Nigerian Businessman and the CEO of Dangote Group, Aliko Dagote is no longer the richest man in Africa, as South African billionaire, Juhann Rupert, has displaced him as number one on Africa’s richest list.
Forbes revealed on their Billionaire ranking on Sunday that Dangote’s net worth has dropped by 20.7%. This is happening amid the Naira devaluation implemented by the Central Bank of Nigeria.
Luxury Magnet, Rupert has now become the Richest Man in Africa after his networth increased from $10.7 billion to 12 billion.
Dangote trails behind him with a networth of $10.8 billion as of Friday.
However, Dangote is expected to bounce back with the expected kickoff of the $20 billion Dangote refinery that was commissioned last Month.