South African billionaire displaces Dangote, becomes Africa’s richest man
Maureen Aguta
Nigeria’s wealthiest man, Aliko Dangote, is now Africa’s second-richest man according to the latest Forbes list ranking Dangote fell behind South African billionaire Johann Rupert, who is the chairman of Swiss luxury goods firm Compagnie Financière Richemont Dangote is expected to become even wealthier in 2024 as his refinery begins production and the sale of its products
South African billionaire Johann Rupert is starting the New Year as the richest man in Africa, ahead of Aliko Dangote. According to Forbes, Rupert’s net worth as of Tuesday, January 2, 2023, stood at $10.3 billion, higher than Dangote’s $9.5 billion.
In the latest Forbes global ranking, Dangote is listed as the 230th richest man in the world, while Rupert holds the 192nd position Dangote is now ranked number two Dangote has held the top spot on the Forbes list for 12 years, with the highest level in 2014 when his wealth surpassed the $20 billion mark. Over the years, Dangote’s wealth has declined from $25 billion in 2014 to the current level of $9.5 million, mainly due to the devaluation of Nigeria’s currency. Dangote retains top position on Bloomberg However, on the Bloomberg billionaire list; Dangote retains the top spot as the wealthiest man in Africa. The ranking places Dangote as the 128th richest man in the world, with a net worth of $15.1 billion.
This is higher than Rupert’s, who sits at the 162nd position with a net worth of $12.4 billion. Dangote speaks on reported sales promo, crashing cement bag price to N2, 400.