Nigeria’s industrialist, Alhaji Aliko Dangote has been knocked off his throne as Africa’s Richest Man by South African business mogul Johann Rupert according to a recent list released by Forbes Magazine.
Dangote lost his position after suffering a decrease in his wealth from $13.5 billion in 2023 to $9.5bn at the beginning of 2024.
Similarly, Nigerian billionaires Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine though the duo still remain in the top ten.
