Dangote and Abdulsamad Rabiu reportedly lost $5.85bn in a day

Nigerian billionaire businessmen, Aliko Dangote and Abdulsamad Rabiu, reportedly lost a whopping $5.85 billion, just 24 hours after the Central Bank of Nigeria (CBN) floated the Naira. 

This is according to the Bloomberg Billionaire Index (BBI), a daily ranking of the world’s richest people that provides details on the calculations of net worth analysis on each billionaire’s profile page.

Data on the portal as at June 15, 2023, showed negative changes in the calculations of the wealth of the businessmen who are listed among the 500 richest men in the world. 

The index revealed that Dangote, chairman and chief executive officer (CEO) of Dangote Group, lost about $3.12 billion in the latest update. 

Similarly, Rabiu, CEO of BUA Group, was said to have lost $2.73 billion from his wealth.