Dangote drops out of 100 richest because of naira devaluation

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Dangote drops out of 100 richest because of naira devaluation

Does not however affect him.
Dangote who was the 51st richest man in the world as at March 2016, dropped to 101th place this week.
Dangote, the owner of the second largest sugar-refinery in the world, is still richer than Donald Trump, American billionaire and presidential candidate, and Oprah Winfrey, US TV personality, who is 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 of the naira against the dollar from 198 to over 300 caused this.
According to Bloomberg billionaires, Dangote, who was worth $15.4 billion (N3.05 trillion) in March, is now worth $11.1 billion (N3.3 trillion).

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