Tuesday, October 8, 2013

Number of African billionaires 'higher than previously thought' - possibly more than in Latin America

Aliko Dangote, President and CEO of Nigeria's Dangote Group. PHOTO/Mike Hutchings/Reuters

(AFP) - There are far more African billionaires than previously thought, Ventures magazine said Monday in a report on the continent's mega-rich, however, the number of Africans living in poverty has also risen.

Previous Africa-rich-lists named as few as 16 billionaires, but Ventures said its exhaustive research had identified at least 55 on a continent where the wealthy often fiercely protect

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