Chairman of Dangote Group, Aliko Dangote is no longer Africa’s richest man, according to real time wealth ranking provided by Forbes on its website www.forbes.com.
Dangote who has remained Africa’s richest man for a consecutive 12 years, lost the position today after his net worth dropped to $9.7 billion, making him number two in Africa and 218 in the world. Although Forbes hasn’t changed the profile of Dangote to reflect his current status as second richest man in the world.
Dangote also dropped from 124th in the world to 218.
In July this year before Tinubu’s naira liberalization set in, Dangote’s net worth was $14 billion while Johann Rupert had $11 billion.
But with the Naira growing weaker every minute of the day and Nigerians losing the purchasing power to keep Dangote manufactures in profitable ways, his network continues to to drop to an all time low of $9.6 billion.
Johann Rubert with a net worth of $10 billion, becomes Africa’s richest man.
The 73-year-old Johann Rupert who is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, is best known for the brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s.
He owns 7% of diversified investment firm Remgro, which he chairs, as well as 26% of Reinet, an investment holding company based in Luxembourg.
Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.
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