South Africa’s Johann Rupert has displaced the President of the Dangote Group, Aliko Dangote, to change into the richest man in Africa.
Dangote, who had maintained the highest place for a number of years, noticed his wealth drop by $1.7 billion year-to-date within the newest Bloomberg Billionaires Index, on Wednesday as Rupert’s wealth elevated by $1.87bn year-to-date.
The Bloomberg Billionaires Index is a every day rating of the world’s richest individuals.
The 74-year-old South African controls the world’s largest luxurious watchmaker, Cie Financiere Richemont, via a household belief. The Bellevue, Switzerland-based firm’s manufacturers embrace Jaeger-LeCoultre and Cartier.
His different holdings embrace Remgro, a Stellenbosch, South Africa-based funding car with stakes in additional than 30 firms.
Nonetheless, for Dangote, the vast majority of his fortune is derived from his 86% stake in publicly traded Dangote Cement.
He holds the shares within the firm straight and thru his conglomerate, Dangote Industries.
Dangote’s different publicly-traded belongings embrace stakes in Dangote Sugar, Nascon Allied Industries and United Financial institution for Africa.
His investments vary from meals manufacturing to fertiliser, oil and different industries.
He additionally owns the Dangote Refinery — a 650,000 barrels per day built-in refinery primarily based in Lagos State.
Different African billionaires within the high 5 embrace Nicky Oppenheimer (South Africa) within the third place with $11.3bn internet price; Nassef Sawiris (Egypt) with $9.37bn, and Natie Kirsh (South Africa) with $9.14bn.
In response to the Bloomberg Billionaires Index, the highest 10 richest males on the planet are:
- Elon Musk (United States) — $236bn
- Bernard Arnault (France) — $198bn
- Jeff Bezos (United States) — $197bn
- Mark Zuckerberg (United States) — $185bn
- Invoice Gates (United States) — $160bn
- Larry Ellison (United States) — $153bn
- Larry Web page (United States) — $149bn
- Warren Buffett (United States) — $145bn
- Steve Ballmer (United States) — $144bn
- Sergey Brin (United States) — $140bn