South African tycoon Johann Rupert surpasses Nigeria's Aliko Dangote to become Africa's richest man.

South African luxury goods tycoon Johann Rupert has become Africa's richest man, surpassing Nigeria's Aliko Dangote. Rupert's net worth reached $14.3 billion, while Dangote's fortune decreased to $13.4 billion. Dangote's significant losses were attributed to Nigeria's challenging macroeconomic environment affecting his Dangote Group and an 86% stake in publicly traded Dangote Cement.

August 27, 2024
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