Nigerian billionaire and Africa’s richest person, Aliko Dangote, fell 25 places on the Bloomberg Billionaires Index on Monday as the naira tumbled on its first day of trading without a peg to the United States dollar.
Dangote’s fortune fell $3.7 billion, knocking him to No. 71 on the Bloomberg ranking, down from No. 46 on Friday.
The majority of Dangote’s $12.7 billion fortune is derived from a 91 per cent stake in Dangote Cement Plc, which shed two per cent in trading Monday.
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