Aliko Dangote is no longer the richest man in Africa, as South African billionaire, Johann Rupert, displaces him as number one on Africa’s richest list.
According to Forbes Billionaire Ranking seen on Sunday, Dangote’s net worth has dropped by 20.7% amid the naira devaluation implemented by the Central Bank of Nigeria (CBN).
Ripples Nigeria previously reported that CBN devalued the naira, which caused the value of the Nigerian currency to drop by 40.5% since the devaluation took place last week Wednesday.
