Africa's Richest Man, Aliko Dangote, Loses 845 Million In Net Worth During 3-day Market Decline
- Dangote Cements stock decline has erased 845 million from Aliko Dangote's wealth in three days, reducing his net worth to 27.2 billion.
- Dangotes 86 stake in Dangote Cement dropped from 4.53 billion to 3.65 billion, highlighting the impact of a sharp price fall.
- Despite losses, Dangote remains Africas richest person, with his oil refinery stake contributing 18.6 billion to his fortune.
The sustained sell-off in Dangote Cement shares on the Nigerian Exchange NGX has dealt a heavy blow to the fortune of Aliko Dangote, Africas richest man.
Over the past 24 hours, a sharp decline in the cement giants stock price has erased 390 million from his wealth, bringing his total losses over the past three days to a staggering 845 million.
According to the Bloomberg Billionaires Index, which tracks the fortunes of the worlds 500 wealthiest individuals, Dangote, 67, has seen his net worth fall to 27.2 billion from 28.1 billion this week, according to the Bloomberg Billionaires Index .
His 86 percent stake in Dangote Cement has taken a hit, with shares dropping from N478.8 0.31 at the start of the year to N387.9 0.25. The slump has slashed the market value of his stake from 4.53 billion to 3.65 billion.
Africas wealthiest sees 852 million lossYear-to-date, Dangotes net worth has fallen by 852 million, marking a 3 percent decline from his wealth estimate at the start of 2025.