South African billionaire Johann Rupert has surpassed Nigerian billionaire Aliko Dangote to become the richest man in Africa.
According to Bloomberg, Rupert’s fortune has grown to $13.65 billion, making him the 154th richest person in the world. This places him slightly ahead of Dangote, whose net worth is $13.6 billion as of August 2, 2024.
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
In Bloomberg’s latest global ranking, Aliko Dangote is listed as the 156th richest person.
Rupert’s wealth has increased by $1.21 billion from January to August this year. In contrast, Dangote’s net worth has been significantly affected by the depreciation of the Nigerian naira, resulting in a loss of over $10 billion in the last six months.
Dangote’s fortune primarily comes from his 86% stake in Dangote Cement, tying his wealth closely to the Nigerian economy and currency. Meanwhile, Rupert’s wealth is largely derived from his stake in Cie Financière Richemont, a leading luxury goods manufacturer and the world’s largest luxury watchmaker.
