Tuesday 3 March 2015

Dangote's fortune dropped to $14.7 billion from $25 billion last year; remains Africa's richest


According to Forbes margazine, Dangote was this “year’s biggest loser in dollar terms as his fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Naira and shrinking demand for cement, his largest asset. He still retains the title of Africa’s richest man.

According to Forbes’ Inside The 2015 Forbes Billionaires List: Facts And Figures, Bill Gates is once again the richest person on the planet, a title he’s held for 16 of the past 21 years.
His fortune grew $3.2 billion since last year to $79.2 billion, despite a gift of $1.5 billion in Microsoft MSFT +0.66 per cent shares to The Bill & Melinda Gates Foundation in November 2014.
Carlos Slim Helu of Mexico comes in again at number two while revered American investor, Warren Buffett, took back the number three spot from Spain’s Amancio Ortega (now number four); not even the largest IPO in history was enough to beat the Oracle of Omaha this year.
Buffett was the list’s biggest gainer, up $14.5 billion to $72.7 billion, thanks to Berkshire Hathaway’s rising share price. Facebook’s Mark Zuckerberg moves up five spots to number 16, his first time ranked among the world’s 20 richest. Ma and three other Chinese are among the the biggest gainers and appear among the 50 richest on the list.
Facebook founder, Marck Zuckerberg is also the leader in a youth revolution that has minted 46 billionaires under the age of 40.

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