Wednesday, September 26, 2012

"Hidden" billionaires of Africa - may number close to 200

Aliko Dangote, President and Chief Executive of the Dangote Group speaks during the final session of the World Economic Forum on Africa meeting in Cape Town June 6, 2008. PHOTO/Mike Hutchings

The black economy is very big

Africa may have as many as 200 “hidden” billionaires operating in the unofficial economy who will seek to legitimize their wealth in the future, investor Mark Mobius said.

“There is a lot of hidden wealth,” Mobius, who oversees more than US$40 billion as

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