The Billionaire Census: Africa is Home to 42 Billionaires

The Billionaire Census 2013 is a study report by Wealth-X and UBS bank  released early November 2013, a comprehensive research study on the world’s billionaire population, According to the Billionaire census 2013 there are currently 2,170 dollar-billionaires worldwide with a combined net worth of US$6.5tr. The Census Showed the cities with the most Billionaires, countries, ladies, you should read this report!  
Excerpts from the Billionaire Census
  • The global billionaire population rose by 0.5 percent and their total wealth increased by 5.3 percent in the past year.
  • Europe is home to the most billionaires (766 individuals). However, North America has the most billionaire wealth (US$2,158 billion).
  • Asia contributed the largest number of new billionaires (18) this year, followed by North America (11).
  • Latin America is the slowest growing region in terms of billionaire wealth, increasing by just 2.3 percent in the past year.
  • As of 2013, the average net worth of the world's billionaires is US$3 billion.
  • Globally, there are 111 individuals who each have a net worth that exceedsUS$10 billion. Their combined net worth is over US$1.9 trillion, greater than the GDP of Canada.
  • Despite popular notions of billionaires being jet-setting, cosmopolitan individuals, most billionaires are still based in the same locations where they were raised.
  • 60 percent of billionaires are self-made, while 40 percent inherited their wealth or grew their fortunes from inheritance.
  • Only 17 percent of female billionaires are self-made, while 71 percent gained their fortunes through inheritance.
  • Only 42 of these billionaires are from Africa -19 of Africa’s billionaires are from Egypt, followed by South Africa (9), Nigeria (7), Morocco (4), Kenya (1), Tunisia (1) and Angola (1)
“Although Egypt has the largest number of billionaires in the region, the average net worth of South African billionaires is nearly double that of Egyptian billionaires at $3.3bn, as compared to $1.7bn,” notes the report.
Just over 47% of Africa’s billionaires are self-made, while about 14% inherited their wealth. The rest have part-inherited, part-made their fortunes.
The average age of Africa’s billionaires is 62 and all of them have been married.
Interestingly, only 7% of the continent’s billionaires amassed their wealth in the petroleum sector. The majority, or 19%, of billionaires operate in the financial sector, followed by industry (12%), real estate (12%), social organisations (10%), and construction and engineering (7%).

Read More on the World Billionaire Census here
It even has a billionaire calendar of where and when to find the most billionaires! Jeeez!