Johann Rupert and family have emerged as the richest man in Africa, dethroning Nigeria’s Aliko Dangote as the continent’s wealthiest man.
A list released by Forbes Magazine, Aliko Dangote moved to second position as his wealth decreased from $13.5 billion in 2023 to $9.5 billion at the start of 2024.
The Forbes Daily billionaires ranking platform, tracks daily changes to the net worth of the most high-net-worth individuals across the world.
In the list, there were significant declines in the wealth of the billionaires. The wealth of Nigeria’s Mike Adenuga, moved him to the tenth position, while Patrice Motsepe who was in the top ten in 2023 didn’t make the top ten richest men in 2024. Additionally, no woman made the top ten of richest individuals at the start of the year.
In the 2024 rankings, Johann Rupert & Family’s wealth went from $10.7 billion down to $10.3 billion to emerge Africa’s richest man with the decrease of the wealth of long-time African richest Aliko Dangote which went from $13.5 billion to $9.5 billion.
South Africa’s Nicky Oppenheimer & Family’s wealth also decreased from $8.4 billion in 2023 to $8.4 billion in the start of 2024.
Nassif Sawiris moved up one place dislodging Rabiu Abdulsamad as the fourth richest man in Africa. His wealth appreciated from $7.3 billion in 2023 to $7.4 billion in 2024. Abdulsamad occupies the fifth position.
His diversified wealth decreased from $7.6 billion to $5.9 billion.
A new billionaire from Eswatini, Nathan Kirsh made entry into this year’s list, taking the sixth position with a net worth of $5.8 billion.
Mike Adenuga, who occupied the position in 2023 moved down four positions to become the tenth richest man in Africa. His wealth depreciated from $6.3 billion to $3.1 billion.
Algerian Issad Rebrab & Family maintained their seventh rank with $4.6 billion. Mohamed Mansour, who occupied the tenth position in 2023, moved up to the eighth position with his wealth moving from $2.9 billion to $3.6 billion. Mansour’s wealth grew more than that of Naguib Sawiris who took up the ninth position while maintaining his net worth of $3.3 billion. Patrice Motsepe who occupied the ninth position in 2023 didn’t make the top ten lists at the beginning of 2024 as his wealth depreciated to $2.5 billion.
