BREAKING: Dangote Dethroned As Africa's Richest Man

 Nigerian billionaire businessman, Aliko Dangote has lost his position of Africa’s richest man to South Africa's Johann Rupert.

According to Forbes Real-time Billionaire ranking, Rupert’s net worth is currently valued at $12 billion, with Dangote having a net worth of $10.8 billion as of Friday.

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The net worth of Dangote was said to have dropped as a result of the recent operational charges on the foreign exchange market carried out by the Central Bank of Nigeria, that culminated into the depreciation of the Naira against the US dollar.

 Forbes and Bloomberg also recalculated the fortunes of all Nigerian billionaires, and discovered a significant drop in the wealth of Dangote, Abdul Samad Rabiu, the founder of BUA cement, and Mike Adenuga, the Chairman of telecommunications giant Globacom Limited.