Ventures Africa, an African business magazine and news service, launched its second annual ranking of Africa’s wealthiest people yesterday . The Richest People in Africa list remains the most comprehensive compilation of the continent’s wealthiest individuals.

In 2014, Ventures Africa counted 55 African billionaires with a net worth totalling $161.7 billion, a 12.4% rise from $143.8 billion in 2013.

This year Nigeria remains the continent’s top contributor to the Rich List. Of the 55billionaires, 23 are Nigerian. Their collective wealth is $77.7 billion. This is 48 percent of the total Rich List wealth, almost as much as the other countries combined.

Other key findings from the research include:

Nigeria has four new billionaires. Cletus Ibeto, founder of multi-business conglomerate, Ibeto Group, leads the list of newcomers with a net worth of $3.7 billion. He is followed by...Read More http://popafrica.com/list-africas-richest-people-2014-ventures-africa/