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Dangote Wins Back as Africa’s Richest Man

Nigerian businessman and philanthropist, Aliko Dangote, has regained his status as the richest person in Africa, reclaiming the position from South African business tycoon Johann Rupert, according to Forbes Real-Time Billionaires. As of January 8, his net worth stands at $10.1 billion, showing an improvement of $10 million, while Rupert’s net worth dropped to $10 billion from $10.7 billion as of January 30, 2023.

Currently ranked 191st on Forbes’ list of the world’s richest people, Dangote’s notable business achievements include leading the Dangote Group. His return to the top spot underscores the dynamic nature of wealth rankings and the fluctuating fortunes of prominent business figures.

Background:

  • Aliko first became Nigeria’s first billionaire in 2007 and has since been a consistent figure in the ranks of the world’s wealthiest individuals.
  • In 2013, he added $9.2 billion to his personal wealth, securing the 30th position on the Bloomberg Billionaires Index and becoming the richest person in Africa.
  • As of June 2022, Dangote held the title of the wealthiest person in Africa, with an estimated net worth of $20 billion.

His resilience in wealth accumulation highlights his enduring influence in the business world, reflecting the economic landscape of the African continent.

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