The prestigious title of Africa’s richest individual has been taken over by Johann Rupert, a prominent business magnate hailing from South Africa, effectively dethroning Nigeria’s successful business tycoon, Aliko Dangote. This information was revealed according to the real-time billionaire rankings offered by Forbes, a platform that monitors the fluctuating wealth of the world’s most affluent individuals on a daily basis. As of January 4, 2024, Dangote, the mastermind behind the Dangote Group conglomerate, experienced a decline in his fortune from $13.5 billion in 2023 to $9.7 billion.
Consequently, this shift in wealth resulted in a loss of $3.8 billion, ultimately pushing him to the runner-up spot in real-time rankings. In a parallel manner, Rupert witnessed a decline in his total assets, which dropped from $10.7 billion in the year 2023 to $10 billion during that very time frame. At 73 years of age, Johann Rupert leads as the distinguished chairman of Compagnie Financiere Richemont, a renowned Swiss enterprise specializing in opulent merchandise.
Decline in Adenuga’s net worth from $6.3 billion to $3.1 billion.
This illustrious establishment is most prominently recognized for its widely acclaimed brands, namely Cartier and Montblanc. In contrast, there was a shift in fortunes for both Abdul Samad Rabiu, the esteemed leader of BUA Group, and Mike Adenuga, who holds the esteemed position of chairperson at Globacom, as they are no longer on the top part of the exclusive billionaire list. Forbes’ latest ranking revealed a significant decline in Adenuga’s net worth, dropping from $6.3 billion in 2023 to a $3.1 billion on Thursday, January 4, 2024.
Conversely, Rabiu experienced a decline in wealth as well, with his fortune decreasing from $7.6 billion to $5.7 billion. As a result, Adenuga experienced a shift in his ranking, moving down to 10th place from his previous position at 6th. Similarly, Rabiu’s position underwent a change, as he moved down from 4th place to take Adenuga’s former spot at 6th. Africa is home to a remarkable collection of wealthy individuals who have secured their positions as the top ten billionaires according to Forbes.
Vast fortune of Aliko Dangote amounts to $9.7 billion.
Here is the complete roster of these immensely affluent individuals in Africa: Johann Rupert & family , with a $10 billion net worth; the vast fortune of Aliko Dangote amounts to a remarkable $9.7 billion; Nicky Oppenheimer & family, with a net worth of $8.3 billion; the net worth of Nassef Sawiris stands at a staggering $7.3 billion; the financial fortune amassed by Nathan Kirsh amounts to an impressive $5.8 billion; Abdulsamad Rabiu boasts an impressive fortune that amounts to a staggering $5.7 billion; Issad Rebrab & Family has boasts a $4.6 billion net worth; Mohamed Mansour, heralded as one of Africa’s prominent billionaires, claims a staggering fortune of $3.6 billion; Naguib Sawiris, a prominent figure in the business world, possesses a staggering fortune of $3.3 billion; Mike Adenuga has also amassed a fortune of $3.1 billion.
Contrarily, an examination of the Bloomberg Billionaires Index reveals that Dangote continues to uphold his status as the wealthiest individual in Africa, boasting a fortune of $15.4 billion. In stark contrast, Rupert’s net worth trails behind with a mere $12 billion. On June 15, 2023, Dangote experienced a significant decrease in his fortune, amounting to a staggering $3.12 billion due to Nigeria’s implementation of a floating local currency and the unification of its exchange rate system.
Dangote remains Africa’s richest man — Bloomberg Billionaires Index.
However, within just 15 days, by June 30 of the same year, Dangote managed to bounce back and fortify his position as the wealthiest individual in Africa. Through strategic investments made in the industrial sector, he successfully generated an impressive $20.7 million, resulting in a notable rise in his overall wealth. The billionaire, having been affected by the devaluation of the naira, experienced a decline in their position within the Forbes billionaire ranking. This decline can be attributed to the method of calculating net worths, which takes into account stock prices and currency exchange rates as of the end of business on Friday, January 13, 2023.
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