Johann Rupert, a billionaire from South Africa, surpassed Aliko Dangote, a billionaire from Nigeria, to become the richest person in Africa.
Bloomberg says that Rupert’s wealth grew to $13.65 billion, making him the 154th richest person in the world.
Dangote’s net worth was $13.6 billion on Friday, August 2, 2024. This is $50 million more than that.
Dangote is the 156th richest person in the world according to the most recent Bloomberg list.
Dangote, Rupert source of wealth
Since the beginning of 2024, Dangote and Rupert’s wealth has changed in different ways.
From January to August, Rupert’s wealth grew by $1.21 billion. On the other hand, Dangote’s wealth dropped by a lot because the naira lost a lot of value.
Billionaire.Africa found that Dangote has lost more than $10 billion in the last six months.
Most of Dangote’s wealth comes from his 86% share in Dangote Cement, which is sold on the stock market. Because of this, his wealth depends a lot on how well the Nigerian economy and currency do.
Rupert’s wealth, on the other hand, comes mostly from Cie Financière Richemont, which is the world’s biggest luxury watchmaker and a publicly shared company that makes and sells luxury goods.
Here are the top 10 richest men in the world
Elon Musk: $241bn
Jeff Bezos: $207bn
Bernard Arnault: $182bn
Mark Zuckerberg: $177bn
Bill Gates: $157bn
Larry Page: $153bn
Larry Ellison: $152bn
Steve Ballmer: $145bn
Sergey Brin: $144bn
Warren Buffett: $136bn
