Amid grim news about the global economy, Africa continues to shine.
Forbes’ second annual list of Africa’s 40 Richest reflects growth across much of the continent. The moguls’ combined net worth, now $72.9 billion, is up 12% over last year.
Ten newcomers join the ranks, including, for the first time, two women.
Aliko Dangote of Nigeria is Africa’s richest once again.
According to Forbes, rising stock prices helped to shake up the ranks of the Africa rich list, with a quarter of the list members this year being newcomers.
For the first time two women – Folorunsho Alakija of Nigeria and Isabel dos Santos of Angola – are also included in the newcomer list.
Making up the top 10 are:
Property baron Sudhir Ruparelia of Uganda with a net worth estimated at $900m;
Salim Bakhresa, the first African from Tanzania to make the Forbes list with an estimated net worth of $520m;
Morocco’s Moulay Hafid Elalamy with a net worth of $500m;
Oil magnate OB Lulu-Briggs of Nigeria, with a net worth of $500m;
Sani Bello of Nigeria, who owns a slice of MTN Nigeria, with a fortune estimated at $425m; and
Naushad Merali, the only Kenyan on this year’s list, with an estimated net worth of $410m.
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