Orji Uzor Kalu, Tony Elumelu Join Forbes List Of Africa's Richest

5 years ago by: MrJohn
[1] 2
-- (m) at 19-11-2014 07:33PM (5 years ago)

(3760 | Gistmaniac)

For the first time in the four years that FORBES has been tracking Africa’s richest, Nigeria bests South Africa. At the top yet again is cement tycoon Aliko Dangote of Nigeria, joined on the list of Africa’s 50 Richest by 12 other countrymen.  In comparison South Africa claims 11 spots, down from 14 a year ago. Nigeria is showing its strength, having earned commendations for its efforts to snuff out Ebola in the country, which Dangote helped fund — and despite a recent drop in oil prices.

There are three new billionaires on the list: Orji Uzor Kalu of Nigeria, Tony Elumelu of Nigeria and King Mohammed VI of Morocco.  Three billionaires on last year’s list are no longer members of the 10-figure club: Vimal Shah of Kenya is off the list, replaced by his father Bhimji Depar Shah at a lower net worth. Abdulsamad Rabiu of Nigeria dropped below $1 billion due to ceased operations at his cement company in Nigeria. And South African mining mogul Desmond Sacco dropped to a net worth of $680 million, down from $1.4 billion last year, because of a sharp decline in the share price of his mining firm Assore Group. The net result: the number of billionaires on the list stayed steady with 2013 at 27.

Africa’s 50 richest are, as a whole, wealthier than a year ago. Their combined net worth of $110.7 billion is 6.7% more than in November 2013. The minimum net worth needed to join this elite group rose to $510 million, up from $400 million a year ago.

Behind Aliko Dangote at number one with a fortune of $21.6 billion, comes South African luxury goods magnate Johann Rupert, number two for the second year in a row, worth an estimated $7.3 billion. His Compagnie Financiere Richemont has a stable of luxury brands including Cartier, Montblanc and fashion house Azzedine Alaia.

Six newcomers join the list of richest Africans, including the above mentioned new billionaires, as well as Ali Wakrim of Morocco and Ahmed Ezz of Egypt. Mohamed Bensalah of Morocco rejoins the list after dropping off in 2013. Seven members of the 2013 list fell off: Vimal Shah of Kenya (as mentioned earlier, his father Bhimji replaced him), Cyril Ramaphosa of South Africa, Raymond Ackerman of South Africa, Sani Bello of Nigeria, Adrian Gore of South Africa, Shafik Gabr of Egypt, and Alami Lazraq of Morocco.

The oldest person on the list is 85 – both Miloud Chaabi of Morocco and Onsi Sawiris of Egypt share that age. The youngest is Mohammed “Mo” Dewji of Tanzania, age 39. The number of women on the list is two, unchanged from a year ago. Thirty-five of the fortunes were self made; two were inherited and the remaining 13 were inherited but are being expanded. The average net worth of each list member is $2.2 billion, compared to $2.1 billion a year ago.

-- beneno (m) at 19-11-2014 08:02PM
(25964 | Addicted Hero)

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
-- allenspike (m) at 19-11-2014 08:05PM
(4095 | Gistmaniac)

I been think say na tony tetula
-- okoroj (m) at 19-11-2014 09:19PM
(834 | Upcoming)

Hmmmm no shaking
-- esgo (f) at 19-11-2014 10:06PM
(144 | Upcoming)

Ok hoo!!!
-- Abubu86 (m) at 19-11-2014 10:37PM
(5550 | Gistmaniac)

Shey dat one go bring d price of garri come down 4 mkt? Rubbish
-- dareper (m) at 20-11-2014 12:03AM
(20642 | Addicted Hero)

Big mens
-- EmekaBlue (m) at 20-11-2014 01:59AM
(4394 | Gistmaniac)

-- Ken1230 (m) at 20-11-2014 03:22AM
(3084 | Gistmaniac)

I am the numero 1 in the Billionaires list
-- angesco Online (f) at 20-11-2014 06:22AM
(6715 | Gistmaniac)

My new year resolution is to
1. Join any political party.
2. Hire a journalist (with a camera) and then start to campaign. I will promise my people everything  - including house free rent for 4 years
3. Print T-shirts bearing my smiling face and handout free to all my bought supporters
4. Hire a stadium and feed the hungry.
5. Locate an orphanage and donate things (make sure photos are taken for the local paper to report)
6. Visit a hospital and donate medical equipment ( remember to invite journalists)
7. Find a village school and give it a new paint of coat. (invite local newspaper)
8. Ensure my family and I sit in the front seat every Sunday in my local church (make sure front row is not occupied by a poor family who pray too much).
9. Ensure the pastor announces how much I donate every Sunday (remember to take my ATM card to church - I can pay later).
10. Invite the villagers to a meal after church (provide transport so that the poor can attend)
11. Ensure enough extra ballot papers are printed to ensure all my supporters can vote (it's called democracy)
12. Set up more polling stations for the millions who want to vote (those set up by the election monitoring body are not sufficient)
13. Pay Okada riders to pick and drop my supporters at polling stations so that they can vote  - those who refuse to do this will be dealt with after I win.
14. Have a private meeting with my opponent.
15. Be sworn in.
16. Start to get back the money I wasted on getting those fools to vote for me.
19. Take a relaxing holiday in Dubai. My promises to my people can wait.
20. Visit my dentist in London
21. Visit my doctor in New Orleans.
22. My wife is sworn in as my deputy.
23. My children start school in Washington DC.
24.Start a business with the headquarters overseas in my five year old son's name.
25. Steal oil - sell oil and make money.
26. Ensure ALL my benevolence is printed everyday in the local newspaper
27. Build a house for my girlfriend
28. Take pictures with Obabma and so on.
29. Use the donations from western nations to "help" my people (I will chose those people)
30. Be recognised by Forbes.
31. Retire to enjoy MY wealth in a foriegn land.

I cannot wait for 2015. Bring it on!!!   
-- newtoncruz (m) at 20-11-2014 08:11AM
(965 | Upcoming)

sidon dey look
-- newtoncruz (m) at 20-11-2014 08:11AM
(965 | Upcoming)

-- Nicksam (m) at 20-11-2014 08:42AM
(11435 | Hero)

-- darlington_iyke (m) at 20-11-2014 10:11AM
(229 | Upcoming)

Am sorry to say this but that man called orji azu Kalu is a criminal...look at the state of Abia...no form of development instead he comes on air to show his stupid wealth

Meanwhile bokoharam are killing innocent people instead of killing these crooks who are spending Nigeria's money for their selfish interest.
-- nizest (m) at 20-11-2014 10:57AM
(21 | Newbie)

good to know. i will be the next
-- bospak (m) at 20-11-2014 11:12AM
(1313 | Gistmaniac)

-- echeeche (m) at 20-11-2014 12:01PM
(9432 | Hero)

nigerians will healthy
-- Larry28 (f) at 20-11-2014 05:33PM
(16483 | Hero)

My name nko?
-- olaideayoade (m) at 20-11-2014 07:07PM
(10 | Newbie)

your name in ur house.
-- PoliticxGuru (m) at 14-08-2015 08:45AM
(14200 | Hero)

after stealing gov. money
[1] 2