Which country has the highest number of billionaires in Africa?


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If you said Nigeria, you are wrong. It is not South Africa, either. It is Egypt. According to the latest billionaire report from Wealth-X, Africa has 40 billionaires with a total wealth of US$114 billion. This is a drop of two from last year, but total wealth is up by US$13 billion. Of the forty, 13 are from Egypt and their total wealth is US$37 billion. Last year Egypt had 19 billionaires with a total wealth of US$32 billion. Nigeria has four more billionaires this year from seven last year. Their wealth increased from US$20 billion to US$36 billion. South Africa has one more billionaire, but the nine from last year had more wealth. They had US$30 billion, but now 10 only share US$28 billion. Morocco has five billionaires one more than last year with a total wealth of US$12 billion up from US$10 billion last year. And the last billionaire is from Kenya and has only US$1 billion. There are 2 325 billionaires in the world. Their total wealth is US$7.3 trillion.

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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