Nigeria's richest person loses $10.6 billion in 250 days amid weak naira, failed merger, and investor sell-off
Nigerian billionaire Aliko Dangote loses $11 billion in 250 days due to naira decline, failed merger, and market sell-off.
Nigerian billionaire Aliko Dangote loses $11 billion in 250 days due to naira decline, failed merger, and market sell-off.
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
The key factor behind the plunge in Johann Rupert’s fortune is the recent decline in the market value of his 10.18-percent stake in Richemont.
Boasting a net worth of $8.3 billion, Sawiris now comfortably sits among the ranks of the world’s 300 wealthiest individuals.
With his current fortune of $9.43 billion, Oppenheimer now claims the 231st spot on the global list of the wealthiest individuals.
As the Al Nahyan family claims the top spot with a $305-billion fortune, the absence of African billionaire families highlights the stark disparities in wealth accumulation.
Naguib Sawiris has seen his wealth figures slump by $350 million over the past 49 days, translating to an average loss of $7.14 million per day since Sept. 13.
With his current fortune of $9.25 billion, Oppenheimer claims the 231st spot on the global list of the wealthiest individuals.
The recent upswing in Al-Amoudi’s wealth follows a temporary exit from the Bloomberg Billionaires Index.
The wealth gap between Aliko Dangote and Robert F. Smith has significantly decreased, raising the stakes in this high-profile competition.
Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
Rabiu joins Bloomberg’s billionaires’ list, showcasing Africa’s rising business leaders.
Recent agreement could make Forrest richer and unlock gains for Kenya.
Oppenheimer also owns South Africa’s largest private game reserve, Tswalu Kalahari.