Nigeria’s naira woes hit billionaires as Africa’s richest man loses $8.6 billion
Dangote, Africa’s richest man and Nigeria’s wealthiest individual, has seen his fortune plummet by $8.6 billion since Jan. 30.
Dangote, Africa’s richest man and Nigeria’s wealthiest individual, has seen his fortune plummet by $8.6 billion since Jan. 30.
Calder’s recent wealth surge solidifies his position as a top figure on both the African and global stages, underscoring his enduring influence.
This follows a $320-million gain in Al-Amoudi’s net worth between March 28 and April 12.
The leading Egyptian billionaire has seen his ranking on the Bloomberg Billionaires Index slip following a decline in the market value of his holdings.
In recent times, Glencore shares are up 1.4 percent, rising from £4.28 ($5.39) on March 21 to £4.34 ($5.47) at the time of drafting this report.
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
According to the Bloomberg Billionaires Index, his wealth surged from $15.1 billion on Jan. 1 to $22.2 billion on Jan. 31, marking a $7.11-billion increase.
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
The recent $200-million decline in his fortune can be attributed to market fluctuations.
Natie Kirsh’s fortune experienced a surge of $170 million in just 19 days, rising from $6.99 billion on October 21 to $7.16 billion on November 9.
In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
Rupert expressed his worries during Richemont’s annual meeting in Geneva on Wednesday.
Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion.
Rabiu’s net worth is estimated at $5.1 billion, falling short of the $5.16-billion cutoff required to join the world’s 500 richest list.
This substantial surge in Kirsh’s fortune marks a significant turnaround following a slump of $170 million earlier this year.