S’African billionaire becomes Africa’s richest man

According to a list released by Forbes Magazine, South African business mogul, Johann Rupert, has ousted Nigerian Aliko Dangote to emerge as Africa’s wealthiest man.

Similarly, Nigerian billionaires Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine

The Forbes Daily billionaires ranking platform tracks daily changes to the net worth of the most high-net-worth individuals across the world.

In the list, Forbes revealed that Aliko Dangote moved down to second position as his wealth decreased from $13.5b in 2023 to $9.5b at the start of 2024.

The wealth of Nigeria’s Mike Adenuga moved him to the tenth position, while Patrice Motsepe, who was in the top ten in 2023, didn’t make the top ten richest men in 2024.

In the 2024 rankings, Johann Rupert & Family’s wealth went from $10.7b down to $10.3b to emerge Africa’s richest man with the decrease of the wealth of long-time African richest Aliko Dangote which went from $13.5b to $9.5b.

One striking change in the Forbes wealthiest people in Africa list is that no woman made the top ten richest list at the start of the year.

The devaluation of the Naira and other economic issues can be attributed to the decrease of Dangote’s wealth.



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