The chairman of Dangote Industries Limited, Aliko Dangote, saw the net worth of his fortune fall by $ 900 million on Friday as his company Dangote Cement Plc suffered, Friday, January 8, a sharp retraction on the Nigerian Stock Exchange.
The share price of Dangote Cement Plc, the country's largest listed company and Africa's largest cement producer, is down 8.13% to close at N225 on Friday from N244.90 on Thursday. The recent announcement by the company's executives of an expansion program in Africa, however, did not prevent this fall.
According to  Bloomberg., the majority of Dangote's fortune comes from its 86% stake in publicly traded Dangote Cement. He owns the company's shares directly and through its conglomerate, Dangote Industries."
The fortune of Africa's richest man rose from $18.4 billion on Thursday to $17.5 billion on Friday, making him the 114th richest man in the world, up from 106th the day before. However, despite this turbulent stock market day, Dangote remains the only Nigerian in the world's top 500