Johann Rupert Overtakes Dangote As African Richest Businessman

South African billionaire, Johann Rupert is likely to become the richest African person in 2023 as Forbes is set to release its list.

Johann Peter Rupert is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert and his wife Huberte.

He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro.

Johann Rupert became Nigerian Aliko Dangote’s closest rivalry on Wednesday after South African Stock Exchange increased.

As the South African Rupert’s net worth grew, Dangote lost about N8.73 billion ($21 million).

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Rupert heads a fashion and retail business named Compagnie Financiere Richemont, known for the brands, Cartier and Montblanc. Dangote on the other hand is the founder of a Cement and Sugar company.

According to a report, in 2012, Rupert was fourth on Africa’s richest list, with $5.1 billion to his name, while Dangote stood high at number one, with a net worth estimated at $11.2 billion in the same year.

“Within the last ten years, Rupert’s wealth has grown 105.8%, however, Dangote’s net worth has experienced a slow growth of $25.8%, when compared to the South African businessman, Ripples Nigeria calculation shows.

“Rupert’s gain in a decade has seen the billionaire take the second position behind Dangote, after adding $5.4 billion to his fortune, which is now placed at $10.5 billion by Forbes Billionaire Index.

“Dangote on his part, was only able to gain $2.9 billion to his wealth during the same timeframe, as the soon-to-be refinery owner is now worth $14.1 billion thanks to his cement and sugar businesses.”