Johann Rupert, a South African billionaire businessman, has emerged as the richest man in Africa, displacing Aliko Dangote as the continent's wealthiest according to a list published by Forbes Magazine.
Nigerian billionaires; Rabiu
Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings
released by the financial magazine
In the list, 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 Aliko
Dangote moved down to second position as his wealth decreased from $13.5b in
2023 to $9.5b in the start of 2024.
In the list, there were
significant declines in the wealth of the billionaires. The wealth of Nigeria’s
Mike Adenuga, moved him to the 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.
In the 2024 rankings, Johann Rupert
& Family’s wealth went from $10.7b down to $10.3b 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.
South Africa’s Nicky
Oppenheimer & Family’s wealth also decreased from $8.4b in 2023 to $8.4b in
the start of 2024.
Nassif Sawiris moved up one
place dislodging Rabiu Abdulsamad as the fourth richest man in Africa. His
wealth appreciated from $7.3b in 2023 to $7.4b in 2024. Abdulsamad occupies the
fifth position. His diversified wealth decreased from $7.6b to $5.9b.
A new billionaire from
Eswatini, Nathan Kirsh made entry into this year’s list, taking the sixth
position with a net worth of $5.8b. Mike Adenuga, who occupied the position in
2023 moved down four positions to become the tenth richest man in Africa. His
wealth depreciated from $6.3b to $3.1b.
Algerian Issad Rebrab &
Family maintained their seventh rank with $4.6b. Mohamed Mansour, who occupied
the tenth position in 2023, moved up to the eighth position with his wealth
moving from $2.9b to $3.6b. Mansour’s wealth grew more than that of Naguib
Sawiris who took up the ninth position while maintaining his net worth of
$3.3b. Patrice Motsepe who occupied the ninth position in 2023 didn’t make the
top ten list at the beginning of 2024 as his wealth depreciated to $2.5b.
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