OYA Magazine AFRICA'S RICHEST MAN, DANGOTE DROPS 51 PLACES IN FORBES RATING | OYA Magazine

AFRICA’S RICHEST MAN, DANGOTE DROPS 51 PLACES IN FORBES RATING

By on July 28, 2017

By Bankole Wright

Nigerian Billionaire, Aliko Dangote has fallen from being the 51st richest person in the world to the 105th, according to the 2017 Forbes Rich List.

Forbes magazine reports that Dangote’s wealth dropped from $15.4 billion (£11.8bn) in 2016 to $12.2 billion this year, due to Nigeria’s devalued currency.

Dangote, who made his fortune in the production of cement, sugar and flour, made international headlines in 2016 when he said he wanted to buy Arsenal Football Club within the next four years.

Yesterday, Amazon founder Jeff Bezos briefly overtook Bill Gates as the world’s richest man on Forbes’ real-time ranking, but later dropped back to second place.

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