Dangote loses almost half of his fortune over the past 6 months?
According to Bloomberg Billionaires, Nigeria's richest man Aliko Dangote lost almost half of his $21billion in 6 months. Is this true? And how did it happen?
Ummmm,i can't believe this,how did dey acces his assets and investments to know?where's d evidence? U can't just spring up from somewhere and claim Africa's richest man lost half of his wealth without concrete facts
African fastest growing economy indeed, vry soon Dangote grps too will start letting ppl off. for dos supporting n clamouring for Gej...may ur lifes b managed n way it grow lik Nigeria economic under him amin ase
well, could be true cos a friend just called me in from Gboko that he has just lost his job with Dangote Cement, Gboko. Asked him why? He answered that the company had been closed down! My immediate reaction was that 'but Dangote is doing well', and he replied that its not really through...the man's main strength in business is his political connection...it seems to be failing seriously now
i guess its because of the Naira falling against the dollars. Shebi one of these prophets have said this in their new year prophesies. Hmmmm too bad it shows that Nigerians should not take these prophesies about the elections as a joke. Prayers is all we need.......auzylicious
A prophet's prophesy included Dangote loosing some of his wealth, I do hope Bloomberg is not capitalizing on dt lol. If its true den its not unrelated to Boko haram activities. www.joytammy.blogspot.com
Aaahhhh. Did he fall mugu or....????? Hard to believe.
Blackberry gives you the best and make you forget the rest. .................................... David (dave_gino) »Commenting from my BLACKBERRY 9900«
i guess its because of the Naira falling against the dollars. Shebi one of these prophets have said this in their new year prophesies. Hmmmm too bad it shows that Nigerians should not take these prophesies about the elections as a joke. Prayers is all we need.......
This what devaluation of our currency cause... Our economy is crashing, we haven't know what we are in for, everyone should be scared seriously... ! ! ! **man in suit**
This what devaluation of our currency cause... Our economy is crashing, we haven't know what we are in for, everyone should be scared seriously... ! ! ! **man in suit**
Obviously, the current devaluation of the Naira is the key factor. Aliko's networth for those who don't know consists of his holdings, assets, stock options etc and most of these things are valued in Naira e.g his holding in Dangote Plc is firstly valued in Naira as that is the official currency of the NSE, also, his holdings across Nigeria which forms the bedrock of his immense business empire are valued in naira. Therefore, as the exchange rate falls so also his dollar value.
His shares in Dangote Cement is usually factored in his net worth. since the share price has fallen so badly, this is expected. Just watch out, in not too distant future, you'll read that Dangote doubled his net worth in 6 months once the stock market recovers
We have all lost almost have of our fortunes! If u had 1million in your account, the value is now 750k. If u had 100mill it's now 75mill. We have all lost 25% of our fortune, but for a poor man like myself the money I have lost is small, Dangote now has lost 250million for every 1billion he has
We all know Sir Aliko is an investor>>>>>>Something is telling me that he could have invested in the Nigeria Political business at this time of elections. So friends,my man knows what he is doing with his money o,abi Linda no be so?
The funny part of all dis is dat....am sure he is as shocked as u..reading he lost half of iz investment...all dose men no fit shake....de probably doesn't even know cuz nutin changed....
Can u read at all, Linda? (And I am referring to the blog not you personally - for some of your readers judging the comments) He lost $7.8B out of $25B, is that half? The forbes article clearly says half of the losses are from Nigerian devaluation of naira - the economy.
Linda, all these ppl u are calling billionaires are not billionaires. They at best millionaires. It's only when a person is a dollar denominated billionaire that you can refer to him/her as a billionaire. Now, in case of Dangote, his assets are denominated in Naira. So, if the naira goes down his assets will go down proportionately and the reverse is also true. They know what he is worth in naira all they have to do is divide his net worth by the new exchange rate and they will know his current net worth in dollars. That is how they know what is going on.
