Aliko Dangote has reclaimed his position as Africa's richest man, overtaking South Africa's Johann Rupert after a recent increase in his net worth. This shift in ranking comes shortly after Rupert briefly surpassed Dangote on Friday , according to the Bloomberg Billionaires Index .
Dangote's fortune rose by $144 million, boosting his net worth from $13.6 billion on Friday to $13.7 billion as of Monday. This increase, which cuts his year-to-date wealth losses to $1.38 billion, follows a modest recovery of the Nigerian naira over the weekend.
The strengthening currency has had a positive effect on Dangote's 86 percent stake in Dangote Cement Plc, his most valuable asset.
Johann Rupert's wealth falls by $334 millionIn contrast, Johann Rupert's wealth took a hit as his net worth dropped by $334 million over the same period, declining from $13.65 billion on Friday to $13.3 billion.
