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07/10/2013

Kenyatta, Manu Chandaria, make it to Africa's billionaire rich list.

The combined fortune of Africa’s 55 billionaires is about 150 billion dollars. The average net worth of the members of this exclusive club is $2.6 billion, while the median age of the richest people in Africa is 65 years. 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 Igho Sanomi, a Nigerian oil trader. They are both 38 years old.

Nigeria, South Africa and Egypt lead the pack with the highest number of billionaires at 20, nine and eight
respectively. Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each. In all, there are 10 African countries represented on the list.

Three women made it into the rankings. The richest of them is Folorunsho Alakija, a Nigerian fashion designer and oil tycoon worth some $7.3 billion by our estimates. Isabel Dos Santos, an Angolan investor and the daughter of Angolan President, Eduardo Dos Santos, together with Mama Ngina Kenyatta, the widow of Kenya’s first President, also made the cut.

Africa’s richest people derived their fortunes pursuing a variety of business endeavours including financial services, mining, construction, energy and retail.

Source: Ventures Magazine. 

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