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Dangote Regains Top Spot on Forbes Africa’s Billionaire Ranking

Aliko Dangote is back to being the richest person in Africa after reclaiming the top position on the latest Forbes Real-Time Billionaires ranking. This news comes after South African business magnate, Johann Rupert, briefly took over the position from Dangote last week.

As of January 8, Dangote’s net worth increased to $10.1 billion, a $10 million improvement, while Rupert’s net worth was recorded at $10 billion, down from $10.7 billion as of January 30, 2023. Dangote is ranked 191st on the Forbes list, while Rupert sits at 197th place worldwide.

Aliko Dangote is the founder and head of Dangote Group, one of the largest conglomerates in Africa with interests in cement manufacturing, sugar refining, and other industries. He is also known for his philanthropy and support of education and healthcare initiatives across the continent.

Dangote first became Nigeria’s first billionaire in 2007 and has since solidified his status as one of Africa’s most successful and influential business leaders. In 2013, he reportedly added $9.2 billion to his personal wealth, making him the 30th-richest person in the world at the time and the richest person in Africa.

In 2015, it was revealed in the HSBC leaks that Dangote was a client of HSBC and had assets in a tax haven in the British Virgin Islands. Despite this, he has continued to grow his wealth and strengthen his position as Africa’s top billionaire.

As of June 2022, Dangote is estimated to have a net worth of US$20 billion, making him the wealthiest individual in Africa by a significant margin. His influence extends beyond his business ventures, as he is also involved in various social and developmental projects that aim to improve the lives of people across the continent.

Dangote’s return to the top position on Forbes Africa’s list of billionaires further cements his status as a key figure in African business and economics. His success serves as an inspiration to aspiring entrepreneurs and investors, and his commitment to giving back to the community underscores his dedication to making a positive impact on the continent.

Vanguard News

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