Dangote Dropped to Second As South African Johann Rupert, Becomes The Richest Man In Africa

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