Johann Rupert has surpassed Aliko Dangote, who trails behind with an incredible net worth of $10.8 billion, with a staggering $12 billion. The current instability in Nigeria's financial markets is to blame for the drop in rankings.
Dangote, along with others like Mike Adenuga, the Chairman of Globacom Limited, and Abdul Samad Rabiu, the
visionary creator of BUA Cement, suffered significant losses in their amassed wealth as a result.
Following the operating penalties imposed on the foreign exchange market by the Central Bank of Nigeria, Dangote's fortunes took a significant blow. The strong US dollar's subsequent depreciation took a toll on the wealth of Nigerian millionaires.
