Reports say that from Thursday, August 20 to Friday, August 21, Nigerian billionaire, Aliko Dangote, made a profit of $79.2m (N15.6bn).
He was one of six billionaires who saw their fortunes increase in 24 hours to Friday.
The other three Africans on the Index are South Africans: Nicky Oppenheimer formerly of the De Beers diamond company (net worth $6.7bn) suffered a $27.9m loss between Thursday and Friday; luxury goods magnate Johann Rupert (net worth $7bn) saw his money shrink by $87m, and retailing baron Christo Wiese (net worth $7bn), lost $220m over the same period.
The weekly drop for the Bloomberg Billionaires Index, a group that includes Warren Buffett, Bill Gates and Mark Zuckerberg, was the biggest since tracking of the expanded list began in September 2014.
The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting. Each net-worth figure is updated every business day at 5:30 p.m. in New York and listed in US dollars. For more scintillating and juicy stories, follow the official Naijapals accounts On Twitter - @Naijapals and Facebook - www.facebook.com/naijapals
I have been reporting on latest news from Nigeria for almost 10 years now. I report on every possible news area I come across, but always ensure my reports are compiled with dignity and fact to uphold my personal values and duty as a journalist
Posted: at 23-08-2015 09:29 PM (8 years ago) | Addicted Hero
I hope he at least put back some investment on his people, probably the best investment is in human capacity, I watched how one Good Samaritan helped some almajiri children by picking them from the street where they are vulnerable to teaching them how to repair agricultural machine, things like dat are just the beginning and the a step forward to increasing the human capacity in Nigeria.
Posted: at 24-08-2015 12:28 AM (8 years ago) | Gistmaniac