Dangote Regains Top Spot From Rupert On Forbes Africa’s Billionaire List

Aliko Dangote has reclaimed his position as the richest person in Africa, according to Forbes Real-Time Billionaires.

The ranking, which provides ongoing updates on the net worth and ranking of each individual confirmed to be a billionaire, showed that Dangote’s net worth improved by $10 million to $10.1 billion as of January 8, 2024.

See also  Wild 24 Hours: Naira Plunges To N1,900, Rebounds To N1,354 Then Dips To N1,700/$

He overtook Johann Rupert, South African luxury goods tycoon and his family. Rupert’s net worth as at January 8 was $10 billion, down from $10.7 billion as at December 30, 2023.

Dangote, who is the CEO of Dangote Group, now ranks 191st globally while Rupert and his family at 197th. The Bloomberg Billionaires Index also ranks Dangote as the richest person in Africa.

See also  Naira Weakens To Dollar At Parallel Market: Dollar Rate Today, December 26, 2023

According to Bloomberg, the majority of his fortune is derived from his 86 percent stake in publicly traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.


A Professional blogger and Entertainer. An extremely calm-headed guy.... Maybe naughty. lol

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button

Adblock Detected

Kindly Use Chrome Or Phoenix Browser or turn off Ad blocker