Dangote Gains N15.6bn In 24 hours, And Now Worth N3tn

Alhaji Aliko Dangote, and 10 others made money amid deepening global market rout while some of the world’s richest people lost a sum of $182bn (N35.85tn) over the past week.

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 rise in 24 hours to Friday.

The world’s 400 richest people lost $182bn last week from their collective fortunes as weak manufacturing data from China and a rout in commodities sent global markets plunging.

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.