Tuesday, January 9, 2024 – Billionaire Aliko Dangote has regained his position as the richest person in Africa, according to Forbes and Bloomberg, dethroning South African business mogul Johann Rupert.
The Forbes Daily billionaires ranking platform, which tracks
daily changes to the net worth of the most high-net-worth individuals across
the world, showed that Dangote’s net worth improved by $10 billion to $10.1
billion as of January 8, 2024.
He overtook Johann Rupert, South African luxury goods tycoon
and his family.
Rupert’s net worth as at press time was $10 billion, down
from $10.7 billion as at January 30, 2023.
Dangote is now ranked 191st on the Forbes list, while Rupert
is ranked 197th worldwide.
Dangote also remains Africa’s richest man on the Bloomberg
Billionaire Index.
According to Bloomberg, the majority of Dangote's wealth is
derived from his 86 percent stake in publicly traded Dangote Cement. He holds
the shares in the company directly and through his conglomerate, Dangote
Industries.
Bloomberg said: “Dangote’s other publicly traded assets
include stakes in Dangote Sugar, NASCON Allied Industries, and United Bank for
Africa. His stakes in the publicly traded companies are held directly and
through Dangote Industries, which also owns closely held businesses operating
in food manufacturing, fertiliser, oil, and other industries.
“His most valuable closely held asset is a fertiliser plant
with a capacity to produce up to 2.8 million tonnes of urea annually. Its net
value is based on a discounted cash flow analysis by KPMG. The valuation was
confirmed by outside analysts.”
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