South African businessman Johann Rupert has overtaken Nigerian billionaire Aliko Dangote as Africa’s richest person due to the depreciation of the Nigerian Naira.
According to Forbes Magazine’s Real-time Global Billionaires Ranking, Rupert now holds a net worth of $12 billion, while Dangote’s net worth stands at $10.8 billion. Rupert is chairman of Swiss luxury goods company Richemont and South African company Remgro.
Nigerian media outlets have reported on Dangote’s loss of $4.12 billion since the devaluation of the Naira, leading to his exclusion from the top 100 richest individuals list.
READ ALSO: Dangote makes N460bn in one day, overtakes 2 Russians, one Chinese on billionaires’ list
Naira devaluation was the cause.
The devaluation of the Naira has negatively impacted the valuation of Dangote’s assets, including Dangote Cement, Dangote Sugar, and Bascom Allied Industries.
As of Friday, June 16, 2023, Rupert’s net worth is $12 billion while Dangote lags behind with a net worth of $10.8 billion.
READ ALSO: E don come again: Daniel Regha claims government support Dangote because of tribe
Dangote, Bill Gates set to meet President Tinubu on Monday
In another news, On Monday, President Bola Tinubu will meet with Aliko Dangote, the chairman of the Dangote Group, and Bill Gates, the co-founder of Microsoft, at the State House in Abuja.
This was announced by Dangote after a private meeting with Tinubu at the Aso Rock Villa on Friday.
Dangote stated that he came to inform the President about their upcoming visit with Bill Gates, who is his friend.
