NIGERIA HAVE THE BILLIONAIRES IN AFRICA - The Insurance and Finance Scope <!-- tosinakinde_sidebar(1)_AdSense6_160x600_as -->

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Saturday, November 15, 2014

NIGERIA HAVE THE BILLIONAIRES IN AFRICA

With a combined wealth of $49 billion, Nigeria has the most billionaires in Africa, including the richest woman in the world and the wealthiest man in Africa.
According to a new annual ranking called “the Richest People in Africa” – compiled by Ventures Africa – Nigeria’s billionaire wealth is double that of South Africa.
Folorunsho Alakija
Folorunsho Alakija is richer than Oprah Winfrey
In total, the ranking found 55 African billionaires with a net wealth of $161.7 billion. But Nigerians dominate the list – with 23 of the continents bilionaires coming from Nigeria, and 4 out of the 5 new billionaires this year coming from Nigeria.
Key findings include:
– Folorunsho Alakija of Nigeria is the richest black woman in the world, worth $7.3 billion.
– Aliko Dangote, founder of Africa’s largest industrial conglomerate, Dangote Group, remains the continent’s richest man. His net worth has grown to $25.7 billion in 2014, a 21% rise from his $20.2 billion valuation in 2013.
– the four new entrants from Nigeria this year include: Cletus Ibeto with $3.7 billion, Benedict Peters with $2.7billion, Tony Elumelu $1.6billion, and Akanimu Udofia with $1billion.
Aliko-Dangote

Aliko Dangote – the richest man in Africa – built his business empire on cement
Ventures Africa describes itself as a “Pan-African business magazine and news service, which champions African capitalism.” They claim the list was compiled by sourcing financial reports, tracking equity holdings around stock markets, and identifying shareholding structures in large, privately-held companies. The results have been corroborated through consultation with leaders in investment banking, real estate, and financial analysis to determine proper valuations.
“The Ventures Africa Rich List is the most authoritative accounting of individual African wealth,” said Chi-Chi Okonjo, Founder of Ventures Africa. “We have been able to accomplish this through our on-the-ground experience and in-depth knowledge of the local and regional African business landscape.”
rich list nigeria

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