NewStats: 3,262,501 , 8,177,322 topics. Date: Monday, 02 June 2025 at 01:33 PM 5g3f30

Nigeria’s Aliko Dangote regains Africa’s richest title from Johan Rupert

Aliko Dangote, the Nigerian industrial magnate and chairman of the Dangote Group, has regained his title as Africa’s richest man, overtaking South African billionaire Johan Rupert. 

According to the latest Forbes data, Dangote’s wealth currently stands at $11.7 billion, narrowly suring Rupert’s net worth, which has declined to $10.8 billion.

This shift marks the restoration of Dangote’s 12-year reign as the continent’s wealthiest individual, a title he briefly lost to Rupert in August 2024.

The Bloomberg Billionaires Index also corroborates this trend, placing Dangote’s fortune at $13.3 billion, marginally ahead of Rupert’s $13.2 billion.

This slight difference, though not as significant as earlier valuations, reaffirms Dangote’s lead. Just two weeks ago, the gap between the two tycoons’ net worth was reported to be approximately $1 billion, with Rupert momentarily holding the top spot. 

Rupert, the founder and chairman of the Swiss luxury goods company Richemont, which owns brands such as Cartier and Montblanc, experienced a decline in his wealth following fluctuations in luxury market demand and currency pressures.

Meanwhile, Dangote’s financial standing has remained relatively stable, allowing him to reclaim his position as Africa’s wealthiest figure.

Dangote’s Ambitious Growth Strategy

Aliko Dangote, renowned for his business acumen, has not rested on his laurels. The Dangote Group, one of Africa’s largest conglomerates with interests spanning cement, sugar, salt, and oil refining, has set its sights on further growth. 

In a recent presentation during a media tour of the Dangote Refinery, the billionaire outlined plans to increase the group’s revenues to an ambitious $30 billion by 2025. 

Central to this strategy is a significant shift in the group’s foreign exchange (FX) operations.

Dangote aims for the conglomerate to become Africa’s largest provider of foreign exchange, with the goal of reducing dependence on the Central Bank of Nigeria (CBN) for FX sourcing.

This move would not only bolster the group’s resilience but also enhance its competitiveness on the global stage.

Dangote further revealed plans to dramatically reduce the group’s reliance on the Nigerian cement market, which currently s for 75% of its business, down to 15%. Additionally, he projected a diversification of revenue sources, with 50% of EBITDA expected to come from foreign markets. 

He also emphasized that 90% of the group’s future revenue would be generated in hard currency, underlining its focus on international expansion and export-driven growth.

What to know

• For the Dangote Group, the highly anticipated Dangote Refinery was announced make its first shipment of Motor Spirit (PMS), commonly known as petrol on Tuesday, September 3, marking a critical moment in Nigeria’s energy sector, as the refinery, with a capacity of 650,000 barrels per day, enters commercial production.

• Having successfully completed its testing phase, the refinery is expected to play a key role in reducing Nigeria’s dependence on imported petroleum products.

• The completion and operationalization of the refinery have drawn praise from several high-profile figures, including Nigerian billionaire and oil magnate, Femi Otedola.

• The project is seen as a game changer for both the Dangote Group and Nigeria, potentially transforming the nation’s oil industry and positioning it as a net exporter of refined petroleum products.

https://nairametrics.com/2024/09/07/nigerias-aliko-dangote-regains-africas-richest-title-from-johan-rupert/

It's like ping pong.

February 2022

Dangote's Status As Africa's Richest Man Under Threat
https://nairaland.unblockandhide.com/6994544/dangotes-status-africas-richest-man

June 2023

South Africa’s Johann Rupert Overtakes Aliko Dangote As Africa’s Richest Man
https://nairaland.unblockandhide.com/7734013/south-africas-johann-rupert-overtakes

January 2024

Johann Rupert Overtakes Dangote As Africa’s Richest Person
https://nairaland.unblockandhide.com/7958382/johann-rupert-overtakes-dangote-africas

August 2024

SA Billionaire Overtakes Dangote As Africa’s Richest Man
https://nairaland.unblockandhide.com/8198226/sa-billionaire-overtakes-dangote-africas

SmartyPants:



Have you noticed that these swings are only reported by Nigerian blogs? That is because they employ olodos who don't understand how the wealth computation is done.

forbes releases a wealthy list once a year in January every year, based on aggregated data throughout the previous year, and not the value of the individuals' wealth at the time of the report.

