Johann Rupert overtakes Aliko Dangote as Africa's richest man

South African Johann Rupert controls Richemont, one of the world's largest luxury goods firms.

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Mr Rupert controls Richemont, one of the world's largest luxury goods firms, which owns brands like Cartier and Montblanc.

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

The Nigerian's fortune has fallen by $1.7bn (£1.3bn) this year, giving him a net worth of $13.4bn, Bloomberg reports.

The downturn in Mr Dangote’s wealth underscores Nigeria’s challenging economic environment, where his conglomerate primarily operates.

https://www.bbc.com/news/articles/c9qgpx2ngvro

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