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.
In Bloomberg’s latest global ranking, Aliko Dangote is listed as the 156th richest person.
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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.
