Dangote loses almost half of his fortune over the past 6 months? | Welcome to Linda Ikeji's Blog

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Thursday 12 February 2015

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?

128 comments:

Skipper25 said...

Too bad....

Unknown said...

It's obvious due to all the economic upheaval in the country n the world!

Onyx's Girlfriend (he isn't gay pls) said...

How true is dis? #happythurs

Ms Viv said...

This is just re behginning. He has killed so many people's businesses , some have even died from stroke.

AbokiDaWarriBoy said...

May Almighty Allah refill ur lost

AbokiDaWarriBoy said...

May Almighty Allah refill ur lost

xtra said...

http://mightyincome.com/?refer=15805

Unknown said...

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

Unknown said...

I think the fall in the price of oil also contributed to it.

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BONARIO NNAGS said...

In Omawunmi's voice "if you ask me na who I go ask"

~BONARIO~says so via NOKIA LUMIA

Unknown said...

If U ask me.......na who i go ask???????


Moye says so via BB Passport...Courtesy LIB.....

www.glowyshoe.com said...

Oya they shuld give details

Visit my blog

www.glowyshoe.blogspot.com

Unknown said...

Nah....I no gree....

Unknown said...

U're asking is it true. So Bloomberg go lie abi? Do u know what authority is called?

Anonymous said...

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

Unknown said...

I'm not sure its up to half but from reports in business news, he has been losing a lot lately. Linda take note!

Unknown said...

I'm not sure its up to half but from reports in business news, he has been losing a lot lately. Linda take note!

Unknown said...

I'm not sure its up to half but from reports in business news, he has been losing a lot lately. Linda take note!

Unknown said...

HAND WORK OF JONATHAN, NAIRA IS FALLING SERIOUSLY

Unknown said...

NOOOO WAY, Not my Man.


www.udokajane.blogspot.com

Unknown said...

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

Anonymous said...

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

Anonymous said...

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

Unknown said...

Hmmmm prophecy of T B joushua coming to past. He said it on 31st night i'm not suprise.

Unknown said...

this is not true jare
How can?

Juliebabe said...

Wow! if it is true then i sympathize with him, the Lord will enlarge his coast more than before

Unknown said...

He never had it......it was all propaganda all aalong

Unknown said...

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«

Riketoke said...

How True.. Linda aproko abeg find out for us so we can engage in 40days fasting oo. I pray it's not true.

Unknown said...

Eyaaa. It's well oo. Is d activities of bad govt that is causing all dis sh*t....

Unknown said...

Na who no johny? Question!!!

Gift Harun Danesi said...

WHAT IS HAPPENING TO OUR ECONOMIC

Anonymous said...

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.......

Anointed said...

Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#

Anointed said...

Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#

Anointed said...

Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#

Anointed said...

Even if he loses half of his million,he still remains a rich man,na dem sabi jor#linda am here o#

@MEETD®EALEVANS™ said...

Dem Lagos girls don chop half...

austine joe said...

maybe Is due to d depreciate action in naira #xavier9jaforLib

Unknown said...

Hmmm, If it's true, how did it happen!
$.
$.
@Carlos via Nokia Lumia

Unknown said...

Yes, he lost heavily but not up to half






#Commenting thru Glo 4G LTE

Unknown said...

I'll never believe this... Maybe until I see a video! Fallacy!!

Unknown said...

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**

Unknown said...

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**

Omoba News Media said...

what could have happened? could it be the dollar? or GEJ campagin?

Unknown said...

a.k.a EDWIN CHINEDU AZUBUKO said...
.
I dont think this is true.....
.
.
***CURRENTLY IN JUPITER***

NaijaDeltaBabe said...

When God has blessed u, notin can take it away. D man is blessed abeg

Dani said...

Gej out his the cause of all this

Anonymous said...

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.

Olamide said...

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

eka said...

with d a alarming dwindling naira value,
its definitely bound 2 happen,
hmm...

Anonymous said...

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

destinysweet said...

It's cos of d naira value..God help us



Auntylindagoddaughter

KWEEN said...

Must be a lie. I Don't believe it

Anonymous said...

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

Unknown said...

ITS WELL OOOH MAY GOD HELP HIM !!!!!!!JC

ary said...

Guess the rise of dollar to naira affected him too!

Unknown said...

What is wrong or what might be wrong with him?

Unknown said...

