Business News of Sunday, 8 September 2024

Source: legit.ng

Dangote reclaims title as Africa's richest man ahead of South African billionaire

Aliko Dangote Aliko Dangote

Aliko Dangote, the chairman of the Dangote Group, has reclaimed his title as Africa’s richest man, overtaking South African billionaire Johan Rupert. 

According to the latest data from Bloomberg, Dangote’s wealth currently stands at $13.2 billion, just ahead of Rupert’s net worth, which has declined to $13.1 billion.

This change restores Dangote's at the top of Africa's wealthiest list after losing it to Rupert in August 2024.

The Bloomberg Billionaires Index currently ranks Dangote as the 159th richest person in the world, four places ahead of Rupert, who is positioned at 163rd.

Similarly, the Forbes Billionaire Index has listed Dangote as the richest man in Africa, but with a different net worth.

According to Forbes, as of Sunday, September 8, Dangote is worth $11.7 billion and is the 188th richest person in the world.

Meanwhile, Johann Rupert has a net worth of $10.8 billion and has dropped to the 205th position in the world billionaire ranking.

Other Nigerian billionaires' net worth

Abdulsamad Rabiu - $6.6 billion

Mike Adenuga- $4.8 billion

Femi Otedola - $1.4 billion