Nigerian magnate and industrial powerhouse, Aliko Dangote, has stormed back to the pinnacle of Africa’s rich list, reclaiming his title as the continent’s wealthiest man on the Bloomberg billionaire index, mere days after ceding it to South African tycoon, Johann Rupert.
In a dramatic turn of fortunes, Bloomberg reports that Dangote’s immense wealth surged by a staggering $144 million in just 24 hours, bringing his total fortune to a colossal $13.7 billion as of Monday, August 5, 2024.
This phenomenal rise enabled Dangote to overthrow Rupert, who had briefly snatched the crown over the weekend.
Johann Rupert, who enjoyed a fleeting moment of glory, saw his net worth shrink by a whopping $334 million in the same 24-hour period, reducing his riches to $13.3 billion.
This financial bloodbath has demoted Johann Rupert to the position of the 155th richest individual globally, marking a significant tumble from his short-lived reign.
Aliko Dangote’s triumphant return to supremacy has not only reestablished him as Africa’s undisputed financial juggernaut but also catapulted him up the global rankings, leapfrogging from 156th to 149th on Bloomberg’s index of the world’s wealthiest.
This meteoric rise means Dangote has surged ahead of seven influential billionaires, reasserting his dominance on the global stage.
For Johann Rupert, the fall is both swift and stinging, as he now finds himself edged out by his Nigerian rival, slipping to the 155th spot among the planet’s wealth elite.