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Warren Buffett gains $11.8bn as Dangote loses $4.9bn in 2016

As the year 2016 is winding up Bloomberg has reported that the world’s wealthiest people are ending 2016 with $237 billion more than they had at the start but Nigeria’s Aliko Dangote, the richest person in Africa, lost $4.9 billion of his wealth due to falling oil prices and naira devaluation hence he is now No. 112 with $10.4 billion. Dangote was the world’s 46th-richest person in June.

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