Dangote, Nigerian Billionaire Loses $640m as Cement Shares Fall

Aliko Dangote, Nigerian billionaire lost an estimated $640 million in wealth after shares in Dangote Cement Plc fell 5.5 percent on Monday, October 19, amid a broader sell-off that wiped N1.47 trillion off the Nigerian stock market.Aliko Dangote, Nigerian billionaire lost an estimated $640 million in wealth after shares in Dangote Cement Plc fell 5.5 percent on Monday, October 19, amid a broader sell-off that wiped N1.47 trillion off the Nigerian stock market.