Aliko Dangote, who recently rejoined the prestigious group of the world’s top 100 billionaires, has now dropped below the $16 billion mark, causing him to exit the elite list.

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According to data from the Bloomberg Billionaires Index, Dangote’s net worth has experienced a significant decrease of $1.6 billion, plummeting from $17.4 billion on September 1 to $15.8 billion at the time of this report.

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This decline marks a substantial change in Dangote’s financial status, as he had previously witnessed remarkable growth from June 25 to September 1 when his net worth had risen from $15.1 billion to $17.4 billion.