Nigerian billionaires dominate African rich list with £49B ($78B) between them

Folorunsho Alakija of Nigeria is the richest black woman in the world, ahead of Oprah Winfrey, with a personal fortune of $7.3bn from oil and gas. Photograph: Bennett Raglin/Getty Images

Nigeria has more billionaires than any other country in Africa, including the continent’s wealthiest man and the world’s richest black woman, according to a ranking published this week.

The collective wealth of Nigerians on the rich list compiled by Ventures Africa, a business magazine that “champions African capitalism”, stands at $77.7bn (£49bn), more than double that of South Africans and almost as much as the rest of the continent’s billionaires combined.

Read more: Nigerian billionaires dominate African rich list with £49bn between them | World news | The Guardian.

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