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?
at 2/12/2015 01:06:00 pm

128 comments:

  1. Skipper2512 February 2015 at 13:06

    Too bad....

    ReplyDelete
    Replies
    1. Anonymous12 February 2015 at 13:53

      Could be a lie ----C21

      Delete
    2. ukbliss12 February 2015 at 14:15

      U just post without evidence to back up ur point

      Delete
    3. Unknown12 February 2015 at 14:35

      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

      Delete
    4. Mr nice guy12 February 2015 at 14:35

      No mind this yeye linda.


      @lwkmd_naija

      Delete
    5. Anonymous12 February 2015 at 17:05

      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.

      Delete
    6. Anonymous12 February 2015 at 18:57

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

      Delete
    7. Unknown12 February 2015 at 20:21

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

      Delete
    8. Juleslouis12 February 2015 at 20:55

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

      Delete
    9. Anonymous13 February 2015 at 01:43

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

      Delete
  2. Unknown12 February 2015 at 13:08

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

    ReplyDelete
    Replies
    1. Anonymous12 February 2015 at 14:50

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

      Delete
    2. joystickextender@gmail.com12 February 2015 at 16:35

      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

      Delete
  3. Onyx's Girlfriend (he isn't gay pls)12 February 2015 at 13:09

    How true is dis? #happythurs

    ReplyDelete
  4. Ms Viv12 February 2015 at 13:09

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

    ReplyDelete
  5. AbokiDaWarriBoy12 February 2015 at 13:09

    May Almighty Allah refill ur lost

    ReplyDelete
  6. AbokiDaWarriBoy12 February 2015 at 13:09

    May Almighty Allah refill ur lost

    ReplyDelete
  7. xtra12 February 2015 at 13:10

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

    ReplyDelete
  8. Unknown12 February 2015 at 13:10

    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

    ReplyDelete
    Replies
    1. Anonymous12 February 2015 at 14:35

      ride on bro, u can say dt again

      Delete
    2. onye nsogbu12 February 2015 at 15:51

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

      Delete
    3. Jules12 February 2015 at 16:33

      I tire ooo...

      Delete
    4. Anonymous12 February 2015 at 18:06

      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...

      Delete
  9. Unknown12 February 2015 at 13:12

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

    Order for your beautiful bedspread @79AEFD3B
    Delivery available nationwide.

    ReplyDelete
  10. BONARIO NNAGS12 February 2015 at 13:12

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

    ~BONARIO~says so via NOKIA LUMIA

    ReplyDelete
  11. Unknown12 February 2015 at 13:12

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


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

    ReplyDelete
  12. www.glowyshoe.com12 February 2015 at 13:13

    Oya they shuld give details

    Visit my blog

    www.glowyshoe.blogspot.com

    ReplyDelete
  13. Unknown12 February 2015 at 13:13

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

    ReplyDelete
  14. Unknown12 February 2015 at 13:13

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

    ReplyDelete
  15. Anonymous12 February 2015 at 13:14

    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

    ReplyDelete
    Replies
    1. Unknown12 February 2015 at 16:30

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

      Delete
    2. Unknown12 February 2015 at 16:33

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

      Delete
  16. Unknown12 February 2015 at 13:14

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

    ReplyDelete
  17. Unknown12 February 2015 at 13:15

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

    ReplyDelete
  18. Unknown12 February 2015 at 13:15

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

    ReplyDelete
  19. Unknown12 February 2015 at 13:15

    HAND WORK OF JONATHAN, NAIRA IS FALLING SERIOUSLY

    ReplyDelete
  20. Unknown12 February 2015 at 13:16

    NOOOO WAY, Not my Man.


    www.udokajane.blogspot.com

    ReplyDelete
    Replies
    1. Anonymous12 February 2015 at 23:11

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

      Delete
  21. Unknown12 February 2015 at 13:18

    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

    ReplyDelete
    Replies
    1. Anonymous12 February 2015 at 18:08

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

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

      Delete
    2. Anonymous12 February 2015 at 20:22

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

      Delete
  22. Anonymous12 February 2015 at 13:18

    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

    ReplyDelete
  23. Anonymous12 February 2015 at 13:18

    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

    ReplyDelete
  24. Unknown12 February 2015 at 13:19

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

    ReplyDelete
  25. Unknown12 February 2015 at 13:19

    this is not true jare
    How can?

