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Latest Africa’s Richest Man Is A School Drop Out
It is no longer news that Forbes Magazine declared South African billionaire, Johann Rupert, “Africa’s richest man,” on Friday June 16, 2023.
With the feat, he displaced Nigeria’s Aliko Dangote, who has held that title for 10 years at a stretch.
Interestingly, Dangote could only surrender the title because a tweak in monetary policies at the Central Bank of Nigeria (CBN). When the CBN opted to auction the dollar at a relatively lower rate than the official market price, Dangote’s net worth took a dip.
It was gathered that the CBN sold the dollar almost 30 percent cheaper.
The declaration saw Forbes real-time Global Billionaires Ranking peg Rupert’s net worth at $12 billion, while Dangote’s stood at $10.8 billion.
Find below some salient facts that might interest you about reigning Africa’s richest man.
1. He was born into wealth, being the first child of business tycoon Anton Rupert and his wife, Hurberte. He arrived the earth on June 1, 1950, in Stellenbosch, South Africa.
2. The 73-year old, dropped out of the University of Stellenbosch, where he was studying Economics and Company Law in quest of a career in business.
3. Interestingly, the same university bestowed on him an honorary degree in Economics in 2004. The Nelson Mandela Metropolitan University added a feather to his cap with an honorary doctorate degree in 2008.
4. He is married to Gaynor Rupert, with whom he has three children, Anton Ruper Jr., Caroline Rupert, and Hanneli Rupert.
5. Upon his return to SA in 1979, he founded the Rand Merchant Bank where he remained CEO until 1984 when the company merged to form RMB Holdings.
6. When he left the Rand Merchant Bank, he linked with his father’s cigarette manufacturing company, Rembrandt Group, founded in 1948.
7. In 1988, Rupert founded Compagnie Financiere Richemont, a Switzerland-based luxury goods holding company. In the same year, he was appointed Non-Executive Director of Rothmans International plc and was also honoured by the Sunday Times as the “Businessman of the Year.”
8. In 1989, Rupert became the vice chairman of his father’s company and was made chairman of the same company, Rembrandt Group Limited, in 1991.
9. He became the Non-Executive Chairman of Gold Fields South Africa Ltd in 1997.
10. Africa’s richest man, Rupert is a known golf enthusiast. His passion for the game saw him set up the Laureus Sport for Good Foundation in 1990. He has been using the foundation to address social issues through sports and has helped with about 675 projects across the world.
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Ex-IGP Usman Alkali Baba Joins Yobe Governorship Race, Vows to End Insurgency
Former Inspector General of Police, Usman Alkali Baba, has formally declared his intention to contest the 2027 governorship election in Yobe State, promising to tackle insecurity and rebuild the state’s economy.
In a statement released Tuesday following a consultation meeting in the state, the retired police chief said his ambition is driven by a desire to restore peace, strengthen institutions, and accelerate development across all sectors.
Alkali pledged to “wipe out insurgency” and revive economic activities disrupted by years of insecurity, noting that his administration would prioritise intelligence-driven security and community partnerships.
“My vision for Yobe State is clear. I want a state where security is strengthened through intelligence and community partnership. I want a state where farmers can return to their farms with confidence, traders can move freely, and children can go to school without fear,” he said.
The former police boss emphasised his experience in national security management, stating that his years in public service have equipped him with the discipline and strategic thinking needed to govern effectively.
According to him, Yobe State requires leadership that understands security, institutional coordination, and human development, adding that insecurity has significantly hindered growth and deepened poverty in the region.
He also outlined plans to boost agriculture, expand infrastructure, and invest in education and youth empowerment. Alkali promised to provide microcredit support for women and equip young people with technical skills and startup kits to drive commerce and industry.
On healthcare, he pledged to combat child-killer diseases, including polio, and introduce free maternal healthcare services, as well as free medical care for children aged zero to five.
“Mothers will not die during childbirth, and children will live and thrive. They will go to school and graduate in a safe and secure environment,” he assured.
Alkali further stated that his administration would focus on inclusive governance, ensuring development reaches all local government areas without discrimination.
While expressing readiness to build on the achievements of the current administration, he maintained that governance must go beyond rhetoric and propaganda, stressing that it requires “vision, action, and the courage to make tough decisions.”
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Bayern Won’t Sell Olise Even for €200m — Rummenigge Drops Bombshell
Bayern Munich have made a strong statement over the future of winger Michael Olise, with Vice-President Karl-Heinz Rummenigge insisting the club would reject even a €200 million offer for the player.
The comments, reported by transfer expert Fabrizio Romano on Monday, highlight Bayern’s long-standing policy of prioritising sporting stability over financial gain.
SEE ALSO: BREAKING: Chelsea Hit With £10.75m Fine, Transfer Ban
Rummenigge explained that the club’s position is rooted in a historic decision made in 2009, when Bayern received a massive bid from Chelsea for Franck Ribéry.
After internal discussions involving then CFO Karl Hopfner and former president Uli Hoeneß, the club chose to reject the offer — a decision that shaped its modern transfer philosophy.
According to him, that principle remains unchanged today.
He stressed that Bayern do not consider selling players who are essential to the team, adding that even a record-breaking €200 million bid would not change their stance on Olise.
The statement is expected to fuel further transfer speculation across Europe, but Bayern officials maintain that Olise is a key part of their long-term sporting project and not for sale.
Bayern Munich continue to uphold their “untouchable players” policy, while Michael Olise remains central to their squad plans.
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AFCON 2025 Drama: Morocco Defends CAF Ruling Amid Growing Controversy
The Fédération Royale Marocaine de Football (FRMF) has defended its position following the controversial ruling by the Confederation of African Football Appeal Board over the disputed 2025 Africa Cup of Nations final.
In a statement issued on Wednesday, the Moroccan football authority said its appeal was strictly aimed at ensuring the proper application of competition rules, and not to question the sporting merit or performance of any team involved in the final.
The federation emphasized its commitment to fairness, transparency, and the stability of African football competitions, noting that its actions were guided by respect for established regulations.
ALSO READ: JUST IN: Senegal Stuns Hosts Morocco To Lift AFCON 2025 Trophy
“The Federation reiterates that its approach has always been grounded in respect for the rules and stability of African competitions,” the statement read.
FRMF also praised all participating nations in the tournament, describing the 2025 AFCON as a significant milestone in the growth and development of football across the continent.
However, the body revealed that a more detailed position would be made public after a scheduled meeting of its governing organs.
The statement is expected to further clarify Morocco’s stance and outline any possible legal or administrative steps moving forward.
The CAF Appeal Board’s decision has continued to generate widespread reactions among football stakeholders, with growing calls for clearer regulations, improved transparency, and consistency in the administration of African football.





