WAFCO Is A Social African Activist Organization; A Part Of WORLD AFRICAN FEDERATION, WAFED, Responsible For Monitoring, Regulating And Protecting The Welfare And Interests Of African Countries And Africans Globally, Join Us, Spread The Word, Thank You. CHAIRMAN BENNEY IKOKWU, WAFCO, NEW YORK CITY, AMERICA

Pan-African magazine says Africa has 55 billionaires, world’s richest black Nigerian woman


Pan-African magazine says Africa has 55 billionaires, world’s richest black Nigerian woman

By Associated Press

LAGOS, Nigeria — A pan-African magazine says Africa has many more billionaires than previously reported, 55 of them worth more than $143 billion including a Nigerian said to be the richest black woman in the world.“Move over, Oprah!” Ventures Africa says in its latest edition published this week.Editor-in-chief Uzodinma Iweala said Tuesday the magazine’s estimates are “on the conservative side.”The report predictably identifies Nigerian manufacturer Aliko Dangote as the richest African worth $20.2 billion, among 20 Nigerians listed.Africa Ventures put the average net worth of Africa’s billionaires at $2.6 billion and their average age at 65. The oldest billionaires are Kenyan industrialist Manu Chandaria and Egyptian property tycoon Mohammed Al-Fayed, both aged 84. The youngest billionaires are Mohammed Dewji of Tanzania and Nigerian oil trader Igho Sanomi, both 38 years old.Nigeria, South Africa and Egypt had the highest numbers of the richest Africans, with nine in South Africa and eight in Egypt. It said Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each. It identified billionaires in only 10 of Africa’s 53 countries.

The magazine’s survey surprised by identifying oil tycoon Folorunsho Alakija as the richest black woman in the world, saying that she is worth $7.3 billion.

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World African Congress, WAFCO, World African welcomes the exciting news that Africa has 55 billionaires. Very good news but not good enough! We’re dedicated to encouraging African business people to move into more manufacturing businesses and  away from the current consumer economy to manufacturing economy so that the number of billionaires will increase dramatically to 200 or even more in a couple of decades! Africa is a sleeping economic giant just like China had been for many centuries until recently. Africa has all the natural resources to manufacture anything needed in this world, so it can’t be surprising to expect that in no distant future, with an established solid manufacturing economy and wise and prudent management of its GNPs, as well as investments, it could become one of the leading producers of billionaires and trillionaires. This may explain why all the different races of the world have always ganged up against Africa and work tirelessly to prevent her from awakening from her slumber. The rise of an economically powerful Africa is a genuine threat to them. But, they cannot prevent or stop the destiny of Africa from becoming manifest. Someday, Africa, the motherland of the whole humanity shall rise and shine just like Europe, America and now Asia had done. Africa is already racially diverse in its population, so nothing is lacking except a manufacturing economy! This is the commitment of WAFCO, World African. Chairman Benney Ikokwu


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