MASSIVE TWIST OF FORTUNE FOR GLOBAL BILLIONIARES …BIG LOSS FOR Africa’s richest man, ALIKO DANGOTE,SAUDI ARABIA’S PRINCE ALWALEED BIN TALAL AL SAUD; GREAT GAINS FOR SUPER INVESTOR, WARREN BUFFET
Exclusive report by
mike cerutti
Additional
report, Courtesy, Bloomberg Billionaires
Index
+234 7042631895
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“Money is like water that flows
along a path, only those who live close to the riverside will not need to
struggle in order to fetch from it”-Seun Onanuga, investments and financial
analyst
As the year
2016 draws to a historical end, the globally respected Bloomberg Billionaires Index
has reported a tale a massive mix of fortune by some of world’s most respected
money bags
The
Bloomberg authoritatively reported early this week the crash and the further
rise of some of today’s most talked about money bags and it is with delight
that CERUTTI
MEDIA-Money matters Unit file for you this feedback
In a year
when populist voters reshaped power and politics across Europe and U.S, the
world’s wealthiest people are ending 2016 with $237bn this year, with the Bloomberg
Billionaire index revealing some categorical fact
For
starters, it was revealed that the gains of 2016b was led by Sir Warren Buffet,
who added $11.8bn during the year as his investment firm BERKSHIRE Hathaway
Incorporated, saw its airline and banking holdings soar after Donald Trump’s
surprise victory on November 8, thus making the US investor reclaimed his spot
as the second-richest person two days after Donald Trump’s victory ignited a
year-end rally that pushed his wealth up by 19 % for the year to $75.1bn
But the
gains of Sir Buffet, was not to be the same story for some other global
investors, worst hit which incidentally is
Africa’s richest man and President of Dangote Group, Alhaji Aliko
Dangote losing a whopping 32 per cent of his wealth, according to the highly
authoritative Bloomberg Billionaires index
With the
findings, it shows that Dangote lost $4.9bn9IE ONE THIRD OF HIS WEALTH) AS THE
COMBINED EFFECT OF FALLING OIL PRICES
and the June devaluation of the naira
pushed him to no. 112 on the global billionaire rich list with &10.4bn, so
alarming to note that Dangote was rated as the no. 46th richest
person in June
Another great
crash was flamboyant Saudi Arabia’s Prince Alwaleed Bin Talal Al Saud, who fell
by $4.9bn, a 20 per cent drop, the highly respected report added-thus
confirming Alwaleel projection when he said in November that all his stakes in
public companies, including Citigroup Incorporated, were potentially for sale,
reversing a longstanding policy that some of his most prized shareholders were
forever
One strange thing
about the index report has to do with China, which has 31 billionaires on the
index with $262bn; it was a year that wealth creation in China turned negative
for the first time since the inception of the Bloomberg index five year
ago, with the Country’s richest loosing $11bn this year
*What a twist of faith...some losing billions, some gaining
more billions
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