South Africa’s luxury goods tycoon Johann Rupert and his family have taken the crown as Africa’s top billionaire after Nigeria’s Aliko Dangote lost the prime spot.
According to the latest Forbes billionaire ranking, Mr Rupert and his family are currently the 201st wealthiest in the world, while Mr Dangote is the 219th.
The valuation of the wealth of Mr Dangote, who held the first place on the African billionaire ranking for more than 12 years, came under pressure after a major devaluation of the naira by roughly 40 per cent last June and the free fall that followed left his wealth much weaker in dollar terms.
