Johann Rupert and Aliko Dangote, two of Africa's richest men, spent the month of August going back and forth. In the 31 days that made up August, the title of Africa's richest man changed hands 3 times, and it would seem the game of cat and mouse is set to continue. Currently both men have the same net worth, as Johann Rupert, experienced a significant decline in his net worth.
As it stands South Africa's Johann Rupert is Africa's richest man but barely. In August he ousted Nigeria's Aliko Dangote twice to become the continent's richest man.
Johanna Rupert and Dangote currently have the same net worth of $13.3 billion, with Johann being ranked the 159th richest person and Dangote filling the 161st spot.
Dangote's last change in valuation came in at -$31.0M, while his year-to-date (YTD) change is -$1.82B billion. For Joahnna Rupert, his last change in valuation is -$114M, while his year-to-date (YTD) change stands at +$902M.
The YTD change is perhaps the reason why Bloomberg still ranks Johann higher than Dangote despite having the same net worth.
As recently as a few days back, Johann Rupert was firmly in the spot of Africa's richest man with a net worth almost a billion dollars more than Dangote.
But within the same time frame, Dangote's net worth has come to mirror Johann's, not because of Dangote's ascension but because of Johann's decline.
One month back and forth between Johann and Dangote
Late in August, Johann Rupert, with a net worth of $13.9 billion, a last change in valuation reading +$322 million and his year-to-date (YTD) at +$1.51 billion, was ranked the 1533rd richest person.
Dangote on the other hand boasted a net worth of $13.4 billion a last change in valuation of -$527 million and a year-to-date (YTD) -$1.71 billion, which put him at the 161st position on Bloomberg's Billionaire list.
Johann's net worth would eventually climb to $14.2 billion compared to Dangote's $13.4 billion. However, the South African billionaire for the last week has experienced a steady decline, eventually leading to a drop of almost $1 billion. Dangote on the other hand fell from $13.4 billion to now $13.3 billion.
Earlier in August, Johann's net worth had climbed from $13.4 to $13.6 billion, reaching the same level as Dangote, for the first time since January when he had a net worth of $10.3 billion to Dangote's $9.5 billion.
Later Dangote would regain his title as Africa's richest man, but it wouldn't last long.
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