Nigerian Tycoons Lead Africa's 50 Richest To Gains In 2014
Reported by Zina Moukheiber and Mfonobong Nsehe, with additional reporting from FORBES AFRICA, Christopher Helman, Chase Peterson-Withorn and Katia Savchuk. Edited by Kerry A. Dolan with Abram Brown and Luisa Kroll
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.