Finance(Ecofin Agency) - According to Forbes, Aliko Dangote has lost his position as the richest individual in Africa. In its updated ranking of African billionaires, Forbes claims that South Africa's Johann Rupert (photo) has dethroned Aliko Dangote as the continent's richest man. According to Forbes, Johann Rupert's fortune is estimated at $12 billion, while the Nigerian businessman's is just $10.7 billion. Dangote's fortune is based primarily on his $6.7 billion stake in Dangote Cement, an industrial conglomerate listed on the Lagos Stock Exchange. Johann Rupert, on the other hand, is more famous in South Africa and leads a discreet life, far from media headlines.

Source: Forbes June 19, 2023 17:13 UTC