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Nigerian tycoon Aliko Dangote has regained his title as the richest person in Africa, surpassing South African magnate Johann Rupert, according to the latest updates from Forbes Real-Time Billionaires ranking.
Dangote’s net worth soared from $9.5 billion on January 3 to $10.4 billion, nudging him back to the top spot. Meanwhile, Rupert and his family saw a slight decline in their net worth, dropping from $10.3 billion to $10.0 billion during this period.
Initially overtaken by Rupert at the beginning of 2024, Dangote’s recent surge has placed him at the 190th position on the Forbes list, with Rupert trailing closely at 198th globally.
The Bloomberg Billionaires Index also echoes Dangote’s reemergence as the wealthiest individual in Africa, further solidifying his financial prowess.
At 66, Dangote’s financial empire, anchored by Dangote Industries, spans various sectors such as cement, sugar, salt, fertilizers, packaged foods, and notably, the recently inaugurated $20 billion petroleum refinery, now the continent’s largest.
Dangote’s fortune primarily stems from his commanding 86 per cent stake in the publicly traded Dangote Cement. His influence and investments extend across industries, exemplified by his plans to publicly list Dangote Petroleum Refinery on the Nigerian Exchange Limited, showcasing his continued commitment to growth and expansion in African markets.
