How Currency Liberalisation Dethroned Dangote As Africa’s Richest 

Forbes Real-time Global Billionaires List has placed Aliko Dangote on number 172 with a net worth of $10.7 billion behind South Africa’s Johann Rupert & Family who is ranked 145 with net worth of $12 billion.
This means that South Africa’s Johann Rupert has displaced billionaire businessman Aliko Dangote to become Africa’s richest man.

There have been reports in the media of how Dangote lost $4.12 billion since the CBN decided to float the Naira against the US dollar and other currencies, a development that might have contributed to Dangote’s drop from the list of top 100 richest people in the world, and number one in Africa.

“Aliko Dangote’s wealth has decreased by $4.12 billion since the liberalisation of the naira and the unification of exchange rates by CBN,” a report by Nairametrics was quoted to have said.

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