Home Business and Economy Money MONEY Dangote Tightens Grip on Africa’s Richest Man Title as Net Worth Rises to Over N11 Billion Updated Monday, August 28, 2023 at 6:43 AM by Dave Ibemere, Aliko Dangote has fully taken back his title as Africa's richest man after losing it to South African billionaire Johann Rupert Dangote net worth is now above N11 billion after struggles since the Central Bank of Nigeria's devaluation Other Nigerian billionaires, Abdulsamad Rabiu and Mike Adenuga's wealth have also shown improvement. Nigerian billionaire Aliko Dangote has cemented his status as the wealthiest man on the African continent. According to Forbes, the industrialist's net worth has soared to an impressive $11.2 billion as of Sunday, August 27, 2023. This represents an 8.73% or $900 million increase in net worth compared to the $10.3 billion he started August with. Aliko Dangote's net worth rises above $11 billion. Photo Credit: Wei Leng Tay/Bloomberg Source: UGC Forbes billionaire ranking The latest net worth of Dangote has widened the gap with his closest rival, South African billionaire Rupert.Dangote sends message to Nigerians on recruitment drive According to Forbes, Rupert has a net worth of $10.2 billion as of Sunday, August 27, which is $1 billion less than Dangote's current net worth. At the start of August, Rupert was reported by Forbes to be worth $11.8 billion. In the last 23 days, Rupert has lost over $1.1 billion. Dangote's net worth rises Dangote wealth increase is thanks to the strong performance of his publicly traded companies on the Nigerian exchange, especially his cement companies in the last week.