Nigerian billionaire and industrialist Aliko Dangote has retaken his position as Africa’s richest man on the Bloomberg billionaire list, days after losing it to South Africa’s Johann Rupert.
According to Bloomberg, Aliko Dangote’s wealth increased in the last 24 hours by $144 million to $13.7 billion on Monday, August 5, 2024.
Dangote dethroned Rupert, who held the crown over the weekend.
Rupert’s net worth as of Monday, August 5, 2024, stands at $13.3 billion, having lost $334 million in the last 24 hours. Dangote is now ranked as the 149th richest man in the world by the Bloomberg index, up from his previous ranking of 156th. This means Dangote wealth moved ahead of seven powerful billionaires on the Bloomberg Index. For Rupert, he dropped down one place and now sits as the 155th richest man in the world.
Dangote’s source of wealth
Dangote’s wealth comes primarily from his 86% stake in the Dangote Cement. He holds the shares directly and indirectly via his Dangote Industries conglomerate.
