Follow Us on Google Discover![[Win Some, Loose Some] As ‘Black Monday’ Snatches N140 Billion From Mr. Dangote](https://cdn.nairametrics.com/wp-content/uploads/2015/08/Google-Aliko-Dangote.jpg)
- While other world billionaires lost tons of money last week, Aliko Dangote gained $79.2m (N15.6bn) from Thursday to Friday.
- But his turn was yet to come, and the hit was harder than expected.
- According to Bloomberg’s Billionaires Index, Dangote lost N141 billion on ‘Black Monday’.
- The loss of huge fortune by Africa’s richest man was as a result of the pressure on global markets, due to the Chinese economic crisis.
- After Chinese stocks further nosedived on Monday, Dangote was reported to have lost $708.6 million (140 billion).
- 197 billionaires, including Dangote, lost billions of dollars in 24 hours, with only three of the world’s top 200 billionaires making a gain on Black Monday.
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