{"id":1958,"date":"2024-08-27T14:34:19","date_gmt":"2024-08-27T14:34:19","guid":{"rendered":"https:\/\/panoramanews.com.ng\/?p=1958"},"modified":"2024-08-27T14:34:19","modified_gmt":"2024-08-27T14:34:19","slug":"dangote-loses-africas-richest-man-title-to-south-african-billionaire-johan-rupert","status":"publish","type":"post","link":"https:\/\/panoramanews.com.ng\/index.php\/2024\/08\/27\/dangote-loses-africas-richest-man-title-to-south-african-billionaire-johan-rupert\/","title":{"rendered":"Dangote loses Africa&#8217;s Richest Man title to South African billionaire, Johan Rupert"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1959\" src=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2024\/08\/Screenshot_20240827-151602-300x160.jpg\" alt=\"\" width=\"300\" height=\"160\" srcset=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2024\/08\/Screenshot_20240827-151602-300x160.jpg 300w, https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2024\/08\/Screenshot_20240827-151602.jpg 680w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Rupert<\/p>\n<p>By Publisher<\/p>\n<p>Kindly share:<\/p>\n<p><span style=\"font-weight: 400;\">Johan Rupert, the South African billionaire and chairman of Richemont, the luxury goods conglomerate, has dethroned Nigerian Dangote Aliko and reclaimed his Africa\u2019s richest man title.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dangote&#8217;s slide to the second spot followed the decline of the networth of the Dangote Group, by over $1 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the latest data from the Bloomberg Billionaires Index, Dangote\u2019s networth now stands at $13.4 billion, which is less than Rupert&#8217;s $14.3 billion networth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Rupert has gained $1.87 billion, Dangote has lost approximately $1.69 billion, year-to-date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dangote\u2019s losses are largely attributable to Nigeria\u2019s challenging macroeconomic environment, where his conglomerate primarily operates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1960\" src=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2024\/08\/OIP-19-300x224.jpeg\" alt=\"\" width=\"300\" height=\"224\" srcset=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2024\/08\/OIP-19-300x224.jpeg 300w, https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2024\/08\/OIP-19.jpeg 332w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Dangote<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Dangote Group, which has faced setbacks at its refinery due to production delays and other industrial issues, has been further impacted by the Nigerian naira\u2019s steep depreciation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Two weeks ago, Bloomberg ranked Dangote as the 145th richest person globally, but he has since dropped to the 160th position.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rupert By Publisher Kindly share: Johan Rupert, the South African billionaire and chairman of Richemont, the luxury goods conglomerate, has&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[574,127,576,575],"class_list":["post-1958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-africas-richest-man","tag-aliko-dangote","tag-bloomberg","tag-johan-rupert"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dangote loses Africa&#039;s Richest Man title to South African 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