Oh no nah what happen nah how did dis happen.Maka y nah

Anonymous said...

Could be a lie ----C21

Unknown said...

OMG.. It can't be true...

Manuel Kunmi said...

Prove it

Manuel Kunmi said...

Take a chill pill at lanre it's obvious she's being jovial

Anonymous said...

http://youthsalary.com/?user=24995

APPLE said...

His trucks are always killing people, his hands are not clean.

Unknown said...

OoooHh Maaa Gwuadddd OMG!!!!!!!!!!

Unknown said...

Lie lie lie

Unknown said...

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?

ukbliss said...

U just post without evidence to back up ur point

Unknown said...

ooh my gush...
#iamGuru..

Unknown said...

Naira depreciation against the dollar

Bad mismanagement of the economy by GEJ team.

ehisokhai@yahoo.com said...

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....

Unknown said...

Heard my dad talk about it sha..but I think its spiritual

Unknown said...

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

Anonymous said...

ride on bro, u can say dt again

Mr nice guy said...

No mind this yeye linda.


@lwkmd_naija

Anonymous said...

How now? And how did they come to this conclusion?

Unknown said...

Na WA o

Subomi said...

They cant just be drawing one yeye colorful graph, they need to explain.

Anonymous said...

It will be cool if it is spread across/among other good/generous Nigerians

Anonymous said...

With all this going on, I want to see the bastard that would vote GEJ. Naija make we open eye oh!!!

Anonymous said...

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

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

Ko kan aye mhen!

Unknown said...

Godforbid!

Unknown said...

How did it happen??...

Unknown said...

Why nah? Chai my Dangote

Anonymous said...

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

Anonymous said...

All na story. ..........dia will soon be change in power. ......abeg make nigeians wake up oooooooo

ravenmortal said...

Devaluation of the Naira. His revenue and profits are earned in Naira, which has lost significant ground to the USD.

Olubukola Ozone said...

Han han, that's serious o. It's a pity tho

onye nsogbu said...

So u fink dey jst feel like talking crap? Bloomberg is an international A list biz media firm.

Okowright Balaxy said...

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.

Lucca said...

probably because of the refinery he is building + the plummet of the naira

Lucca said...

effect of his refinery expenditure

Anonymous said...

effect of his refinery expenditur

Lucca said...

effect of his refinery expenditur

Anonymous said...

Getting rich is not the issue, its keeping it that is the hard work oo

Anonymous said...

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Unknown said...

Must u put poltics & curse in everything u do? It gives d impression that u are an empty soul

Unknown said...

it could be true, may b bcos of Nigeria fallen currency.

Unknown said...

#pass

Unknown said...

This is quite sad for him if it is true!

Unknown said...

Must u put poltics & curse in everything u do? It gives d impression that u are an empty soul

Jules said...

I tire ooo...

joystickextender@gmail.com said...

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

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

Dey shld throw more light 4 a lay man 2 understand wia dey re coming from.
What exactly is de cause?
#on2eandonlynwa@gmail.com#

Anonymous said...

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...

Anonymous said...

"the man's main strength in business is his political connection"

Finally...someone in the know....

Anonymous said...

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.

Anonymous said...

*surprised
U no go school?

Anonymous said...

Iwo mo go ntie fa

Anonymous said...

@anonymous 5:05pm- aren't you just a mad fellow?

Tee said...

KARMA IS A BITCH..!

Anonymous said...

Can you imagine someone making losses over commodity he is getting for free without paying royalties to the national account. O dikwa tough o!

Unknown said...

U idiot hw is dis one gej fault ... did ur past leaders diversify the economy ? U big fool

Anonymous said...

Ur friend is right. The Gboko factory has been down since last year.

Juleslouis said...

Its possible but i don't believe it. You can loose it all in a day!

Mercy seat said...

Linda... Only you brought the news, only you dey ask... How did this happen"""? Why didnt you ask your source in d first place?

Anonymous said...

Udoka I thought I was your man. Na so you abandon me?

Anonymous said...

How won't he lose money when the Naira has lost value and most of his income is in Naira from the Nigerian market

Anonymous said...

oil tinz. Monoeconomy is not good for the rich and the poor. Everybody drowns.

Aymii said...

Balaxy Sharapp dia! ......Sai Buhari! ....we say no to BADluck!




On 2 the Next

Anonymous said...

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

Unknown said...

it can't be true

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