Dangote Reclaims His Throne as Africa’s Richest Man

Aliko Dangote, a Nigerian mogul and industrial behemoth, has returned to the top of Africa’s wealthy list, recovering his position as the continent’s wealthiest individual on the Bloomberg billionaire index, only days after losing it to South African tycoon Johann Rupert.

According to Bloomberg, Dangote’s huge wealth increased by a remarkable $144 million in just 24 hours, increasing his total fortune to a whopping $13.7 billion as of Monday, August 5, 2024.

This meteoric climb allowed Dangote to dethrone Rupert, who had momentarily seized the title over the weekend.

Johann Rupert, who had a brief moment of fame, had his net worth plummet by $334 million in the same 24-hour period, decreasing his fortune to $13.3 billion.

This financial bloodbath has demoted Johann Rupert to the position of the 155th richest individual globally, marking a significant tumble from his short-lived reign.

Aliko Dangote’s triumphant return to supremacy has not only reestablished him as Africa’s undisputed financial juggernaut but also catapulted him up the global rankings, leapfrogging from 156th to 149th on Bloomberg’s index of the world’s wealthiest.

This meteoric rise means Dangote has surged ahead of seven influential billionaires, reasserting his dominance on the global stage.

For Johann Rupert, the fall is both swift and stinging, as he now finds himself edged out by his Nigerian rival, slipping to the 155th spot among the planet’s wealth elite.