However, Elon Musk retains the richest man title on the Bloomberg Billionaire Index, followed by Amazon founder Jeff Bezos.
According to the data, the Tesla CEO has lost over $30 billion since 2024 to narrow the gap between him and Bezos.
On the other hand, Aliko Dangote, Nigeria's and Africa's richest man has gained over $6 billion to bring his net worth to $22 billion.
Dangote has recouped most of his losses as Nigeria embarked on Forex reforms since June last year.
At the beginning of January 2024, Dangote's net worth was estimated at $15 billion.
He briefly lost the title of Africa's richest man to South Africa's Johann Rupert.
