While some of the world's richest people lost a
sum of $182bn (N35.85tn) over the past week,
Nigerian billionaire, Alhaji Aliko Dangote, and 10
others made money amid deepening global market
rout.
Dangote, who is President of Dangote Group,
posted a $79.2m (N15.6bn) gain from Thursday
to Friday, according to Bloomberg's Billionaires
Index. He was one of six billionaires who saw
their fortunes increase in 24 hours to Friday.
Dangote is Africa's richest man, with a net worth
of $15.4bn, according to the Index.
The other three Africans on the Index are South
Africans: Nicky Oppenheimer formerly of the De
Beers diamond company (net worth $6.7bn)
suffered a $27.9m loss between Thursday and
Friday; luxury goods magnate Johann Rupert (net
worth $7bn) saw his money shrink by $87m, and
retailing baron Christo Wiese (net worth $7bn),
lost $220m over the same period.
The weekly drop for the Bloomberg Billionaires
Index, a group that includes Warren Buffett, Bill
Gates and Mark Zuckerberg, was the biggest
since tracking of the expanded list began in
September 2014.
The Bloomberg Billionaires Index takes measure of
the world's wealthiest people based on market
and economic changes and Bloomberg News
reporting. Each net-worth figure is updated every
business day at 5:30 p.m. in New York and listed
in US dollars.
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