Alhaji Aliko Dangote, the founder and CEO of Dangote Group, has once again become Africa’s richest person, surpassing South African tycoon Johann Rupert. According to Bloomberg’s real-time billionaire index as of August 5th, 2024, Dangote’s net worth has reached $13.7 billion, positioning him six ranks above Rupert, whose current net worth is $13.3 billion.
Rupert briefly overtook Dangote on August 2nd, 2024, with his fortune rising to $13.6 billion, attributed to strong gains in his luxury goods conglomerate, Richemont, which includes brands like Cartier and Montblanc. This surge was part of Rupert’s significant year-to-date increase of $1.21 billion, bringing him to the 155th spot on Bloomberg’s global ranking.
In contrast, Dangote’s wealth has experienced fluctuations, with a year-to-date loss of $1.38 billion despite a recent increase of $144 million. These shifts reflect broader economic and market trends impacting their diverse business ventures. As of the latest update, Dangote stands as the 149th richest person in the world, reaffirming his longstanding status as a leading figure in Africa’s business landscape.
