Johann Rupert and family of South Africa are now worth $13.3 billion, while Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris are also worth $9.0 billion, $7.47 billion, $7.37 billion, and $5.93 billion, respectively, in the latest top 500 world billionaires list for the year 2023. There are just five other Africans on the list.
The Bloomberg Billionaires Index ranks the world's wealthiest persons daily. Bloomberg News works to reflect the most transparent calculations possible when determining net worth, and each billionaire profile includes a full examination of how that person's money is calculated.
The index is a dynamic measure of personal wealth based on market, economic, and Bloomberg reporting changes. Every business day following the conclusion of trade in New York, each net worth number is updated. Stakes in publicly listed corporations are evaluated using the most recent closing price of the share. The values are converted to US dollars using current exchange rates.
Ellon Musk and Bernard Arnault are the world's richest people, with $219 billion and $194 billion in their reserve, respectively, while Jeff Bezos and Bill Gates are second and third, with $151 billion and $130 billion. On the list of the world's billionaires, Larry Ellison ranked fifth with $130 billion.
With a net worth of $15.6 billion, Africa's richest man owns Dangote Industries. Dangote Cement is Sub-Saharan Africa's largest cement maker. His company is also involved in sugar, salt, fertilizers, and packaged goods. Dangote has just completed the $19 billion petroleum refinery complex, making it Africa's largest refinery.
Read more: https://www.investingport.com/dangote-becomes-richest-man-in-africa-with-156-bloomberg/