Aliko Dangote is no longer the richest man in Africa

Aliko Dangote is no longer the richest man in Africa

Nigerian billionaire Aliko Dangote has been dethroned as Africa’s richest man, the first place being occupied by a South African billionaire, according to Bloomberg Billionaires Index.

South African billionaire Johann Rupert has overtaken Aliko Dangote as Africa’s richest person. The Nigerian’s fortune has fallen by $1.7bn (£1.3bn) this year, giving him a net worth of $13.4bn, Bloomberg reports.

Mr Rupert controls Richemont, one of the world’s largest luxury goods firms, which owns brands like Cartier and Montblanc.

His net worth has surged by $1.9bn to $14.3bn, placing him at 147th position globally, 12 places ahead of Mr Dangote.

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