Johann Peter Rupert, a South African billionaire businessman, and chairman of the Swiss-based luxury-goods company, Richemont, has surpassed the Nigerian business mogul, Aliko Dangote to become the richest person in Africa.
According to Bloomberg, Rupert’s wealth has grown to $13.65 billion, making him the 154th richest person in the world.
Dangote’s net worth was $13.6 billion as of Friday, August 2, 2024, about $50 million less than Rupert’s wealth placing the Kano-born business magnate as the 156th richest person in the world.
From January to August 2024, Rupert’s wealth grew by $1.21 billion. On the other hand, Dangote’s wealth dropped by a lot because the Naira lost a lot of value.
Rupert’s wealth comes mostly from Cie Financière Richemont, which is the world’s biggest luxury watchmaker and a publicly shared company that makes and sells luxury goods.
On the other hand, most of Dangote’s wealth comes from his 86% share in Dangote Cement, which is sold on the stock market.