According to Punch, Forbes new estimate indicates that the billionaire, who was once rated by the Magazine to be worth $25bn in February last year, has now lost $12.2bn to the economic headwinds.
The magazine reported On December 23, 2014,that Dangote lost more than $7.8bn of his estimated $25bn fortune between February and December.
Despite interventions by the Central Bank of Nigeria (CBN), The naira has dropped to drop to a new record low of N205.55 to a dollar at the interbank segment of the foreign exchange market
Nigeria’s uncertain political climate and the rescheduling of the February elections has also affected the economy.
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