Ventures Africa just released its 2014 list of the richest individuals in Africa.
According to Ventures Africa, “Africa’s richest man continues to accumulate wealth at a startling pace in his quest to enter the exclusive club of the 10 richest people on the planet within the next decade. Over the past three decades, he has systematically built up his fortune, and with current expansion plans for his Dangote Group, shows no signs of stopping. His net worth has jumped from $20.2 billion last year to $25.7 billion this year.”
Aliko Dangote’s Dangote Group is now the largest indigenous industrial conglomerate in Sub-Saharan Africa.
Fellow Nigerian, Mike Adenuga, is second on the list with a net worth of $8B. Adenuga “continues to build his empire centered around Globacom (Glo), a telecommunications company with over 25 million active subscribers in Nigeria and about 30 million subscribers across West Africa. One of the fastest-growing telecommunications companies in the world, Globacom recently completed an $800 million high-capacity fiber-optic submarine cable from the UK to Nigeria in advance of its big push into data services provision,” Ventures Africa said.
Rounding out the top 10 richest people in Africa are:
- Johann Rupert (South Africa; $7.8B)
- Folorunsho Alakija (Nigeria; $7.3B)
- Nassef Sawiris (Egypt; $6.9B)
- Nicky Oppenheimer (South Africa, $6.5B)
- Allan Gray (South Africa; $6.2B)
- Arthur Eze (Nigeria; $5.8B)
- Gilbert Chagoury (Nigeria; $4.3B)
- Nathan Kirsh (Swaziland; $3.8B)
Clearly, Nigerians and South Africans dominate this list.
Ventures Africa was kind enough to include a “Number of Jobs Created” metric for the constituents of this list, as this is a helpful indicator of how much economic value Africa’s richest people create.
See the full list here.