Dangote drops to second as South African Johann Rupert becomes the Richest man in Africa

Johann Rupert from South Africa has surpassed Aliko Dangote to become the richest person in Africa.

According to Bloomberg, Rupert’s wealth has grown to $13.65 billion, making him the 154th richest person in the world.

Dangote’s net worth was $13.6 billion as of Friday, August 2, 2024, about $50 million less than Rupert’s wealth placing the Kano-born business mogul as the 156th richest person in the world.

From January to August 2024, 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.

Rupert’s wealth 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.

On the other hand, most of Dangote’s wealth comes from his 86% share in Dangote Cement, which is sold on the stock market.