Aliko Dangote Dethroned from the Seat of African Wealthiest Person

Aliko Dangote Dethroned from the Seat of African Wealthiest Person Forbes
Aliko Dangote
Nigerian business mogul, Aliko Dangote, has been dethroned as the richest person in Africa. Although Nigerians still dominate the elite list, South Africa is now the leading wealthiest African person.

Forbes Daily Billionaire list showed that Nigerian Aliko Dangote has been dethroned by Johann Rupert & Family of South Africa as of January 1, 2024.

Aliko Dangote, who is on the last lap of completely delivering his multibillion-dollar Oil Refinery in Nigeria is now the second richest in Africa.

Aliko Dangote's wealth profile might have been affected by the economic reforms currently taking place in the country, and the unification of the country's exchange rate could be a great factor contributing to the fall in his wealth record.

A new hierarchy of African money bags, as listed by Forbes is as follows:

Johann Rupert & Family- $10.3 billion (South Africa, Luxury goods)

Aliko Dangote – $9.5 billion (Nigeria, Cement, Sugar)

Nicky Oppenheimer & Family – $8.3 billion (South Africa, Diamonds)

Nassef Sawiris – $7.4 billion (Egypt, Construction and investments)

Abdulsamad Rabiu – $5.9 billion (Nigeria, Cement, Sugar)

Nathan Kirsh – $5.8 billion (Eswatini, Retail, Real estate)

Issad Rebrab & Family – $4.6 billion (Algeria, Food)

Mohamed Mansour– $3.6 billion (Egypt, Diversified)

Naguib Sawiris– $3.3 billion (Egypt, Telecom)

Mike Adenuga – $3.1 billion (Nigeria, Telecom, Oil)

Category: World-News
Tag: Aliko Dangote Dethroned from the Seat of African Wealthiest Person Forbes
Written by Author (author)
Published 1/4/2024 4:11:09 PM

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