It is no longer news that on Friday, June 16, Forbes Magazine declared South African billionaire, Johann Rupert, ”Africa’s richest man,” displacing Nigeria’s Aliko Dangote, who has held that title consecutively for 10 years. Forbes real-time Global Billionaires Ranking pegged Rupert’s net worth at $12 billion and Dangote’s at $10.8 billion. Dangote’s net worth took a massive dip due to the naira depreciation caused by the Central Bank of Nigeria’s decision to auction the dollar at a relatively lower rate than the official market price. The central bank sold the…
Read MoreMEET AFRICA’S NEW RICHEST MAN, JOHANN RUPERT
