Check out Ventures list of Africa's Richest People for 2014

Ventures Africa, an African business magazine
and news service, has today launched its
second annual ranking of Africa’s wealthiest
people. The Richest People in Africa list
remains the most comprehensive compilation
of the continent’s wealthiest individuals.
In 2014, Ventures Africa counted 55 African
billionaires with a net worth totalling $161.7
billion, a 12.4% rise from $143.8 billion in
2013.
This year Nigeria remains the continent’s top
contributor to the Rich List. Of the
55billionaires, 23 are Nigerian. Their collective
wealth is $77.7 billion. This is 48 percent of
the total Rich List wealth, almost as much as
the other countries combined.
Other key findings from the research include:
· Nigeria has four new billionaires. Cletus
Ibeto, founder of multi-business conglomerate,
Ibeto Group, leads the list of newcomers with
a net worth of $3.7 billion. He is followed by
Benedict Peters, an oil magnate valued at $
2.7 billion. Well-known financier and
philanthropist Tony Elumelu, valued at $1.6
billion, and Akanimo Udofia, worth $1 billion,
complete the list.
· AlikoDangote, founder of Africa’s largest
industrial conglomerate Dangote Group,
remains the continent’s richest man. His net
worth has grown to $25.7 billion, a 21% rise
from his $20.2 billion valuation in 2013.
· Igho Sanomi, a Nigerian oil trader, shares
the position of Africa’s youngest billionaire
with Mohammed Dewji, Tanzania’s richest
man. At 39, Igho Sanomi, the founder of oil
conglomerate Taleveras Group, is worth $1.3
billion.
· FolorunshoAlakija, the richest black woman
in the world, is worth $7.3 billion dollars.
· Almost 40% of Nigeria’s billionaires’ wealth
is tied to its oil and gas industry.
Chi-Chi Okonjo, Founder of Ventures Africa,
said:
"The Ventures Africa Rich List is the most
authoritative accounting of individual African
wealth. We have been able to do so because
of our on-the-ground experience and detailed
knowledge of the local African business
landscape.”
The list has been compiled using financial
reports, by tracking equity holdings around
stock markets and identifying specific
shareholding structures in large, privately-held
companies. The results have been
corroborated with investment bankers, realtors
and financial analysts to determine proper
valuations.
To view the full Ventures Africa Rich List
please visit: richlist.ventures-
africa.com /2014