Johann Rupert (left) and Aliko Dangote (right)
Johann Rupert, a South African billionaire, has overtaken Nigeria’s Aliko Dangote, as Africa’s richest man.
This is according to latest data from the Bloomberg Billionaires Index.
Mr. Rupert controls several global luxury brands and also has major investments in South Africa. He also controls Richemont, one of the world’s largest luxury goods firms, which owns brands like Cartier and Montblanc.
His net worth has increased by $1.9bn to $14.3bn, placing him at 147th position globally, 12 places ahead of Mr Dangote.
Dangote is Nigeria’s industrialist billionaire with business interests in cement, petrochemical etc.
His wealth has however fallen by $1.7bn (£1.3bn) in 2024, giving him a net worth of $13.4bn, says Bloomberg.
The fall in Mr Dangote’s wealth underscores Nigeria’s challenging economic environment, where his conglomerate mainly operates.
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