South African Johann Rupert has displaced Nigerian billionaire businessman Aliko Dangote to become Africa’s richest man, Forbes Magazine said.
Alright guys, it’s time to talk about the big man on the continent – Johann Rupert. Now, for those of you who may not know, Mr. Rupert is currently the wealthiest man in Africa with a net worth of over $12 billion. Yes, you heard that right, BILLION.
So, who exactly is Johann Rupert, you may ask? Well, my friends, let me give you the rundown. This man is a South African business magnate, best known for his founding of the luxury goods conglomerate, Richemont. I mean, we’re talking about brands like Cartier, Montblanc, and Dunhill – just to name a few. This guy is in the big leagues when it comes to high-end products.
But what sets Johann Rupert apart from other billionaires is his passion for the game of golf. This man is a true aficionado of the sport, and has even created a few golf courses of his own. He’s not just a businessman, folks, he’s also a lover of green (pun definitely intended).
Johann Rupert may be a man of luxury, but he’s also someone who is dedicated to philanthropy. He’s the chairman of the Swiss-based non-profit organization The Mentor Foundation, which helps prevent drug abuse among young people around the world. Plus, he’s also donated millions of dollars towards education and healthcare initiatives in South Africa.
So, in conclusion, Johann Rupert is a true force in the business world, a lover of golf, and a philanthropist. We can all learn a thing or two from this man’s success. And who knows, with a little bit of hard work and dedication, maybe one day we’ll all be billionaires too. But until then, let’s just marvel at the majesty of Johann Rupert, the richest man in Africa.
Dangote is probably not a happy bunny
Rupert’s net worth is currently $12 billion according to Forbes Real-time Global Billionaires Ranking, while Dangote trails behind him with a net worth of $10.8 billion as of Friday.
Dangote’s net worth dropped due to the recent operational charges on the foreign exchange market carried out by the Central Bank of Nigeria, which led to the depreciation of the Naira against the US dollar.
Consequently, Forbes and Bloomberg had to recalculate the fortunes of all Nigerian billionaires leading to the significant drop in the wealth of Dangote, Abdul Samad Rabiu, the founder of BUA cement, and Mike Adenuga, the Chairman of telecommunications giant Globacom Limited.
Meanwhile, with the expected kickoff of the $20 billion Dangote refinery commissioned last Month, Aliko Dangote is expected to bounce back.
Source Torizone
Mr. Rupert is currently the wealthiest man in Africa with a net worth of over $12 billion
