FULL LIST: Nigeria’s Dangote Dethroned As Africa’s Richest By S’African Billionaire

VAM News January 4, 2024 in Africa Tagged Africa’s richest man, Nigeria's Dangote, S'African Billionaire - 1 Minute

South African businessman, Johann Rupert, has displaced Nigerian billionaire and founder of the Dangote Group, Aliko Dangote as Africa’s richest man as a result of the depreciation of the Naira.

According to Forbes Magazine in its Real-time global Billionaires Ranking, Rupert currently boasts a $12 billion net worth while Dangote’s net worth is put at $10.8 billion. Rupert is the chairman of Swiss-based luxury goods company, Richemont, and South Africa-based company, Remgro.

Rupert, who initially followed Dangote closely, took over the number one spot following the Central Bank of Nigeria’s decision to free its grip on the official exchange market, which saw the Nigerian billionaire’s worth drop by $4.12 billion, according to Bloomberg Billionaire Index (BBI).

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Here are Africa’s richest men:

Rank Name Net worth

1. Johann Rupert & Family $10.3 billion

2. Aliko Dangote $9.5 billion

3. Nicky Oppenheimer & Family $8.3 billion

4. Nassef Sawiris $7.4 billion

5. Abdulsamad Rabiu $5.9 billion

6. Nathan Kirsh $5.8 billion

7. Issad Rebrab & Family $4.6 billion

8. Mohamed Mansour $3.6 billion

9. Naguib Sawiris $3.3 billion

10. Mike Adenuga $3.1 billion.

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