Press Esc to close
Thursday 02 October 2014
News updated at 1:43 AM IST
Weather
Max: 29.3°C
Min : 21.4°C
In Bangalore
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
Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523