By: Wealth-X

The wealthiest man in Africa is Nigeria’s Aliko Mohammed Dangote, a self-made business tycoon with a personal fortune of US$17 billion. He leads the Wealth-X list of Africa’s wealthiest individuals, which is primarily dominated by South Africans and Egyptians.

With a combined fortune of US$73.2 billion, these 10 individuals account for 0.4 percent of Africa’s ultra high net worth (UHNW) population but over 20 percent of the UHNW wealth in the region.

Wealth-X released this list as part of the Wealth-X and UBS World Ultra Wealth Report 2013. The study showed that in 2013 Africa’s UHNW population increased by 9.5 percent to 2,775 individuals with a combined wealth of US$350 billion – a 7.7 percent rise from last year.

To read more and download World Ultra Wealth Report 2013 go to Wealthx.com

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