    ReplyDelete
  26. Juliebabe12 February 2015 at 13:19

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

    ReplyDelete
  27. Unknown12 February 2015 at 13:19

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

    ReplyDelete
  28. Unknown12 February 2015 at 13:20

    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«

    ReplyDelete
  29. Riketoke12 February 2015 at 13:20

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

    ReplyDelete
    Replies
    1. Olamide12 February 2015 at 13:37

      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

      Delete
    2. Manuel Kunmi12 February 2015 at 14:03

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

      Delete
  30. Unknown12 February 2015 at 13:21

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

    ReplyDelete
  31. Unknown12 February 2015 at 13:21

    Na who no johny? Question!!!

    ReplyDelete
  32. Gift Harun Danesi12 February 2015 at 13:25

    WHAT IS HAPPENING TO OUR ECONOMIC

    ReplyDelete
  33. Anonymous12 February 2015 at 13:25

    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.......

    ReplyDelete
  34. Anointed12 February 2015 at 13:26

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

    ReplyDelete
  35. Anointed12 February 2015 at 13:26

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

    ReplyDelete
  36. Anointed12 February 2015 at 13:26

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

    ReplyDelete
  37. Anointed12 February 2015 at 13:27

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

    ReplyDelete
  38. @MEETD®EALEVANS™12 February 2015 at 13:27

    Dem Lagos girls don chop half...

    ReplyDelete
  39. austine joe12 February 2015 at 13:27

    maybe Is due to d depreciate action in naira #xavier9jaforLib

    ReplyDelete
  40. Unknown12 February 2015 at 13:28

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

    ReplyDelete
  41. Unknown12 February 2015 at 13:29

    Yes, he lost heavily but not up to half






    #Commenting thru Glo 4G LTE

    ReplyDelete
  42. Unknown12 February 2015 at 13:30

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

    ReplyDelete
  43. Unknown12 February 2015 at 13:30

    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**

    ReplyDelete
  44. Unknown12 February 2015 at 13:30

    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**

    ReplyDelete
  45. Omoba News Media12 February 2015 at 13:31

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

    ReplyDelete
  46. Unknown12 February 2015 at 13:33

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

    ReplyDelete
  47. NaijaDeltaBabe12 February 2015 at 13:33

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

    ReplyDelete
  48. Dani12 February 2015 at 13:36

    Gej out his the cause of all this

    ReplyDelete
  49. Anonymous12 February 2015 at 13:37

    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.

    ReplyDelete
  50. eka12 February 2015 at 13:40

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

    ReplyDelete
  51. Anonymous12 February 2015 at 13:41

    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

    ReplyDelete
  52. destinysweet12 February 2015 at 13:41

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



    Auntylindagoddaughter

    ReplyDelete
  53. KWEEN12 February 2015 at 13:41

    Must be a lie. I Don't believe it

    ReplyDelete
  54. Anonymous12 February 2015 at 13:43

    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

    ReplyDelete
  55. Unknown12 February 2015 at 13:45

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

    ReplyDelete
  56. ary12 February 2015 at 13:46

    Guess the rise of dollar to naira affected him too!

    ReplyDelete
  57. Unknown12 February 2015 at 13:49

    What is wrong or what might be wrong with him?

