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10/10/2013

Africa billionares increase to 55- new report shows.

Africa Ventures magazine estimates that there are 55 African billionaires, contrary to an earlier report by Forbes that had put the number at 40. The ventures magazine editor in chief continued that the 55 was on the conservative side, and there more hidden billionaires in Africa. put the average net worth of Africa's billionaires at $2.6 billion and their average age at 65. The magazine reports that Nigerian industrialist Aliko Dangote is the richest African worth $20.2 billion. 2o Nigerians are listed as billionaires in the list. 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.

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