Aliko Dangote has regained his status as the wealthiest man in Africa, according to Forbes Real-Time Billionaires ranking.

Business Insider previously published a list of the top 10 richest individuals in Africa at the beginning of 2024, revealing that South African business magnate Johann Rupert surpassed Nigerian Aliko Dangote to become the wealthiest person in Africa.

The Forbes Daily Billionaires ranking platform, monitoring daily changes in the net worth of the world’s wealthiest individuals, showed that Aliko Dangote’s net worth increased from $9.5 billion on January 3 to $10.4 billion at the time of this report.

He surpassed Johann Rupert and his family, as their net worth declined from $10.3 billion to $10.0 billion within the period under review.

Dangote, who is the CEO of Dangote Group is now ranked 190th on the Forbes list, while Rupert is ranked 198th worldwide.

Similarly, the Bloomberg Billionaires Index also ranks Dangote as the richest person in Africa.

Last year, Aliko Dangote secured the 9th position on the list of the richest manufacturing billionaires in the world, standing out as the only African on a list predominantly dominated by billionaires from Asia and Europe.

Dangote’s financial empire is rooted in Dangote Industries, a conglomerate headquartered in Lagos, Nigeria. According to Bloomberg, the 66-year-old billionaire derived the majority of his fortune from his 86 per cent stake in publicly traded Dangote Cement.

His influence extends to sectors such as sugar, salt, fertiliser, packaged foods, and the recently commissioned $20 billion petroleum refinery, now Africa’s largest.

Source: Business Insider