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Forbes 2024: South African Billionaire, Rupert Displaces Dangote To Emerge Africa’s Richest Man

In 2024, Johann Rupert, the South African business tycoon heading Compagnie Financiere Richemont, secured the top spot as Africa’s wealthiest individual, overtaking Aliko Dangote, according to Forbes Real-Time Billionaires.

Dangote, founder of the Dangote Group, slipped to second place due to a decrease in his net worth from $13.5 billion in 2023 to $9.7 billion by January 4, 2024, indicating a $3.8 billion loss.

Meanwhile, Rupert’s wealth also saw a decline from $10.7 billion to $10 billion during the same period. Additionally, Abdul Samad Rabiu and Mike Adenuga lost their positions on the billionaire list, with Adenuga’s wealth dropping from $6.3 billion to $3.1 billion, and Rabiu’s increasing from $7.6 billion to $5.7 billion, causing shifts in their rankings on the list.

Here’s a full list of the top ten Forbes billionaires ranking in Africa.

1. Johann Rupert & family — $10 billion

2. Aliko Dangote — $9.7 billion

3 Nicky Oppenheimer & family — $8.3 billion

4. Nassef Sawiris — $7.3 billion

5. Nathan Kirsh — $5.8 billion

6. Abdulsamad Rabiu — $5.7 billion

7. Issad Rebrab & Family — $4.6 billion

8. Mohamed Mansour — $3.6 billion

9. Naguib Sawiris — $3.3 billion

10. Mike Adenuga — $3.1 billion

………..

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