny01 at 26-08-2015 10:58 AM (8 years ago)
(m)
He's still wealthy and may regain double of that amount within days.
Posted: at 26-08-2015 10:58 AM (8 years ago) | Gistmaniac
Reply
- Anny01 at 26-08-2015 11:02 AM (8 years ago)
(m)
He's still wealthy and may regain double of that amount within days.
Posted: at 26-08-2015 11:02 AM (8 years ago) | Gistmaniac
Reply
- Blessed75 at 26-08-2015 11:51 AM (8 years ago)
(m)
Now cement price will increase 
Posted: at 26-08-2015 11:51 AM (8 years ago) | Gistmaniac
Reply
- eoadex2003 at 26-08-2015 11:55 AM (8 years ago)
(m)
Strange world, wicked world.
Posted: at 26-08-2015 11:55 AM (8 years ago) | Gistmaniac
Reply
- gogoman at 26-08-2015 11:57 AM (8 years ago)
Online (m)
ok na we don hear
Posted: at 26-08-2015 11:57 AM (8 years ago) | Grande Master
Reply
- Fashoney at 26-08-2015 11:59 AM (8 years ago)
(m)
As he losses na so he go gain more with time!
Posted: at 26-08-2015 11:59 AM (8 years ago) | Gistmaniac
Reply
- PaskyWosky at 26-08-2015 12:00 PM (8 years ago)
(m)
that's d trend of life, ups n downs
Posted: at 26-08-2015 12:00 PM (8 years ago) | Upcoming
Reply
- beneno at 26-08-2015 12:19 PM (8 years ago)
(m)
Oooooooh
Posted: at 26-08-2015 12:19 PM (8 years ago) | Addicted Hero
Reply
- ngfineface at 26-08-2015 12:55 PM (8 years ago)
(f)
He will pick up again so no shakes
Posted: at 26-08-2015 12:55 PM (8 years ago) | Hero
Reply
- osarobo62 at 26-08-2015 01:03 PM (8 years ago)
(m)
all na speculation or paper money.
Posted: at 26-08-2015 01:03 PM (8 years ago) | Hero
Reply
- Camara77 at 26-08-2015 02:17 PM (8 years ago)
(m)
See format....increment of Rice and Cement Next.
Posted: at 26-08-2015 02:17 PM (8 years ago) | Newbie
Reply
- franklinseyea at 26-08-2015 02:33 PM (8 years ago)
(m)
ISIS at work.... I can sensed that
Posted: at 26-08-2015 02:33 PM (8 years ago) | Gistmaniac
Reply
- elchymo at 26-08-2015 02:43 PM (8 years ago)
(m)
Dis money wey dem dey call anyhow, who dey count am? Huh? Huh? Huh?
Posted: at 26-08-2015 02:43 PM (8 years ago) | Hero
Reply
- dareper at 26-08-2015 03:50 PM (8 years ago)
(m)
Hmmm
Posted: at 26-08-2015 03:50 PM (8 years ago) | Hero
Reply
- omominiyi at 26-08-2015 04:36 PM (8 years ago)
(m)
See money ooo
Posted: at 26-08-2015 04:36 PM (8 years ago) | Newbie
Reply
- omominiyi at 26-08-2015 04:36 PM (8 years ago)
(m)
See money ooo
Posted: at 26-08-2015 04:36 PM (8 years ago) | Newbie
Reply
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