10 years after holding the title of African richest man, Dangote loses it as Johann Rupert surpasses him

The Chairman of Dangote Group, Aliko Dangote has been displaced as the richest man in Africa by South African billionaire, Johann Rupert.

Wonder9ja reports that Forbes Magazine announced on Friday, June 16, that Rupert displaced Dangote who has held that title consecutively for 10 years.

Forbes real-time Global Billionaires Ranking pegged Rupert’s net worth at $12 billion and Dangote’s at $10.8 billion.

It was gathered that Dangote’s net worth took a massive dip due to the naira depreciation caused by the Central Bank of Nigeria’s decision to auction the dollar at a relatively lower rate than the official market price.

About Ijoba_wonderman 2906 Articles
Ijoba Wonderman is a fast rising Nigerian blogger, music promoter, social media manager and the ceo of Wonder9ja.com whose niche is entertainment. His spirit of consistency has kept him relevant in the Nigeria entertainment blogging industry. He is really making waves!!!

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