Johann Rupert, the South African luxury goods magnate, has reclaimed his position as Africa's richest man, boasting a fortune of $14.3 billion, according to the Bloomberg Billionaires Index .
This marks a $900 million lead over Nigerian industrialist Aliko Dangote, whose net worth stands at $13.4 billion. Rupert's resurgence follows a brief 24-hour period on August 2 when he surpassed Dangote, only to see the Nigerian billionaire regain the top spot shortly after.
Dangote's fortune dips by $200 million, Rupert's net worth rises by $650 millionDangote, the founder and chairman of Dangote Group, has witnessed a $200 million decline in wealth over the past 25 days, driven by a significant drop in the market value of his 86 percent stake in Dangote Cement, the cornerstone of his vast industrial empire. This decline brought his net worth down from $13.6 billion to $13.4 billion.
In contrast, Rupert has seen a substantial uptick in his fortune, with his net worth increasing by $650 million since Aug. 2. This surge is primarily attributed to the recent rebound in the share price of Richemont, the Swiss luxury goods conglomerate Rupert chairs.
