Dangote drops off top 100 rich list as naira crumbles – The Cable

Following the crash of the naira, Aliko Dangote, president of Dangote group, has dropped off the list of the 100 richest people in the world.

Dangote was the 51st richest man in the world as at March 2016, but he had dropped to 101 as at the start of business on Monday.

Dangote, who owns the second largest sugar-refinery in the world, remains richer than Donald Trump, American billionaire presidential candidate, and Oprah Winfrey, US TV personality, who dubs as the  second richest black woman in the world.

Dangote is now worth $11.1 billion, while Trump and Oprah are estimated at $4.5 billion and $3.1 billion, respectively.

The fall in the naira, as against the dollar, from about 198 to about 300, has eroded about a quarter of Dangote’s wealth, as he commits to investing heavily in Africa’s largest economy, Nigeria.

Read more at https://www.thecable.ng/dangote-drops-off-top-100-rich-list-but-remains-richer-than-trump-oprah-combined