Dangote regains title of Africa’s richest from Rupert on Forbes Africa’s billionaire list

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In Forbes’ Africa billionaire list, Dangote unseats Rupert as the richest person in Africa.

  • Based on Forbes Real-Time Billionaires ranking, Aliko Dangote is once again the richest man in Africa.
  • Alhaji Aliko Dangote, a Nigerian, was previously surpassed by South African business tycoon Johann Rupert to hold the title of wealthiest person in Africa.

At the time of this report, Aliko Dangote’s net worth had grown from $9.5 billion on January 3 to $10.4 billion.
Over the period under review, he overtook Johann Rupert and his family, whose net worth dropped from $10.3 billion to $10.0 billion.

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In early 2024, Business Insider released a list of the top 10 richest people in Africa. The list showed that Johann Rupert, a South African business magnate, had surpassed Aliko Dangote of Nigeria to take the top spot.

According to the Forbes Daily Billionaires ranking platform, which tracks daily variations in the global elites’ net worth, Aliko Dangote’s net worth grew from $9.5 billion on January 3 to $10.4 billion at the time of writing.

Over the period under review, he overtook Johann Rupert and his family, whose net worth dropped from $10.3 billion to $10.0 billion.

Rupert is ranked 198th globally, and Dangote, the CEO of the Dangote Group, is currently ranked 190th on the Forbes list.

Similarly, Dangote is ranked as the richest person in Africa by the Bloomberg Billionaires Index.

Aliko Dangote made history last year when he became the first African billionaire on a list primarily composed of billionaires from Asia and Europe by rising to the ninth rank on the Forbes list of the world’s richest manufacturing billionaires.

Dangote Industries, a conglomerate with its headquarters located in Lagos, Nigeria, is the foundation of Dangote’s financial empire. The majority of the 66-year-old billionaire’s wealth, according to Bloomberg, came from his 86% ownership in Dangote Cement, which is a publicly traded company.

His impact is felt in industries like packaged foods, sugar, salt, fertiliser, and the newly opened $20 billion petroleum refinery, which is currently Africa’s biggest.

Dangote declared last year that he intended to list his refinery, Dangote Petroleum Refinery, on the Nigerian Exchange Limited.

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