Billionaires list: Dangote’s net worth rises to $19.2bn

Dangote, the only Nigerian on the list, ranked 102nd on the global billionaires’ index as of November 8, 2021, up from 118th in August 2021.

 

Dangote’s net worth also increased from $17.8bn in August 2021 to $19.8 billion in November 2021.

 

In October, Elon Musk’s net worth surpassed $300 billion, making him the first person on the planet to reach that milestone.

 

Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2 billion from $17.8 billion in August.

 

Dangote, the only Nigerian on the list, ranked 102nd on the global billionaires’ index as of November 8, 2021, up from 118th in August, 2021.

 

Other Africans on the world’s 500 wealthiest people list include Johann Rupert and family (South Africa), Natie Kirsh (South Africa), Nicky Oppenheimer (South Africa), and Nassef Sawiris (Egypt).

 

Globally, Elon Musk became the wealthiest person in the world at the end of September as his earnings grew rapidly and steadily.

 

In October, his wealth skyrocketed to $289 billion following the purchase of car rental company Hertz. Since then, his net worth has been estimated at $336 billion, causing some specialists to affirm that Elon Musk is ‘the richest person who has walked the planet’.

 

Here are the five Africans on the Bloomberg Billionaires Index as of November 8, 2021.

 

1) Aliko Dangote (Nigeria) – $19.2bn

 

Ranked #102, Aliko Dangote is Africa’s richest person and controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of 891.7 billion Naira ($2.5 billion) in 2019. It also has interests in sugar, salt, oil, fertiliser and packaged food.

 

2) Johann Rupert & family (South Africa) – $10.6bn

 

South African business mogul Johann Rupert oversees an elite portfolio of luxury brands that includes fashion labels Azzedine Alaïa, Chloé, and Dunhill, alongside established jewellery and watch brands such as Van Cleef & Arpels, Vacheron Constantin and Cartier

 

Ranked #234 on the list, Rupert controls the world’s largest luxury watchmaker, Cie. Financiere Richemont, through a family trust. The Bellevue, Switzerland-based company’s brands include Jaeger-LeCoultre and Cartier. His other holdings include Remgro, a Stellenbosch, South Africa-based investment vehicle with stakes in more than 30 companies.

 

3) Natie Kirsh (South Africa) – $8.27bn

 

Natie Kirsh, South African-born Swazi billionaire businessman

 

Ranked #328 on the list, Kirsh began his fortune with 1,200-pound inheritance from his father. Today, Kirsh controls Kirsh Group, a closely held conglomerate with a majority stake in the food supply business Jetro Holdings. The College Point, New York-based business has Jetro Cash & Carry and Restaurant Depot stores across more than 30 states in the U.S. He also has private equity investments and property on four continents.

 

4) Nicky Oppenheimer (South Africa) – $8.05bn

 

Nicky Oppenheimer

 

Ranked #346 on the list, Nicky Oppenheimer is South Africa’s second-richest person with a net worth of $8.05billion. In 2012, Oppenheimer sold his family’s 40% stake in De Beers, the world’s biggest diamond producer, to mining company Anglo American for $5.2 billion in cash. He maintains private equity investments in Africa, Asia, the U.S. and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital.

 

5) Nassef Sawiris (Egypt) – $7.06bn

 

Nassef Sawiris, an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons.

 

Ranked #409 on the list is Egypt’s richest person, Nassef Sawiris, who owns 30% of OCI, a Geleen, Netherlands-based fertiliser producer formed out of a demerger from his family’s original business, Orascom Construction.

 

His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world’s biggest cement maker.