AFRICA’S RICHEST MAN, ALIKO DANGOTE FALLS OFF THE LIST OF 100 RICHEST PEOPLE IN THE WORLD

            Due to the new ‘free-fall’ policy of the naira, Nigeria and Africa’s richest man, Aliko Dangote has fallen off the list of the 100 richest people in the world.
 

            Aliko Dangote who was the 51^st richest man in the world as at March, 2016, fell to the 71^st position at the launch of the new foreign exchange regime on the 23^rd of June, 2016 and as at Monday, 25^th of July, 2016; he dropped further to the 101^st position.
 

            According to Bloomberg billionaires, Dangote who was worth $15.4 billion which was approximately N3.05 trillion in march, is now worth $11.1 billion which is approximately N3.3 trillion now, thus making him richer in Naira but poorer in Dollars.