*Pix above: Aliko Dangote
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Nigerian Billionaire, Aliko Dangote, has dropped as Africa’s richest man as his wealth decreases by $4bn…thereby bequeathing the status to a South African, Johann Rupert and family.
–L-R: New African king of money, Johann Rupet, and his predecessor, Dangote
Dangote’s wealth, it was gathered, decreased from $13.5bn in 2023 to $9.5bn at the start of the new year 2024 while Rupert and family also suffered dwindling wealth, but not as much as the Nigerian billionaire.
Johann Rupert & Family’s wealth went from $10.7b down to $10.3b, but it was still high enough for him to emerge Africa’s richest man with the decrease of the wealth of long-time African richest Aliko Dangote which went from $13.5b to $9.5b.
In a list released by Forbes Magazine, Nigerian billionaires; Rabiu Abdulsamad and Mike Adenuga also lost their spots in the billionaire rankings.
The Forbes Daily billionaires ranking platform which tracks daily changes to the net worth of the most high-net-worth individuals across the world, revealed that there were significant declines in the wealth of the billionaires.
Mike Adenuga, for instance, also moved to tenth position, while Patrice Motsepe who was in the top ten in 2023 didn’t make the top ten richest men in 2024. Additionally, no woman made the top ten richest list at the start of the year.
The declines in the wealth of these individuals are pointers to the economic challenges across African countries.
The devaluation of the Naira and other economic issues can be attributed to the decrease of Dangote’s wealth.
Below is the list of the top 10 African billionaires and their networth:
- Johann Rupert & Family $10.3 billion
- Aliko Dangote $9.5 billion
- Nicky Oppenheimer & Family $8.3 billion
- Nassef Sawiris $7.4 billion
- Abdulsamad Rabiu $5.9 billion
- Nathan Kirsh $5.8 billion
- Issad Rebrab & Family $4.6 billion
- Mohamed Mansour $3.6 billion
- Naguib Sawiris $3.3 billion
- Mike Adenuga $3.1 billion/PLEASE SHARE
