Africa boasts 55 billionaires from 10 countries
AfricaFULL TEXT: Statement after voting in 1994. Read more ... », the world’s fastest growing emerging market, is now homeI'm Black, Not African American. Read more ... » to 55 billionaires, with an average net worth of $2.6bn.
Africa is now home to 55 billionaires, up from previous estimates of 16-25 billionaires, newNew DStv Explora Decoder: 10 Things To Know Before You Buy. Read more ... » research has found. These super rich are worth a combined totalI will not vote for ANC - Desmond Tutu declares. Read more ... » of $143.88bn (£89.27bn).
The UK, in contrast, is home to 84 billionaires, worth a nearly £250bn, according to the 2013 Sunday Times Rich List10 Richest Nigerian Nollywood Actors. Read more ... ».
With 55 billionaires, Africa is comparable to Latin America, which has 51 at last count (Forbes). However, Africa has some way to go if it’s to top the super-rich tally in AsiaIs Africa’s negative image justified? Eleven viewpoints. Read more ... », which is home to 399 billionaires as of 2013.
The new studyHow Europe Underdeveloped Africa. Read more ... », undertaken by AfricanI'm Black, Not African American. Read more ... » businessAn African President of the World Bank is not the Solution, when the Bank itself is the Problem . Read more ... » magazine and news serviceNew DStv Explora Decoder: 10 Things To Know Before You Buy. Read more ... » Ventures Africa, is the most extensive list ever compiled, claims founder Chi-Chi Okonjo. It reveals the “true wealth” of Africa’s richest people, he said.
The richest man in Africa is cement, sugar and flour tycoon Aliko Dangote The Top 20 Richest Men in Nigeria. Read more ... ». The Nigerian is worth $20.2bn. This figureThe World's 100 Billionaires. Read more ... » is slightly up on Forbes’ estimation of $16.1bn for his wealth as of March this yearDear Mo Ibrahim, take your money go. Read more ... ».
In second placeI'm Black, Not African American. Read more ... », South African financier Allan Gray holds assets worth at least $8.5bn.
Third on the list, Nigerian Mike Adenuga The Top 20 Richest Men in Nigeria. Read more ... », with operations in the oilHow Can Africa Sustain Its Development?. Read more ... » and telecoms industries, has an estimated fortune of $8bn.
Africa’s wealthiest woman, Nigerian oil tycoon Folorunsho AlakijaThe Richest Black Woman In The World . Read more ... », is worth $7.3bn.
The median age of Africa’s billionaires stands at 65 years old, with the youngest billionaires both at 38. These young guns are Tanzanian Mohammed Dewji, head of the largest textile manufacturer in sub-Saharan AfricaJobs for Africa’s young people. Read more ... », and Nigerian oil trader Igho Sanomi.
The oldest billionaires are Manu Chandaria, a Kenyan industrialist, and Mohammed Al-Fayed, the Egyptian property tycoon and Harrods boss, who are both 84.
NigeriaTop 10 Most Beautiful Nigerian Actresses. Read more ... », South Africa and EgyptTop Ten largest telecoms companies in Africa. Read more ... » have the most billionaires with 20, nine and eight respectively. In total ten African countries are represented on the list.
According to Ventures Africa, there are a large numberThe best 100 African wise proverbs and inspiring quotes. Read more ... » of African billionaires on its list whose fortunesThe World's 100 Billionaires. Read more ... » have never been accurately calculated before including: Strive Masiyiwa (ZimbabweI will not vote for ANC - Desmond Tutu declares. Read more ... », $1.46 billion); Abdulsamad RabiuRichest People In Africa – African Billionaires. Read more ... » (Nigeria, $1.4 billion); Aziz Akhannouch (MoroccoAfrica’s Top Ten countries with fastest internet speeds. Read more ... », $1.39 billion); Jide Omokore (Nigeria, $1.32 billion); and Bode Akindele (Nigeria, $1.19 billion).
“This list is a tribute to the entrepreneurial heartbeat within Africa,” said Mr Okonjo.
The report credits the surge in energy prices over the last decade for the increase in billionaires. The priceNew DStv Explora Decoder: 10 Things To Know Before You Buy. Read more ... » of oil topped $100 a barrel this year, up from $20 a barrel in early 2000.
The list was been compiled using financial reports, by tracking equity holdings around stock markets and identifying specific shareholding structures in large, privately-held companies. The results have been corroborated with investmentHow Can Africa Sustain Its Development?. Read more ... » bankers, realtors and financial analysts to determine proper values for companies, real estate and other assets, such as art collections, jets, yachts and jewellery.