Aliko Dangote Is No Longer The Richest Man In Africa

According to latest data on Forbes billionaire ranking, Aliko Dangote’s net worth has dropped by 20.7% amid the Naira devaluation implemented by the central bank of Nigeria (CBN).

He has been displaced by a  south African billionaire, Johann Rupert, as number one on Africa’s richest list.

Dangote’s wealth dropped by $2.80 billion to $10.7 billion, from $13.5 billion, costing him the richest man position for the first time since 2008, when he debuted on the Forbes billionaire index.

Meanwhile, Rupert became the richest man in Africa after his net worth increased by $1.3 billion from $10.7 billion to $13.5 billion.

Although, according to Bloomberg billionaire index, Dangote remains the richest man in Africa with $16.8 billion, recording a year-to-date loss of $1.86 billion.

Rupert was placed on the second spot with a net worth of $13.6 billion, with a year-to-date gain of $2.67 billion.

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Meanwhile, Rupert became the richest man in Africa after his net worth increased by $1.3 billion from $10.7 billion to $13.5 billion.

Although, according to Bloomberg Billionaire Index, Dangote remains the richest man in Africa with $16.8 billion, recording a year-to-date loss of $1.86 billion.

Rupert was placed on the second spot with a net worth of $13.6 billion, with a year-to-date gain of $2.67 billion.

Note that Forbes and Bloomberg use different methodologies to arrive at the richest man in the world or Africa list, hence the difference in net worth and position of Dangote and Rupert.