South African businessman overtakes Dangote as Africa’s richest person

Forbes reports that as of Tuesday, January 2, 2023, Rupert’s net worth soared to an impressive $10.3 billion, while Dangote’s fortunes dwindled slightly to $9.5 billion.

This marks a significant milestone for Rupert, as he now claims the crown that Dangote has held for the past decade. His ascension on the global stage is equally noteworthy, as he is ranked as the 192nd wealthiest person in the world, according to Forbes’ latest rankings. In contrast, Dangote currently resides at the 230th position, a stark shift from his long-standing top spot.

Looking back at Dangote’s journey to wealth, it becomes clear that he experienced the highest peak in 2014 when his net worth surpassed an astonishing $20 billion. However, over time, his fortune has gradually diminished, primarily due to the devaluation of Nigeria’s currency. This year, Dangote finds himself starting with the lowest net worth for a new year in the past decade, with $9.5 billion to his name.

Interestingly, while Forbes may have placed Rupert as the wealthiest man in Africa, Bloomberg’s billionaire list tells a different tale. According to Bloomberg, Dangote still retains the prestigious title of Africa’s richest man, firmly seated at the summit. His net worth on this ranking stands at an impressive $15.1 billion, placing him at the 128th position globally. In contrast, Rupert holds the 162nd position with a net worth of $12.4 billion.

Continue reading here 👇👇

Verified by ExactMetrics
Verified by MonsterInsights