Press Esc to close
Saturday 07 May 2016
News updated at 3:18 AM IST
Weather
Max: 35.5°C
Min : 24.9°C
In Bengaluru
Sunny day

Report: 55 African billionaires, richest woman

Lagos(Nigeria), Oct 8 , 2013 (AP)


A pan-African magazine says Africa has many more billionaires than previously reported, 55 of them worth USD 143.88 billion including a Nigerian said to be the richest black woman in the world.


"Move over, Oprah!" Ventures Africa says in its latest edition published this week.
Editor-in-chief Uzodinma Iweala said today the magazine's estimates are "on the conservative side."

The report predictably identifies Nigerian manufacturer Aliko Dangote as the richest African worth USD 20.2 billion, among 20 Nigerians listed.

Africa Ventures put the average net worth of Africa's billionaires at USD 2.6 billion and their average age at 65.

The oldest billionaires are Kenyan industrialist Manu Chandaria and Egyptian property tycoon Mohammed Al-Fayed, both aged 84. The youngest billionaires are Mohammed Dewji of Tanzania and Nigerian oil trader Igho Sanomi, both 38 years old.

Nigeria, South Africa and Egypt had the highest numbers of the richest Africans, with nine in South Africa and eight in Egypt. It said Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each. It identified billionaires in only 10 of Africa's 53 countries.

The magazine's survey surprises by identifying oil tycoon Folorunsho Alakija as the richest black woman in the world, saying that she is worth USD 7.3 billion.

Forbes magazine in its respected list had estimated Alakija's fortune at USD 600 million and Oprah Winfrey's worth at USD 2.9 billion.

The Forbes list of Africa's 40 Richest has only 16 billionaires including two Nigerians.

"I think being more rigorous and being closer to the ground makes it easier to figure out on a continent where information is not as readily available and things are not as transparent," Iweala explained in a telephone interview. 


Go to Top

Photo Gallery
Lightning strikes across the sky above homes in south Walla Walla, Wash., Wednesday, May 4, 2016...

Lightning strikes across the sky above homes in south Walla Walla, Wash., Wednesday, May 4, 2016...

Labourers thrash paddy crop in a field on the outskirts of Ahmedabad...

Labourers thrash paddy crop in a field on the outskirts of Ahmedabad...

A youth blocks a road during a public curfew called by the Joint Committee on Inner Line Permit...

A youth blocks a road during a public curfew called by the Joint Committee on Inner Line Permit...

A security person with a sniffer dog inspect two crude bombs recovered near a polling boot...

A security person with a sniffer dog inspect two crude bombs recovered near a polling boot...

Students celebrate their success after announcement of ICSE board results in Patna on Friday...

Students celebrate their success after announcement of ICSE board results in Patna on Friday...

BSF men take out a march ahead of Assembly elections in Kozhikode on Friday...

BSF men take out a march ahead of Assembly elections in Kozhikode on Friday...

A collapsed pandal at Simhastha Mahakumbha Mela in Ujjain on Friday, a day after thunderstorm...

A collapsed pandal at Simhastha Mahakumbha Mela in Ujjain on Friday, a day after thunderstorm...

Jadavpur University Students chasing the car of film director Vivek Agnihotri to show him black...

Jadavpur University Students chasing the car of film director Vivek Agnihotri to show him black...

A Bicycle rider are struggle to move in water logged road at K R Circle during the heavy rain in...

A Bicycle rider are struggle to move in water logged road at K R Circle during the heavy rain in...

Mumbai Indians stars Kieron Pollard, Harbhajan Singh, Ricky Ponting and Rohit Sharma at Etihad...

Mumbai Indians stars Kieron Pollard, Harbhajan Singh, Ricky Ponting and Rohit Sharma at Etihad...