
According to Forbes margazine, Dangote was this “year’s biggest loser in dollar terms as his fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Naira and shrinking demand for cement, his largest asset. He still retains the title of Africa’s richest man.
The country that has lost the most ground by far was Russia, which now has 88 billionaires down from 111, less than not just the US and China but now also Germany and India.