South African billionaire, Johann Rupert, has overtaken Aliko Dangote, chairman of Dangote Industries Limited, as Africa’s richest person.
According to the latest data from the Bloomberg Billionaires Index, Rupert’s net worth has risen to $14.3 billion, overtaking Dangote, whose fortune has declined to $13.4 billion.
The data shows that the wealth of Rupert, who is chairman of Richemont, a luxury goods conglomerate, has increased by $1.87 billion year-to-date, while Dangote’s fortune has declined by $1.69 billion.
Another South African billionaire, Nicky Oppenheimer, placed third with $11.3 billion net worth, Nassef Sawiris, an Egyptian businessman, followed with $9.37 billion, and Natie Kirsh, a South African investor, completed the top five with $9.14 billion.
The downturn in Dangote’s net worth is largely attributed to Nigeria’s challenging macroeconomic environment, where his conglomerate primarily operates.
