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| Aliko Dangote |
Wealth-X
and UBS bank today published its Billionaire Census 2013, a
comprehensive study on the world’s billionaire population.
The research reveals there are currently 2,170
dollar-billionaires in the world, with a combined net worth of US$6.5tr. Only
42 of these billionaires are from Africa.
According
to the study, 19 of Africa’s billionaires are from Egypt, followed by South Africa (9),
Nigeria (7), Morocco (4), Kenya (1), Tunisia (1)
and Angola (1).
“Although
Egypt has the largest number of billionaires in the region, the average net
worth of South African billionaires is nearly double that of Egyptian
billionaires at $3.3bn, as compared to $1.7bn,” notes the report.
It
remains a man’s world when it comes to the continent’s billionaires, with 93%
of them listed in the report being male.
The
wealthiest man in Africa is Nigeria’s Aliko
Dangote, a self-made businessman with a fortune of $17bn. Dangote started a
small trading firm in 1977 that grew to become the Dangote Group, one of the
most diversified business conglomerates in Africa and major supplier to
Nigeria’s soft drink companies, breweries and confectionaries.
Just
over 47% of Africa’s billionaires are self-made, while about 14% inherited
their wealth. The rest have part-inherited, part-made their fortunes.
The
average age of Africa’s billionaires is 62 and all of them have been married.
Interestingly, only 7% of the continent’s billionaires amassed
their wealth in the petroleum sector.
The
majority, or 19%, of billionaires operate in the financial sector, followed by
industry (12%), real estate (12%), social organisations (10%), and construction
and engineering (7%).
Source: www.howwemadeitinafrica.com
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