Dangote loses N935 billion in two days, now 38 on Forbes list

Dangote was the pride of Africa when he climbed into the 23rd position on Forbes list.  But just 24 hours later he plummeted to 38th position due to lose of $5billion.    He moved from 43rd position to 23rd, 37th and finally now occupies 38th position.

His net worth of $20billion climbed to $25billion, dropped to $21.3billion and is now $19.5 billion.   He is said to have lost chunk of his fortunes on the stock market shedding about N20 per share on Dangote cement in just two days.

On Wednesday November 5, it was N208.85 per share but by Tuesday November 7, it was N188.33 per share.  By Monday November 10, 2014, Dangote cement had lost further N9.42 finally settling at N179.11 per share.