Nigerian billionaire, Aliko Dangote caused
a stir in the world global market after he posted a staggering $79.2m
(N15.6bn) gain from Thursday August, 20, 2015 to Friday, August 21,
2015.
Aliko's
gain caused a stir as he alongside 10 other billionaires from around
the world made money amid deepening global market rout while a large
number of world richest people lost heavy sums.
According to reports, while some of the world’s richest people that include Bill Gates, Warren Buffett and Mark Zuckerberg lost a sum of $182bn (N35.85tn) over the past week, Dangote remained happy in the global market rout.
In a report by Bloomberg’s Billionaires Index, Dangote was one of six billionaires who saw their fortunes increase in 24 hours to Friday.
The
world’s 400 richest people lost heavy sums last week from their
collective fortunes as weak manufacturing data from China and a rout in
commodities sent global markets plunging.
'For
them, that’s a fractional percentage, even though $182bn is a big
number. A week like this feels really bad, but when you take a step
back, in a big picture view it’s not a disaster by any means,' said John Collins, director of investment advisory at Aspiriant, which oversees more than $8bn for high net-worth clients.
Eleven
billionaires added to their fortunes, in spite of the market turmoil.
The week’s biggest dollar gainer was Sun Pharmaceuticals’ Dilip Shanghvi. The world’s 39th-richest person became $467m wealthier, elevating his net worth to $18.9bn.
The Bloomberg Billionaires
Index takes measure of the world’s wealthiest people based on market
and economic changes and Bloomberg News reporting. Each net-worth figure
is updated every business day at 5:30 p.m. in New York and listed in US
dollars.
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