Check out Ventures list of Africa's Richest People for 2014

<center><img border="0" height="300" src=" https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1T2uQkJhNjTwBFIlqDi76SVan1nKgDnLKTlsUHgnDe3TNHOin3LrR-BULFz0da6no3ce5ExkBnAcZhoFmP2b2VSiQcR1xRdmJKkmtNDK6lWaOnKCT91MQY-YMvUk7XCo5XWu8pe6wPxqq/s280/3.jpg " width="250"> </a></center><br/>Ventures Africa, an African business magazine<br/>and news service, has today launched its<br/>second annual ranking of Africa’s wealthiest<br/>people. The Richest People in Africa list<br/>remains the most comprehensive compilation<br/>of the continent’s wealthiest individuals.<br/>In 2014, Ventures Africa counted 55 African<br/>billionaires with a net worth totalling $161.7<br/>billion, a 12.4% rise from $143.8 billion in<br/>2013.<br/>This year Nigeria remains the continent’s top<br/>contributor to the Rich List. Of the<br/>55billionaires, 23 are Nigerian. Their collective<br/>wealth is $77.7 billion. This is 48 percent of<br/>the total Rich List wealth, almost as much as<br/>the other countries combined.<br/>Other key findings from the research include:<br/>· Nigeria has four new billionaires. Cletus<br/>Ibeto, founder of multi-business conglomerate,<br/>Ibeto Group, leads the list of newcomers with<br/>a net worth of $3.7 billion. He is followed by<br/>Benedict Peters, an oil magnate valued at $<br/>2.7 billion. Well-known financier and<br/>philanthropist Tony Elumelu, valued at $1.6<br/>billion, and Akanimo Udofia, worth $1 billion,<br/>complete the list.<br/>· AlikoDangote, founder of Africa’s largest<br/>industrial conglomerate Dangote Group,<br/>remains the continent’s richest man. His net<br/>worth has grown to $25.7 billion, a 21% rise<br/>from his $20.2 billion valuation in 2013.<br/>· Igho Sanomi, a Nigerian oil trader, shares<br/>the position of Africa’s youngest billionaire<br/>with Mohammed Dewji, Tanzania’s richest<br/>man. At 39, Igho Sanomi, the founder of oil<br/>conglomerate Taleveras Group, is worth $1.3<br/>billion.<br/>· FolorunshoAlakija, the richest black woman<br/>in the world, is worth $7.3 billion dollars.<br/>· Almost 40% of Nigeria’s billionaires’ wealth<br/>is tied to its oil and gas industry.<br/>Chi-Chi Okonjo, Founder of Ventures Africa,<br/>said:<br/>"The Ventures Africa Rich List is the most<br/>authoritative accounting of individual African<br/>wealth. We have been able to do so because<br/>of our on-the-ground experience and detailed<br/>knowledge of the local African business<br/>landscape.”<br/>The list has been compiled using financial<br/>reports, by tracking equity holdings around<br/>stock markets and identifying specific<br/>shareholding structures in large, privately-held<br/>companies. The results have been<br/>corroborated with investment bankers, realtors<br/>and financial analysts to determine proper<br/>valuations.<br/>To view the full Ventures Africa Rich List<br/>please visit: richlist.ventures-<br/>africa.com /2014

Check out Ventures list of Africa's Richest People for 2014

Ventures Africa, an African business magazine and news service, has today launched its second annual ranking of Africa’s wealthiest people....

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