The lastest Forbes African richest man ranking have seen a significant break from an almost 9 years domination by Nigerian Billionaire Aliko Dangote come to an end.
In the list released by famous magazine forbes, Mr. Aliko Dangote reign was halted by the emergence of South Africa business mogul Mr. Rupert.
Rupert is the chairman of Swiss-based luxury goods company Richemont and South African company Remgro, Richemont’s brands include Cartier, Van Cleef & Arpels, and Piaget. Rupert was born into wealth – the family fortune started with his father Anton, who dropped out of medical school because he couldn’t afford the tuition, and with 10 pounds he and two investors started making cigarettes in his garage.
This small enterprise grew into the tobacco and industrial conglomerate Rembrandt Group. However, Johann didn’t want it to be taken for granted that he would step in and run the company his father started, so he set out to make his fortune on his own terms. So while Rupert did inherit quite a fortune, for all intents and purposes, he is a self-made billionaire too, because his fortune was earned in a very separate way from his father’s, by diversifying and changing the focus of the family business. The companies have seen a tremendous growth over the years into a Billion dollars conglomerate.
Mr. Aliko Dangote current networth is at $7Billion USD. While Mr. Rupert networth is valued at $7.3 Billion USD.
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