VENTURES AFRICA – The combined fortune of
Africa’s 55 billionaires is $143.88 billion. 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.
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