Andrew Shirley News

Africa’s richest man, Aliko Dangote (Left), has a net worth of about US$18 billion, according to Forbes. Tom Saater/Bloomberg

Ranks of African millionaires swell

The sinking tide of commodity prices has lowered incomes for the rich and poor, but for a growing class of African millionaires, the effect may be less painful than for others.

A Gulfstream G650 jet. The route from Lagos to London is the eighth-fastest growing private-jet route in the world.

Newly Rich Africans Are Young, Hip Millennials Willing to Spend

The profile of a rich African is shifting from older white-haired males to younger, hip millennials who have found new ways to make and keep money in a changing global scene.