BALLIN'!! Meet Africa's 55 billionaires!

"Move over, Oprah!" Ventures Africa says in its latest edition published this week.

The pan-African magazine released a new issue this week and in it they claim that Africa has many more billionaires than previously reported, 55 of them worth $143.88 billion including a Nigerian said to be the richest black woman in the world.

DAMN!

The magazine's survey surprises by identifying oil tycoon Folorunsho Alakija as the richest black woman in the world, saying that she is worth $7.3 billion.

Editor-in-chief Uzodinma Iweala said Tuesday the magazine's estimates are "on the conservative side."

From the AP

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.

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.

Wait, who is the billionaire in Zimbabwe?

Read more here

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