Africa’s richest man : Johann Rupert dethrones Aliko Dangote
The South African luxury magnate, Johann Rupert, has claimed the title of the richest man in Africa, dethroning the Nigerian Aliko Dangote, who held the title for 12 consecutive years.
Aliko Dangote is no longer the richest man in Africa. The Nigerian billionaire has been ousted from his position in favor of the South African luxury magnate, Johann Rupert. This was revealed by Forbes in its annual list of the richest individuals in Africa.
Forbes’ list, which tracks the wealth of African billionaires residing or primarily active in Africa, shows that billionaires experienced a significant reduction in their wealth over the past year. Aliko Dangote lost $4 billion during the past year, with his net worth dropping from $13.5 billion to $9.5 billion.
A significant loss for the CEO of the Dangote Group, who loses his throne that he has jealously held for 12 years. A crown seized by the South African Johann Rupert despite also experiencing a loss over the last 12 months. The luxury magnate saw his fortune decrease from $10.7 billion to $10.3 billion.
Below the top two, we find South African businessman Nicky Oppenheimer with $8.3 billion and the Egyptian Nassef Sawiris with $7.4 billion. With a net worth dropping from $7.6 billion to $5.9 billion, the Nigerian billionaire Mike Adenugu falls to the 5th place in the African ranking.
In the rest of the ranking, notable appearances include South African businessman and philanthropist Nathan Kirsh ($5.8 billion), Algerian businessman Issad Rebrab ($4.6 billion), Egyptian businessman Mohamed Mansour ($3.6 billion), and billionaire Egyptian Naguib Sawiris ($3.3 billion), while the Nigerian Abdulsamad Rabiu completes the top 10, seeing his fortune plummet from $6.3 billion to $3.1 billion.
