BREAKING: African wealthiest crashes down to 108th wealthiest man in the world.

Dangote

The famous Aliko Dangote, African number one wealthiest man has crashed down to number 108 in the list of the world's most wealthy men according to Bloomberg billionaire ranking.

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Dangote dropped down to 108th wealthiest man in the world as a result of the devaluation of the naira against the dollar from about 198 to about 300.

Dangote is now worth $10.7 billion (N3.38 trillion)

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According to Tvc News, Dangte's latest investment is a $12 million oil refinery and petrochemical plant in the city of Lagos, Nigeria.

Bill Gate remains number 1 in the world worth $88.1 billion.