Commodities Rout Erases Billions from Africa's Biggest Fortunes
Are the go-go years over for the continent's commodities billionaires?
Nigerian billionaire Aliko Dangote.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The collapse in commodity prices and the rise of the African middle class has flipped the fortune trends of the continent's richest people.
Commodities tycoons Aliko Dangote and Patrice Motsepe have lost almost $4 billion in 2015, while Nigerian telecom billionaire Mike Adenuga and South African retail mogul Christo Wiese have added almost $2 billion, according to the Bloomberg Billionaires Index.