The number of billionaires in Africa has dropped from 23 in 2015 to 21 and their networth has also dropped from $79.8 billion to $70 billion, according to Forbes magazine.
Forbes this year only released a billionaire’s list abandoning its Africa’s 50 richest people.
There were 28 African billionaires in 2014.
The billionaires are from only seven countries: Algeria, Angola, Egypt, Morocco, Nigeria, South Africa and Tanzania.
Nigerian Aliko Dangoke remains the richest man but his fortune has dropped by nearly $5 billion to $12.1 billion. There are two other Nigerian billionaires.
South Africa and Egypt are tied at six billionaires each, followed by Morocco with three and one each for Algeria, Angola and Tanzania.
According to Forbes 13 out of the 21 billionaires have self-made fortunes, while the other eight inherited their fortunes.
Only two of the billionaires are female: Angola's Isabel dos Santos -Africa’s richest woman with a $3.2 billion fortune, and Nigeria’s Folorunsho Alakija.
Tanzania’s Mohammed Dewji is Africa’s youngest billionaire at 41.
(292 VIEWS)
This post was last modified on January 9, 2017 9:03 pm
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