Most of the people that talk out of ignorance need to be schooled like Buhari. What do you expect with the current fall in oil price and the current devaluation of the naira thereby affecting the exchange rate in the stock market. Please Nigeria is not the only country face with this economic crisis. People should pray for God's deliverance for the country instead of accusing the president for everything, a boy that got infected with HIV due to his refusal to abstain or play safe will blame GEJ for his misfortune. I believe most of you will stop commenting on national issues when somebody like Buhari who does not believe in freedom of speech becomes the president. Some of you will be imprisoned for saying the truth. My prayer is for God never to allow the wicked man his evil team win because Nigeria will face more crisis and corruption under APC, the party is made of desperate criminals.
hahahaha its true na... this our poor economy has finished everyone. The nose of the econpmy has pitched down and nothing is being done about it. just a shame. How I pray this train don't crush us all.
Idiots, as dollars increases, all values become less valuable. All you lovers of GEJ. I am getting affected personal. This is as a result of mismanagement. Here goes all the number economy in Africa claim. Liars.
Jonathan couldn't diversify our economy in 6 years.
Did you ask the same question when they named him Africa's richest man? If they were able to access information to ascertain that he was, why wouldn't they be able to access information of same said wealth. Think...
Element says; it can't be up to half,but he sure has lost a lot. The rise of the dollar against the Naira is one sure way since most of his assets are invested in Naira or other African currencies besides the worth of his wealth was valued in Naira and converted to the Dollar. . . this is just one reason.
128 comments:
Too bad....
It's obvious due to all the economic upheaval in the country n the world!
How true is dis? #happythurs
This is just re behginning. He has killed so many people's businesses , some have even died from stroke.
May Almighty Allah refill ur lost
May Almighty Allah refill ur lost
http://mightyincome.com/?refer=15805
Ummmm,i can't believe this,how did dey acces his assets and investments to know?where's d evidence? U can't just spring up from somewhere and claim Africa's richest man lost half of his wealth without concrete facts
I think the fall in the price of oil also contributed to it.
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Nah....I no gree....
U're asking is it true. So Bloomberg go lie abi? Do u know what authority is called?
African fastest growing economy indeed, vry soon Dangote grps too will start letting ppl off.
for dos supporting n clamouring for Gej...may ur lifes b managed n way it grow lik Nigeria economic under him
amin ase
I'm not sure its up to half but from reports in business news, he has been losing a lot lately. Linda take note!
I'm not sure its up to half but from reports in business news, he has been losing a lot lately. Linda take note!
I'm not sure its up to half but from reports in business news, he has been losing a lot lately. Linda take note!
HAND WORK OF JONATHAN, NAIRA IS FALLING SERIOUSLY
NOOOO WAY, Not my Man.
www.udokajane.blogspot.com
well, could be true cos a friend just called me in from Gboko that he has just lost his job with Dangote Cement, Gboko. Asked him why? He answered that the company had been closed down! My immediate reaction was that 'but Dangote is doing well', and he replied that its not really through...the man's main strength in business is his political connection...it seems to be failing seriously now
i guess its because of the Naira falling against the dollars. Shebi one of these prophets have said this in their new year prophesies. Hmmmm too bad it shows that Nigerians should not take these prophesies about the elections as a joke. Prayers is all we need.......auzylicious
A prophet's prophesy included Dangote loosing some of his wealth, I do hope Bloomberg is not capitalizing on dt lol. If its true den its not unrelated to Boko haram activities. www.joytammy.blogspot.com
Hmmmm prophecy of T B joushua coming to past. He said it on 31st night i'm not suprise.
this is not true jare
How can?
Wow! if it is true then i sympathize with him, the Lord will enlarge his coast more than before
He never had it......it was all propaganda all aalong
Aaahhhh. Did he fall mugu or....?????
Hard to believe.
Blackberry gives you the best and make you
forget the rest.
....................................
David (dave_gino)
»Commenting from my BLACKBERRY 9900«
How True.. Linda aproko abeg find out for us so we can engage in 40days fasting oo. I pray it's not true.
Eyaaa. It's well oo. Is d activities of bad govt that is causing all dis sh*t....
Na who no johny? Question!!!
WHAT IS HAPPENING TO OUR ECONOMIC
i guess its because of the Naira falling against the dollars. Shebi one of these prophets have said this in their new year prophesies. Hmmmm too bad it shows that Nigerians should not take these prophesies about the elections as a joke. Prayers is all we need.......
Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#
Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#
Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#
Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#
Dem Lagos girls don chop half...
maybe Is due to d depreciate action in naira #xavier9jaforLib
Hmmm, If it's true, how did it happen!
$.
$.
@Carlos via Nokia Lumia
Yes, he lost heavily but not up to half
#Commenting thru Glo 4G LTE
I'll never believe this... Maybe until I see a video! Fallacy!!
This what devaluation of our currency cause... Our economy is crashing, we haven't know what we are in for, everyone should be scared seriously...
!
!
!
**man in suit**
This what devaluation of our currency cause... Our economy is crashing, we haven't know what we are in for, everyone should be scared seriously...
!
!
!
**man in suit**
what could have happened? could it be the dollar? or GEJ campagin?
a.k.a EDWIN CHINEDU AZUBUKO said...
.
I dont think this is true.....
.
.
***CURRENTLY IN JUPITER***
When God has blessed u, notin can take it away. D man is blessed abeg
Gej out his the cause of all this
Obviously, the current devaluation of the Naira is the key factor. Aliko's networth for those who don't know consists of his holdings, assets, stock options etc and most of these things are valued in Naira e.g his holding in Dangote Plc is firstly valued in Naira as that is the official currency of the NSE, also, his holdings across Nigeria which forms the bedrock of his immense business empire are valued in naira. Therefore, as the exchange rate falls so also his dollar value.
You can't engage in 40 days fasting so you can be as rich or richer but you want to do it for a man who doesn't know about your existence in life
with d a alarming dwindling naira value,
its definitely bound 2 happen,
hmm...
His shares in Dangote Cement is usually factored in his net worth. since the share price has fallen so badly, this is expected. Just watch out, in not too distant future, you'll read that Dangote doubled his net worth in 6 months once the stock market recovers
It's cos of d naira value..God help us
Auntylindagoddaughter
Must be a lie. I Don't believe it
We have all lost almost have of our fortunes! If u had 1million in your account, the value is now 750k. If u had 100mill it's now 75mill. We have all lost 25% of our fortune, but for a poor man like myself the money I have lost is small, Dangote now has lost 250million for every 1billion he has
ITS WELL OOOH MAY GOD HELP HIM !!!!!!!JC
Guess the rise of dollar to naira affected him too!
What is wrong or what might be wrong with him?
Oh no nah what happen nah how did dis happen.Maka y nah
Could be a lie ----C21
OMG.. It can't be true...
Prove it
Take a chill pill at lanre it's obvious she's being jovial
http://youthsalary.com/?user=24995
His trucks are always killing people, his hands are not clean.
OoooHh Maaa Gwuadddd OMG!!!!!!!!!!
Lie lie lie
We all know Sir Aliko is an investor>>>>>>Something is telling me that he could have invested in the Nigeria Political business at this time of elections.
So friends,my man knows what he is doing with his money o,abi Linda no be so?
U just post without evidence to back up ur point
ooh my gush...
#iamGuru..
Naira depreciation against the dollar
Bad mismanagement of the economy by GEJ team.
The funny part of all dis is dat....am sure he is as shocked as u..reading he lost half of iz investment...all dose men no fit shake....de probably doesn't even know cuz nutin changed....
Heard my dad talk about it sha..but I think its spiritual
She said according to and put her source. You expect her to investigate yet you refresh every few minutes waiting to see a new story
ride on bro, u can say dt again
No mind this yeye linda.
@lwkmd_naija
How now? And how did they come to this conclusion?
Na WA o
They cant just be drawing one yeye colorful graph, they need to explain.
It will be cool if it is spread across/among other good/generous Nigerians
With all this going on, I want to see the bastard that would vote GEJ. Naija make we open eye oh!!!
If this is happening to the rich I wonder what the poor are going through right now. We made a big mistake by voting GEJ. Let vote wisely
Can u read at all, Linda? (And I am referring to the blog not you personally - for some of your readers judging the comments) He lost $7.8B out of $25B, is that half? The forbes article clearly says half of the losses are from Nigerian devaluation of naira - the economy.
