South African billionaire Johann Rupert is starting the new year as the richest man in Africa, ahead of Aliko Dangote.

According to Forbes, Rupert's net worth as of Tuesday, January 2, 2023, stood at $10.3 billion, higher than Dangote's $9.5 billion.

The current net worth of Nigeria's richest man is the lowest level he is starting a new year in the last ten years.

In the latest Forbes global ranking, Dangote is listed as the 230th richest man in the world, while Rupert holds the 192nd position.

Dangote has held the top spot on the Forbes list for 12 years, with the highest level in 2014 when his wealth surpassed the $20 billion mark.

Over the years, Dangote's wealth has declined from $25 billion in 2014 to the current level of $9.5 million, mainly due to the devaluation of Nigeria's currency.