In a significant shift in the rankings of Africa’s wealthiest individuals, South African billionaire Johann Rupert has surpassed Nigerian business magnate Aliko Dangote to become the continent’s richest person.
According to recent estimates, Dangote’s net worth has declined by over $1 billion, primarily due to the impact of the COVID-19 pandemic on his business interests. Meanwhile, Rupert’s net worth has seen a notable increase, driven by the strong performance of his luxury goods company, Richemont, and other investments.
As a result, Rupert’s net worth now stands at an estimated $10.5 billion, eclipsing Dangote’s net worth of $9.5 billion. This change in ranking marks a significant milestone in the African business landscape, with Rupert becoming the first South African to hold the top spot in over a decade.”
