Aliko Dangote Loses $640 Million as Cement Shares Dip

Nigerian billionaire Aliko Dangote, Africa’s wealthiest individual, experienced a significant reduction in his personal fortune by approximately $640 million on Monday, October 20, 2026. This decline was primarily driven by a 5.5% fall in the share price of Dangote Cement Plc, his flagship company, on the Nigerian Exchange.