Dangote drops in Forbes ranking, loses N553 billion

 

Africa’s richest man, Aliko Dangote, stands on the brink of losing the title. On Thursday, Forbes downgraded his worth by more than 6 per cent. His rival, Johann Rupert, is $100 million away from displacing Dangote in the African category of the ranking.

Data from the global rating agency shows that Dangote’s net worth stands at $10.6 billion, losing $716 million, about N553.82 billion.

Although Dangote still maintains his position as the wealthiest man alive in Africa, he has fallen in the global billionaire rankings to 174th place.

Johann Rupert, a South African billionaire, is now in close contention to surpass Dangote again, boasting a net worth of $10.5 billion.

 

Dangote’s net worth movement
January- $13.4 billion
February- $13.6 billion
March- $12.8 billion
April-$12.9 billion
May- $11 billion
June-$10.1 billion
July- $10.9 billion
August- $10.6 billion

The other billionaires captured by Forbes include: Abdulsamad Rabiu Nigeria’s second richest individual is set to conclude the month of August with a net worth of $6.0 billion, despite experiencing a loss of $289 million in the final hours of the month of August. Presently, he holds the 445th position among the world’s richest person.

Mike Adenuga Adenuga, who is Nigeria’s third richest man, is ending the month with a net worth of $3.6 billion.