Africa, the world’s
fastest growing emerging market, is now home to 55 billionaires, with average
net worth of $2.6bn. The price of oil topped $100 a barrel this year, up
from $20 a barrel in early 2000, creating a new crop of African billionaires.
These super rich are worth a combined total of $143.88bn (£89.27bn).
These super rich are worth a combined total of $143.88bn (£89.27bn).
The new study, undertaken by African business magazine and news
service Ventures Africa, is the most extensive list ever compiled; claims founder
Chi-Chi Okonjo. It reveals the “true wealth” of Africa’s richest people.
Aliko Dangote- The richest man in
Africa is cement, sugar and flour tycoon. The Nigerian is worth $20.2bn. This
figure is slightly up on Forbes’ estimation of $16.1bn for his wealth as of
March this year.
Allan Gray- In second place, South African financier; holds assets
worth at least $8.5bn.
Mike Adenuga- A Nigerian with operations in the oil and telecoms industries,
has an estimated fortune of $8bn. His major investment is in Globacom , Nigeria
‘s second national carrier, Conoil which plays in both the downstream and
upstrem petroleum industry.
Folorunsho Alakija- Africa’s wealthiest woman, Nigerian oil tycoon is worth $7.3bn. She is
the owner of Famfa oil, which sold 40 percent of its oil block to Chevron
recently.
Mr Jim Ovia- Founder and first managing director of Zenith Bank, one of
Nigeria's leading financial institutions, also made the list with net worth of
$1.5 billion. He is chairman of Nigeria's fledging telecommunications company,
Visafone.
Aziz Akhannouch- Morocco,
$1.39 billion.
Jide Omokore- Nigeria,
$1.32 billion. His
an oil and gas tycoon and own a fledging petroleum dealing firm called Spog
Petroleum and Gas.
Bode Akindele- Nigeria,
$1.19 billion.
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 Africa , 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.
Nigeria, South Africa and Egypt have the most billionaires with 20, nine and eight respectively. In total 10 African countries are represented on the list.
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