Connect with us


Africa’s Billionaires of 2016



Forbes has put out its list of 2016 world billionaires and Africa has 28 on the list, down from 33 the year before. Africa has 26 men and 2 women from 9 African counties with Nigeria’s Aliko Dangote still the richest man in Africa and Angola’s Isabel Dos Santos the richest woman in Africa.

The number of African Billionaires has dropped from 2015‘s 33 to 28 in 2016.  Five billionaires dropped off the list from last year and some new comers were added to the list.

African Countries represented on the Billionaire list

In 2016, South Africa topped the list with 8 billionaires. Egypt was a close second with 7 Billionaires. Nigeria comes 3rd with 5 billionaires and Morocco 2. The other countries represented are Angola, Algeria, Ethiopia, Sudan and Swaziland.

African Billionaire Age groups

There are 3 billionaires in their forties, 7 in their fifties, 7 in their sixties, 8 in their seventies and 3 in their eighties. Africa’s youngest Billionaire is still Mohammed Dewji from Tanzania at Age 41. 

PictureAfrica RankForbes RankNameNet WorthAgeWealth SourceHometown / Residence
1#51Aliko Dangote$15.4 B59cement, sugar, flourNigeria
2#81Patrick Soon-Shiong$11.9 B65pharmaceuticalsSouth Africa / United States
3#94Elon Musk$10.7 B45Tesla MotorsSouth Africa / United States
4#103Mike Adenuga$10.0 B63telcom, oilNigeria
5#138Mohammed Al Amoudi$8.3 B70oil, diversifiedEthiopia / Saudi Arabia
6#174Nicky Oppenheimer$6.6 B71diamondsSouth Africa
7#214Christoffel Wiese$5.8 B75retailingSouth Africa
8#248Johann Rupert$5.3 B66luxury goodsSouth Africa
9#421Nathan Kirsh$3.7 B85retail, real estateSwaziland
9#421Nassef Sawiris$3.7 B56constructionEgypt
10#453Haim Saban$3.5 B72TV network, investmentsEgypt / United States
11#549Issad Rebrab$3.1 B73foodAlgeria
12#569Naguib Sawiris$3.0 B62telecomEgypt
12#569Isabel dos Santos$3.3 B43investmentsAngola
13#688Mohamed Mansour$2.5 B69diversifiedEgypt
14#959Othman Benjelloun$1.9 B84banking, insuranceMorocco
14#959Mohamed Al Fayed$1.9 B88retail, investmentsEgypt
15#1011Femi Otedola$1.8 B54gas stationsNigeria
16#1067Youssef Mansour$1.7 B71diversifiedEgypt
17#1121Folorunsho Alakija$1.6 B66oilNigeria
17#1121Allan Gray$1.6 B79money managementSouth Africa
18#1275Yasseen Mansour$1.4 B55diversifiedEgypt
18#1275Koos Bekker$1.4 B64media, investmentsSouth Africa
19#1367Aziz Akhannouch$1.3 B56petroleum, diversifiedMorocco
20#1577Mohammed Dewji$1.1 B41diversifiedTanzania
20#1577Patrice Motsepe$1.1 B55miningSouth Africa
20#1577Mohammed Ibrahim$1.1 B70communicationsSudan / United Kingdom
20#1577Abdulsamad Rabiu$1.1 B56cement, sugar, flourNigeria

Facebook Comments

1 Comment

1 Comment


    April 5, 2017 at 12:31 pm

    With 22 African billionaires this year, the number on the list has dropped by seven.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Ethiopian Prime Minister and Wife Set An Example With Adoption From Kibebe Tsehay Orphanage



Ethiopian Prime Minister, Abiy Ahmed’s charisma has warmed our hearts on multiple occasion. His latest example came to fruition this month when the courts approved him and his wife’s petition to adopt an orphan named Million from Kibebe Tsehay Orphanage.

The adopting parents applied to the court on January 22, 2019 making the argument that the child will be better off with them. The court approved the adoption in light of the fact that the agreement is in the best interest of the child and confirmed that Million could not give comment on the adoption agreement since his age is under two years.

FANABC reported that Meaza Ashenafi, President of the Supreme Court, sent a congratulatory message to First Lady Zinash and Prime Minister Dr Abiy.

'The decision of First Lady Zinash and Prime Minister Dr Abiy could be a model to other Ethiopians to adopt disadvantaged children' - Meaza Ashenafi Click To Tweet

The prime minister’s wife, Zinash Tayachew, who attended the court in person, said her family will give Million all the needed love and care.

