Altogether, the 20 African tycoons on this year’s Africa’s Billionaires list are worth $68.7 billion, down from $75.4 billion from last year on.forbes.com/6018EMtlO
Forbes List: Nigerians react as Dangote’s worth drops to $10.3bn from $25 billion in 2015
Nigerian businessman, Aliko Dangote may have retained his spot as Africa’s leading money bag with an estimated worth of $10.3bn, closely followed by Globacom chairman, Mike Adenuga ($9.2bn), but according to the latest ranking by Forbes, Dangote’s estimated net worth dropped by $2.1bn from 2018.
In 2015, Dangote was reported to have a net worth of $25bn, but three years after, it has reduced to $10.3bn.
Nigerians are reacting on social media with some attributing it to the poor economic condition of the country.