    ReplyDelete
  58. Unknown12 February 2015 at 13:53

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

    ReplyDelete
  59. Unknown12 February 2015 at 13:56

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

    ReplyDelete
  60. Manuel Kunmi12 February 2015 at 14:01

    Prove it

    ReplyDelete
  61. Anonymous12 February 2015 at 14:05

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

    ReplyDelete
  62. APPLE12 February 2015 at 14:07

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

    ReplyDelete
  63. Unknown12 February 2015 at 14:08

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

    ReplyDelete
  64. Unknown12 February 2015 at 14:14

    Lie lie lie

    ReplyDelete
  65. Unknown12 February 2015 at 14:14

    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?

    ReplyDelete
  66. Unknown12 February 2015 at 14:20

    ooh my gush...
    #iamGuru..

    ReplyDelete
  67. Unknown12 February 2015 at 14:24

    Naira depreciation against the dollar

    Bad mismanagement of the economy by GEJ team.

    ReplyDelete
  68. ehisokhai@yahoo.com12 February 2015 at 14:29

    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....

    ReplyDelete
  69. Unknown12 February 2015 at 14:34

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

    ReplyDelete
  70. Anonymous12 February 2015 at 14:44

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

    ReplyDelete
  71. Subomi12 February 2015 at 14:47

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

    ReplyDelete
  72. Anonymous12 February 2015 at 14:50

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

    ReplyDelete
  73. Anonymous12 February 2015 at 14:54

    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

    ReplyDelete
  74. Anonymous12 February 2015 at 14:59

    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.

    ReplyDelete
  75. Anonymous12 February 2015 at 15:01

    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.

    ReplyDelete
  76. Anonymous12 February 2015 at 15:02

    Ko kan aye mhen!

    ReplyDelete
  77. Unknown12 February 2015 at 15:13

    Godforbid!

    ReplyDelete
  78. Unknown12 February 2015 at 15:27

    How did it happen??...

    ReplyDelete
  79. Unknown12 February 2015 at 15:33

    Why nah? Chai my Dangote

    ReplyDelete
  80. Anonymous12 February 2015 at 15:35

    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

    ReplyDelete
  81. Anonymous12 February 2015 at 15:44

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

    ReplyDelete
  82. ravenmortal12 February 2015 at 15:47

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

    ReplyDelete
  83. Olubukola Ozone12 February 2015 at 15:48

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

    ReplyDelete
  84. Okowright Balaxy12 February 2015 at 15:59

    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.

    ReplyDelete
    Replies
    1. Aymii13 February 2015 at 05:54

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




      On 2 the Next

      Delete
  85. Lucca12 February 2015 at 16:05

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

    ReplyDelete
  86. Lucca12 February 2015 at 16:06

    effect of his refinery expenditure

    ReplyDelete
  87. Anonymous12 February 2015 at 16:06

    effect of his refinery expenditur

    ReplyDelete
  88. Lucca12 February 2015 at 16:06

    effect of his refinery expenditur

    ReplyDelete
  89. Anonymous12 February 2015 at 16:23

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

    ReplyDelete
  90. Anonymous12 February 2015 at 16:28

    For blogspot n wordpress secrets, visit www.esthaweb.blogspot.com . For online money making tips, visit the blog.

    ReplyDelete
  91. Unknown12 February 2015 at 16:30

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

    ReplyDelete
  92. Unknown12 February 2015 at 16:33

    This is quite sad for him if it is true!

    ReplyDelete
  93. Anonymous12 February 2015 at 16:38

    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.

    ReplyDelete
  94. Anonymous12 February 2015 at 17:15

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

    ReplyDelete
  95. Anonymous12 February 2015 at 18:31

    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.

    ReplyDelete
  96. Tee12 February 2015 at 19:09

    KARMA IS A BITCH..!

    ReplyDelete
  97. Anonymous12 February 2015 at 19:54

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

    ReplyDelete
  98. Mercy seat12 February 2015 at 22:15

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

    ReplyDelete
  99. Anonymous13 February 2015 at 02:17

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

    ReplyDelete
  100. Anonymous13 February 2015 at 07:47

    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

    ReplyDelete
  101. Unknown23 February 2015 at 13:20

    it can't be true

    ReplyDelete

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Linda Ikeji.

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