{"id":98177,"date":"2024-08-29T23:23:40","date_gmt":"2024-08-29T21:23:40","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man"},"modified":"2024-08-30T01:31:13","modified_gmt":"2024-08-29T23:31:13","slug":"sa-billionaire-overtakes-dangote-as-africas-richest-man","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man","title":{"rendered":"SA billionaire overtakes Dangote as Africa\u2019s richest man"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>(BBC) South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa\u2019s richest person, according to the latest data from the Bloomberg Billionaires Index.<\/p>\n

Mr Rupert controls Richemont, one of the world\u2019s largest luxury goods firms, which owns brands like Cartier and Montblanc.<\/p>\n

His net worth has surged by $1.9bn to $14.3bn, placing him at 147th position globally, 12 places ahead of Mr Dangote.<\/p>\n

The Nigerian\u2019s fortune has fallen by $1.7bn (\u00a31.3bn) this year, giving him a net worth of $13.4bn, Bloomberg reports.<\/p>\n

The downturn in Mr Dangote\u2019s wealth underscores Nigeria\u2019s challenging economic environment, where his conglomerate primarily operates.<\/p>\n

Since President Bola Tinubu assumed office last year, he has introduced several economic reforms in Africa\u2019s most populous nation, including the removal of fuel subsidies, which have contributed to high inflation, currently over 30%.<\/p>\n

Mr Tinubu said the reforms were necessary to cut government spending and stimulate long-term growth.<\/p>\n

The sharp fall in the value of the naira has significantly affected Mr Dangote, whose wealth is largely tied to assets denominated in the local currency.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. (BBC) South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa\u2019s richest person, according to the latest data from the Bloomberg Billionaires Index. Mr Rupert controls Richemont, one of the world\u2019s largest luxury goods firms, which owns brands like Cartier and Montblanc. His net worth has surged by $1.9bn […]<\/p>\n","protected":false},"author":84,"featured_media":98176,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":["post-98177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-zimbabwe"],"yoast_head":"\nSA billionaire overtakes Dangote as Africa\u2019s richest man - zimbabwe<\/title>\n<meta name=\"description\" content=\"(BBC) South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa\u2019s richest per ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA billionaire overtakes Dangote as Africa\u2019s richest man\" \/>\n<meta property=\"og:description\" content=\"(BBC) South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa\u2019s richest per ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-29T21:23:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-29T23:31:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/08\/sm_1724961649.626493.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SA billionaire overtakes Dangote as Africa\u2019s richest man\",\"datePublished\":\"2024-08-29T21:23:40+00:00\",\"dateModified\":\"2024-08-29T23:31:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man\"},\"wordCount\":201,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/08\/sm_1724961649.626493.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/sa-billionaire-overtakes-dangote-as-africas-richest-man\",\"name\":\"SA billionaire overtakes Dangote as Africa\u2019s richest man - 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