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Dangote teaches Elon Musk, Gate others lesson as he makes over N11.4bn in hours

Dangote teaches Elon Musk, Gate others lesson as he makes over N11.4bn in hours %Post Title
Aliko Dangote

 

 

 

 

 

 

Aliko Dangote’s wealth is really having an amazing 2022, after jumping 48 places in four months to sit as the 68th wealthiest billionaire alive.

According to Bloomberg, Dangote on Thursday, May 5, 2022, amassed $27.7 million(N11.4 billion) and he is now worth $20.7 billion.

The report also showed that since the start of 2022, Dangote has so far made $1.62 billion and was one of the few billionaires that recorded a positive Thursday.

Nairametrics reports that hundreds of billions of dollars in market value was whipped out from US stock causing some of the richest men in the world to lose their wealth.

In fact, only 26 out of the 100 on the Bloomberg billionaire list made money.

The 4 richest men in the world wealth deplete

Elon Musk

As Elon Musk’s wealth decreased by $18.5 billion, it was the highest loss on the day for the world’s richest person. Elon Musk now has a net worth of $249 billion.

Jeff Bezos

Amazon founder and CEO Jeff Bezos is currently valued at $140 billion, printing a $9.73 billion loss in wealth for the day.

Bernard Arnault

French fashion icon and Europe’s top entrepreneur, Bernard Arnault, is third on the list with a fortune estimated to be around $127 billion, though it has decreased by $4.84 billion for the day. It’s the only billionaire not from the tech sector in the top 4.

A large portion of his wealth comes from his controlling stake in LVMH, which he controls through his holding company Christian Dior.

Bill Gates

Fourth place goes to Bill Gates, the founder of Microsoft, the world’s most valuable software company.

Gates was the richest man in the world for many years. Recent data showed that his wealth valuation dropped by $2.68 billion for the day, bringing his wealth to $125 billion.

(Nairametrics)

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