Linda, all these ppl u are calling billionaires are not billionaires. They at best millionaires. It's only when a person is a dollar denominated billionaire that you can refer to him/her as a billionaire. Now, in case of Dangote, his assets are denominated in Naira. So, if the naira goes down his assets will go down proportionately and the reverse is also true. They know what he is worth in naira all they have to do is divide his net worth by the new exchange rate and they will know his current net worth in dollars. That is how they know what is going on.
Ko kan aye mhen!
Godforbid!
How did it happen??...
Why nah? Chai my Dangote
One of the prophesies of Apostle Johnson SUleman for 2015: 'Dangote will not have it smooth this year; he will drop from Africa’s richest.'
NWUNYE EMI
All na story. ..........dia will soon be change in power. ......abeg make nigeians wake up oooooooo
Devaluation of the Naira. His revenue and profits are earned in Naira, which has lost significant ground to the USD.
Han han, that's serious o. It's a pity tho
So u fink dey jst feel like talking crap? Bloomberg is an international A list biz media firm.
Most of the people that talk out of ignorance need to be schooled like Buhari. What do you expect with the current fall in oil price and the current devaluation of the naira thereby affecting the exchange rate in the stock market. Please Nigeria is not the only country face with this economic crisis. People should pray for God's deliverance for the country instead of accusing the president for everything, a boy that got infected with HIV due to his refusal to abstain or play safe will blame GEJ for his misfortune. I believe most of you will stop commenting on national issues when somebody like Buhari who does not believe in freedom of speech becomes the president. Some of you will be imprisoned for saying the truth. My prayer is for God never to allow the wicked man his evil team win because Nigeria will face more crisis and corruption under APC, the party is made of desperate criminals.
probably because of the refinery he is building + the plummet of the naira
effect of his refinery expenditure
effect of his refinery expenditur
effect of his refinery expenditur
Getting rich is not the issue, its keeping it that is the hard work oo
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Must u put poltics & curse in everything u do? It gives d impression that u are an empty soul
it could be true, may b bcos of Nigeria fallen currency.
#pass
This is quite sad for him if it is true!
Must u put poltics & curse in everything u do? It gives d impression that u are an empty soul
I tire ooo...
The silly dollar hasn't been helping
Meanwhile email me to know how to enlarge your joystick and stop premature ejac n let your woman respect you
hahahaha its true na... this our poor economy has finished everyone. The nose of the econpmy has pitched down and nothing is being done about it. just a shame. How I pray this train don't crush us all.
Idiots, as dollars increases, all values become less valuable. All you lovers of GEJ. I am getting affected personal. This is as a result of mismanagement. Here goes all the number economy in Africa claim. Liars.
Jonathan couldn't diversify our economy in 6 years.
Dey shld throw more light 4 a lay man 2 understand wia dey re coming from.
What exactly is de cause?
#on2eandonlynwa@gmail.com#
Did you ask the same question when they named him Africa's richest man? If they were able to access information to ascertain that he was, why wouldn't they be able to access information of same said wealth. Think...
"the man's main strength in business is his political connection"
Finally...someone in the know....
Element says; it can't be up to half,but he sure has lost a lot. The rise of the dollar against the Naira is one sure way since most of his assets are invested in Naira or other African currencies besides the worth of his wealth was valued in Naira and converted to the Dollar. . . this is just one reason.
*surprised
U no go school?
Iwo mo go ntie fa
@anonymous 5:05pm- aren't you just a mad fellow?
KARMA IS A BITCH..!
Can you imagine someone making losses over commodity he is getting for free without paying royalties to the national account. O dikwa tough o!
U idiot hw is dis one gej fault ... did ur past leaders diversify the economy ? U big fool
Ur friend is right. The Gboko factory has been down since last year.
Its possible but i don't believe it. You can loose it all in a day!
Linda... Only you brought the news, only you dey ask... How did this happen"""? Why didnt you ask your source in d first place?
Udoka I thought I was your man. Na so you abandon me?
How won't he lose money when the Naira has lost value and most of his income is in Naira from the Nigerian market
oil tinz. Monoeconomy is not good for the rich and the poor. Everybody drowns.
Balaxy Sharapp dia! ......Sai Buhari! ....we say no to BADluck!
On 2 the Next
God has the power to make a rich man sudenly poor. what is the source of this wealth. cheating people to get rich only leads to a poorer poor
it can't be true
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