More Nigerians have joined the continent’s billionaire league, according to a new study undertaken by African business magazine and news service, Ventures Africa. The new rich list names Abdulsamad Rabiu, Jim Ovia, Jide Omokore, and Bode Akindele amongst Africa’s billionaires. The new research says Africa is the world’s fastest growing emerging market and is home to 55 billionaires, up from a previous estimate of 25, with an average net worth of $2.6bn. The price of oil, which topped $100 a barrel this year, up from $20 a barrel in early 2000, is adjudged to be at the root of this new crop of African billionaires. These super rich are worth a combined total of $143.88bn (£89.27bn), in contrast to the UK, which is home to 84 billionaires who are worth nearly £250bn, according to 2013 Sunday Times Rich List. With 55 billionaires, Africa is comparable to Latin America, which has 51 at the last count (Forbes). However, Africa has some way to go if it is to top the super-rich tall...
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