South African Mogul Overtakes Aliko Dangote as Africa’s Wealthiest Individual

South African billionaire Johann Rupert has surpassed Aliko Dangote as Africa’s wealthiest person, according to Forbes Real-Time Billionaires. 

Dangote‘s wealth dropped to $9.7 billion, securing him the second spot, while Rupert’s net worth fell slightly to $10 billion.

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Rupert, a 73-year-old South African, is the chairman of Compagnie Financiere Richemont, a Swiss luxury goods firm best known for the brands Cartier and Montblanc.

Other billionaires like Nicky Oppenheimer & family ($8.3 billion), Nassef Sawiris ($7.3 billion), Nathan Kirsh ($5.8 billion), Abdulsamad Rabiu ($5.7 billion), Issad Rebrab & Family ($4.6 billion), Mohamed Mansour ($3.6 billion), Naguib Sawiris ($3.3 billion), and Mike Adenuga ($3.1 billion). 

See list of top 10 billionaires in Africa

1. Johann Rupert & family — $10 billion

2. Aliko Dangote — $9.7 billion

3. Nicky Oppenheimer & family — $8.3 billion

4. Nassef Sawiris — $7.3 billion

5. Nathan Kirsh — $5.8 billion

6. Abdulsamad Rabiu — $5.7 billion

7. Issad Rebrab & Family — $4.6 billion

8. Mohamed Mansour — $3.6 billion

9. Naguib Sawiris — $3.3 billion

10. Mike Adenuga — $3.1 billion

Forbes’ rankings highlight changes affected by currency fluctuations, impacting net worth calculations. Dangote’s Bloomberg Billionaires Index position still shows him at $15.4 billion, while Rupert stands at $12 billion. Dangote’s earlier wealth increase in 2023 after Nigeria’s currency decision contrasts with his current position in the Forbes list, showcasing the effects of such economic changes.