This is because, wealth by the nature of financial and other assets, fluctuates in a volatile manner.

🤣 Forbes even has a real time billionaires list!

https://www.forbes.com/real-time-billionaires/#6aa1e2603d78

This is Forbes list for January.

https://www.forbesafrica.com/billionaires/2024/01/02/the-top-10-richest-people-in-the-world-january-2024/

This is the Forbes list for July 2024

https://www.forbesafrica.com/billionaires/2024/07/02/the-top-10-richest-people-in-the-world-july-2024/

This is Forbes list for September

https://www.forbes.com/sites/forbeswealthteam/article/the-top-ten-richest-people-in-the-world/


This is the Bloomberg Billionaire's Index. It is a daily ranking of the 500 richest people in the world.

https://www.bloomberg.com/billionaires/

4

Congratulations to Dangote for regaining Africa's richest title... Not an easy task when you come from the world's capital of extreme poverty.


Congratulations, Alhaji.

Congratulations to him.

It was just a matter of time.....😎😎😎

As always

Nice

Good one

naptu2:


https://nairametrics.com/2024/09/07/nigerias-aliko-dangote-regains-africas-richest-title-from-johan-rupert/

Congratulations Dangote.
But try to pick your calls.

Of that refinery becomes fully functional and allowed to work his networth will almost double

His real networth would be around 20bn dollars

The same African continent remain in a shallow, simply because of human greedy that occupy black African citizen

naptu2:
It's like ping pong.

February 2022

Dangote's Status As Africa's Richest Man Under Threat
https://nairaland.unblockandhide.com/6994544/dangotes-status-africas-richest-man

June 2023

South Africa’s Johann Rupert Overtakes Aliko Dangote As Africa’s Richest Man
https://nairaland.unblockandhide.com/7734013/south-africas-johann-rupert-overtakes

January 2024

Johann Rupert Overtakes Dangote As Africa’s Richest Person
https://nairaland.unblockandhide.com/7958382/johann-rupert-overtakes-dangote-africas

August 2024

SA Billionaire Overtakes Dangote As Africa’s Richest Man
https://nairaland.unblockandhide.com/8198226/sa-billionaire-overtakes-dangote-africas

Have you noticed that these swings are only reported by Nigerian blogs? That is because they employ olodos who don't understand how the wealth computation is done.

forbes releases a wealthy list once a year in January every year, based on aggregated data throughout the previous year, and not the value of the individuals' wealth at the time of the report.

This is because, wealth by the nature of financial and other assets, fluctuates in a volatile manner.

How come those doing money ritual have never overtaken any of these businessmen as the richest person in the world?
Even footballers, they're yet to overtake.
That means money ritual na scam.

I wish say this man na my papa

E go reach everybody ai

Soon Deji Tinumbu will take over. Watch this space.

I knew it was a temporary overtake

Zhike

Peejayz:
.Abeg someone should help me with 500 naira , make I find something chop.... Omoh, hunger no be good experience..., may you not experience what I'm ing through....

My acct details dey my signature, just trying to avoid been suspended by the mods

Freestuffng, Helinues, Mannagrill, Yarimo, etc....come and share your stipend.

Dangote no go reclaim am ke? Person wey get largest single train refinery in the world. Dey play o! 😂😂

The failure of the political class has made Dangote a force to be reckoned with. When successive governments couldn't build a single working refinery for decades and one man built it in less than a decade, it really shows the kind of FAILURES occupying government seats. All the Obasanjos, Jonathans, Buharis (APC/PDP) and the previous military governments FAILED Nigeria!

He has be thee richest man so Rupert or Raptue can kiss my
a s s. Anything South Africa disgusting me with ion.

Good for him.

But what's the benefit of this title to the rest of us? Bragging right?

Crash cement and fuel price, then we can begin to talk.

Congrats

..I want to ask this simple question.

What is the benefit of dangote refinary to Nigerians?

Fuel increased to about 500naira since his refinary came on board,

Instead of price to reduce

Good news, at least for the record.Atleast I won't be dumbfounded if I'm asked to name the richest man in Africa.

Ok

naptu2:


https://nairametrics.com/2024/09/07/nigerias-aliko-dangote-regains-africas-richest-title-from-johan-rupert/

Mey chonu who he help with that useless position?Africa richest my foot no positive impact to the society.

The rich keep getting richer. Na so life be

Dangote's fortune has just begun to increase.
It may possibly triple the current value within the next 3 years

I'll soon be on that list too