- Johann Rupert, a billionaire from South Africa, was named “Africa’s richest man” by Forbes Magazine on Friday, June 16. He replaced Nigeria’s Aliko Dangote, who had held the distinction for the previous ten years in a row. Rupert’s net worth was estimated by Forbes to be $12 billion, while Dangote’s was estimated to be $10.8 billion.
- For the first time in over a decade, Dangote lost on being crowned as the richest person in Africa mainly due to the central bank of Nigeria’s decision to sell the dollar at a lower rate than the official market price.
- According to Forbes, their list tracks the wealth of African billionaires who reside in Africa or have their primary business there.
- The new richest African Johan Rupert has luxury goods as his main source of wealth. He is the chairman of Swiss luxury goods company Compagnie Financiere Richemont owners of top brands Montblanc and Cartier.
- Johan is a philanthropist and an ardent golf enthusiast. He setup the Laureus Sports for good foundation to help tackle social issues through sports in 1990.
