Africa boasts 55 billionaires – far more than previously thought – and they’re worth a staggering $143.88 billion in total, according to pan-African magazine Ventures Africa.
They noted that Brazilian oil company, Petrobas, was looking to sell its 8 per cent stake in OML 127 for $1.5- $2.5 billion, and extrapolated that if they managed to sell it for $1 billion, Alakija’s 60 per cent stake would be worth at least $7.3 billion.
Iweala claims this and other estimates included in the report are actually ‘on the conservative side’ and said the magazine expect to unearth more African billionaires shortly.
The overall richest African is Nigerian manufacturer Aliko Dangote who is worth $20.2 billion. Twenty Nigerians are listed in total.
According to Forbes, Oprah Winfrey is worth $2.9 billion.
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