It is no longer news that Forbes today (March 5, 2013) announced Dangote as worlds 43rd richest man and the richest man in Africa. He is said be worth about $16.1billion (March 2013) an increase of 43.75% from the $11.2billion about a year ago. But how has his companies (quoted ones) faired today and how have they faired in the last one year?
Well, here it is;
TODAY MARCH 5, 2013
Dangote Cement
As you can see, the share pice lost N4 (2.76%) today
Dangote Sugar
Dangote Sugar remained largely flat loosing just N0.01 or 0.13%
Dangote Flour Mills
Dangote Flour mills suffered the most loss percentage wise loosing 3.75% today
ONE YEAR TO DATE
Dangote Cement
Dangote Cement has a year to date return of 42.94% as the share price was about N98.64 a year before compared to N141 today
Dangote Sugar
Dangote Sugar rose 113.33% from N3.75 last year to N8 today
Dangote Flour Mills
Dangote Flour Mills rose 120.7% from N4.1 to N9.05
Source: From Bloomberg