Dangote No Longer Africa’s Richest Man As Devaluation Forces Forbes To Reshuffle Africa’s Wealthiest List
Dangote No Longer Africa’s Richest Man As Devaluation Forces Forbes To Reshuffle Africa’s Wealthiest List Aliko Dangote, the visionary founder and chairman of Dangote Industries Limited, a leading conglomerate in Africa, has lost his long-held title as Africa’s richest man. Forbes, the prestigious business magazine, recently published an updated list of the world’s wealthiest billionaires, revealing that Dangote’s fortune plummeted by a staggering $3.4 billion in a single day due to the recent devaluation of the Nigerian naira against the U.S. dollar. This sharp drop has pushed him down from his long-standing spot atop Forbes’ list, making way for South African billionaire Johann Rupert, who now claims the throne with an impressive fortune of $12 billion. For years, Dangote held the title of Africa’s richest man, a position he has held since 2013. His financial achievements reached an unprecedented milestone in 2014 when his wealth surpasse...