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Dangote drops to second as South African Johann Rupert becomes the richest man in Africa

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Johann Rupert, a South African billionaire, has surpassed Aliko Dangote, a Nigerian billionaire, to become the wealthiest person in Africa.

According to Bloomberg, Rupert’s wealth has increased to $13.65 billion, ranking him as the 154th richest person globally.

As of Friday, August 2, 2024, Dangote’s net worth was $13.6 billion, which is $50 million less than Rupert’s.

Dangote is currently ranked as the 156th richest person in the world on the latest Bloomberg list.

The source of wealth for both Dangote and Rupert has seen different changes since the beginning of 2024.

From January to August, Rupert’s wealth has grown by $1.21 billion, while Dangote’s wealth has decreased significantly due to the devaluation of the naira.

Billionaire.Africa reported that Dangote has lost over $10 billion in the last six months.

Dangote’s wealth is mainly derived from his 86% stake in Dangote Cement, which is publicly traded. Therefore, his wealth is heavily influenced by the performance of the Nigerian economy and currency.

On the other hand, Rupert’s wealth primarily comes from Cie Financière Richemont, the world’s largest luxury watchmaker and a publicly traded company specializing in luxury goods.

Here are the top 10 richest men in the world

Elon Musk: $241bn

Jeff Bezos: $207bn

Bernard Arnault: $182bn

Mark Zuckerberg: $177bn

Bill Gates: $157bn

Larry Page: $153bn

Larry Ellison: $152bn

Steve Ballmer: $145bn

Sergey Brin: $144bn

Warren Buffett: $136bn

Last Updated on August 3, 2024 by News Time

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Man loses N33m meant for studies to sports betting, seeks financial help

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Dismas Mutai, a Kenyan from Eldoret, devastated after losing KSh 2.8 million (N33 million) meant for his studies abroad to online betting on Aviator.

Mutai, who secured a scholarship for a Master’s program at Anglia Ruskin University in London, admitted that the loss has greatly affected his mental well-being.

Mutai took to social media, pleading for help from well-wishers, including politicians, while acknowledging his gambling addiction and apologizing to his family and community. Despite the setback, he remains hopeful for a second chance to pursue his dreams.

“I’m not okay; I will no longer pretend to be okay. I have fallen into a disastrous trap, one I never anticipated in my life. Depression is slowly taking me to the grave.

“You must have noticed an unusual change in my behaviour. Aviator took away over KSh 2.8 million of people’s money,”

“To my mum and the entire family, forgive me. I understand the trust you had in me. I have weaknesses like any other human being, and this has become my greatest weakness.

 

Last Updated on April 3, 2025 by News Time

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Oyedepo Warns Nigerian Youths: ‘Don’t Tempt God’ with Travel Abroad

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David Olaniyi Oyedepo, the presiding bishop of the Living Faith Church, has highlighted the significance of divine guidance for the youth of Nigeria.

He advised them to refrain from making impulsive decisions to leave the country without first seeking God’s direction. Oyedepo stressed the necessity of depending on divine leadership to attain success and prominence, warning against the risks of testing God through personal ambitions.

This communication was presented during the impartation service at the church’s Annual Youths Alive Convention (AYAC2024) on Saturday, August 17, as reported by Vanguard.

The distinguished religious leader emphasized the difficulties of navigating a chaotic era, urging young individuals to seek moments of solitude to genuinely discern God’s voice.

“Do not hastily make decisions and seek God’s approval. Avoid testing God. Instead, inquire about His plan, for His plan is inherently blessed.

“It is essential to cultivate a spirit of quietness and humility to perceive God’s communication. One must be attuned to the spirit to recognize its voice, and one must possess spiritual awareness to fully embrace that voice.”

Last Updated on August 22, 2024 by News Time

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Dr. Abel Damina Denies Jealousy, Calls Pastor Jerry Eze’s Miracles ‘Fake

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Dr. Abel Damina, a prominent clergyman, has stated that he does not feel any jealousy towards Pastor Jerry Eze. He questioned the accuracy of the statement, “What God cannot do does not exist,” asserting that it is false.

This revelation was made during a recent episode of the Honest Bunch podcast, which included hosts Nedu Wazobia, Husband Material, and others.

He remarked, “The phrase ‘What God Cannot Do Doesn’t Exist’ is not the truth… Some may believe I am envious of Jerry Eze, but he is significantly my junior in the ministry.

Additionally, he expressed skepticism regarding many of the miracles currently being showcased, while still affirming his belief in the existence of genuine miracles.

I believe in miracles, I believe in healings, but not all these staged miracles we are witnessing today,” stated Abel Damina.

The podcast co-host, Nedu, posed the question: “Are you suggesting that the miracles are fabricated?”

Damina replied: “Is it not evident that the majority of those crutches are identical in color and all appear to be brand new? In what scenario would individuals attend a crusade and possess the same type and color of crutches?”

Responses have ensued:

@ugo_shib commented: “People assume I harbor jealousy towards Jerry Eze. I assert that it is you who are envious of him.”

@E_Mbuyazi stated: “That statement holds true for the God of Christianity and for any other faith I am aware of. Everything that exists—both good and bad—is attributed to ‘God’s’ influence.”

@sire_sommy remarked: “Regardless of the veracity of Dr. Abel Damina’s statements, I have one inquiry: when did ministers of God begin accepting invitations to podcasts?”

Last Updated on August 22, 2024 by News Time

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