Pan-African Magazine: Africa has 55 Billionaires

Photo Credit: APA pan-African magazine says Africa has many more billionaires than previously reported, 55 of them worth more than $143 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 Tuesday the magazine’s estimates are “on the conservative side.”

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

Africa Ventures put the average net worth of Africa’s billionaires at $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.

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