African First Lady Adoptions

The development comes on the back of Zambia’s first lady’s decision to adopt an abandoned month-old baby last December. The baby girl was abandoned by her mother a few days after she was born at the University Teaching Hospital (UTH) in Lusaka. Other former first ladies in Africa have also adopted children, including Ghana’s Lordina Mahama and Zimbabwe’s Grace Mugabe.

Ethiopia’s first couple have three children of their own and their decision to adopt Million has been hailed by many people.

Facebook Comments

Continue Reading


Comedian Okey Bakassi Gives Bachelors Some Marriage Advice



Veteran comedian and actor, Okechukwu Anthony Onyegbule, popular by his stage name Okey Bakassi took to his Instagram page to talk about gender equality. The short video clip directed at bachelors has since gone viral. The comedian’s qualities that disqualify a bachelor from taking a girl to the altar include,

“If you do not believe that a man and a woman have equal rights, don’t bother about marriage. Looking for a woman to worship and serve you? Do not marry an educated woman. If you are insecure and too jealous, don’t marry a woman who is beautiful.”

This advice is coming a few days after another ace comedian revealed the secret to his lasting marriage. The comedian also went ahead to list qualities that qualify a bachelor for marriage. He said,

“But if you are looking for a woman who would give and raise beautiful children with you, take you to the next level, support you in times of need, marry a beautiful woman who is hardworking and educated and has a mind of her own. Don’t carry somebody’s daughter to punish her”.


View this post on Instagram


Small expo to bachelors who are planning to marry. #realitycheck #therelationshiptherapist

A post shared by Okey Onyegbule (@okeybakassi) on

Family life

The successful comedian and actor will celebrate 17 years of marriage later this year. In 2016, the comedian celebrated his 15 years marriage by posting throwback pictures of his star-studded wedding. The comedian and his wife have three lovely children; two girls and a boy. For a while, the comedian and his family are living apart. Notwithstanding the distance, the comedian continues to live in unity with his family.

Around April 2018 while granting an interview to Sunday Scoop on the occasion of his 25th anniversary as a comedian, Okey Bakassi explained how it feels staying apart with his family. In that interview, the 2014 “Best Actor in a Leading Role (Igbo)” said,

“The reason I do a tour in Canada is to be close to my wife and kids since they are there. Of course, my family wants me to be with them every day and they always express that. But they also understand that I need to focus on the demands of my job.”

Rise to the spotlight

Okey Bakassi started showing theatrical promise as a student. While at River State University of Science & Technology, he teamed up with a few friends to start ‘Theater Kolleagues’. The sole purpose of the group was to provide entertainment for the university community. Bakassi relocated to Lagos where he met Zeb Ejiro, popular producer and director who handed him his first role. Speaking on his future in the entertainment industry the comedian said,

“Movies take a lot of time to shoot. If I don’t see a movie I like to do I’d rather focus on stand-up comedy. Whenever I see a movie that I can sacrifice my time and energy on, I will do it”.

Facebook Comments

Continue Reading


Nigerian Artists Give Fans A Sneak Peek To Their Private Wedding



Adekunle Gold and Simi

Two Nigerian music stars, Adekunle Gold and Simi, have been dating and keeping it a secret for a while.  Their amazing musical chemistry and on-stage harmony turned out to be the reason for the celebration of their love. Recently, the lovebirds agreed to their marriage being held in a small private ceremony with nearly 300 guests in attendance.

However, the internet was alight with the wedding pictures which were definitely a living scene from a romantic movie. The duo kept their relationship silent about it until recently. In a recent interview, the reason for keeping the ceremony private has been uncovered.

Talking about the relationship with his lady-love, Simi, the newlywed star, Adekune Gold said,

“This January, before God and our family, we vowed to do this thing called life together. Because to be honest, it’s easy to get lost in the limelight; so we definitely have a slightly obsessive desire for a private life that belongs to just us.”

This is coming after the previous YBNL singer and his lady-love released a song “Promise”. The song had absorbing and captivating wedding scenes in its video which made the fans believe it to be theirs. 

“We planned on sharing a little bit of the beginning of our forever with you. Thankfully my team got Kudus on our little Island with us to capture some of these moments for you.

“Here is ‘Promise’.”

This swooning response made Promise one of the most searched videos of the week, and will probably continue to be the center of attention for quite some time. It caught hearts of millions of in-love fans around the globe. As for many others, it was an official validation of their wedding that they would have loved to be a part of or kept updated about.

Facebook Comments

Continue Reading

Popular Posts