Business
Dangote reclaims his status as the richest person in Africa from Rupert.
According to the Forbes Daily Billionaires ranking tool, which tracks daily variations in the global elites’ net worth, Aliko Dangote’s net worth grew from $9.5 billion on January 3 to $10.4 billion at the time of writing.
Over the period under examination, he overtook Johann Rupert and his family, whose net wealth dropped from $10.3 billion to $10.0 billion.
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Rupert is ranked 198th globally, and Dangote, the CEO of the Dangote Group, is currently ranked 190th on the Forbes list.
Similarly, Dangote is ranked as the richest person in Africa by the Bloomberg Billionaires Index.
Aliko Dangote made history last year when he became the first African billionaire on a list primarily composed of billionaires from Asia and Europe by rising to the ninth rank on the Forbes list of the world’s richest manufacturing billionaires.
Dangote Industries, a conglomerate with its headquarters located in Lagos, Nigeria, is the foundation of Dangote’s financial empire. The majority of the 66-year-old billionaire’s wealth, according to Bloomberg, came from his 86% ownership in Dangote Cement, which is a publicly traded company.
His impact can be seen in industries including packaged goods, sugar, salt, fertilizer, and the recently commissioned$20 billion petroleum refinery, now Africa’s largest.
- South African business magnate Johann Rupert previously surpassed Nigerian Aliko Dangote to become the wealthiest person in Africa.
- Aliko Dangote’s net worth increased from $9.5 billion on January 3 to $10.4 billion at the time of this report.
- He surpassed Johann Rupert and his family, as their net worth declined from $10.3 billion to $10.0 billion within the period under review.
Credit: Dailypost
