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

Aliko Dangote has reclaimed the title of the wealthiest person in Africa, as reported by Forbes Real-Time Billionaires, just days after losing the position.

The real-time ranking, which continuously updates the net worth and ranking of confirmed billionaires, indicates that Dangote’s net worth increased by $10 million to reach $10.1 billion as of January 8, 2024.

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.

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.

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