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Nigerian billionaire Aliko Dangote (pictured) has once again lost the title of Africa’s richest man to South African luxury goods tycoon Johan Rupert, according to a daily ranking of the world’s richest people. Forbes wait Bloomberg.
Dangote Group boss occupies 186Egypt World ranking in real-time rankings Forbes His fortune stands at $11.4 billion after he lost more than $486 million in the past three days.
Dangote, who has lost billions due to the sharp devaluation of the naira that begins in June 2023, has been surpassed by Johan Rupert several times since the beginning of the year but has rebounded each time.
Billionaires real-time ranking Forbes Johann Rupert 175Egypt Ranked first in the world with a fortune of US$11.9 billion.
According to the data Bloomberg Billionaires IndexSouth African businessman and president of Swiss luxury goods company Richemont arrives at No. 146Egypt Ranked first in the world, with an estimated wealth of $14.3 billion.
The observed differences between Forbes and Bloomberg can be explained by the different methodologies chosen by the two media outlets to assess the assets of billionaires around the world.
Analysts say Dangote’s fortunes could improve in the coming months, especially as its refinery capacity increases with improved crude supply sources and diversification into refined products. The company’s enterprise value is expected to grow rapidly, given that Dangote Refinery will have a near-monopoly in the Nigerian fuel market and will target other countries on the continent.
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