See the South African billionaire who overthrew Dangote as Africa’s richest man
- Nigeria’s wealthiest man, Aliko Dangote, has lost the number role as Africa’s richest man on the Forbes checklist
- Dangote is now placed second in the motivate of Johann Rupert, the South African billionaire
- The Nigerian billionaire held the head role on the Forbes checklist for extra than a decade
Nigeria’s richest man, Aliko Dangote, has been displaced as Africa’s richest man, the build he held for over a decade.
Per Forbes, Dangote’s fortunes plunged by about $3.4 billion in a single day due to of Nigeria’s naira devaluation, which slashed the fortunes of most Nigerian billionaires.
Credit rating: Bloomberg/Credit rating
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Dangote is now ranked number two
The topple pushed Dangote to the number two role on the Forbes checklist, with South African billionaire Johann Rupert clinching the head role.
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Forbes estimates Rupert’s fortunes to be around $12 billion.
Dangote has held the head role on the Forbes checklist for 12 years.
In 2014, Forbes estimated Dangote’s wealth to get surpassed the $20 billion imprint.
Per experiences, Dangote’s wealth declined from $25 billion in 2014 to $14.2, due essentially to plenty of currency devaluations by Africa’s biggest economic system.
Dangote retains prime build on Bloomberg
Meanwhile, Dangote retains the head role in Africa on Bloomberg Billionaire’s Index but has dropped out of the first 100 positions globally.
Bloomberg estimates Dangote’s wealth to be about $16.8 billion from $21.2 billion.
Rupert’s wealth is $13.3 billion whereas keeping the number two role on the Bloomberg checklist.
Besides Dangote, diverse Nigerian billionaires on the Forbes checklist suffered a huge hit due to naira devaluation.
His closest rival in Nigeria, Abdul Samad Rabiu and Mike Adenuga, took a hit.
Rabiu lost about $2 billion and his role as Africa’s fourth richest man to Egyptian Nassef Sawiris, with a win value of $6.9 billion, per Forbes checklist.
Dangote crashes on billionaire ranking but earns N72.2 billion in 8 hours as Dangote Cement piece value drops
Legit.ng reported that Africa’s richest man, Aliko Dangote, has crashed six places on Bloomberg Billionaire Index released on Tuesday, June 13, 2023.
The Chairman of Dangote Group is now ranked as the 78 wealthiest man on the earth from the 72nd build he occupied two weeks ago.
The slack performance of the Nigerian stock replace affected Dangote’s fortunes.
Source: Legit.ng
